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Processed Meat Market Size, Share & Growth | Forecast [2030]

Global Processed Meat Market

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Segments - by Meat Type (Poultry, Beef, Mutton, Pork, Others), Product Types (Fresh-Processed Meat, Raw Fermented Meat, Raw-Cooked Meat, Pre-Cooked Meat, Cured Meat, Dried Meat, Others), Storage Types (Chilled, Frozen, and Canned), By Distribution Channels (Institutional Sales (HoReCa), Retail Sales, Supermarkets and Hypermarkets, Grocery Stores, Specialty Retailers, Online Stores), and Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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200 Pages

09-09-2021
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Author :

Anuradha B. More

Fact-checked by :

Vaibhav Chandola

Editor :

Aman Singh

Report Description

Processed Meat Market Outlook

The global processed Meat market was valued at USD 445.28 Mn in 2020 and is anticipated to reach USD 895.65 Mn by 2028, expanding at a CAGR of 9.1% during the forecast period. Processed meat is taken into consideration as any meat that has been changed for the improvement in its flavor or for extending its shelf lifestyles.

There are several methods available in the market for processing meat such as fermentation, salting, smoking, and curing. Processed meat is generally composed of beef or red meat, however additionally chicken, whilst it could also include offal or meat with the aid of merchandise such as blood. Globally, many different types of processed meat products are available including canned meat, sausages, corned beef, bacon, warm dog, salami, lunch meat, jerky, ham, and meat-based sauces.

Meat processing consists of all the tactics that exchange fresh meat except simple mechanical processes together with cutting, grinding, or mixing. Meat processing began as soon as humans found out that cooking and salting prolongs the existence of fresh meat.

Processed Meat Market Dynamics

Increasing Inclination Towards Flavored Meat Products

The growing consumer demand towards nutritious and flavored meat products is projected to drive market growth in the coming years. Many different spices, marinades, herbs, and seasonings are used while making packaged meat products which give it a flavored texture and umami taste. Flavored meat is integrating many meat processing methods including brazing and glazing due to the consumer's changing taste preferences.

Consumer preference for the taste is increasing the popularity of the products based on processed meat. There are many processed meat products such as ham, bacon, salami, and others. The acceptance of different methods for preserving and processing the meat along with the adoption of cross country food is anticipated to fuel the market growth.

Rising Awareness for Organic Processed Meat Products

The growing awareness about organic processed meat products among people is estimated to propel market growth in the coming years. Moreover, nowadays consumers are giving preferences to eat food that is free from antibiotics, safe, and healthy.

This is increasing the shift towards organic processed meat products which is increasing the adoption of organic animal husbandry. Market players are accepting the rising trend of organic meat. Hence, producing the processed meat products from organic certified farms. The use of organic processed meat aids in maintaining the authenticity of food products.

Ease Accessibility to Merchants

The enhanced comfort presented by using merchandise and vast boom inside the food processing industry is facilitating the uptake of processed meat. The marketplace is similarly pushed via the growing reputation of international cuisines. Supported by using the fast expansion of online and prepared retail across the globe is anticipated to provide a positive impact on the market growth.

Along with this, numerous quick-service restaurant (QSR) chains, restaurants, and lodges, in addition to numerous retail and comfort shops, are offering a selection of merchandise that contain processed meat as the important thing factor. Coupled with the increasing demand for food on the global level, that is presenting an impetus to the marketplace growth.

Growing Demand For Ready-to-eat Products

The increasing demand for equipped-to-consume meat products across the globe is the primary factor that is stimulating market growth and development. This is facilitated by means of fast urbanization, inflating in keeping with capita earnings levels, and moving dietary preferences of the masses. The busy schedules and the tense life led by means of the operating specialists have additionally impelled the income of processed meat products.

Apart from this, there has been a substantial upward thrust in the demand for animal-based proteins among individuals. This can be attributed to the developing attention amongst clients regarding the consumption of nutrient-rich packaged product variants.

Processed Meat Market Segmental Outlook

The global processed meat market is segmented on the basis of meat types, product type, storage type, and regions.

In terms of meat types, the Processed Meat Sales Market is bifurcated into poultry, beef, mutton, pork, others. The poultry segment is expected to dominate the market during the forecast period, The segment growth is mainly attributed owing to the cheap and affordability of the poultry products such as chicken or turkey.

