Market Trends of South America Processed Meat Industry
Beef is the Most Preferred Type of Processed Meat
- As lifestyles and eating habits evolve, the demand for processed meat is on the rise in the region due to its convenience and longer shelf life. Consumers in the region are attracted to beef consumption due to its nutritional content and availability. Animal proteins are an excellent source of essential amino acids responsible for muscle building and overall health. Therefore, health-conscious consumers in the region are opting for processed beef consumption.
- Moreover, the increase in disposable income has led to an increase in spending on processed and convenient food, leading to a surge in processed meat purchasing in the region. According to the National Supply Company (Portuguese: Companhia Nacional de Abastecimento (CONAB)), in 2022, meat consumption in Brazil was 19.91 million metric tons. Over the medium term, the demand for processed beef is expected to grow as the consumption of processed meat and products increases.
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Brazil Dominates the Market
- Brazil is one of the world's largest producers and exporters of beef, with a production of 10,350 thousand metric tons of beef and veal meat in 2022. Due to the country's high production levels, beef consumption in Brazil is also significant. The demand for convenience and packaged food is increasing in the country due to factors such as busy lifestyles, hectic schedules, and rapid urbanization. This has led to an increase in the demand for processed meat products, which are easy to prepare and have a longer shelf life.
- Brazil also exports processed beef to many countries, including China, India, and the United States, among others. For example, According to the Brazilian Association of Export Industries data, in 2021, Brazil exported USD 3.9 billion of beef and veal to China. The availability and product innovations in the country are expected to further boost the demand for processed beef over the medium term.
- In summary, Brazil's large production of beef and veal, coupled with the country's increasing demand for convenience and packaged food, is driving the demand for processed meat products such as processed beef. This demand is expected to continue to grow in the coming years, making Brazil a key player in the global processed meat market.
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