Processed Meat Market Overview
The Global Processed Meat Market was valued at USD 629.38 billion in 2023, with an expected growth rate of 6.54% CAGR over the forecast period, reaching a valuation of USD 980.63 billion by 2030. Processed meat refers to any meat product that has undergone modifications like salting, curing, fermenting, smoking, or adding chemical preservatives to enhance flavor and extend its shelf life. The most common meats processed are pork and beef, but poultry, offal, and meat by-products are also widely used. Processed meats are favored for their convenience, diverse flavors, and extended durability.
Processed Meat Market Report Dynamics:
Growth Drivers:
Expansion of E-Commerce Platforms: The rise of e-commerce, including food delivery and grocery shopping apps, is a significant driver of processed meat sales. Consumers increasingly prefer ordering meat products online due to convenience. This trend has led to the development of various private-label food brands aiming to capture market share in the processed meat sector.
Consumer Demand for Ready-to-Eat and Ready-to-Cook Meals: With busy lifestyles and the need for quick meal solutions, consumers are turning to processed meat products that can be easily prepared or consumed on the go. Meat-based breakfasts like bacon and sausages have become popular in regions like North America, where time-saving meal options are highly valued.
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Market Restraints:
Health Concerns Associated with Processed Meat: The World Health Organization (WHO) has classified processed meats, such as bacon and sausages, as Group 1 carcinogens, which means they are linked to an increased risk of cancer, particularly bowel and stomach cancer. High consumption of processed meats also raises concerns about chronic diseases such as heart disease, hypertension, and high blood pressure, potentially hindering market growth.
Environmental Challenges: Meat production poses environmental risks, including the need for large-scale feed sourcing, manure processing, and the significant contribution of greenhouse gases. These environmental concerns, coupled with the industry's substantial carbon footprint, present challenges for sustainable growth in the processed meat sector.
Opportunities:
Increasing Consumer Preference for Flavored Meat Products: Changing consumer tastes for rich and umami-flavored meats have created a significant opportunity for meat processing techniques. Seasoning with herbs, spices, and marinades to create distinct flavors is on the rise. Glazing and braising techniques are also gaining traction, providing companies in the processed meat market with opportunities to introduce new, diverse product offerings.
Processed Meat Market Regional Insights
The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis used in the report to understand the Processed Meat market status in various countries. The Processed Meat market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Processed Meat Market Segmentation
By Product
Frozen
Chilled
Canned
Others
By Meat Type
Poultry
Beef
Pork
Others
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Processed Meat Market Key Players
BRF S.A. (Brazil)
Cargill Inc. (U.S)
Cherkizovo Group (Russia)
Foster Farms (U.S)
Hormel Foods Corporation (U.S)
JBS S.A. (Brazil)
Koch Foods (U.S)
Marfrig (Brazil)
National Beef Packing Company (Hong Kong)
Perdue Farms (Salisbury, MD)
Pilgrims Pride (Greely, CO)
Sanderson Farms (Laurel, MS)
NH Foods Ltd (Japan)
Smithfield Foods, Inc (Smithfield, VA)
Tyson Foods Inc (Springdale, AR)
Key questions answered in the Processed Meat Market are:
- What is Processed Meat?
- What was the Processed Meat market size in 2023?
- What is the growth rate of the Processed Meat Market?
- Which are the factors expected to drive the Processed Meat market growth?
- What are the different segments of the Processed Meat Market?
- What growth strategies are the players considering to increase their presence in Processed Meat?
- What are the upcoming industry applications and trends for the Processed Meat Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Processed Meat Market?
- What segments are covered in the Processed Meat Market?
- Who are the leading companies and what are their portfolios in Processed Meat Market?
- What segments are covered in the Processed Meat Market?
- Who are the key players in the Processed Meat market?
To access the in-depth research, please visit the link below:https://www.stellarmr.com/report/Processed-Meat-Market/305
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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