Global Processed Meat Market is expected to reach USD 275 Billion by 2028 - Zion Market Research

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.

Global Processed Meat Market

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

  • Poultry
  • Pork
  • Mutton
  • Beef
  • Other Processed Meat

Global Processed Meat Market: Product Segment Analysis

  • Cured Processed
  • Uncured Processed
  • Others

Global Processed Meat Market: Types Segment Analysis

  • Chilled Processed Meat
  • Frozen Processed Meat
  • Canned/Preserved Meat And Meat Products
  • Frozen Processed Red Meat

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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