Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The growing demand for ready-to-eat products around the world is driving the market. This is facilitated by the increasing per capita income and changing people's dietary behaviours. Working professionals' busy schedules and hectic lifestyles have also boosted the sale of processed meat products. Aside from that, there has been a huge increase in consumer demand for animal-based proteins. This can be linked to consumers' rising awareness of the benefits of consuming nutrient-dense packaged products. The increased popularity of international cuisines is also driving the industry. The increased convenience of these products provide significant expansion in the food processing industry, thereby aiding the adoption of processed meat. The rapid rise of online and organised retail across the globe is supporting the market expansion. In addition, a range of quick-service restaurant (QSR) chains, restaurants, hotels, various retail, and convenience stores, provide a variety of goods with processed meat as the primary ingredient. Advancements in meat preservation techniques and a growing taste for frozen meat products are some of the major reasons driving market expansion.
Multiple industry companies are seeking mergers and acquisitions as a significant business strategy to increase their production capacity. For example, in 2018, Tyson Foods, Inc. (NYSE: TSN), an American food service company, bought Marfrig Global Foods' Keystone Foods division, advancing its growth strategy and expanding its value-added protein capabilities. This purchase included six processing plants and an innovation centre in the United States and eight factories and three innovation centres spread around the Asia Pacific. The company was able to extend its international presence and provide better service to its food service customers as a result of this business move.
Market Analysis by Meat Type, Product Type, Applications, Distribution Channels, and Regions:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global processed meat industry are American Foods Group LLC, Cargill, Inc, Hormel Foods Corporation, JBS USA Food Company Holdings, Koch Foods, OSI Industries, LLC, Perdue Farms, Inc, Smithfield Foods, Inc., Tyson Foods, Inc., and Swiss Meat and Sausage Co., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.