06-Sep-2021 | Zion Market Research
Some of the major companies active in processed meat market are Pilgrims Pride Corp., JBS SA, Advance Pierre Foods, Sysco Corp., Tyson Foods Inc., Hormel Food, Keystone Foods, Cargill Inc., BRF S.A., Sanderson farms, and Marfrig Group among others. The major players in the processed meat market are aimed on the extension of the business by various new tactics such as extending the product line and also setting up the new facility to elevate production capacity.
Mergers and acquirements of medium and small-sized players to make an entry in overseas market is one more tactic accepted by international players of processed meat market. For example, Siniora Food Industries obtained Diamond Meat Processing (a UAE located firm) for a price of USD 12 Million. The acquirement plans to expand and diversify the product line of the firm. In addition to this, Costco spent USD 180 Million to enhance poultry farm so that the farm can make 1/3rd of all its chickens comprising raw meat.
As per the analysts at Zion Market Research, the Global processed meat market was capitalized at almost USD 179 Billion in 2020 and is expected to reach USD 275 Billion by 2028, growing at a CAGR of 5.5% from 2021 to 2028.
Rising Demand For Processed Meat Paired With Rising Disposable Revenue To Boost The Processed Meat Market
According to the analysts at Zion Market Research, processed meat market is likely to show high profits due to rising demand for processed meat paired with rising disposable revenue in emerging nations. In addition to this, large varieties of processed meat and obtainable in the industry at lower costs and increasing user awareness regarding animal protein rich diet is further likely to propel the development for processed meat market. On the other hand, health awareness related to the usage of processed meat market owing to its side effects might hinder the growth of processed meat market. Nevertheless, meat usage in developing nations is incessantly rising. Hence, rising requirement from emerging nations is likely to unlock new growth avenues in the years to come.
North America Likely To Show Noteworthy Development In The Coming Years In Processed Meat Market
North America was one more leading sector and is likely to show noteworthy development in the coming years. Asia Pacific was the second biggest area in the processed meat market led by China. Apart from this, these nations are also likely to see noteworthy development in usage of processed meat in the coming years. This development in processed meat market is majorly credited to rising requirement for meat paired with higher disposable revenue. The European processed meat market is likely to show moderate development due to growing awareness among the users.
Browse the full “Processed Meat Market (Cured Processed, Uncured Processed And Others) By Meat Type (Poultry, Pork, Mutton, Beef And Other); By Types (Chilled Processed Meat, Frozen Processed Meat, Canned/Preserved Meat And Meat Products And Frozen Processed Red Meat): Global Industry Perspective, Comprehensive Analysis And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/processed-meat-market
This report segments the global processed meat market as follows:
Global Processed Meat Market: Meat Type Segment Analysis
Global Processed Meat Market: Product Segment Analysis
Global Processed Meat Market: Types Segment Analysis
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651