Processed Meat Market

Looking forward, IMARC Group expects the processed meat market to reach a value of US$ 737.2 Billion by 2026.

SHERIDAN, WYOMING, UNITED STATES, November 14, 2021 /EINPresswire.com/ -- According to IMARC Group’s latest report, titled “Processed Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global processed meat 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.

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
Marfrig
National Beef
Nippon Ham Foods Ltd.
Perdue Farms
Pilgrim's Pride
Sadia
Sanderson Farms Inc
Sysco
Tyson Foods.

Market Segmentation:

Breakup by Meat Type:

Poultry
Beef
Mutton
Pork
Others

Among these, poultry represents the most preferred meat type.

Breakup by Product Type:

Fresh-Processed Meat
Raw Fermented Meat
Raw-Cooked Meat
Pre-Cooked Meat
Cured Meat
Dried Meat
Others

Breakup by Processing Type:

Chilled
Frozen
Canned

At present, the frozen segment exhibits a clear dominance in the market.

Breakup by Distribution:

Institutional Sales (HoReCa)
Retail Sales
Supermarkets and Hypermarkets
Grocery Stores
Specialty Retailers
Online Stores
Others

Currently, retail sales account for the majority of the total processed meat market share.

Breakup by Region:

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
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
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.

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About Us

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.

Elena Anderson
IMARC Services Private Limited
+1 6317911145
email us here

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