Industry Background:
Ground meat is mincemeat which is finely chopped. It is becoming one of the highly adopted processed food. Talking about India, with the rising number of processing units across India, is becoming one of the major driving factors for ready to east market India. In India, the gross value of plant and machinery deployed in the food processing sector is expected to reach USD ~51.19 billion by the FY 2024-25. This growth is accredited to factors including the rising requirement for ready to eat food and the highly busy lifestyles of consumers.
According to AMA Research, the market for Ground Meat is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Growing Demand for Processed Food
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Weiss Brothers, Inc. (United States), Miami Beef Company, Inc. (United States), Beyond Meat (United States), Kah Meats (United States), Brandon Meats & Sausage Inc. (United States), FarmFoods (United States), D'Artagnan (United States) and JBS USA Holdings Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2024,S-based The Miami Beef Company has announced the acquisition of local peer Hofmann Sausage.Robert Young, CEO of Miami Beef, said the meat company’s aim with the move is to expand its product range through the addition of hot dogs and sausages.
In Jun 2019, Beyond Meat Inc. is leading players of plant-based meats, revealed the ground-breaking product beyond beef. With the help of these initiatives, the players are trying to become more competitive in the market and gain major market share.The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on the production technologies, efficiency enhancement, and product life. There is a various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Influencing Trend:
Rapid Adoption of Frozen Food and Technology Development in Food Processing Industry
Market Growth Drivers:
Growing Demand for Processed Food and Increase in Penetration of Organized B&M Formats Including Hypermarket, Supermarket, and Others
Challenges:
Lack of Storage Infrastructure in Under Developed Regions
Restraints:
Lack of Distribution Channels in the Developing Regions
Opportunities:
Increasing Investment in Cold Chain Infrastructure
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Ground Meat Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Ground Meat Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Ground Meat players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Ground Meat Study Sheds Light on
The Ground Meat Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ground Meat industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ground Meat industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.