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Processed Poultry Meat Market Share & Growth | Forecast 2031

Processed Poultry Meat Market

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Segments - by Product Types (Chicken, Turkey, Duck, and Others), Preservation Types (Cured and Uncured), End-users (Retail and Food Service), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Anuradha B. More

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Aman Singh

Report Description

The global processed poultry meat market was valued at USD 294.79 billion in 2022 and is estimated to reach USD 594.22 billion by 2031, expanding at a CAGR of 8.1% during the forecast period, between 2023 and 2031. Increasing demand for processed and convenience foods among consumers around the globe is driving the processed poultry meat market.

Processed poultry is less expensive than other processed meats that are available in the market, which in turn is estimated to fuel the market. Additionally, rising awareness among end-users regarding animal protein rich diet is boosting the market.

Introduction to Processed Poultry Meat:

Processed poultry meat is modified in order to improve its taste or increase its shelf life. Processing methods include salting, curing, fermentation, smoking, and addition of chemical preservatives, such as sodium nitrite. Health benefits offered by processed poultry meat are increasing its demand among consumers. Other benefits offered by processed poultry meat is that it is quite easy to make, consumes less time to prepare, and offers ample nutritional benefits. Processed poultry meat is widely available in different flavors.

Market Trends, Drivers, Restraints, and Opportunities:

Increasing awareness about the health benefits of processed foods among consumers is anticipated to drive the market.
Surging consumption of meat worldwide is expected to fuel the processed poultry meat market.
Rising obesity and obesity-related health issues caused by pork, beef, and other processed meat is encouraging people to poultry meat, which is fueling the demand for processed poultry meat market.
Growing acceptance of consumer for processed foods owing to changing lifestyle patterns and increasing disposable income of individuals are boosting the market.
Rising incidences of diseases caused by consumption of meat, such as avian disease, is projected to hamper the market.
Innovations in technology in the field of processed foods is creating opportunity for many players in the world. Strong and determined support from governments and unexpected growth of the retail sector is creating opportunities in the market.

Scope of the Report:

The report on the global processed poultry 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	Processed Poultry Meat Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016-2021
Forecast Period	2023–2031
Segmentation	Product Types (Chicken, Turkey, Duck, and Others), Preservation Types (Cured and Uncured), and End-users (Retail and Food Service)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	BRF S.A., Cargill, Incorporated, Cherkizovo Group, Hormel Foods Corporation, JBS S.A., Marfrig Global Foods S.A., Nippon Meat Packers, Inc., Sanderson Farms, Inc., Smithfield Foods, Inc., Tyson Foods, Inc., and WH Group Limited

Processed Poultry Meat Market Segment Insights:

Chicken segment held the largest share of the market

Based on product types, the processed poultry meat market is segmented into chicken, turkey, duck, and others. The chicken segment held the largest share of the market in 2021 and is anticipated to expand at a CAGR of 7.8% during the forecast period.

Chicken is the most lucrative product of the market. The low pricing of chicken increases its demand among consumers, which is expected to boost the segment during the forecast period. Low price and the nutritional benefits of chicken increases its consumption, thus fueling the market.

Uncured segment to witness a significant growth

In terms of preservation types, the processed poultry meat market is bifurcated into cured and uncured. The uncured segment accounted for a major share of the market in 2021 and is expected to dominate the market in the future. Uncured products are refrigerated or frozen products that are packed to increase its shelf life.

Cured products are more popular than uncured products; however, the consumption of uncured meat is increasing due to the rise in awareness about the product and health issues caused by uncured meat and the use of natural preservatives. These factors are projected to fuel the uncured segment.

Food service segment to grow at a rapid pace

On the basis of end-users, the market is classified as retail and food service. In 2021, the food service segment held a key share of the market and this trend is expected to continue due to the rising acceptance of processed poultry meat from food service providers owing to their long shelf life.

Consumption of processed meat as an alternative for fresh meat is rising among restaurants and fast-food providers. Consumers are adopting convenience foods into their lifestyle, which is making processed poultry meat a preferred solution for them. Above factors are anticipated to boost the growth of the market.