In terms of product type, the Processed Meat Sales Market is segmented into Fresh-Processed Meat, Raw Fermented Meat, Raw-Cooked Meat, Pre-Cooked Meat, Cured Meat, Dried Meat, Others. The fresh-processed meat segment held a substantial market share. The segment growth is mainly attributed owing to the rising preference for fresh-processed meat within hotels and restaurants.

Based on storage type, the market is segmented into frozen, canned, and chilled. The frozen segment held the largest market share in 2020. The increasing preference for frozen meat products for food preparation within the food industry companies is the primary factor for the segment growth. Additionally, advantages such as longer shelf life and less microbial contamination are the factors that are contributing to frozen meat, towards the segment growth.

In terms of distribution, the processed meat sales market is bifurcated into Institutional Sales (HoReCa), Retail Sales, Supermarkets and Hypermarkets, Grocery Stores, Specialty Retailers, Online Stores. The online stores segment is expected to grow at the highest CAGR during the forecast period. The segment growth is mainly attributed owing to the rising adoption of the online channel amongst the manufacturers in order to expand their customer base.

Processed Meat Market Regional Outlook

Based on regions, the Global Proceed Meat Sales Market is fragmented into North America, Europe, Latin America, and Middle East & Africa. North America accounted for a significant share of the market in 2020 and the market in regions such as Asia Pacific (APAC) and Europe is anticipated to expand at a substantial CAGR during the forecast period.

North America holds a significant share of the market during the forecast period. North America has a developed economy with a large population and a workforce that is equally large. The regional market is being pushed by rising demand for convenience foods and high-protein animal meat products.

Key Benefits for Industry Participants & Stakeholders

In-depth Analysis of the global Processed Meat market
Historical, Current and Projected Market Size in terms of Value and Volume
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Processed Meat Market Performance

Segments

By Meat Types

Poultry
Beef
Mutton
Pork
Others

By Product Types

Fresh-Processed Meat
Raw Fermented Meat
Raw-Cooked Meat
Pre-Cooked Meat
Cured Meat
Dried Meat
Others

By Storage Types

Chilled
Frozen
Canned

By Distribution Channels

Institutional Sales (HoReCa)
Retail Sales
Supermarkets and Hypermarkets
Grocery Stores
Specialty Retailers
Online Stores

By Regions

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Market Players Profiled in the Report

BRF Global
Cargill Inc.
Foster Farms
Hormel Foods Corporation
JBS SA
Perdue Farms
Pilgrim's
Sadia
Sanderson Farms Inc.

Competitive Landscape

Top players in the market include BRF Global, Cargill Inc., Foster Farms, Hormel Foods Corporation, JBS SA, Perdue Farms, Pilgrim's, Sadia, and Sanderson Farms Inc.
These companies are considered as key manufacturers of piezoelectric element based on their revenue, product offerings, regional presence, and supply chain management system.
The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the Processed Meat market.

