Reports

Global Processed Meat Market to Reach USD 427.5 Billion by 2027, Aided by the Increase in Consumption of Ready-to-Eat Food

Processed Meat Market

Global Processed Meat Market: By Meat Type: Poultry, Beef, Pork, Others; By Product Type: Frozen, Chilled, Canned; By Application: Commercial, Residential; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Processed Meat Market Outlook

The global processed meat market attained a value of more than USD 320.2 billion in 2021. The industry is further expected to grow at a CAGR of about 4.90% in the forecast period of 2023-2028 to reach a value of over USD 427.5 billion by 2027.

 

Global Processed Meat Market

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North America is Expected to Hold a Significant Share in the Global Market for Processed Meat

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.

 

Processed Meat: Market Segmentation

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.

 

Global Processed Meat Market By Segment

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By meat type, the market can be divided into:

  • Poultry
  • Beef
  • Pork
  • Others

On the basis of product type, the market can be segmented into:

  • Frozen
  • Chilled
  • Canned

Based on application, the market can be classified into:

  • Commercial
  • Residential

The market, based on distribution channels, can be divided into:

  • HoReCa
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Independent Retailers
  • Others

The EMR report looks into the regional markets for processed meat like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Processed Meat Market By Region

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Increase in Consumption of Ready-to-Eat Food is Boosting the Market Growth of Processed Meat

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.

 

Key Industry Players in the Global Processed Meat Market

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:

  • 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.
  • Swiss Meat and Sausage Co.
  • Others

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.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment- Meat Type, Product Type, Application, Distribution Channel, Region
Breakup by Meat Type Poultry, Beef, Pork, Others
Breakup by Product Type Frozen, Chilled, Canned
Breakup by Application Commercial, Residential
Breakup by Distribution Channel HoReCa, Supermarkets/Hypermarkets, Convenience Stores, Independent Retailers, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered 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., Swiss Meat and Sausage Co., Others
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Processed Meat Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Processed Meat Historical Market (2018-2022) 
    8.3    Global Processed Meat Market Forecast (2023-2028)
    8.4    Global Processed Meat Market by Meat Type
        8.4.1    Poultry
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Beef
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Pork
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Processed Meat Market by Product Type
        8.5.1    Frozen
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Chilled
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Canned
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
    8.6    Global Processed Meat Market by Application
        8.6.1    Commercial
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Residential
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
    8.7    Global Processed Meat Market by Distribution Channel
        8.7.1    HoReCa
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Supermarkets/Hypermarkets
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Convenience Stores
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Independent Retailers
            8.7.4.1    Historical Trend (2018-2022)
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Others    
    8.8    Global Processed Meat Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2022) 
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2022) 
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2022) 
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2022) 
            8.8.4.2    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2022) 
            8.8.5.2    Forecast Trend (2023-2028)
9    North America Processed Meat Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Processed Meat Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Processed Meat Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Processed Meat Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Processed Meat Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     American Foods Group LLC
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Cargill, Inc
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Hormel Foods Corporation
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    JBS USA Food Company Holdings
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Koch Foods
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6     OSI Industries, LLC
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Perdue Farms, Inc
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Smithfield Foods, Inc.
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Tyson Foods, Inc.
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Swiss Meat and Sausage Co.
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Processed Meat Market: Key Industry Highlights, 2018 and 2028
2.    Global Processed Meat Historical Market: Breakup by Meat Type (USD Billion), 2018-2022
3.    Global Processed Meat Market Forecast: Breakup by Meat Type (USD Billion), 2023-2028
4.    Global Processed Meat Historical Market: Breakup by Product Type (USD Billion), 2018-2022
5.    Global Processed Meat Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
6.    Global Processed Meat Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Processed Meat Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Processed Meat Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
9.    Global Processed Meat Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
10.    Global Processed Meat Historical Market: Breakup by Region (USD Billion), 2018-2022
11.    Global Processed Meat Market Forecast: Breakup by Region (USD Billion), 2023-2028
12.    North America Processed Meat Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    North America Processed Meat Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Europe Processed Meat Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Europe Processed Meat Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Asia Pacific Processed Meat Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Asia Pacific Processed Meat Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Latin America Processed Meat Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Latin America Processed Meat Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Middle East and Africa Processed Meat Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Middle East and Africa Processed Meat Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Global Processed Meat Market Structure

Key Questions Answered in the Report

What was the global processed meat market size in 2021?

In 2021, the global processed meat market attaind a value of more than USD 320.2 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 4.90% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach over USD 427.5 billion by 2027.

What are the major industry drivers?

The market is being driven by the innovations in processed food products, improvements in shelf life, and the growing demand from quick service restaurants.

What are the key industry trends of the global processed meat market?

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.

What are the major regional markets of processed meat, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major meat types of processed meat?

The major meat types of processed meat are poultry, beef, and pork, among others.

What are the different product types of processed meat?

The different product types of processed meat are frozen, chilled, and canned.

What are the leading applications of processed meat?

The leading applications of processed meat are commercial and residential.

What are the various distribution channels of processed meat?

The various distribution channels of processed meat are HoReCa, supermarkets/hypermarkets, convenience stores, and independent retailers, among others.

Who are the key industry players, according to the report?

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.

Analyst Review

The global processed meat market attained a value of more than USD 320.2 billion in 2021,  driven by the increase in the consumption of ready-to-eat food. Aided by the longer shelf lives of processed meat, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.90% to reach over USD 427.5 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on meat type, the market is divided into poultry, beef, and pork, among others. Based on the product type, the market is segmented into frozen, chilled, and canned. The leading applications of processed meat are commercial and residential. On the basis of distribution channels, the market can be categorised into HoReCa, supermarkets/hypermarkets, convenience stores, and independent retailers, among others. The major regional markets for processed meat are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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