Processed Meat Market Insights, Current And Future Market Trends & Forecast Till 2027
The GMI Research expects the processed meat market to expand at a significant rate. From a regional perspective, the Asia-Pacific is predicted to rise at a faster CAGR due to rapid urbanization, particularly in emerging countries. The growing emphasis of people towards healthy diet patterns is encouraging customers to take a high protein intake, which will drive the market growth.
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Processed Meat Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The emerging demand for processed and convenient food products and the drastic shift toward animal protein-rich diet patterns are the major factors contributing to the growth of the global processed poultry market size. Due to the rapid urbanization, the lifestyle of individuals has changed up to some extent. The number of working population and youth is growing, particularly in urban areas. Furthermore, there has been an upsurge in demand for processed poultry meat in emerging countries, including China and India, due to the increasing disposable income. Economies like Germany and the U.S. emphasize on bringing innovative technological advancements in the processing of processed food, thus opening new doors for the growth of the market over the coming years. Moreover, consumers are proactively searching for ready-to-eat food products convenient and need no or least cooking. All these factors will fuel the growth of the global processed poultry market during the forecast period. On the other hand, the increasing cases of diseases initiated by the consumption of meat products, including avian diseases, will hamper the market’s growth.
Product Segment Drivers
Based on the product, the market is segmented into cured and uncured. The cured segment is expected to grow at a higher CAGR over the forecast period. The cured process, such as nitrite that aids in protecting the growth of pathogenic bacteria and improves the shelf life of meat. On the other hand, the uncured processed segment is projected to rise at a faster rate in the upcoming years, owing to the rising use of natural preservations worldwide.
Processed Meat Market’s leading Manufacturers:
- BRF S.A
- Hormel Foods Corporation
- Cherkizovo Group
- Marfrig Global Foods S.A
- Nippon Meat Packers, Inc
- Tyson Foods, Inc
- Smithfield Foods, Inc.
- Sanderson Farms Incorporated
- JBS S.A.
- Cargill Incorporated
Processed Meat Market Segmentation:
Segmentation by Type:
- Chicken Meat
- Turkey Meat
- Duck Meat
- Others
Segmentation by Product:
- Chicken Meat
- Turkey Meat
- Duck Meat
- Others
Segmentation by End User:
- Retail
- Food service
Segmentation by Region:
- North America
o United States of America
o Canada
- Asia Pacific
o China
o Japan
o India
o Rest of APAC
- Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
- RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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