The global processed meat market size was valued at $319.6 billion in 2020, and is estimated to reach $497.1 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.
Meat which is cured and preserved by smoking, salting, and adding chemicals to improve its taste and extend its shelf life is processed meat. Sausages, hot dogs, ham, pepperoni, and beef jerky are some examples of processed meat. Meat such as beef, pork, lamb, chicken, turkey is commonly used in the preparation of processed meat. Processing enhances taste and flavor of the meat and also extends the shelf life of the meat. Sodium nitrate and sodium nitrite are commonly used as preservatives in meat processing which slows down the spoilage of food by bacteria. Other processing ingredients include sodium erythorbate, natural spices, smoke flavoring, dextrose, salt, sodium phosphate, and others.
The increase in demand for ready-to-cook and ready-to-eat food products is fostering the growth of the processed meat market. The busy lifestyle of the working-class population wants to spend minimum time on cooking. This factor is playing an essential role in the processed meat market growth across the globe.
The increase in penetration of the foodservice industry, fast food chains, hotels, restaurants, and cafes has contributed significantly to the expansion of the processed meat industry. Fast food chains or quick- service restaurant chains such as KFC, Yum Brands, Burger King, Subway, McDonalds, and Pizza Hut had exponentially increased the demand for processed meat in the commercial sector. These fast-food chains are responsible for the global increase in consumption of processed meat.
The use of blockchain technology in the animal meat industry is in its early stage. The use of blockchain technology ensures transparency, traceability, efficiency, and sustainability in the animal meat industry. The awareness regarding meat quality and traceability is increasing in the meat industry and the use of blockchain technology can provide assurance related to meat quality and improve traceability., The JBS announced the ‘Together for the Amazon’ program in 2020, under which JBS would increasingly use the blockchain technology to achieve sustainability and protect the forest of Amazon.
The increase in use of smartphones, growing penetration of the internet, and expansion of e-commerce platforms are boosting the global growth of the processed meat market. Moreover, the increase in popularity of online food delivery services such as Uber Eats, Swingy, and Zomato is boosting the sales of processed meat products among the millennials.
Processed meat is carcinogenic to humans. The World Health Organization (WHO) has classified processed meat as Group 1 carcinogenic to humans. This indicates that there is compelling evidence available that the consumption of processed meat causes colorectal cancer. This is a significant element that limit the expansion of the processed meat market.
The global processed meat market is segmented by meat type, product type, application, distribution channel, and region according to the market analysis. On the basis of meat type, the market is segregated into poultry, beef, pork, and others. On the basis of product type, it is classified into frozen, chilled, and canned. On the basis of application, the market is bifurcated into commercial and residential. On the basis of distribution channel, the processed meat market is segmented into HoReCa (Hotels, Restaurants, and Cafes), supermarkets/hypermarkets, convenience stores, independent retailers, and others.
On the basis of region, the processed meat market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Russia, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Egypt, and rest of LAMEA).
Players operating in the global processed meat market have used a variety of developmental strategies to expand their market share, exploit the processed meat market opportunities, and boost market profitability. The key players profiled in this report include American Foods Group, LLC., Cargill, Incorporated, Hormel Foods Corporation, JBS S.A., Koch Foods, LLC., OSI Group, Perdue Farms, Inc., Smithfield Foods, Inc., Swiss Meat & Sausages Co., and Tyson Foods, Inc.
Meat which is cured and preserved by smoking, salting, and adding chemicals to improve its taste and extend its shelf life is processed meat. Sausages, hot dogs, ham, pepperoni, and beef jerky are some examples of processed meat. Meat such as beef, pork, lamb, chicken, turkey is commonly used in the preparation of processed meat. Processing enhances taste and flavor of the meat and also extends the shelf life of the meat. Sodium nitrate and sodium nitrite are commonly used as preservatives in meat processing which slows down the spoilage of food by bacteria. Other processing ingredients include sodium erythorbate, natural spices, smoke flavoring, dextrose, salt, sodium phosphate, and others.
