Processed Meat Market to Grow at a CAGR of 6.62% During 2026-2034; Increasing Busy Lifestyles of Individuals to Boost Market Growth

The global processed meat market size was valued at USD 707.98 billion in 2025. The market is projected to grow from USD 750.58 billion in 2026 to USD 1,253.77 billion by 2034, exhibiting a CAGR of 6.62% during the forecast period.

Fortune Business Insights™ presents this information in its report titled, "Processed Meat Market Size, Share & Industry Analysis, By Type (Frozen, Canned, and Chilled), Animal Type (Poultry, Beef, Pork, and Others), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Specialty Stores, and Others), and Regional Forecast, 2026-2034”

Meat items that have been altered to extend their shelf life are known as processed meat. Some of the items come in ready-to-eat or easy-to-cook formats and are kept with a modified texture. Products made from processed meat are frequently frozen, canned, or cooled. Some of the processed items come in pre-portioned cuts, which makes them easy to eat and appropriate for individuals with hectic schedules.

ITC and Prasuma Collaboration to Fuel Market Development

February 2025: ITC reached a final agreement with “Prasuma”, one of the India’s top producers of frozen meat. The “ITC Next” strategy includes this investment.

Growing Customer Desire for Delicious and Nutritious to Drive Market Growth

The growing customer desire for delicious and nutritious meat products has propelled the processed meat market growth. The packed meat products receive a variety of seasonings, spices, herbs, and marinades that give them a flavourful texture and umami taste. As customers’ tastes are changing, the trend of meat flavors is growing and embracing additional meat processing techniques including glazing and braising.

However, availability of healthy alternative products, hamper market growth.

Key Players to Strengthen their Supply Chain and Product Development through Mergers and Acquisitions

Due to the existence of several domestic and international competitors, the market structure is fragmented. These manufacturers are concentrating on increasing their production capacity through fresh acquisitions and mergers. This way it helps in new product development and strengthens their supply chain. Additionally, it facilitates the delivery of high-quality goods to customers.

Notable Industry Development:

In August 2023, Minerva Foods purchased deboning and slaughtering facilities for cattle across from Marfrog, one of the top meat processing firms in South America. After investing USD 1.54 billion in the purchase, Minerva would become Brazil’s second-largest beef processor, after JBS S.A.

List of the Companies Profiled in the Report:

• Hormel Foods Corporation (U.S)
• Conagra Brands Inc. (U.S)
• Foster Farms (U.S)
• JBS S.A. (Brazil)
• Tyson Foods Inc. (U.S)
• Smithfield Foods, Inc. (U.S)
• Cargill Incorporated (U.S)
• Pilgrim's Pride Corporation (U.S)
• The Kraft Heinz Company (U.S)
• China Xiangtai Food Co., Ltd. (China)

Further Report Findings-

• North America region is the world’s largest consumer of processed meat, with a projected value of USD 310.48 billion in 2026. With a sizable population and a comparable number of working professionals, North America has an advanced economy. The regional market has been driven by the rising demand for high-protein animal meat products and convenience foods. The broad distribution channel network enables convenient availability of processed meat to the consumers. The producers are focused on technological advances and growing their production capacities to serve a broader consumer base.
• Europe holds the second-largest processed meat market share, as it is projected to grow to USD 189.29 billion in 2026. This can be attributed to things such as the existence of countries including Germany, France, and Italy that consume a lot of processed items. The processes pork and minced beef are commonly consumed in the region due to their lower price and increased taste supplied by them in the recipes. The region’s high immigrant population has accelerated market expansion. The European region is expected to increase at a rate of 5.54% during the course of the projection year.

Table of Segmentation: