Sales Of Processed Meat Are Projected To Further Increase At A Significant CAGR Of Around 4.6% Over The Forecast Period Of 2022 To 2032

The processed meat market will envisage a moderate 2.2% volume y-o-y growth in 2018 over 2017, opines a recent market study published by Fact.MR. The study finds that steadily growing meat industry and increasing growth of the food processing industry is majorly contributing to the growth of the processed food market.

The report finds that despite their preference for fresh food products, consumers are looking for convenience as it is becoming challenging for them to prepare elaborative meals at home due to the fast-paced lifestyle the lead. Growing meat production, increasing demand for affordable animal protein, and preference for convenience is expected to provide an impetus to growth of the processed meat market. However, demand is likely to witness moderate growth, as growing vegan trend and growing colorectal cancer concerns stall consumption.

Pork and Poultry, Together Account for over 3/4^th Share in Processed Meat Market

The Fact.MR study finds that, poultry and pork are the top-selling processed meat products globally. Sufficient poultry supplies at relatively low prices and a significant rise in per-capita pork consumption in emerging nations, especially in China, is fueling demand for processed pork and poultry, which is influencing processed meat manufacturers’ leading strategies.

According to a report published by the United States Department of Agriculture (USDA), pork and chicken exports are likely to increase by 3% and 4% respectively in 2019, buoyed by bolstering demand in emerging nations. Robust demand for pork and chicken is expected to drive their production across the globe to reach 114.6 million tons and 97.8 million tons by 2019, according to the USDA report.

Fact.MR finds that processed meat manufacturers are modifying their business strategies to leverage approximately 75% market share of processed poultry meat and pork in envisage incremental growth in the processed meat market in the upcoming years.

Processed Meat market: Segmentation

FactMR’s study has done the segmentation of processed meat market on the basis of base product type, form, buyer type, nature, distribution channel and across 8 regions.

Product Type

• Beef
• Pork
• Poultry Meat
• Sheep Meat

Form

• Chilled
• Frozen
• Shelf Stable

Buyer Type

• Food Processor & Manufacturers
• HoReCa Sector
• Household & Residential Buyers

Nature

• Organic
• Conventional

Distribution Channel

• Traditional Grocery stores
• Supermarket/ Hypermarket
• Internet Retailing
• Convenience Stores/ Forecourt retailers
• Discounters
• Other Sales Channel

Regions

• North America
• Latin America
• Europe
• CIS & Russia
• Japan
• APEJ
• MEA

After reading the   Processed Meat Market report, readers can:

• Understand the drivers, restraints, opportunities and trends affecting the growth of the global .
• Analyze key regions holding significant share of the total Processed Meat Market revenue.
• Study the growth outlook of the global Processed Meat Market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use on the Processed Meat Market growth.
• Investigate the recent R&D projects performed by each Processed Meat Market player.

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