According to IMARC Group’s latest report, titled “Processed Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market reached a value of US$ 523.1 Billion in 2020.
Processed meat refers to meat products that have been altered for preservation, improving taste and flavor, preparations in culinary procedures, etc. The meat is usually processed by curing, salting, smoking, fermentation, etc., which minimizes the growth of micro-organisms.
Processed meat products include bacon, hot dogs, canned meat, sausages, salami, beef jerky, meat-based snacks, etc. They are rich in vitamins, proteins, minerals, selenium, niacin, choline, riboflavin, etc.
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The expanding food processing industry and the rising demand for animal-based products are driving the processed meat market. Furthermore, the wide availability of packaged meat products across diverse distribution channels is also catalyzing the market growth.
Additionally, changing dietary patterns and hectic working schedules of the consumers have led to the elevating demand for ready-to-eat convenience food items, including processed meat.
Moreover, the growing popularity of processed meat across cafes, hotels, quick-service restaurants, retail and convenience stores, etc., is also bolstering the global market. Moreover, several advancements in meat preservation techniques are expected to further drive the market growth in the upcoming years.
Looking forward, IMARC Group expects the market to reach a value of US$ 737.2 Billion by 2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- BRF SA
- Cargill Inc.
- Foster Farms
- Hormel Foods Corporation
- JBS SA
- Marel hf
- National Beef
- Nippon Ham Foods Ltd.
- Perdue Farms
- Pilgrim’s Pride
- Sanderson Farms Inc
- Tyson Foods.
Among these, poultry represents the most preferred meat type.
- Fresh-Processed Meat
- Raw Fermented Meat
- Raw-Cooked Meat
- Pre-Cooked Meat
- Cured Meat
- Dried Meat
At present, the frozen segment exhibits a clear dominance in the market.
- Institutional Sales (HoReCa)
- Retail Sales
- Supermarkets and Hypermarkets
- Grocery Stores
- Specialty Retailers
- Online Stores
Currently, retail sales account for the majority of the total processed meat market share.
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide.
We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations.
Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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