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Processed Meat Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Processed Meat Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Processed Meat Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Processed Meat Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
    4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Processed Meat Market Size & Forecast, 2018-2028
      4.5.1 Processed Meat Market Size and Y-o-Y Growth
      4.5.2 Processed Meat Market Absolute $ Opportunity
Chapter 5 Global Processed Meat Market Analysis and Forecast By Meat Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Meat Type
      5.1.2 Basis Point Share (BPS) Analysis By Meat Type
      5.1.3 Absolute $ Opportunity Assessment By Meat Type
   5.2 Processed Meat Market Size Forecast By Meat Type
      5.2.1 Poultry
      5.2.2 Beef
      5.2.3 Mutton
      5.2.4 Pork
      5.2.5 Others
   5.3 Market Attractiveness Analysis By Meat Type
Chapter 6 Global Processed Meat Market Analysis and Forecast By Product Types
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Product Types
      6.1.2 Basis Point Share (BPS) Analysis By Product Types
      6.1.3 Absolute $ Opportunity Assessment By Product Types
   6.2 Processed Meat Market Size Forecast By Product Types
      6.2.1 Fresh-Processed Meat
      6.2.2 Raw Fermented Meat
      6.2.3 Raw-Cooked Meat
      6.2.4 Pre-Cooked Meat
      6.2.5 Cured Meat
      6.2.6 Dried Meat
      6.2.7 Others
   6.3 Market Attractiveness Analysis By Product Types
Chapter 7 Global Processed Meat Market Analysis and Forecast By Storage Type
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Storage Type
      7.1.2 Basis Point Share (BPS) Analysis By Storage Type
      7.1.3 Absolute $ Opportunity Assessment By Storage Type
   7.2 Processed Meat Market Size Forecast By Storage Type
      7.2.1 Chilled
      7.2.2 Frozen
      7.2.3 Canned
   7.3 Market Attractiveness Analysis By Storage Type
Chapter 8 Global Processed Meat Market Analysis and Forecast By Distribution
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities By Distribution
      8.1.2 Basis Point Share (BPS) Analysis By Distribution
      8.1.3 Absolute $ Opportunity Assessment By Distribution
   8.2 Processed Meat Market Size Forecast By Distribution
      8.2.1 Institutional Sales (HoReCa) Retail Sales
      8.2.2 Supermarkets and Hypermarkets
      8.2.3 Grocery Stores
      8.2.4 Specialty Retailers
      8.2.5 Online Stores
   8.3 Market Attractiveness Analysis By Distribution
Chapter 9 Global Processed Meat Market Analysis and Forecast by Region
   9.1 Introduction
      9.1.1 Key Market Trends & Growth Opportunities by Region
      9.1.2 Basis Point Share (BPS) Analysis by Region
      9.1.3 Absolute $ Opportunity Assessment by Region
   9.2 Processed Meat Market Size Forecast by Region
      9.2.1 North America
      9.2.2 Europe
      9.2.3 Asia Pacific
      9.2.4 Latin America
      9.2.5 Middle East & Africa (MEA)
   9.3 Market Attractiveness Analysis by Region
Chapter 10 Coronavirus Disease (COVID-19) Impact
   10.1 Introduction
   10.2 Current & Future Impact Analysis
   10.3 Economic Impact Analysis
   10.4 Government Policies
   10.5 Investment Scenario
Chapter 11 North America Processed Meat Analysis and Forecast
   11.1 Introduction
   11.2 North America Processed Meat Market Size Forecast by Country
      11.2.1 U.S.
      11.2.2 Canada
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 North America Processed Meat Market Size Forecast By Meat Type
      11.6.1 Poultry
      11.6.2 Beef
      11.6.3 Mutton
      11.6.4 Pork
      11.6.5 Others
   11.7 Basis Point Share (BPS) Analysis By Meat Type
   11.8 Absolute $ Opportunity Assessment By Meat Type
   11.9 Market Attractiveness Analysis By Meat Type
   11.10 North America Processed Meat Market Size Forecast By Product Types
      11.10.1 Fresh-Processed Meat
      11.10.2 Raw Fermented Meat
      11.10.3 Raw-Cooked Meat
      11.10.4 Pre-Cooked Meat
      11.10.5 Cured Meat
      11.10.6 Dried Meat
    11.10.7 Others
   11.11 Basis Point Share (BPS) Analysis By Product Types
   11.12 Absolute $ Opportunity Assessment By Product Types
   11.13 Market Attractiveness Analysis By Product Types
   11.14 North America Processed Meat Market Size Forecast By Storage Type
      11.14.1 Chilled
