Processed Meat Market | Growth | Trends

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

6.8 %

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Market Overview

The global processed meat market is projected to grow at the CAGR of 6.8% during the forecast period of 2020 to 2025.

Consumers are increasingly demanding ready-to-eat and ready-to-cook meat products with better taste and quality. The increase in consumer awareness and acceptance, regarding the convenience of meat products, is an important factor driving the growth of the market studied.
The increasing awareness about the risks associated with the use of nitrate for curing purpose in processed meat has enabled manufacturers to replace nitrate with other curing agents, like celery powder, to achieve the same effect. Such factors are registering a significant demand for nitrite-free processed meat products such as bacon products in the European countries which includes the United Kingdom, France, Spain, Germany, Russia, Switzerland, Italy, France, and others, providing great platform for the players to meet the growing demand by launching guilt-free bacon (nitrite-free bacon) through various retail channels.

Scope of the Report

The global processed meat market is studied for different types of processed meat products available in the market across the globe, primarily includes poultry, Beef, Pork, Mutton and Other Meat Types. Each of these types are available in different form such as Chilled, Frozen and Canned/Preserved. The processed meat products are actively distributed to a wide consumer base Hypermarket/Supermarket, Convenience Stores, Online Retailing and Others. The market is studied for each region with respective countries across the globe.

By Meat Type
		Poultry
		Beef
		Pork
		Mutton
		Other Meat Types

By Product Type
		Chilled
		Frozen
		Canned/Preserved

By Distribution Channel
		Hypermarket/Supermarket
		Convenience Stores
		Online Retailing
		Others

Geography

North America
	United States
	Canada
	Mexico
	Rest of North America

Europe
	United Kingdom
	Germany
	France
	Russia
	Italy
	Spain
	Rest of Europe

Asia Pacific
	India
	China
	Japan
	Australia
	Rest of Asia-Pacific

South America
	Brazil
	Argentina
	Rest of South America

Middle East & Africa
	South Africa
	Saudi Arabia
	Rest of Middle East & Africa

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Key Market Trends

Increasing Per Capita Consumption of Red Meat

Pork is one of the most commonly consumed red meat that is often consumed unprocessed. However, cured or preserved pork products are also widely consumed. These include smoked pork, ham, bacon, and sausages. Additionally, it is the third most highly meat in the United States. In 2018, the per capita consumption of pork in the United States was 23.049 kg/capita. However, China held the leading position, with 30.438 kg/capita in the same year. However, middle-income countries, particularly China and other East Asian countries, are still on the rise, in terms of meat consumption rates, while the high-income countries, such as the United States, Australia, and the United Kingdom, consume high amounts of meat. Such factors offer a projected increase in global meat consumption, including a doubling in the consumption of poultry, a 69% increase in beef, and a 42% increase in pork. The growing per capita consumption of processed meat products red meat across various countries, is driving the demand for the market significantly.

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North America Holds Significant Market Share

Consumers in North America, especially in the United States and Canada, have started opting for meat-based breakfast options, including bacon, over other breakfast options, such as pancakes, due to the changing palates and willingness to try new products. A significant percentage of the population in the United States consume bacon during breakfast time, paving the way for more foodservice outlets to introduce bacon-based breakfasts. As the meat sector is a great source of pride and prosperity to many Canadians, the government is taking initiatives to help the producers and processors of red meat mainly bacon to become more innovative and competitive in domestic and world markets. For instance, in 2016, the Governments of Canada and Manitoba invested USD 5.9 million in Maple Leaf Food’s Winnipeg-based facility to expand the bacon production by eight million kilograms every year. The strategic investment is for the purchase of new processing and packaging equipment for bacon production.

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Competitive Landscape

The global processed meat market is fragmented and comprises of regional and international competitors. The market is dominated by players, like Hormel Foods Corporation, Tyson Foods, Inc., WH Group Limited, etc. Additionally, the companies are investing in expanding their presence to reach the broader range of market supported by an increase in the demand for bacon across the country.

Major Players

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1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Market Drivers
2. 4.2 Market Restraints
3. 4.3 Porter's Five Force 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. MARKET SEGMENTATION
1. 5.1 By Meat Type
  1. 5.1.1 Poultry
  2. 5.1.2 Beef
  3. 5.1.3 Pork
  4. 5.1.4 Mutton
  5. 5.1.5 Other Meat Types
2. 5.2 By Product Type
  1. 5.2.1 Chilled
  2. 5.2.2 Frozen
  3. 5.2.3 Canned/Preserved
3. 5.3 By Distribution Channel
  1. 5.3.1 Hypermarket/Supermarket
  2. 5.3.2 Convenience Stores
  3. 5.3.3 Online Retailing
  4. 5.3.4 Others
4. 5.4 Geography
  1. 5.4.1 North America
    1. 5.4.1.1 United States
    2. 5.4.1.2 Canada
    3. 5.4.1.3 Mexico
    4. 5.4.1.4 Rest of North America
  2. 5.4.2 Europe
    1. 5.4.2.1 United Kingdom
    2. 5.4.2.2 Germany
    3. 5.4.2.3 France
    4. 5.4.2.4 Russia
    5. 5.4.2.5 Italy
    6. 5.4.2.6 Spain
    7. 5.4.2.7 Rest of Europe
  3. 5.4.3 Asia Pacific
    1. 5.4.3.1 India
    2. 5.4.3.2 China
    3. 5.4.3.3 Japan
    4. 5.4.3.4 Australia
    5. 5.4.3.5 Rest of Asia-Pacific
  4. 5.4.4 South America
    1. 5.4.4.1 Brazil
    2. 5.4.4.2 Argentina
    3. 5.4.4.3 Rest of South America
  5. 5.4.5 Middle East & Africa
    1. 5.4.5.1 South Africa
    2. 5.4.5.2 Saudi Arabia
    3. 5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Most Active Companies
2. 6.2 Most Adopted Strategies
3. 6.3 Market Share Analysis
4. 6.4 Company Profiles
  1. 6.4.1 BRF SA
  2. 6.4.2 Conagra Brands Inc.
  3. 6.4.3 Tyson Foods Inc.
  4. 6.4.4 Cherkizovo Group
  5. 6.4.5 Foster Farms
  6. 6.4.6 Hormel Foods
  7. 6.4.7 Koch Foods
  8. 6.4.8 Marfrig Group
  9. 6.4.9 National Beef Packing Company LLC
  10. 6.4.10 NH Foods Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability