Processed Meat Market Size, Share & Growth | Forecast [2030]
Processed Meat Market Size, Share & Growth | Forecast [2030]
Segments - Global Processed Meat Market 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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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 SummaryChapter 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.
Methodology
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