Fatpos Global has released a report titled “Processed Meat Market - Analysis of Market Size, Share & Trends for 2021 – 2022 and Forecasts to 2032” which is anticipated to reach USD 984.9 billion by 2032. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 5.6% between 2022 and 2032. According to the market research study, growing demand for convenience foods owing to the hectic schedules of people, urbanization, changing lifestyle, rising demand of organic processed meat and adoption of new production technologies are the main factors driving the growth of Processed Meat market.
“Growing popularity of flavored meat products and emergence of food giants have induced the demand of processed meat. Rising consumption of convenience food by young and working population and growing demand of organic processed meat will propel the growth of Processed Meat Market.”, said a lead analyst at Fatpos Global.
Processed Meat is meat that has been modified by salting, fermentation, curing, smoking, or canning in order to increase its shelf life or enhance its taste. Beef, poultry meat, pork, and fish are most commonly used for the production of processed meat. Sausages, bacon, salami, jerky, ham, hot dogs, and chicken nuggets are some of the processed meat products. Processed meat can be organic or conventional in nature. Processed meat is used widely for both household and commercial purposes. It is widely available at specialty stores, supermarkets/hypermarkets, online stores and convenience stores.
Processed Meat market is classified on the basis of type into Frozen Meat, Chilled Meat, Canned Meat, and Others. Frozen Meat segment is dominating the market with the largest market share. Frozen Meat is easy to store and transport, therefore is widely used by various food chains for food preparations. It has longer shelf life than fresh meat and is very popular among young population as it is easily available.
Some of the key players operating in the Processed Meat Market are Cargill Incorporated, Tyson Foods, Inc., Smithfield Foods, Inc., Groupe Bigard, Hormel Foods Corporation, Gausepohl Fleisch Deutschland GmbH, NH Foods Ltd., Tönnies Group, Charoen Pokphand Foods PCL., JBS Foods, Gruppo Veronesi, OSI Group, Perdue Farms Inc., Koch Foods, Sanderson Farms, and Other Prominent Players.
In the latest market study conducted by Fatpos Global thrives to present an unbiased analysis of the Processed Meat Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2022-2032. The study includes compelling insights into growth that is witnessed in the market. Processed Meat market is classified on the basis of type into Frozen Meat, Chilled Meat, Canned Meat, and Others. Processed Meat market is classified on the basis of product type into Beef, Pork, Poultry, and Others. Processed Meat market is classified on the basis of distribution channel into Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.
About Fatpos Global
Fatpos Global is a leading management consulting, advisory and market research organization that serves its clients globally by its team of experts and industry veterans that have years of expertise for management consulting, advisory and market research analysis. The organization functions across business consulting, strategy consulting, market research, operations consulting, financial advisory, human resources, risk & compliance, environmental consulting, software consulting and sales consulting amongst others, and aims to aid businesses with bold decisions that help them embrace change for their sustainable growth.
For more details, reach out to us@ info@fatposglobal.com
Get in touch today to find out about how Evalueserve can help you mprove your processes, making you better, faster and more efficient.
