The processed meat industry analysis report focuses on the factors that play a role in affecting the rise and fall of the processed meat market. Information about the latest and future market trends help businesses stay ahead of their competitors.
Progressive Markets added a report Global Processed Meat Market - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025 which says that the processed meat market is likely to grow at a CAGR of 14.8% from 2017 to 2025.
Processed meats, which generally constitute pork, beef, chicken, mutton, or turkey, refer to meats modified by curing, smoking, salting, or fermentation. Curing, smoking, and salting involve the use of various preservatives such as acidifiers, salts, nitrates, nitrites, and other seasoning and flavoring agents.
Meats are processed for food safety, increasing the shelf life, and improving the taste. Examples of processed meats include ham, bacon, corned beef, sausage, salami, bologna, pastrami, beef jerky, hot dogs, and more.
Processed meats can be ready-to-cook as well as ready-to-eat. The ready-to-cook category includes breakfast sausages that comprise meat ground with spices or other ingredients.
It also includes uncooked smoked sausages that are mildly cured by adding sodium nitrite. Some examples include kielbasa and Italian pork sausage.
The ready-to-eat processed meat category include smoked sausages that are cured and cooked. Some examples include bologna, ham, and frankfurters.
The category also includes smoked sausages that are uncured but cooked with other ingredients. Other ready-to-eat processed meats are cured and fermented using seasonings, sodium nitrite, and lactic acid.
Some examples include salami, pepperoni, and cervelat.
Market Drivers and Restraints
The market for processed meat is flourishing and several factors are driving its growth. They include enhanced shelf life of processed meats, the growing demand for high-value animal protein, innovations in meat processing technology, and expansion of food service and fast food chains in Asia.
Nonetheless, rising cost of feed raw materials limits the growth of the market.
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Processed Meat Market Key Segmentation:
The segmentation of the global processed meat market has been incorporated in the study. It is based on type, product, meat type, and geography.
Based on the type, the market is classified as chilled, frozen, and canned/preserved. Based on the product, the market is divided into cured processed, uncured processed, and others.
Based on the meat type, the market is divided into poultry, pork, mutton, beef, and others. Based on geography, the market is segmented into North America, Asia-Pacific, Europe, and LAMEA.
The meat processing industry in the North-American region has been studied across the U.S., Canada, and Mexico. The processed meat industry in the Asia-Pacific region has been analyzed across China, India, Australia, Japan, and the other parts of Asia-Pacific.
The market in European region has been studied in Germany, Italy, UK, Spain, France, and the other parts of Europe. In the LAMEA region, the market has been studied across Brazil, Saudi Arabia, South Africa, and the rest of LAMEA.
Key Market Players
The top players operating in the global processed meat industry adopt strategies focused on the expansion of their businesses. The players include Cargill Inc., BRF S.A., Cherkizovo Group, Hormel Foods, Foster Farms, JBS S.A., Koch Foods, Marfrig Group, National Beef, and Nippon Meat Packers Inc.
The report provides an in-depth analysis of the global processed meat market in terms of the processed meat market size, processed meat market share analysis, market dynamics, market forecast (2017–2025), emerging market trends, market segmentation, competitive landscape, and market players. The information in the report is a result of an extensive research with inputs from industry experts.
The market size helps understand the number of potential buyers or sellers in the market. The market share analysis assists in determining how the processed meat market is performing.
The analysis has been done from 2014 to 2025 for all the segments and sub-segments in the meat processing industry.
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With the Porter's Five Forces Analysis, the report helps comprehend the competitive environment and the attractiveness of the industry. It includes the bargaining power of buyers, bargaining power of suppliers, the threat of substitutes, industry rivalry, and the threat of new entrants.
The market segmentation helps a business precisely reach a consumer with specific necessities, thereby bringing profitability and opportunities for growth. Information about the leading market players is provided in the study.
This includes their marketing strategies, recent developments, financial and business segments, and more.
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