Market Insights
Processed meats are generally enhanced with different additives, which include acidifiers, salts, flavoring agents, and minerals. Rapidly increasing globalization has intensified the processing of different types of meat in order to feed the global population. A busy work schedule, along with the popularity of ready-to-eat products, has strengthened the demand for processed meat.
The global processed meat market is currently growing at a significant pace and is anticipated to observe stupendous growth over the next seven years until 2023.
Escalating awareness among people regarding processed food, increasing the personal disposable income of households, and different varieties of processed meat are likely to fuel the growth of the processed meat market over the forecast period.
Apart from this, rising retail market growth is further anticipated to propel the growth of the market till 2023.
At present, North America was the largest market for processed meat in 2015. Following it, Europe grabbed the second-largest share in the total revenue of the processed meat market. Escalation in population growth and an increase in the income level of middle-class consumers in Asian and Latin American countries are anticipated to foster the growth of the processed meat market in the region.
The global processed meat market is mainly concentrated in North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
The global processed meat market is segmented on the following basis:
By meat type
By processed type
- Chilled Processed
- Canned
- Frozen Processed
- Others
By Sales Channel
- Hypermarkets/Supermarkets
- Convenience Stores
- Others
By Geography
- North America
- Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
Key players identified across the value chain in the processed meat market include, but are not limited to:
Cargill Inc., Keystone Foods, Tyson Foods, Pilgrim’s Pride Corporation, ConAgra, Advance Food Company Inc., Smithfield Foods, Advance Pierre Foods, JBS, and others
This report offers the following:
- An overview of the global processed meat market
- Market trends assessment for the period 2016-2023, with historical information for 2013 and 2014 and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
- Qualitative assessment tools such as market drivers, challenges, and future prospects, and competitive analysis: market positioning of key market players
- Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
- A general overview of the industry structure
- Company profiles highlight key information about the major players operating in the global processed meat market.
- This report includes an estimation of market sizes for value. Both top-down and bottom-up approaches have been used to estimate and validate the size of the processed meat market.
