Europe Processed Meat Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Europe's Processed Meat Market is Segmented by Type (Poultry, Beef, Pork, Mutton, and Other Types), Product Type (Chilled Processed Meat and Frozen Processed Meat), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Other Distribution Channels), and Geography (Germany, United Kingdom, Italy, Spain, France, Russia, and Rest of Europe). The Report Offers Market Size and Forecasts in Value (USD Million) for all the Above Segments.

Europe Processed Meat Market Size

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Europe Processed Meat Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 38.36 Billion
Market Size (2029) USD 40.83 Billion
CAGR (2024 - 2029) 1.26 %
Market Concentration High

Major Players

Europe Processed Meat Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Processed Meat Market Analysis

The Europe Processed Meat Market size is estimated at USD 38.36 billion in 2024, and is expected to reach USD 40.83 billion by 2029, growing at a CAGR of 1.26% during the forecast period (2024-2029).

The processed meat industry has been affected by the COVID-19 pandemic. Multiple outbreaks have occurred in the factories operated by the meatpacking and poultry processing industries. These outbreaks affected dozens of plants, leading to the closures of some factories and the disruption of others, and posed a significant threat to the meat supply. However, consumers tend to prefer processed meat due to its health benefits, and the supply of processed meat through online channels has boosted the market.

Processed minced beef has increased its share of the total beef volume sold, probably due to its lower price and versatility in contemporary dishes. The increasing popularity of cooking sauces, especially pasta sauces, is a major reason for the increase in mince's share of beef sales. Factors like changing lifestyles, demand for convenience food, and an increase in disposable income are contributing to the growth of the processed meat market in Europe. Consumers increasingly demand ready-to-eat and ready-to-cook meat products with better taste and quality. Increasing consumer awareness and acceptance of the convenience of meat products is an important factor driving the market's growth. For instance, in 2021, JBS, the largest global protein company and the world's second-largest food industry, acquired control of Spanish company BioTech Foods and built a new plant in Spain to scale up production.

The increasing awareness about the risks associated with using nitrate for curing purposes in processed meat has encouraged manufacturers to replace nitrate with other curing agents, like celery powder, to achieve the same effect. Such factors are boosting the demand for nitrite-free processed meat products, such as bacon products, in European countries and providing a great platform for the players to meet the growing demand by launching guilt-free bacon (nitrite-free bacon) through various retail channels.

Europe Processed Meat Market Trends

Premiumization Driving Demand

Eating habits and lifestyles have changed dramatically in the last few decades, resulting in high demand for processed foods worldwide. Globalization and the growing popularity of various cuisines have increased the consumption of various types of meat. Changing consumer preferences, high availability of processed foods, hectic lifestyles, a growing working women population, rising per capita disposable income, advancements in freezing technology, and an increase in demand for fresh meat from a health-conscious population are key factors expected to drive the demand for processed meat in Europe at present and over the forecast period. The sector is also expected to be driven by product premiumization, where meat consumption remains a popular inclusion across different palates.

For instance, according to the World Bank, in 2021, women constituted 46.4% of the working population in Europe. However, the less but better concept is likely to gain momentum shortly, where the quality over quantity mindsets are prevalent in the market. The approach is particularly strong among health-conscious and flexitarian consumers, where the success of premium processed meat products is anticipated to scale up amid the meat reduction trends in the region. The growing preference for premium processed brands, especially through online retail channels, is one of those key factors driving the market.

Europe Processed Meat Market:  Market Share % of Processed Meat Sales,  by Distribution Channel, Spain 2021

Russia's Stronghold Position in the Processed Meat Consumption

With the growing working population, increasing disposable income, and rapid urbanization, the preference for ready-to-eat food products is rising, which may boost the market's growth in the future. Besides, the growing consumer preference toward convenience food, as it requires lesser time and effort for cooking, is a significant factor contributing to the market's growth. These foods can be stored for a longer duration than the traditional ones, due to which a large number of consumers are opting for them. In addition, these products offer numerous benefits, such as ease of availability, longer storage duration, and reasonable price, thus driving the processed meat market in Russia.

Freezing at optimal temperature suspends microbial and fungal activity in the meat, making it ideal for imports and exports. Owing to this factor, manufacturers have refined preparation, storage, and reheating techniques to create healthy, flavorful, gourmet-quality poultry meat. Many poultry producers have switched their chicken meat production lines from frozen to chilled products for higher profit margins. They are higher partly because chilling saves freezing and cold storage charges, thus driving the market for chilled poultry. Driven by the dynamic food industry in Russia, which is assertive and balanced, while developing new products that address the demands of the domestic and export markets, the processed meat market in Russia is expected to witness significant growth. On a comparative note, Russia still has the lowest prices by EU-28, where overall, Russians spend less than 12% of their income on food and beverages. On the other hand, the same set of consumers eats approximately 17.2 kg of processed meat annually, one of the highest in the European region.

