Search reports.
Latin America Processed Meat Market Size | Forecast [2031]
Get free sample report Request for Customiztion Buy Now

Latin America Processed Meat Market Size | Forecast [2031]

Segments - Latin America Processed Meat Market by Product Types (Frozen, Chilled, and Canned/Preserved), Meat Types (Beef, Poultry, Mutton, Pork, and Others), Distribution Channels (Convenience Stores, Hypermarkets/Supermarkets, Online Retailing, and Others), and Region - Latin America Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

https://growthmarketreports.com/Anuradha
Author : Anuradha B. More
https://growthmarketreports.com/Vaibhav
Fact-checked by : Vaibhav Chandola
https://growthmarketreports.com/Shruti
Editor : Shruti Bhat

Upcoming | Report ID :FB-2616 | 4.7 Rating | 81 Reviews | 174 Pages | Format : PDF Excel PPT

Report Description


The Latin America Processed Meat Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 8.8% during the forecast period, 2023 – 2031. The growth of the market is attributed to rising demand for packaged, ready-to-eat, and convenience foods also growth in food service and retail industry.

Meat production and consumption continue to rise worldwide. Pork is the most popular form of meat followed by chicken and beef/buffalo. In Latin American various factors such as a fast-paced routine, growing urbanization, adoption of new lifestyle trends, and changing eating habits are expected to propel the industry forward.

Latin America Processed Meat Market Outlook

The processed meat market in the United States has been divided into Brazil, Argentina, and other countries. According to the Latin American Poultry Association (ALA), Brazil is the leading consumer and supplier of meat, in Latin America region and it continue to grow. Currently consumers are getting more aware about balance diet and healthy nutrition food product also there is a rising interest for trans- fat free food due to large population facing cardiovascular disease (CVD).

Increasing application of high-pressure processing (HPP) technology results in high-quality, long-lasting raw or cooked food, allowing export to other nations. Brazilian BRF and Chilean Productos Fernández are two firms that have employed hyperbaric HPP technology to focus on innovation, safety, and quality.
The Covid-19 pandemic affected the demand and supply of Latin America processed meat market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

  • Rising demand for healthy and high-quality protein food are projected to boost the market during the forecast period.

  • Rapid growth of the meat industry is major factor driving the market in the coming years.

  • Growing demand for fat and cholesterol free food is the major factor fueling the market.

  • Stringent guideline and regulation by food & drug administration (FDA) are projected to hamper the market growth.

  • Increasing demand for natural and additive free products is expected to create significant opportunities for the market players.

Scope of Latin America Processed Meat Market Report

The report on Latin 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

Latin America Processed Meat Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2016–2031

Segmentation

Product Types (Frozen, Chilled, and Canned/Preserved) Meat Types (Beef, Poultry, Mutton, Pork, and Others), Distribution Channels (Convenience Stores, Hypermarkets/Supermarkets, Online Retailing, and Others)

Region Scope

Latin America

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

JBS S.A.; Foster Farms; Conagra Brands Inc.; BRF S.A.

 

Latin America Market Segment Insights

The chilled segment is projected to represent a major market share

Based on product types, the Latin America processed meat market is fragmented into frozen, chilled, and canned/preserved. The chilled segment is expected to constitute a key share of the market during the forecast period due to less cooking time and optimum temperature requirement for storage of chilled meat.

Latin America Processed Meat Market Product Types

The poultry segment is expected to expand at a rapid pace

On the basis of meat types, the Latin America processed meat market is segmented into beef, poultry, mutton, pork, and others. The poultry segment is expected to account for a key share of the market in the coming years owing rising demand for protein rich products. However, the pork segment is anticipated to expand at a rapid pace during the forecast period due to rising demands for pork-based products such hams, bacon and others.

Latin America Processed Meat Market Meat Types

The hypermarkets/supermarkets segment is anticipated to expand at a rapid CAGR

In terms of distribution channels, the Latin America processed meat market is divided into convenience stores, hypermarkets/supermarkets, online retailing, and others. The hypermarkets/supermarkets segment is expected to hold a key share of the market during the forecast period owning to variety of product offering availability at promotional rate. However, the online retailing segment is anticipated to expand at a rapid pace due to growing online buyers in the region.

Segments

The Latin America processed meat market has been segmented on the basis of

Product Types

  • Frozen
  • Chilled
  • Canned/Preserved

Meat Types

  • Beef
  • Poultry
  • Mutton
  • Pork
  • Others

Distribution Channels

  • Convenience Stores
  • Hypermarkets/Supermarkets
  • Online Retailing
  • Others

Region

  • Latin America

Key Players

Competitive Landscape

Key players competing in the Latin America processed meat market include JBS S.A.; Foster Farms; Conagra Brands Inc.; BRF S.A.

Some of these players are focusing on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. 

Latin America Processed Meat Market Key Players

Frequently Asked Questions

Major companies in the market include JBS S.A., Foster Farms, Conagra Brands Inc., and BRF S.A.

Stringent guidelines and regulations by food and drug authorities, as well as increasing consumer demand for healthier and additive-free products, are some of the main challenges.

Processed meat is distributed through convenience stores, hypermarkets/supermarkets, online retailing, and other channels. Hypermarkets/supermarkets currently hold a key share, while online retailing is growing rapidly.

The chilled processed meat segment is projected to represent a major market share due to less cooking time and optimal storage requirements.

Major trends include increasing demand for healthy, high-quality protein foods, fat and cholesterol-free products, and natural or additive-free processed meats. There is also a growing application of high-pressure processing (HPP) technology for improved quality and shelf life.

The Covid-19 pandemic led to supply chain disruptions, production shutdowns, and a temporary decline in market growth. However, the launch of vaccines is expected to support market recovery and growth.

Pork is the most popular meat type, followed by chicken (poultry) and beef/buffalo. The poultry segment is expected to expand rapidly due to rising demand for protein-rich products.

Key drivers include rising demand for packaged and convenience foods, growth in the food service and retail industry, urbanization, changing eating habits, and increased demand for protein-rich and healthy food products.

Brazil is the leading consumer and supplier of processed meat in Latin America, followed by Argentina and other countries in the region.

The Latin America processed meat market is expected to grow at a CAGR of 8.8% from 2023 to 2031.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Processed Meat Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Processed Meat Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Processed Meat Market - Supply Chain
  4.5. Global Processed Meat Market Forecast
     4.5.1. Processed Meat Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Processed Meat Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Processed Meat Market Absolute $ Opportunity
5. Global Processed Meat Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Processed Meat Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Processed Meat Demand Share Forecast, 2019-2026
6. North America Processed Meat Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Processed Meat Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Processed Meat Demand Share Forecast, 2019-2026
7. Latin America Processed Meat Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Processed Meat Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Processed Meat Demand Share Forecast, 2019-2026
8. Europe Processed Meat Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Processed Meat Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Processed Meat Demand Share Forecast, 2019-2026
9. Asia Pacific Processed Meat Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Processed Meat Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Processed Meat Demand Share Forecast, 2019-2026
10. Middle East & Africa Processed Meat Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Processed Meat Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Processed Meat Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Processed Meat Market: Market Share Analysis
  11.2. Processed Meat Distributors and Customers
  11.3. Processed Meat Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. JBS S.A.
     11.4.2. Foster Farms
     11.4.3. Conagra Brands Inc.
     11.4.4. BRF S.A

Methodology

Our Clients

The John Holland Group
General Mills
sinopec
General Electric
Dassault Aviation
Nestle SA
Pfizer
Microsoft