Global Processed Meat Market Size, Trends, and Growth Opportunity, By Meat Type (Poultry, Beef, Pork, and Others), By Product Type (Frozen, Chilled, and Canned), By Application (Commercial and Residential), and By Distribution Channel (HoReCa, Supermarkets/Hypermarkets, Convenience Stores, Independent Retailers, and Others), By Region and Forecast to 2030.
Global Processed Meat Market
The Global Processed Meat Market was valued at USD 379.6 billion in 2022 and is expected to reach 497.1 billion by 2030, at a CAGR 3.42% during the forecast period 2023- 2030.
Meat that has been supplemented with numerous additives and preservatives, such as acidifiers, minerals, salts, and various other seasoning and flavoring agents, is referred to as processed meat. To improve the meat's quality, stop degeneration, and add flavors to its original composition, the processing is largely used. It can be either red meat or white meat from pigs, chickens, cows, or fish.
For the production of processed meat, meats like beef, hog, turkey, chicken, and lamb are frequently used. The several types of processed meat include sausages, jerky, hot dogs, and pepperoni. To stop bacteria and other organisms from deteriorating the meat, preservatives are applied.
Market Drivers
The rise of the processed meat market is being driven by expanding consumer spending power, rising consumer desire for flavorful and healthy meat products, and increased fast-paced lifestyle acceptance. People today don't have a lot of time to prepare meals to their tastes due to their busy work schedules, so they started using ready-to-eat and simple-to-cook products that require less time and provide good quality and taste as well.
Additionally, increased urbanization, expanding organic meat consumption, and greater awareness are all fostering market expansion. People are switching to organic meat products as they are healthier and do not contain any hazardous chemicals as they become more aware of the harmful effects of processed meat.
Market Restraints
The market's expansion may be hampered by the rising popularity of organic meat and the high danger of adverse effects like cancer. The nitrates used to preserve processed meats can cause cancer and several other serious ailments when consumed in large quantities. This is the reason consumers have started eating healthier meals like organic or plant-based foods, however, this could have a detrimental impact on the market's expansion.
COVID 19 Impact
The production and supply chain for meat were negatively impacted by the COVID-19 outbreak. A significant part of the processed meat market's distribution chain is played by hotels, restaurants, and cafes. Most significantly, during the COVID-19 period, fast-service restaurant franchises including McDonald's, KFC, Subway, and Burger King were all forced to close either temporarily or permanently. There weren't many dine-in options for patrons at these restaurant franchises. Due to travel restrictions, the hotels were also shuttered, while the cafes were completely closed. Due to the closure of this crucial distribution channel during the lockout, the global market for processed meat saw revenue declines.
Market Segmentation
The Global Processed Meat Market is segmented into Meat Type, Product Type, Application, and Distribution Channel.
Based on Meat Type, the market is divided into Poultry, Beef, Pork, and Others.
Based on Product Type, the market is classified into Frozen, Chilled, and Canned.
Based on Application, the market is segmented into Commercial and Residential.
Based on Distribution Channel, the market is bifurcated into HoReCa, Supermarkets/Hypermarkets, Convenience Stores, Independent Retailers, and Others.
Regional Analysis
The Global Processed Meat Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
North America is estimated to hold the major market share, due to the big consumer base for processed food and drinks, rising demand for convenience food, and high-protein animal meat products the increase in meat-based breakfast options like salami and sausages.
Additionally, the market is expanding favorably as a result of steps done by governing bodies to assist producers and processors of red meat, particularly bacon, to innovate with their goods.
Key Developments
In July 2022, BRF Sadia inaugurated its new plant, 'Al Joody,' in Dammam, Saudi Arabia, which helps in increasing its monthly production capacity to 1,200 tons of food, which will play an integral role in the growth and development of the poultry industry locally, in the interest of the Saudi consumer.
In June 2022, Hormel Foods launched its newest product i.e. HORMEL NATURAL CHOICE Sandwich Pepperoni. The product is free from preservatives, nitrites, or nitrates.
Key Players
Various key players are discussed in the Global Processed Meat Market Report including: Koch Foods, LLC., American Foods Group, LLC., Cargill, Incorporated, Hormel Foods Corporation, JBS S.A., OSI Group, Perdue Farms, Inc., Smithfield Foods, Inc., Swiss Meat & Sausages Co., and Tyson Foods, Inc.
