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Global Processed Meat Market Size, Share, Trends: By Meat Type: Poultry, Beef, Pork, Others; By Product Type: Frozen, Chilled, Canned; By Application: Commercial, Residential; By Distribution Channel: HoReCa, Supermarkets/Hypermarkets, Convenience Stores, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Processed Meat Market Outlook
The global processed meat market attained a value of more than USD 352.35 billion in 2023. The industry is further expected to grow at a CAGR of about 4.9% in the forecast period of 2024-2032 to reach a value of over USD 543.02 billion by 2032.
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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.
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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.
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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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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 |
|
| Breakup by Application |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| 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. |
*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 (2018-2023)
8.3 Global Processed Meat Market Forecast (2024-2032)
8.4 Global Processed Meat Market by Meat Type
8.4.1 Poultry
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Beef
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Pork
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Processed Meat Market by Product Type
8.5.1 Frozen
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Chilled
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Canned
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Processed Meat Market by Application
8.6.1 Commercial
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Residential
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Processed Meat Market by Distribution Channel
8.7.1 HoReCa
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Supermarkets/Hypermarkets
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Convenience Stores
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Independent Retailers
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Processed Meat Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Processed Meat Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Processed Meat Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Processed Meat Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Processed Meat Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Processed Meat Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Processed Meat Historical Market: Breakup by Meat Type (USD Billion), 2018-2023
3. Global Processed Meat Market Forecast: Breakup by Meat Type (USD Billion), 2024-2032
4. Global Processed Meat Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5. Global Processed Meat Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6. Global Processed Meat Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Processed Meat Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Processed Meat Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9. Global Processed Meat Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10. Global Processed Meat Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Processed Meat Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Processed Meat Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Processed Meat Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Processed Meat Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Processed Meat Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Processed Meat Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Processed Meat Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Processed Meat Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Processed Meat Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Processed Meat Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Processed Meat Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Processed Meat Market Structure
Key Questions Answered in the Report
In 2023, 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 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach over USD 543.02 billion by 2032.
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.
Analyst Review
The global processed meat market attained a value of more than USD 352.35 billion in 2023, 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 2024-2032, growing at a CAGR of 4.90% to reach over USD 543.02 billion by 2032.
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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