Processed Meat Market: Production volume in Russia in 2021, by selected category (in 1,000 metric tons)

Europe Processed Meat Industry Overview

The European processed meat market is highly competitive, and some of the key players include BRF SA, Cargill Inc., Cherkizovo Group, Foster Farms, Marfrig Group, Nippon Meat Packers Inc., and Tyson Foods Inc. Thus, the major players are embarking on product development as one of their key strategies to achieve consolidation and optimize their offerings. Players are increasing their regional presence through acquisitions and expanding their capacities. Technological inputs have been at the forefront, leading many regional players to improvize and advance in this competitive industry. For instance, in Russia, the Cherkizovo Group launched a robotized dry sausage plant near Kashira.

Europe Processed Meat Market Leaders

  1. Tyson Foods

  2. JBS SA

  3. Marfrig Global Foods SA

  4. WH Group Limited

  5. Cherkizovo Foods

*Disclaimer: Major Players sorted in no particular order

Europe Processed Meat Market Concentration
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Europe Processed Meat Market News

  • In January 2022, Russian meat producer Cherkizovo Group acquired Tambov Turkey, the second-largest turkey producer in Russia. The key strategy behind the acquisition is to maintain dominance over other players in the market.
  • In November 2021, JBS Foods announced bringing cultivated meat to the market till 2024. The company is launching this product with BioTech Foods, which may help the company attract more customers and widen its product portfolio.
  • In 2021, WH Group completed the acquisition of Central European Packaged Meats Company Mecom Group. It became an indirect wholly-owned subsidiary of the company upon this completion.

Europe Processed Meat Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Meat Type

      1. 5.1.1 Polutry

      2. 5.1.2 Beef

      3. 5.1.3 Pork

      4. 5.1.4 Mutton

      5. 5.1.5 Other Types

    2. 5.2 By Product Type

      1. 5.2.1 Chilled Processed Meat

      2. 5.2.2 Frozen Processed Meat

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarkerts/Hypermarkets

      2. 5.3.2 Convencience Stores

      3. 5.3.3 Online Retail Stores

      4. 5.3.4 Other Distribution Channels

    4. 5.4 By Geography

      1. 5.4.1 Germany

      2. 5.4.2 United Kingdom

      3. 5.4.3 Italy

      4. 5.4.4 Spain

      5. 5.4.5 France

      6. 5.4.6 Russia

      7. 5.4.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Tyson Foods

      2. 6.3.2 Cherkizovo Foods

      3. 6.3.3 JBS SA

      4. 6.3.4 Marfrig Global Foods SA

      5. 6.3.5 WH Group Limited

      6. 6.3.6 Seaboard Corporation

      7. 6.3.7 Biegi Foods GmbH

      8. 6.3.8 Westaways Sausage

      9. 6.3.9 Cargill Inc.

      10. 6.3.10 LDC

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Processed Meat Industry Segmentation

Processed meat is considered to be any meat that has been modified to either improve its taste or extend its shelf life. Meat processing methods include salting, curing, fermentation, smoking, and adding chemical preservatives.

Europe's processed meat market is segmented by type into poultry, beef, pork, mutton, and other types, by product type into chilled processed meat and frozen processed meat, and by distribution channel into supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. The market is segmented by geography into Germany, the United Kingdom, Italy, Spain, France, Russia, and the Rest of Europe. For each segment, the market sizing and forecasts have been done based on value (in USD million).

By Meat Type
Polutry
Beef
Pork
Mutton
Other Types
By Product Type
Chilled Processed Meat
Frozen Processed Meat
By Distribution Channel
Supermarkerts/Hypermarkets
Convencience Stores
Online Retail Stores
Other Distribution Channels
By Geography
Germany
United Kingdom
Italy
Spain
France
Russia
Rest of Europe
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Europe Processed Meat Market Research FAQs

The Europe Processed Meat Market size is expected to reach USD 38.36 billion in 2024 and grow at a CAGR of 1.26% to reach USD 40.83 billion by 2029.

In 2024, the Europe Processed Meat Market size is expected to reach USD 38.36 billion.

Tyson Foods, JBS SA, Marfrig Global Foods SA, WH Group Limited and Cherkizovo Foods are the major companies operating in the Europe Processed Meat Market.

In 2023, the Europe Processed Meat Market size was estimated at USD 37.88 billion. The report covers the Europe Processed Meat Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Processed Meat Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Europe Processed Meat Industry Report

Statistics for the 2024 Europe Processed Meat market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Processed Meat analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Europe Processed Meat Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)