      11.14.2 Frozen
      11.14.3 Canned
   11.15 Basis Point Share (BPS) Analysis By Storage Type
   11.16 Absolute $ Opportunity Assessment By Storage Type
   11.17 Market Attractiveness Analysis By Storage Type
   11.18 North America Processed Meat Market Size Forecast By Distribution
      11.18.1 Institutional Sales (HoReCa) Retail Sales
      11.18.2 Supermarkets and Hypermarkets
      11.18.3 Grocery Stores
      11.18.4 Specialty Retailers
      11.18.5 Online Stores
   11.19 Basis Point Share (BPS) Analysis By Distribution
   11.20 Absolute $ Opportunity Assessment By Distribution
   11.21 Market Attractiveness Analysis By Distribution
Chapter 12 Europe Processed Meat Analysis and Forecast
   12.1 Introduction
   12.2 Europe Processed Meat Market Size Forecast by Country
      12.2.1 Germany
      12.2.2 France
      12.2.3 Italy
      12.2.4 U.K.
      12.2.5 Spain
      12.2.6 Russia
      12.2.7 Rest of Europe
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Europe Processed Meat Market Size Forecast By Meat Type
      12.6.1 Poultry
      12.6.2 Beef
      12.6.3 Mutton
      12.6.4 Pork
      12.6.5 Others
   12.7 Basis Point Share (BPS) Analysis By Meat Type
   12.8 Absolute $ Opportunity Assessment By Meat Type
   12.9 Market Attractiveness Analysis By Meat Type
   12.10 Europe Processed Meat Market Size Forecast By Product Types
      12.10.1 Fresh-Processed Meat
      12.10.2 Raw Fermented Meat
      12.10.3 Raw-Cooked Meat
      12.10.4 Pre-Cooked Meat
      12.10.5 Cured Meat
      12.10.6 Dried Meat
      12.10.7 Others
   12.11 Basis Point Share (BPS) Analysis By Product Types
   12.12 Absolute $ Opportunity Assessment By Product Types
   12.13 Market Attractiveness Analysis By Product Types
   12.14 Europe Processed Meat Market Size Forecast By Storage Type
      12.14.1 Chilled
      12.14.2 Frozen
      12.14.3 Canned
   12.15 Basis Point Share (BPS) Analysis By Storage Type
   12.16 Absolute $ Opportunity Assessment By Storage Type
   12.17 Market Attractiveness Analysis By Storage Type
   12.18 Europe Processed Meat Market Size Forecast By Distribution
    12.18.1 Institutional Sales (HoReCa) Retail Sales
      12.18.2 Supermarkets and Hypermarkets
      12.18.3 Grocery Stores
      12.18.4 Specialty Retailers
      12.18.5 Online Stores
   12.19 Basis Point Share (BPS) Analysis By Distribution
   12.20 Absolute $ Opportunity Assessment By Distribution
   12.21 Market Attractiveness Analysis By Distribution
Chapter 13 Asia Pacific Processed Meat Analysis and Forecast
   13.1 Introduction
   13.2 Asia Pacific Processed Meat Market Size Forecast by Country
      13.2.1 China
      13.2.2 Japan
      13.2.3 South Korea
      13.2.4 India
      13.2.5 Australia
      13.2.6 South East Asia (SEA)
      13.2.7 Rest of Asia Pacific (APAC)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Asia Pacific Processed Meat Market Size Forecast By Meat Type
      13.6.1 Poultry
      13.6.2 Beef
      13.6.3 Mutton
      13.6.4 Pork
      13.6.5 Others
   13.7 Basis Point Share (BPS) Analysis By Meat Type
   13.8 Absolute $ Opportunity Assessment By Meat Type
   13.9 Market Attractiveness Analysis By Meat Type
   13.10 Asia Pacific Processed Meat Market Size Forecast By Product Types
      13.10.1 Fresh-Processed Meat
      13.10.2 Raw Fermented Meat
      13.10.3 Raw-Cooked Meat
      13.10.4 Pre-Cooked Meat
      13.10.5 Cured Meat
      13.10.6 Dried Meat
      13.10.7 Others
   13.11 Basis Point Share (BPS) Analysis By Product Types
   13.12 Absolute $ Opportunity Assessment By Product Types
   13.13 Market Attractiveness Analysis By Product Types
   13.14 Asia Pacific Processed Meat Market Size Forecast By Storage Type
      13.14.1 Chilled
      13.14.2 Frozen
      13.14.3 Canned
   13.15 Basis Point Share (BPS) Analysis By Storage Type
   13.16 Absolute $ Opportunity Assessment By Storage Type
   13.17 Market Attractiveness Analysis By Storage Type
   13.18 Asia Pacific Processed Meat Market Size Forecast By Distribution
      13.18.1 Institutional Sales (HoReCa) Retail Sales
      13.18.2 Supermarkets and Hypermarkets
      13.18.3 Grocery Stores
      13.18.4 Specialty Retailers
      13.18.5 Online Stores
   13.19 Basis Point Share (BPS) Analysis By Distribution
   13.20 Absolute $ Opportunity Assessment By Distribution
   13.21 Market Attractiveness Analysis By Distribution