Market Taxonomy
By Meat Type
• Poultry
• Beef
• Pork
• Others
By Product Type
• Frozen
• Chilled
• Canned
By Application
• Commercial
• Residential
By Distribution Channel
• HoReCa
• Supermarkets/Hypermarkets
• Convenience Stores
• Independent Retailers
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Processed Meat Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Processed Meat Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Processed Meat Market, By Meat Type
5.1 Y-o-Y Growth Comparison, By Meat Type
5.2 Global Processed Meat Market Share Analysis, By Meat Type
5.3 Global Processed Meat Market Size and Forecast, By Meat Type
5.3.1 Poultry
5.3.2 Beef
5.3.3 Pork
5.3.4 Others
6 Global Processed Meat Market, By Product Type
6.1 Y-o-Y Growth Comparison, By Product Type
6.2 Global Processed Meat Market Share Analysis, By Product Type
6.3 Global Processed Meat Market Size and Forecast, By Product Type
6.3.1 Frozen
6.3.2 Chilled
6.3.3 Canned
8 Global Processed Meat Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Processed Meat Market Share Analysis, By Application
8.3 Global Processed Meat Market Size and Forecast, By Application
8.3.1 Commercial
8.3.2 Residential
9 Global Processed Meat Market, By Distribution Channel
9.1 Y-o-Y Growth Comparison, By Distribution Channel
9.2 Global Processed Meat Market Share Analysis, By Distribution Channel
9.3 Global Processed Meat Market Size and Forecast, By Distribution Channel
9.3.1 H HoReCa
9.3.2 Supermarkets/Hypermarkets
9.3.3 Convenience Stores
9.3.4 Independent Retailers
9.3.5 Others
10 Global Processed Meat Market, By Region
10.1 Global Processed Meat Market Share Analysis, By Region
10.2 Global Processed Meat Market Size and Forecast, By Region
11 North America Processed Meat Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 North America Processed Meat Market Share Analysis, By Meat Type
11.3 North America Processed Meat Market Size and Forecast, By Product Type
11.4 North America Processed Meat Market Size and Forecast, By Application
11.5 North America Processed Meat Market Size and Forecast, By Distribution Channel
11.6 North America Processed Meat Market Size and Forecast, By Country
11.6.1 U.S.
11.6.2 Canada
11.6.3 Mexico
12 Europe Processed Meat Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Europe Processed Meat Market Share Analysis, By Meat Type
12.3 Europe Processed Meat Market Size and Forecast, By Product Type
12.4 Europe Processed Meat Market Size and Forecast, By Application
12.5 Europe Processed Meat Market Size and Forecast, By Distribution Channel
12.6 Europe Processed Meat Market Size and Forecast, By Country
12.6.1 Germany
12.7.2 France
12.7.3 UK
12.7.4 Rest of Europe
13 Asia Pacific Processed Meat Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Asia Pacific Processed Meat Market Share Analysis, By Meat Type
13.3 Asia Pacific Processed Meat Market Size and Forecast, By Product Type
13.4 Asia Pacific Processed Meat Market Size and Forecast, By Application
13.5 Asia Pacific Processed Meat Market Size and Forecast, By Distribution Channel
13.6 Asia Pacific Processed Meat Market Size and Forecast, By Country
13.6.1 China
13.6.2 Japan
13.6.3 India
13.6.4 Rest of Asia Pacific
14 6atin America Processed Meat Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Latin America Processed Meat Market Share Analysis, By Meat Type
14.3 Latin America Processed Meat Market Size and Forecast, By Product Type
14.4 Latin America Processed Meat Market Size and Forecast, By Application
14.5 Latin America Processed Meat Market Size and Forecast, By Distribution Channel
14.6 Latin America Processed Meat Market Size and Forecast, Country
14.6.1 Brazil
14.6.2 Rest of Latin America
15 Middle East Processed Meat Market Analysis and Forecast (2023-2030)
15.1 Introduction
15.2 Middle East Processed Meat Market Share Analysis, By Meat Type
15.3 Middle East Processed Meat Market Size and Forecast, By Product Type
15.4 Middle East Processed Meat Market Size and Forecast, By Application
15.5 Middle East Processed Meat Market Size and Forecast, By Distribution Channel
15.6 Middle East Processed Meat Market Size and Forecast, By Country
15.6.1 Saudi Arabia
15.6.2 UAE
15.6.3 Egypt
15.6.4 Kuwait
15.6.5 South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 Koch Foods, LLC.
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 American Foods Group, LLC.
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 Cargill
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Incorporated
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 Hormel Foods Corporation
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 JBS S.A.
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 OSI Group
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Perdue Farms. Inc.
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Smithfield Foods, Inc.
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Swiss Meat & Sausages Co.
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies
17.11 Tyson Foods, Inc.
17.11.1 Overview
17.11.2 Offerings
17.11.3 Key Financials
17.11.4 Business Segment & Geographic Overview
17.11.5 Key Market Developments
17.11.6 Key Strategies
