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.
The global Processed Meat market study presents a careful compilation of the historical, current, and future outlook of the said market as well as the factors that are responsible for such development of the market.
In an effort to provide the users of this report with a comprehensive view of the global Processed Meat market, experts have made an inclusion of a detailed discussion on and analysis of the diverse product portfolio and competitive vendor landscape of each of the leading players spread across different territories of the world.
The report study also includes both PESTEL analysis and SWOT analysis of the industry.
The report also adds an analysis of market attractiveness, in which all of the market segments have been benchmarked based on general attractiveness, their rate of growth, and size of the market.Analysts at Fact.MR have highlighted the opportunities, threats, weaknesses, and strengths of each of the players in the global Processed Meat market.
In addition to that, the study makes an emphasis on the pattern of adoption of Processed Meat product / services across various industries.
The market is expected to witness modest growth at a CAGR of nearly 4% during 2020-2030, with demand is projected to revive during the third quarter of 2020.Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=2360The Processed Meat market report highlights and analyses the following players:Tyson Foods, Inc.JBS SAWH Group LimitedHormel Food CorporationThe Processed Meat market report conducts examination of the operating pattern of each of the market players – acquisitions, launch of new product launches, collaborations, and partnerships – has been investigated into detail.The ongoing global pandemic, COVID-19, has affected the global Processed Meat market adversely.
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As per the world economic evaluate the growth rate of the past four years, market size is estimated from 521 million $ in 2013 to 552 million $ in 2016.
The prime objective of this report is to help the user understand market share distribution of the number of key players in the market included are, BioFlythec, Insagri, Meal food Europe, Thailand Unique, Kreca Into-Food BV, Nordic Insect Economy Ltd., Entomo Farms Ltd., Enviro Flight, LLC, Proti-Farm, Exo Inc., EOTECH, Deli Bugs Ltd., Eat Grub Ltd.The Processed insect meat Market research report helps to understand cost-effective data in the form charts, tables, graphs, and figures which helps to analyze the market growth rate, market share, and trends.
The Processed insect meat market provides the in-depth approach towards market segments depicts the market investment areas and marketing strategies to achieve informed growth in the market like revenue, import/export data, volume delivered (in kilo tons) and the income it produces (in US$), demand and supply data (as applicable).
Additionally, the Processed insect meat business development patterns and marketing stations have been analyzed.Request for free sample report @ https://www.indexmarketsresearch.com/report/global-processed-insect-meat-market/25599/#requestforsampleThe Processed insect meat Market covers company profiling, product picture and specifications, sales, market share and contact information of various international, regional, and local vendors of the market.
The market competition is constantly growing higher with the rise in technological innovation and M activities in the industry.
