This global Processed Meat market research report potentially provides plentiful insights and business solutions that will lend a hand to win the competition. The report supports to establish and optimize each stage in the lifecycle of industrial process that includes engagement, acquisition, retention, and monetization. All statistical and numerical information given in the report is symbolized with the help of graphs and charts which facilitates the understanding of facts and figures. Processed Meat report has most-detailed market segmentation, systematic analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets.
Global Processed Meat Market is expected to rise to an estimated value of USD 1712.33 billion by 2026, registering a healthy CAGR during the forecast period of 2019-2026. This rise in market value can be attributed to rising need of ready-to-eat and convenient food.
Market Definition: Global Processed Meat Market
Processed meats are similar to fresh meat and have been salted, cured, smoked, and fermented for preservatives. It reduces number of microorganisms and increases shelf life spam because processed meats are cooked products. Increasing consumption of meat among population is driving the demand of processed meat globally.
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As processed food is rich in protein content, people started consuming more protein in their diet which enhances the demand of this market
- Rising disposable income is also driving the growth of this market
- Lack of time to cook at home due to busy schedules is also expected to drive the market growth
- Increasing pay level of the middle class consumer will also drive the growth of this market
Segmentation: Global Processed Meat Market
By Meat Type
By Processing Technology
- Fresh Processed Meat
- Raw Cooked Meat
- Pre Cooked meat
- Raw Fermented Sausages
- Cured meat
- Dries Meat
By Product Type
By Distribution Channel
- Convenience/Departmental Store
- Specialty Store
- North America
- South America
- Middle East & Africa
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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
- In October 2016, BRF S.A., Brazilian player in the processed meat market announced its partnership with COFCO meats, a Chinese food company. This partnership will lead to expansion of its products portfolio around globe and will benefit BRF S.A. in formulating strategic plans, access local markets and strengthen BRF’s brand
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Key Market Competitors:
Few of the major competitors currently working in the global processed meat market are Cargill, Incorporated., Tyson Foods, Inc., National Foods, Hormel Foods Corporation, Smithfield Foods, Inc., Pilgrim’s, Conagra Brands, Inc., Trademark Holdings LLC, Perdue, NH Foods Ltd., BRF SA., Foster Farms., JBS, Koch Foods, Marfrig, National Beef Packing Company, LLC, Sanderson Farms, Incorporated, Danish Crown, Diamond Meat Processing LLC, Rica Cold Meats, Bemis Company, Inc., Pendale Foods, and others.
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