Chapter 14 Latin America Processed Meat Analysis and Forecast
   14.1 Introduction
   14.2 Latin America Processed Meat Market Size Forecast by Country
      14.2.1 Brazil
      14.2.2 Mexico
      14.2.3 Rest of Latin America (LATAM)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Latin America Processed Meat Market Size Forecast By Meat Type
      14.6.1 Poultry
      14.6.2 Beef
      14.6.3 Mutton
      14.6.4 Pork
     14.6.5 Others
   14.7 Basis Point Share (BPS) Analysis By Meat Type
   14.8 Absolute $ Opportunity Assessment By Meat Type
   14.9 Market Attractiveness Analysis By Meat Type
   14.10 Latin America Processed Meat Market Size Forecast By Product Types
    14.10.1 Fresh-Processed Meat
      14.10.2 Raw Fermented Meat
      14.10.3 Raw-Cooked Meat
      14.10.4 Pre-Cooked Meat
      14.10.5 Cured Meat
      14.10.6 Dried Meat
      14.10.7 Others
   14.11 Basis Point Share (BPS) Analysis By Product Types
   14.12 Absolute $ Opportunity Assessment By Product Types
   14.13 Market Attractiveness Analysis By Product Types
   14.14 Latin America Processed Meat Market Size Forecast By Storage Type
      14.14.1 Chilled
      14.14.2 Frozen
      14.14.3 Canned
   14.15 Basis Point Share (BPS) Analysis By Storage Type
   14.16 Absolute $ Opportunity Assessment By Storage Type
   14.17 Market Attractiveness Analysis By Storage Type
   14.18 Latin America Processed Meat Market Size Forecast By Distribution
      14.18.1 Institutional Sales (HoReCa) Retail Sales
      14.18.2 Supermarkets and Hypermarkets
      14.18.3 Grocery Stores
      14.18.4 Specialty Retailers
      14.18.5 Online Stores
   14.19 Basis Point Share (BPS) Analysis By Distribution
   14.20 Absolute $ Opportunity Assessment By Distribution
   14.21 Market Attractiveness Analysis By Distribution
Chapter 15 Middle East & Africa (MEA) Processed Meat Analysis and Forecast
   15.1 Introduction
   15.2 Middle East & Africa (MEA) Processed Meat Market Size Forecast by Country
      15.2.1 Saudi Arabia
      15.2.2 South Africa
      15.2.3 UAE
      15.2.4 Rest of Middle East & Africa (MEA)
   15.3 Basis Point Share (BPS) Analysis by Country
   15.4 Absolute $ Opportunity Assessment by Country
   15.5 Market Attractiveness Analysis by Country
   15.6 Middle East & Africa (MEA) Processed Meat Market Size Forecast By Meat Type
      15.6.1 Poultry
      15.6.2 Beef
      15.6.3 Mutton
      15.6.4 Pork
      15.6.5 Others
   15.7 Basis Point Share (BPS) Analysis By Meat Type
   15.8 Absolute $ Opportunity Assessment By Meat Type
   15.9 Market Attractiveness Analysis By Meat Type
   15.10 Middle East & Africa (MEA) Processed Meat Market Size Forecast By Product Types
      15.10.1 Fresh-Processed Meat
      15.10.2 Raw Fermented Meat
      15.10.3 Raw-Cooked Meat
      15.10.4 Pre-Cooked Meat
      15.10.5 Cured Meat
      15.10.6 Dried Meat
      15.10.7 Others
   15.11 Basis Point Share (BPS) Analysis By Product Types
   15.12 Absolute $ Opportunity Assessment By Product Types
   15.13 Market Attractiveness Analysis By Product Types
   15.14 Middle East & Africa (MEA) Processed Meat Market Size Forecast By Storage Type
      15.14.1 Chilled
      15.14.2 Frozen
      15.14.3 Canned
   15.15 Basis Point Share (BPS) Analysis By Storage Type
   15.16 Absolute $ Opportunity Assessment By Storage Type
   15.17 Market Attractiveness Analysis By Storage Type
   15.18 Middle East & Africa (MEA) Processed Meat Market Size Forecast By Distribution
      15.18.1 Institutional Sales (HoReCa) Retail Sales
      15.18.2 Supermarkets and Hypermarkets
      15.18.3 Grocery Stores
      15.18.4 Specialty Retailers
      15.18.5 Online Stores
   15.19 Basis Point Share (BPS) Analysis By Distribution
   15.20 Absolute $ Opportunity Assessment By Distribution
   15.21 Market Attractiveness Analysis By Distribution
Chapter 16 Competition Landscape
   16.1 Processed Meat Market: Competitive Dashboard
   16.2 Global Processed Meat Market: Market Share Analysis, 2020
   16.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      16.3.1 BRF Global
      16.3.2 Cargill Inc.
      16.3.3 Foster Farms
      16.3.4 Hormel Foods Corporation
      16.3.5 JBS SA
      16.3.6 Perdue Farms
      16.3.7 Pilgrim's
      16.3.8 Sadia
      16.3.9 Sanderson Farms Inc.

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