The North America processed meat market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the innovation in processing technologies
Meat is considered developed when it is successfully treated by salting, smoking, and adding ingredients to extend its shelf life and enhance its taste. Chicken, Beef, pork, turkey, and lamb are some of the most common meats used to make processed meat. Pepperoni, jerky, hot dogs, and sausages are examples of processed meat products. Meat is treated with preservatives to keep it from spoiling due to bacteria and other microorganisms. The COVID-19 outbreak wreaked the meat industry. In the processed meat market's distribution chain, hotels, restaurants, and cafés play a significant role. Most notably, fast food restaurants such as McDonald's, KFC, Subway, and Burger King were forced to close temporarily or permanently during COVID-19 pandemic, which negatively impacted the market growth.
The report on the North America processed meat market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
North America Processed Meat Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Meat Types (Poultry, Beef, Pork, Mutton and Others) Product Types (Chilled, Frozen and Canned/Preserved), and Distribution Channels (Hypermarkets/Supermarkets, Convenience Stores, Online Retailing and Others) |
Geographical Scope |
The US, Canada, Mexico, and Rest of North America |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Foster Farms; Farmland Foods; Conagra, Inc.; and Hormel Foods Corporation |
Based on meat types, the market is divided into poultry, beef, pork, mutton, and others. The poultry segment is expected to grow at a rapid pace during the forecast period due to high proportion of the composition. However, the pork segment is anticipated to hold a key share of the market in the coming years due to growing consumer consumption of various products such as bacon and ham.
On the basis of product types, the market is segregated into chilled, frozen and canned/preserved. The chilled segment is projected to expand at a considerable CAGR during the forecast period due to its beneficial aspects such as changing diet patterns of consumers around the area and reduction in cooking hours. On the other hand, the Frozen segment is anticipated to account for a major market share during the forecast period.
Based on distribution channels, the market is divided into hypermarket/supermarket, convenience stores, online retailing and others. The hypermarkets/supermarkets segment is estimated to account for a significant market share during the forecast period due to the presence of long retail chains such as Walmart. Moreover, the preference among consumers to visit hypermarkets due to easy of shopping and presence of sales assistants is propelling the segment growth.
In terms of regions, the North America processed meat market is classified as the US, Canada, Mexico, and Rest of North America. The US is expected to constitute a key share of the market during the projected period. The country is the prominent exporter of poultry meat and a significant producer of eggs. Moreover, the changing lifestyle and increasing consumption of meat products are anticipated to spur the market growth in the region.
The North America processed meat market has been segmented on the basis of
Meat Types
Product Types
Distribution Channels
Geography
Key Players
Key players competing in the North America processed meat market are Foster Farms; Farmland Foods; Conagra, Inc.; and Hormel Foods Corporation.
Mergers, expansions, acquisitions, and partnerships, as well as new product development, are highlighted as strategic techniques used by prominent corporations to increase their brand exposure among customers.
The North America processed meat market has been segmented on the basis of
Meat Types
Product Types
Distribution Channels
Geography
Key Players
Key players competing in the North America processed meat market are Foster Farms; Farmland Foods; Conagra, Inc.; and Hormel Foods Corporation.
Mergers, expansions, acquisitions, and partnerships, as well as new product development, are highlighted as strategic techniques used by prominent corporations to increase their brand exposure among customers.
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