Industry Background:
The adoption of a fast-paced life has initiated a new trend of fast food consumption. Longer working hours leave limited time for young adults to have a home-cooked meal. Processed meat refers to meat which is enriched with various additives/preservatives such as salts, acidifiers, minerals, and other seasoning & flavoring agents. Meat is chiefly processed to improve its quality, preserve it from decay, and to add flavors to its original composition. furthermore growth in the retail market and greater purchasing power of consumers in emerging countries are driving the growth of the processed meat market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | BRF SA (Brazil), Conagra Brands Inc. (United States), Tyson Foods Inc. (United States), Cherkizovo Group (Russia), Foster Farms (United States), Hormel Foods (United States), Koch Foods (United States), Marfrig Group (Brazil) and National Beef Packing Company LLC (United States) |
This growth is primarily driven by Increasing Per Capita Consumption of Red Meat and High Adoption of Ready-to-Eat and Ready-to-Cook Meat Products.
Globally, a noticeable market trend is evident The Increasing Consumption of Meat across the World
The Catalog Retail sector in the North America 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 BRF SA (Brazil), Conagra Brands Inc. (United States), Tyson Foods Inc. (United States), Cherkizovo Group (Russia), Foster Farms (United States), Hormel Foods (United States), Koch Foods (United States), Marfrig Group (Brazil) and National Beef Packing Company LLC (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. Global processed meat market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Key Developments in the Market:
In August 2018, Tyson Food Inc,. announced that they have acquired Keystone Foods business, a major supplier to global food industry. This acquisition will help the company to expand their presence in the market and provide more innovative products to their customers. Six processing plants in Georgia, North Carolina, Wisconsin, Pennysylvania, Kentucky, Alabama and Wisconsin are part of this acquisition
Conagra Brands, Inc. has been recognized as one of The Civic 50, which honors the country's 50 most philanthropic businesses
Influencing Trend:
The Increasing Consumption of Meat across the World and High Adoption for the Packaged Food due to Increasing Number of the Working Women's
Market Growth Drivers:
Increasing Per Capita Consumption of Red Meat and High Adoption of Ready-to-Eat and Ready-to-Cook Meat Products
Challenges:
The Stringent government regulation Associated with Food Products
Restraints:
The Increase in Obesity and Diabetics Concern due to High Intake of Processed Meat Products
Opportunities:
The Increasing Food Industry across the Developed and Developing Countries and Technological Advancement in the Processing Technology
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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Processed Meat Market
- Analysis about New Entrants in Processed Meat Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Processed Meat Study Sheds Light on
The Processed Meat Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Processed Meat industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Processed 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.