Seoul, South Korea, Aug. 11, 2022 (GLOBE NEWSWIRE) — According to a recent report by Fact.MR, a provider of market research and competitive intelligence,Sale of processed meat are expected to reach a valuation of US$356.5 billion by 2031 and grow at a CAGR of around 4.6% over the next decade.
The Processed Meat segment includes all types of processed meat. The segment is divided into the sub-segments Ham & Bacon, Sausages and Cold & Roast Meat Products. This segment does not include fresh meat or meat-based pre-cooked ready meals.
Increase in disposable income is the main factors expected to boost the growth of the global processed meat market during the forecast period. Furthermore, the reduction in the time required to cook meat at home due to busy lifestyles is estimated to further complement the growth of the global processed meat market.
For critical insights on Processed Meat market, request a sample report
In the global food and beverage industry, innovation and new product creations are based on strong natural, healthy and sustainable credentials. Products made with healthy and nutritious ingredients and labeled with the assurance of minimal processing or proven health benefits from natural ingredients are more appealing to consumers, particularly in developed economies with higher incomes and aging populations.
Emerging economies such as China and India are likely to play a significant role in the global meat and poultry sector due to increasing wealth and healthy eating trends. Sold by established companies such as WH Group in China and Godrej Tyson Foods Ltd in India, packaged processed beef products are considered hygienic and of good quality. These manufacturers have gradually shifted their focus from shelf-stable processed meats to refrigerated processed meats in response to increased consumer demand for fresher and healthier processed meat products.
Increased demand for essential nutrition is driving the global market
In the context of general consumer attitudes, processed meat continues to play an essential role in consumer diets. Protein is an evolving topic in nutrition research and meat remains the most popular source of protein among consumers. Although vegetarian diets and movements receive a lot of media attention (e.g. Meatless Monday), according to a recent Fact.MR survey, only about 3% of consumers go without meat for a 14-day period. However, meat seems to be used more as an ingredient than as a main dish these days, as the proportion of meals containing meat has steadily decreased, reaching 26% in 2019.
The COVID-19 pandemic has had a negative impact on meat production and the supply chain. Hotels, restaurants and cafes play an important role in the distribution channel of the processed meat market. Most importantly, quick service restaurant chains like McDonalds, KFC, Subway and Burger King have all had to temporarily or permanently close during the COVID-19 period. Dining options for customers of these restaurant chains were limited. Cafes were completely shut down while hotels were closed due to travel restrictions. The global processed meat market suffered during the lockdown period as this key distribution channel was not operational.
learn more about it Processed Meat Market, you can get in touch with our analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=2360
Key segments covered in the Processed Meat industry survey
- By product type
- Processed Beef
- Processed Pork
- Processed Poultry Meat
- Processed Sheep Meat
- Organic processed meat
- Conventionally processed meat
- By form
- Fresh or chilled processed meat
- Frozen processed meat
- Shelf Stable Processed Meats
- After end use
- Processed meat for the food industry
- Processed meat for gastronomy
- Retailing of processed meat
- Traditional grocery stores
- convenience stores
- online retail stores
Who wins in this area?
Consumer preference for organic food products is expected to increase significantly in the coming years. Producers and retailers of processed meat adapt their product offerings to consumer demand. Due to high profit margins and consumer demand for natural products, more and more producers are entering the organic meat market. In the next 2 to 3 years, many companies are expected to bring organically processed meat to market.
Some of the market players featured in the report are JBA SA, Hormel Foods, Harim Co. Ltd., Tyson Foods Inc., Danish Crown A/S, Cargill Meat Solution Corp., WH Group, BRF SA, Smithfield Foods Inc., SYSCO Corp. , OSI Group, ConAgra Foods Inc. and Cherkizovo Group PJSC.
Enable customization Processed Meat market Report for specific research solutions
Key players in the Processed Meat market
- JBA SA
- Hormel food
- Harim Co Ltd
- Tyson Foods Inc.
- Danish Krone A/S
- Cargill Meat Solutions Corp.
- WH group
- BRF SA
- Smithfield Foods, Inc.
Key takeaways from Processed Meat market survey
- The report provides a quantitative analysis of the current market trends, estimates and market size dynamics from 2020 to 2030 to identify the prevailing opportunities.
- Porter’s Five Forces Analysis highlights the potential of buyers and suppliers to empower stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
- In-depth analysis along with market size and segmentation help 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 current position of market players in the meat processing industry.
Discover fact.MR Food & Beverage Reporting
microparticulate whey protein market– The recently released Fact.MR report on the global market for Microparticulated Whey Proteins assesses that the market was worth US$302.3 million in 2021 and is expected to register appreciable growth at a CAGR of 8.3%, to reach a valuation of $670.4 million by 2031.
taste enhancer market– Flavor Enhancers Market: According to the study, the market is expected to reach $3.3 billion by 2021. In the long term, the outlook seems to remain optimistic as the industry is projected to reach $5.4 billion by the end of the valuation period 2021-2031.
Liquid Dietary Supplements Market– The global liquid dietary supplements market is projected to be valued at US$39.2 billion by the end of 2021 and is expected to grow to US$92.8 billion by the end of the forecast period 2021-2031.
snack market– According to a recently published study by Fact.MR, the global demand for snack foods is expected to grow at a CAGR of 6.5% from 2021 to 2031. By the end of the above forecast period, the market is likely to be valued at US$751 billion, with consumers trending toward organic snack consumption. By the end of 2021, snack food demand is expected to reach $400 billion.
in-flight catering market– The global inflight catering market is set to surpass around USD 7.3 billion by 2021 and is projected to reach USD 13.7 billion by 2031, growing at a CAGR of 6.5% over the forecast period 2021-2031.
Vegan Egg Market– The global vegan eggs market recorded YoY growth of 6.9% and accounted for US$1.5 billion in 2021 and is expected to register a high CAGR of 8.3% through 2031 becomes. Retail/home vegan egg sales are projected to grow 11.5% CAGR and are estimated to reach nearly $1.2 billion by 2031.
Sports Nutrition Market– Global Sports Nutrition Market report shows that in 2021, total sports nutrition sales registered a 5.3% YoY growth. Fact.MR estimates that the sports nutrition market was worth $15.8 billion in 2021 and is expected to experience a striking CAGR of 7.9% over the decade.
Tahini Market– The global tahini market will accelerate to a CAGR of 6% from 2021 to 2031. By the end of the above forecast period, tahini sales are expected to reach $3.2 billion. As of 2021, tahini sales are projected to be $1.8 billion, with the Middle East and Africa expected to account for over 4/5ths of global sales.
Lactase Enzyme Market– The global lactase enzymes market recorded a 3.7% YoY growth in 2021. The US market for lactase enzymes grew by 3.4%, allaying initial skepticism about how the market would fare during a global pandemic.
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us with their most important decisions. While our experienced consultants use the latest technologies to uncover hard-to-find insights, we believe our differentiator is the trust clients place in our expertise. Our coverage spans a wide spectrum – from Automotive & Industry 4.0 to Healthcare & Retail – and is extensive, but we make sure to analyze even the most niche categories. Our sales offices in the USA and Dublin, Ireland. Headquarters in Dubai, United Arab Emirates. Contact us with your goals and we are a competent research partner.
US sales office:
11140 Rockville Pike
Rockville, MD 20852
Email: [email protected]
Phone: +1 (628) 251-1583
Follow us: LinkedIn | Twitter