The global processed meat market attained a value of more than USD 352.35 Billion in 2024. The industry is further expected to grow at a CAGR of about 4.90% in the forecast period of 2025-2034 to reach a value of over USD 568.50 Billion by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
4.9%
Value in USD Billion
2025-2034
Processed Meat Market Outlook
*this image is indicative*
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North America holds a considerable position in the global market for processed meat. This can be attributed to the surge in meat-based breakfast choices such as sausages and salami. In addition, with initiatives undertaken by governing agencies to help the producers and processors of red meat, primarily bacon, to innovate with their products is positively influencing the growth of the market. Further, rising urbanisation and disposable income are expected to fuel the growth of processed meat in the region in the coming years. Additionally, the market is also expanding owing to the rising imports in the region for processed meat, rising demand for low-calorie meat, and rise of research and development in the production of processed poultry and meat industry.
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Meat products that have been changed and enhanced with many additives are referred to as processed meat. Salt, sugar, oil, minerals, acidifiers, flavouring agents, preservative combinations, and other spices are some of the most often used additions. Meat is treated to improve its taste and quality, as well as to extend its shelf life and increase its overall flavour. Cooking, smoking, and fermenting the meat can also help to reduce the likelihood of undesired microbe growth on the meat product at a later date.
Breakup by Meat Type
Breakup by Product Type
Breakup by Application
Breakup by Distribution Channel
Owing to dual-income households and busy lifestyles, the rising consumer demand for ready-to-cook and ready-to-eat meals is driving the market growth of processed meat. The demand is growing on account of convenience and time-saving properties of ready-to-eat food. This is a significant factor propelling the market growth of processed meat in the global market. In addition, The rapid proliferation of fast-food restaurants like KFC, McDonald's, Subway, Burger King, and Taco Bell has had a substantial impact on processed meat consumption. Also, the discounts and low-cost meal packages given by these fast-food restaurants is a significant factor contributing to the market growth.
The market is further being led by factors such as technological innovations pertaining to improved shelf lives of frozen meat products and a rise in demand from the household and commercial sectors. Over the forecast period, rising disposable income combined with a rise in the number of working-class professionals are factors anticipated to drive growth in processed meat. In addition, the rise in consumer consciousness and adoption concerning the suitability of meat products are generating robust potential opportunities for the market growth of the processed meat in the coming years.
The report gives a detailed analysis of the following key players in the global processed meat market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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In 2024, the global processed meat market attaind a value of more than USD 352.35 Billion.
The market is projected to grow at a CAGR of 4.90% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach over USD 568.50 Billion by 2034.
The market is being driven by the innovations in processed food products, improvements in shelf life, and the growing demand from quick service restaurants.
Increase in the consumption of ready-to-eat food products and rise in working population are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major meat types of processed meat are poultry, beef, and pork, among others.
The different product types of processed meat are frozen, chilled, and canned.
The leading applications of processed meat are commercial and residential.
The various distribution channels of processed meat are HoReCa, supermarkets/hypermarkets, convenience stores, and independent retailers, among others.
The major players in the 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.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Meat Type |
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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