The Processed Meat market research report makes businesses dominant whether it is large, medium or small for existing and succeeding in the market. Not to mention all the topics have been thoroughly studied with the best tools and techniques. The Processed Meat report also provides CAGR value fluctuation during the forecast period of 2018-2025 for the market. SWOT analysis has been used throughout the report which helps emphasize on the global key manufacturers, market definition, description and analysis of the market competition landscape. The Processed Meat report holds a massive importance when it comes to market definition, classifications, applications and engagements.
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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