The increase in demand for ready-to-cook and ready-to-eat food products is fostering the growth of the processed meat market. The busy lifestyle of the working-class population wants to spend minimum time on cooking. This factor is playing an essential role in the processed meat market growth across the globe.
The increase in penetration of the foodservice industry, fast food chains, hotels, restaurants, and cafes has contributed significantly to the expansion of the processed meat industry. Fast food chains or quick- service restaurant chains such as KFC, Yum Brands, Burger King, Subway, McDonalds, and Pizza Hut had exponentially increased the demand for processed meat in the commercial sector. These fast-food chains are responsible for the global increase in consumption of processed meat.
The use of blockchain technology in the animal meat industry is in its early stage. The use of blockchain technology ensures transparency, traceability, efficiency, and sustainability in the animal meat industry. The awareness regarding meat quality and traceability is increasing in the meat industry and the use of blockchain technology can provide assurance related to meat quality and improve traceability., The JBS announced the ‘Together for the Amazon’ program in 2020, under which JBS would increasingly use the blockchain technology to achieve sustainability and protect the forest of Amazon.
The increase in use of smartphones, growing penetration of the internet, and expansion of e-commerce platforms are boosting the global growth of the processed meat market. Moreover, the increase in popularity of online food delivery services such as Uber Eats, Swingy, and Zomato is boosting the sales of processed meat products among the millennials.
Processed meat is carcinogenic to humans. The World Health Organization (WHO) has classified processed meat as Group 1 carcinogenic to humans. This indicates that there is compelling evidence available that the consumption of processed meat causes colorectal cancer. This is a significant element that limit the expansion of the processed meat market.
The global processed meat market is segmented by meat type, product type, application, distribution channel, and region according to the market analysis. On the basis of meat type, the market is segregated into poultry, beef, pork, and others. On the basis of product type, it is classified into frozen, chilled, and canned. On the basis of application, the market is bifurcated into commercial and residential. On the basis of distribution channel, the processed meat market is segmented into HoReCa (Hotels, Restaurants, and Cafes), supermarkets/hypermarkets, convenience stores, independent retailers, and others.
On the basis of region, the processed meat market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Russia, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Egypt, and rest of LAMEA).
Players operating in the global processed meat market have used a variety of developmental strategies to expand their market share, exploit the processed meat market opportunities, and boost market profitability. The key players profiled in this report include American Foods Group, LLC., Cargill, Incorporated, Hormel Foods Corporation, JBS S.A., Koch Foods, LLC., OSI Group, Perdue Farms, Inc., Smithfield Foods, Inc., Swiss Meat & Sausages Co., and Tyson Foods, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2020 to 2030 to identify the prevailing opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis and the market size and segmentation assist to determine the prevailing market opportunities.
- The major countries in each region are mapped according to their revenue contribution to the market.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the processed meat industry.
KEY MARKET SEGMENTS
By Meat Type
- Poultry
- Beef
- Pork
- Others
By Product Type
- Frozen
- Chilled
- Canned
By Application
- Commercial
- Residential
By Distribution Channel
- HoReCa
- Supermarkets/Hypermarkets
- Convenience Stores
- Independent Retailers
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Russia
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Egypt
- Rest of LAMEA
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GLOBAL PROCESSED MEAT MARKET, BY MEAT TYPE
CHAPTER 5: GLOBAL PROCESSED MEAT MARKET, BY PRODUCT TYPE
CHAPTER 6: GLOBAL PROCESSED MEAT MARKET, BY APPLICATION
CHAPTER 7: GLOBAL PROCESSED MEAT MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 8: GLOBAL PROCESSED MEAT MARKET, BY REGION
CHAPTER 9: COMPETITION LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- American Foods Group LLC.
- Cargill Inc.rporated
- Hormel Foods Corporation
- JBS S.A.
- Koch Foods LLC.
- OSI Group
- Perdue Farms Inc.
- Smithfield Foods Inc.
- Swiss Meat & Sausages Co. and Tyson Foods Inc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 332 |
| Published | October 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 319.6 billion |
| Forecasted Market Value ( USD | $ 497.1 billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