Asia Pacific to lead the global market in the forecast period

Based on regions, the global processed poultry meat market is fragmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is projected to account for a key share of the market during the forecast period. Increasing disposable income, changing life style, preferences for convenience and protein-rich diet are fueling the market.

High preference for this meat in the food retail sector in the region is creating growth opportunities in the processed poultry meat market. In countries such as India and China, price affordability and demand for healthy foods propels the market.

Segments

The global processed poultry meat market has been segmented on the basis of

Product Types

Chicken
Turkey
Duck
Others

Preservation Types

Cured
Uncured

End-users

Retail
Food Service

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

BRF S.A.
Cargill, Incorporated
Cherkizovo Group
Hormel Foods Corporation
JBS S.A.
Marfrig Global Foods S.A.
Nippon Meat Packers, Inc.
Sanderson Farms, Inc.
Smithfield Foods, Inc.
Tyson Foods, Inc.
WH Group Limited

Competitive Landscape

Key players in the global processed poultry meat market are BRF S.A., Cargill, Incorporated, Cherkizovo Group, Hormel Foods Corporation, JBS S.A., Marfrig Global Foods S.A., Nippon Meat Packers, Inc., Sanderson Farms, Inc., Smithfield Foods, Inc., Tyson Foods, Inc., and WH Group Limited.

Key players adopt different developmental tactics to increase their profits, increase their presence globally, and remain competitive in the market. To maintain their geographical presence, major players opt for mergers & acquisitions, partnerships, and offer funding to new players.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Processed Poultry 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 Poultry 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 Poultry Meat Market - Supply Chain
  4.5. Global Processed Poultry Meat Market Forecast
     4.5.1. Processed Poultry Meat Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Processed Poultry Meat Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Processed Poultry Meat Market Absolute $ Opportunity
5. Global Processed Poultry Meat Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Processed Poultry Meat Market Size and Volume Forecast by End Users
     5.3.1. Retail
     5.3.2. Food Service
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Processed Poultry Meat Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Processed Poultry Meat Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Processed Poultry Meat Demand Share Forecast, 2019-2026
7. North America Processed Poultry 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
  7.2. North America Processed Poultry Meat Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Processed Poultry Meat Market Size and Volume Forecast by End Users
     7.4.1. Retail
     7.4.2. Food Service
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Processed Poultry Meat Demand Share Forecast, 2019-2026
8. Latin America Processed Poultry 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. Latin America Average Pricing Analysis
  8.2. Latin America Processed Poultry Meat Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Processed Poultry Meat Market Size and Volume Forecast by End Users
     8.4.1. Retail
     8.4.2. Food Service
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Processed Poultry Meat Demand Share Forecast, 2019-2026
9. Europe Processed Poultry 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. Europe Average Pricing Analysis
  9.2. Europe Processed Poultry Meat Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Processed Poultry Meat Market Size and Volume Forecast by End Users
     9.4.1. Retail
     9.4.2. Food Service
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Processed Poultry Meat Demand Share Forecast, 2019-2026
10. Asia Pacific Processed Poultry 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Processed Poultry Meat Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Processed Poultry Meat Market Size and Volume Forecast by End Users
     10.4.1. Retail
     10.4.2. Food Service
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Processed Poultry Meat Demand Share Forecast, 2019-2026
11. Middle East & Africa Processed Poultry Meat Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Processed Poultry Meat Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Processed Poultry Meat Market Size and Volume Forecast by End Users
     11.4.1. Retail
     11.4.2. Food Service
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Processed Poultry Meat Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Processed Poultry Meat Market: Market Share Analysis
  12.2. Processed Poultry Meat Distributors and Customers
  12.3. Processed Poultry Meat Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. BRF S.A.
     12.4.2. Cargill, Incorporated,
     12.4.3. Cherkizovo Group
     12.4.4. Hormel Foods Corporation
     12.4.5. JBS S.A.
     12.4.6. Marfrig Global Foods S.A
     12.4.7. Nippon Meat Packers, Inc.
     12.4.8. Sanderson Farms, Inc.
     12.4.9. Smithfield Foods, Inc.
     12.4.10. Tyson Foods, Inc.
     12.4.11. WH Group Limited

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