NEW YORK, Nov. 27, 2023 /PRNewswire/ — The APAC processed meat market size is expected to grow by USD 103.72 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will accelerate at a CAGR of 11.28% during the forecast period. Increasing demand for convenience foods is notably driving the processed meat market in APAC. However, factors such as health hazards associated with processed meat may impede market growth. The market is segmented by Application (Commercial and Residential) and Product (Frozen, Chilled, and Canned). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format
Technavio has announced its latest market research report titled Processed Meat Market in APAC 2023-2027
Key Segment Analysis
The commercial segment will be significant during the forecast period. Restaurants, fast-food companies, hotels, catering services, and food service suppliers are included in this segment. Furthermore, some of the factors driving the segment growth include comfort, flavor consistency, and customer choices for quick, ready-to-eat meals. Processed meat products are extensively represented in the commercial sector in the region. This includes burger patties, pizza toppings, hotel buffets, and catering services. Additionally, the commercial sector’s sustained growth is fueled by the region’s growing food service industry and changing consumer lifestyles. Such factors drive the growth of the commercial segment during the forecast period.
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The rising emphasis on packaging innovations is an emerging market trend. Creative packaging is used by market players in APAC to stay in the competition in the market. Apart from attracting consumers, innovative packaging supports raising the shelf life of products and makes them more durable. However, given a peak in advancements in packaging, companies are increasingly concentrating on innovative packaging technologies. The increasing demand for such innovative packaging solutions may encourage more APAC market players to come up with new packaging solutions. This would attract consumers and expand the customer base.
Company Insights
The processed meat market in APAC is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including:
Al Aali Exports Pvt. Ltd, Al Kabeer Exports Pvt. Ltd., Allanasons Pvt. Ltd., BRF SA, Cargill Inc., Charoen Pokphand Foods PCL, FRESHTOHOME FOODS Pvt. Ltd., IB Group, Itoham Foods Inc., JBS SA, Mirha Exports Pvt. Ltd., MK Overseas Pvt. Ltd., NH Foods Ltd., Prabhat Poultry Pvt. Ltd., Suguna Foods Pvt. Ltd., Suzannes Food, The Meat Products of India Ltd., Tyson Foods Inc., VH Group, VISSAN
View a PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.
Related Reports:
The processed seafood market size is estimated to grow at a CAGR of 7.01% between 2022 and 2027. The market size is forecast to increase by USD 60.5 billion.
The processed fruits market share is expected to increase by USD 160.83 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.24%.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Product
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio