The Processed Meat Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Processed Meat Global Market Report 2024, The processed meat market size has grown strongly in recent years. It will grow from $758.01 billion in 2023 to $830.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to increased urbanization, change in lifestyles, rise in demand for convenience food products, growing population, increased disposable income.
The processed meat market size is expected to see strong growth in the next few years. It will grow to $1186.25 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rising growth in the manufacturing sector, increasing consumption of packaged foods, growing working women population, increasing demand for fresh meat from the health-conscious population, increasing demand for protein-based diets. Major trends in the forecast period include advancements in freezing technology, premium and artisanal products, customization and personalization, clean label and natural ingredients, plant-based and alternative proteins.
The increasing consumption of various processed food products is expected to propel the growth of the processed meat market going forward. Food that has been frozen, canned, cooked, packaged, or modified in nutritional composition through fortification, preservation, or preparation in various ways is considered processed food. Processed meat provides several advantages, including a better taste, a lower risk of meat-borne infections, a longer shelf life, and a high degree of portability. For instance, according to the agricultural and processed food products export development authority, During the fiscal year 2020-21, India exported 774.11 Megaton (MT) of processed meat to the world, valued at 1.62 million dollars. Therefore, the increasing consumption of various processed food products drives the growth of the processed meat market.
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The processed meat market covered in this report is segmented –
1) By Product: Chilled, Frozen, Canned Or Preserved
2) By Processing: Fresh Processed Meat, Raw Cooked Meat, Precooked Meat, Raw Fermented Sausages, Cured Meat, Dried Meat, Other Processings
3) By Meat Type: Poultry, Beef, Mutton, Pork, Other Meat Types
4) By Nature: Organic, Conventional
5) By Distribution Channel: Supermarket Or Hypermarket, Grocery Stores, Specialty Retailers, Online Stores, Other Distribution Channels
Plant-based meat is a key trend gaining popularity in the processed meat market. Plant-based meats are foods made from plants that are meant to be a substitute for animal-based meats, such as sausages, steaks, burgers, fillets, bacon, nuggets, and a plethora of other variations of popular cuisines. For instance, in December 2021, ITC Limited, an India-based conglomerate company launched plant-based meat products in recognition of India's growing demand for meat alternatives and vegan meals. To begin, ITC will introduce plant-based burger patties and nuggets that taste like chicken which are the two most popular non-vegetarian frozen food groups.
The processed meat market report table of contents includes:
1. Executive Summary
2. Processed Meat Market Characteristics
3. Processed Meat Market Trends And Strategies
4. Processed Meat Market - Macro Economic Scenario
5. Global Processed Meat Market Size and Growth
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31. Global Processed Meat Market Competitive Benchmarking
32. Global Processed Meat Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Processed Meat Market
34. Processed Meat Market Future Outlook and Potential Analysis
35. Appendix
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The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues during the forecast period 2020 – 2030.
These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
However, the market is anticipated to regain traction post pandemic with safety guidelines instituted at facilities.
The market is expected to witness modest growth at a CAGR of nearly 4% during 2020-2030, with demand is projected to revive during the third quarter of 2020.Key stakeholders in the Processed Meat market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.
Many in recent months have overhauled their strategies to remain agile in the backdrop of worldwide disruptions caused by the COVID-19 pandemic.
Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=2360The study also offers scrutiny of the changing government policies amid COVID-19 disruptions.
In this report, our team offers a comprehensive analysis of Processed Poultry Meat market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-processed-poultry-meat-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• BRF S.A. (Brazil)• Bayle S.A. (France)• CTB Inc. (U.S.)• Cargill Incorporated (U.S.)• Cherkizovo Group (Russia)• Hormel Foods Corporation (U.S.)• JBS S.A. (Brazil)• John Bean Technologies Corporation (U.S.)• Marfrig Global Foods S.A. (Brazil)• Nippon Meat Packers Inc. (Japan)• Pilgrim'S Pride Corp. (U.S.)• Sanderson Farms Incorporated (U.S.)• Smithfield Foods Inc. (U.S.)• Sysco Corp. (U.S.)• Tyson Foods Inc. (U.S.) On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• Raw Fermented Sausages• Fresh Processed• Raw Cooked• Cured• Dried• Pre-Cooked• Other Product Types By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Retail• Food Service By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-processed-poultry-meat-market-2020-2026 Table of Contents Global Processed Poultry Meat Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Raw Fermented Sausages1.3.2 Fresh Processed1.3.3 Raw Cooked1.3.4 Cured1.3.5 Dried1.3.6 Pre-Cooked1.3.7 Other Product Types1.4 Application Overview1.4.1 Retail1.4.2 Food Service1.5 Industrial Chain1.5.1 Processed Poultry Meat Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Raw Fermented Sausages2.1.2 Fresh Processed2.1.3 Raw Cooked2.1.4 Cured2.1.5 Dried2.1.6 Pre-Cooked2.1.7 Other Product Types2.2 The Overall Market Performance(Value)2.2.1 Raw Fermented Sausages2.2.2 Fresh Processed2.2.3 Raw Cooked2.2.4 Cured2.2.5 Dried2.2.6 Pre-Cooked2.2.7 Other Product Types 3 Global Processed Poultry Meat Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Retail3.3 Food Service Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/food-and-Beverages About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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