Global Processed Meat Market to be Driven by Increase in Consumption of Ready-to-Eat Food in the Forecast Period of 2022-2027

[Market News]

The new report by Expert Market Research titled, ‘Global Processed Meat Market Report and Forecast 2022-2027’, gives an in-depth analysis of the Global Processed Meat Market, assessing the market based on its segments like meat type, product type, application, distribution channel, and region. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Historical Market Size (2021): USD 320.2 Million
Forecast CAGR (2022-2027): 4.9%
Forecast Market Size (2027): USD 427.5 Million
Market Overview (2017-2027)

Because of dual-income households and busy lives, increased consumer demand for ready-to-cook and ready-to-eat meals is driving processed meat industry growth. The convenience and time-saving features of ready-to-eat food are driving up demand. This is a crucial component driving the global market expansion of processed meat. Furthermore, the rapid expansion of fast-food outlets such as KFC, McDonald’s, Subway, Burger King, and Taco Bell has had a significant impact on processed meat consumption. Furthermore, the discounts and low-cost meal packages provided by these fast-food restaurants contribute significantly to market growth.

Industry Definition and Major Segments

Processed meat refers to meat products that have been altered and enhanced with several additives. Some of the most common additives are salt, sugar, oil, minerals, acidifiers, flavouring agents, preservative combinations, and other spices. Meat is treated to improve its flavour and quality, as well as to lengthen its shelf life and overall flavour.

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On the basis of meat type, the market is segmented into:

Poultry
Beef
Pork
Others
On the basis of product type, the market is divided into:

Frozen
Chilled
Canned
On the basis of application, the market is categorized as:

Commercial
Residential
On the basis of distribution channel, the market is bifurcated as:

HoReCa
Supermarkets/Hypermarkets
Convenience Stores
Independent Retailers
Others
On the basis of region, the market is segmented into:

North America
Europe
Asia
Latin America
Middle East and Africa
Market Trends

Because of dual-income households and busy lives, increased consumer demand for ready-to-cook and ready-to-eat meals is fueling the rise of the processed meat business. The convenience and time-saving characteristics of ready-to-eat food are increasing demand. This is a crucial component driving the expansion of the global processed meat market. Furthermore, the rapid expansion of fast-food outlets such as KFC, McDonald’s, Subway, Burger King, and Taco Bell has had a significant impact on processed meat consumption. Furthermore, the discounts and low-cost meal packages provided by these fast-food restaurants are a crucial element contributing to market growth.

Key Market Players

The major players in the market 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., Swiss Meat and Sausage Co., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.