South America Processed Meat Market - Growth, Trends, and Forecast (2020 - 2025)

The South America Processed Meat Market is segmented into by Meat Type into Poultry, Beef, Pork, Mutton and Other Meat Types; By Product Type into Chilled, Frozen, and Canned/Preserved; By Distribution Channel into Hypermarkets/Supermarkets, Convenience Stores, Online Retailing and Other Channels, and By Geography.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

8.8 %

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Market Overview

South America Processed Meat Market is expected to register a CAGR of 8.8%, during the forecast period of 2020 - 2025.

  • Factors such as hectic lifestyle, rapid urbanization, adoption of new lifestyle trends and food habits are projected to drive the demand for packaged, ready-to-eat, and convenience food, such as processed meat. Growth in food service and retail industry has led to increased supply of processed meat products.
  • Processed meat consumption was always high, mostly because it was always considered to be a product of convenience. Brazil is the major market in South America. Beef is the most widely consumed meat type in this region. In recent years, the exports of processed meat from Brazil have been increasing rapidly making it the world’s largest beef exporter.

Scope of the report

The South America Processed Meat Market is segmented into by meat type, product type, and application. On the basis of meat type, the market is segmented into Poultry, Beef, Pork, Mutton and Other Meat Types. O the basis of Product Type, the market is segmented into Chilled, Frozen and Canned/Preserved. On the basis of Distribution Channel, the market is segmented into Hypermarket/Supermarket, Convenience Stores, Online Retailing and Others & Geography.

By Meat Type
Poultry
Beef
Pork
Mutton
Other Meat Types
By Product Type
Chilled
Frozen
Canned/Preserved
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Online Retail Stores
Other Distribution Channels

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Key Market Trends

Beef is the Most Preferred Type of Processed Meat

Processed beef is the largest segment in processed meat industry and accounts for around 40% of the market share. The processed red meat is expected to perform well, mainly due to rising prices of other meat, as well as the strong popularity of red meat in Brazil. Cured meat is widely consumed and accounts for 65% of the market share. Also, demand for meat products has also been influenced by variety, prices and services that the food retail firms have been offering to their customers.

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Brazil Leading on the Regional Front

South American processed meat market has been geographically segmented into Brazil, Argentina, and others. Brazil took the largest market share in 2019 followed by Argentina.  Brazil’s processed beef exports increased in value (26%) in 2017, compared to the same period a year ago. Argentina lost ground in beef export due to the recent domestic policies. The promotions and discounts on processed meat in Argentina were not enough in the face of the decline in purchasing power in 2018. Chile has become the major poultry exporter in recent years with a strong domestic demand as well.

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Competitive Landscape

The key players in the South America processed meat market are focused on the expansion of the business by exporting to countries, like US, Canada, Middle-east, etc. and also extending the product line. Mergers and acquisitions of small and medium-sized manufacturers is another strategy adopted by multinational players. Some of the major players in the south america processed meat market are BRF S.A., Conagra Brands Inc., JBS S.A., Foster Farms, Hormel Foods, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 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. 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 Supermarkets/Hypermarkets

      2. 5.3.2 Convenience Stores

      3. 5.3.3 Online Retail Stores

      4. 5.3.4 Other Distribution Channels

  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 BRF S.A.

      2. 6.3.2 Conagra Brands Inc.

      3. 6.3.3 JBS S.A.

      4. 6.3.4 Foster Farms

      5. 6.3.5 Hormel Foods

      6. 6.3.6 Koch Foods

      7. 6.3.7 National Beef Packing Company LLC

      8. 6.3.8 Tyson Foods Inc.

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

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