Europe Processed Meat Market | Growth, Trends and Forecasts (2018

Market Insights

The Europe processed meat market is expected to register a CAGR of 3.2%, during the forecast period. 2018-2023. Germany is the major market in Europe with more than 30% market share followed by France and Italy. The country is the market leader in pork production and exports and second in beef production after France. The EU accounts for 16% of the world’s meat production annually.

Market Dynamics

Processed minced beef has increased its share of the total beef volume sold, probably as a result of its lower price and of its versatility in contemporary dishes. The increasing popularity of cooking sauces, especially pasta sauces is believed to be a major reason for the increase in mince’s share of beef sales. Also, factors, like changing lifestyle, demand for convenience food and increase in disposable income are contributing to the growth of the processed meat market in Europe.

Rising cost of feed raw materials is the major restraint to Europe processed meat market. Moreover, caution from organizations, like WHO on the increased risk of getting cancer due to the consumption of processed meat is further hindering the processed meat market growth in Europe.

Branding, advertising and promotion of processed food, like beef, red meat, and others are some of the strategies being observed to grab the market. Further, the rising demand for organic livestock is an opportunity for vendors to increase their market share.

Market Segmentation

Europe processed meat market can be segmented on the basis of product type, meat type, and geography. The largest product market is cured meat with a 36% share of the total processed meat market in Europe.

In Europe, consumption of pork is reported to be the largest at 32.3 kg per capita. France has Europe’s largest population of beef cattle with 25 different breeds raised solely for the production of meat. Three-fourths of the meat produced in Netherlands is destined for exports.

Key Developments

Feb 2018- Tyson Foods Inc. is focused on innovating and brand building to keep its multiple billion-dollar brands that are already customer favorites contemporary and relevant. It is launching Egg’wiches in May, a new line of frozen breakfast sandwiches without the bread, plus new egg white scrambles to build on the success of Jimmy Dean Simple Scrambles Breakfast Cups.

Competitive Landscape

Key players of European processed meat market include BRF S.A., Cargill Inc., Cherkizovo Group, Foster Farms, Hormel Foods, Marfrig Group, National Beef, Nippon Meat Packers Inc., Perdue Farms, Pilgrim’s Pride, Sadia S.A., Sanderson Farms Inc., Shuanghui International, Smithfield Foods Inc., and Tyson Foods Inc. among others.

Reasons to Purchase this Report

Analyzing outlook of the market with the recent trends and Porter’s five forces analysis

Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come

Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market

Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years

Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet in excel

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