DUBLIN, March 29, 2024 /PRNewswire/ — The “Global Processed Meat Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Processed Meat Market is estimated to reach US$ 575.70 billion by 2030, according to the report. The market was valued at US$ 413.75 billion in 2023.
As people become less inclined to spend long periods of time cooking at home, delivery offerings and processed ingredients have become famous options. Younger generations are showing a more interest in processed meat because of evolving buyer options and changing nutritional habits. Western food culture has performed a tremendous role in expanding younger consumer’ palates and making them more accepting of processed meat products.
Global Processed meat market has been developing at a CAGR of 4.83% from 2024 to 2030
While food processing could make meats flavor better and last longer, it additionally changes them from their natural state. Many manufacturers are turning to natural curing agents like cherry celery powder to deal with these concerns and replace dangerous nitrates. This is becoming famous among customers who want to eat healthier and decrease their hazard of fitness issues. Many agencies are making an investment closely in research and development to find safer options to the chemical compounds utilized in meat maintenance. There is a developing demand for organic processed meat free from antibiotics and chemical residues. To meet this demand, businesses are sourcing meat from natural-licensed farms. They are also the use of natural preservatives rather than artificial ones, supporting the market growth.
Fast food chains like KFC, McDonald’s, Subway, Burger King, and Taco Bell have led to a rise in processed meat consumption. Affordable meal packages and discounts supplied through these chains have contributed to the growth of the processed meat market globally. According to the U.S. Center for Disease and Control Prevention, around 37% of Americans consume fast food every day, which has fostered market increase in developed regions. The global processed meat market is surging because of increased demand for ready up-to-cook and ready to eat food. The convenience and time-saving benefits of those food types drive this demand. The upward thrust in the wide number of employees and their busy life has led to multiplied intake of those products.
Poultry Processed meat segment dominates due to increasing consumption worldwide
By Meat Types, Processed Meat Market is segmented into Poultry, Beef, Pork and Others. The Processed Meat market witnessed a noteworthy dominance through the poultry sector, underscored by a surge in worldwide consumption. Poultry products, such as chicken and turkey, have won prominence because of their versatility, affordability, and general recognition among customers globally.
Factors including converting dietary choices, comfort, and a growing population have fueled the demand for processed chicken meat. This dominance inside the market is reflective of the evolving culinary landscape and the poultry industry’s capability to fulfill the numerous wishes of buyers in search of convenient and flavorful protein sources. The chicken sectors dominance keeps to form the trajectory of the processed meat market.
Frozen Processed meat holds sizable market sales within the worldwide Processed Meat Market
By Processed Types, Processed Meat Market is divided into Frozen, Chilled and Canned. Frozen processed meat commands a huge proportion of the worldwide processed meat marketplace, contributing extensively to its global revenue. This market segment’s popularity may be attributed to the benefit it offers customers, making sure longer shelf existence and smooth storage. With busy existence and the need for quick meal solutions, frozen processed meat products meet the demand for each comfort and flavor. The worldwide enchantment of these products underscores their massive recognition, making them a key participant in the processed meat industry. As customer possibilities evolve, frozen processed meat maintains to play a pivotal role in shaping the market panorama.
Online Retail Stores will capture larger percent in upcoming years
By Distribution Channels, Processed Meat Market is classified into Hypermarkets and Supermarket, Convenience Stores, Online Retail Stores and Others. Online retail shops are poised to capture an increasing market percentage inside the worldwide processed meat market. The comfort and accessibility supplied through online platforms cater to the evolving customer choices for hassle free shopping experiences. As digitalization transforms the retail panorama, an increasing number of customers turns to online channels for their processed meat purchases. The comfort of doorstep delivery, an extensive type of options, and the capacity to compare products contribute to the appeal of online retail in the processed meat sector. This shift displays a growing trend, signaling a substantial presence and impact of e commerce in the future of processed meat sales.
Due to growing demand for instant food and a booming processed meat production area, the China market is anticipated to grow in the coming years
By Country, Processed Meat Market is split into North America (United States, Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Switzerland), Asia Pacific (Japan, China, India, Australia, South Korea, Indonesia), South America (Mexico, Brazil, Argentina), Middle East & Africa (South Africa, Saudi Arabia, United Arab Emirates) and Rest of world. China emerges as a substantial worldwide consumer of processed meat, exerting huge influence on the market dynamics. The nation’s huge populace, coupled with moving nutritional styles and urbanization, propels the demand for processed meat products. China’s impact on global intake is sizable, as its culinary landscape adapts to trendy choices. This trend indicates the mixing of processed meats into the everyday food diet of millions, showcasing China’s pivotal role in shaping global market trends. As a main player, China no longer only drives consumption however additionally serves as a trademark of evolving culinary options on a global scale.
Key Players
Hormel foods, Tyson Foods, Conagra Brands Inc., General Mills, Nestle, Cargill Incorporated, WH Group and BRF SA are the prominent player inside the global Processed Meat Market.
Meat Type – Market have been covered from 4 viewpoints
- Poultry
- Beef
- Pork
- Others
Processing Type – Market have been covered from 3 viewpoints
- Frozen
- Chilled
- Canned
Distribution Channel – Market have been covered from 4 viewpoints
- Hypermarkets and Supermarket
- Convenience Stores
- Online Retail Stores
- Others
All companies have been covered from 3 viewpoints:
- Overview
- Recent Developments
- Revenue Analysis
Companies Analyzed:
- Hormel Foods
- Tyson Foods
- Conagra Brands Inc.
- General Mills
- Nestle
- Cargill Incorporated
- WH Group
- BRF SA
For more information about this report visit https://www.researchandmarkets.com/r/v7rrzh
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