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Global processed meat market is widening at a crucial pace owing to increased demand of ready-to-eat food products, attributed by hectic schedule of people. Lamb, beef, and poultry are the major processed meat types that are consumed widely across the globe. Easy availability of processed meat due to broadening distribution network of processed meat is playing significant role in boosting the global processed meat market.
Several key market players operating in the global processed meat market are focusing on production of safe processed meat with longer shelf-life, along with collaborating with significant local market players. Tyson Foods, Cargill Inc., JBS, Smithfield Foods Inc., BRF S.A., are some of the major players of the global processed meat market with major market shares.
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Processed meat is modified meat that is modified to achieve a longer shelf-life and also to preserve its original taste. Meat processing involves various methods and processes, such as curing, canning, dehydrating, smoking, and freezing. Grinding equipment, dicing equipment, tenderizing equipment, cutting equipment, filling equipment, smoking equipment, and blending equipment are some of the widely used equipments used across meat processing industry.
With rise in world population, processed food market is expected to witness significant rise in the coming years, and hence global processed meat market is projected to grow at a rapid pace. Rapid urbanization, increasing disposable income, and escalating demand for protein-rich diet is projected to contribute positively in the growth of global processed meat market. Furthermore, reduced cost of processed meat due to adoption of advanced meat processing technologies is propelling the growth of the global processed meat market.
Increased risk of cancer, cardiovascular diseases, and other severe diseases due to consumption of processed meat is expected to restrain the growth of the market during the forecast years. Furthermore, increased regulations by food regulatory authorities on commercial distribution of processed meat can hinder the growth of the market.
Some of the key companies that are present in the global processed meat market are Tyson Foods, Cargill Inc., Advance Food Company Inc., BRF S.A, Shauanghui International, Hormel Foods, Nippon Meat Packers Inc., Smithfield Foods Inc., Foster Farms, and JBS USA Holdings, Inc.
By Processing Type
By Product Type
By Distribution Channel
· Grocery Stores
· Specialty Retailers
· Online Channels
· North America (USA, Canada, and Mexico)
· Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)
· Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
· South America (Brazil, Argentina, and Rest of South America)
· Middle East & Africa (South Africa and Rest of ME&A)
By processing type, the global processed meat market has been segmented into chilled, frozen, and canned. Frozen processed meat segment is anticipated to dominate the market during the forecast years, due to longer shelf-life of frozen meat. Increased consumption of salami products and hotdogs (that are best preserved when frozen), especially in GCC countries, is fueling the growth of the segment.
Among products, poultry is expected to continue dominating the global processed meat market, due to increasing consumer inclination towards white meat, coupled with low cost of poultry processed meat. High protein content and low cholesterol content present in poultry meat is fueling the growth of the segment, as more people are inclining towards food with low calorie content.
North America currently holds the major market share in the global processed food market, and is projected to dominate the market during the forecast period. High demand and consumption of processed food in North America, especially in the US is projected to contribute significantly in the growth of the market. Presence of large number of international as well as local market vendors in North America is another prominent reason for the growth of the region during the forecast period. Processed meat market in Asia Pacific is anticipated to expand at a significant pace in the forthcoming years, due to rapid increase in population in prominent Asian countries such as China and India, and increased consumption of processed meat in the aforementioned countries.