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

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.

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.

Market Trends, Drivers, Restraints, and Opportunities

• 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.

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.

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.

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