Processed Red Meat Market by Product and Geography - Global Forecast and Analysis 2019-2023


Posted August 6, 2020 by ruchiwalt

The global processed red meat market size will grow by USD 226.37 billion during 2019-2023.

 
The global processed red meat market size will grow by USD 226.37 billion during 2019-2023. This market report provides a detailed analysis of the market by product (processed pork, processed beef, processed lamb, and other processed red meat products) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on many processed red meat manufacturers, including BRF SA, Cargill Inc., Conagra Brands Inc., Foyle Food Group, Hormel Foods Corp., Itoham Yonekyu Holdings Inc., JBS SA, NH Foods Ltd., Tyson Foods Inc., and Wanzhou International Co. Ltd.

Key Insights on Processed Red Meat Market – Global Forecast 2019-2023

Processed Red Meat Market Size

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Industry Overview

Changing lifestyles and the rise in disposable income across the world have increased the demand for convenience foods. This is encouraging market vendors to expand their product portfolios by launching convenience food products such as nuggets, fresh sausages, hot dogs, platters, sandwiches, and salami. The rising demand for processed pork has induced vendors to offer processed pork meat in different chilled, frozen, and canned forms. The expansion of e-commerce industry has further eased the availability of such food products. The growing demand for convenience food is prompting several global players to form alliances with local meat manufacturers, distributors, and technology providers to increase the availability of processed red meat to consumers. The rising demand for convenience foods is one of the key factors driving the growth of the global processed red meat market size.

Vendors in the market are focusing on entering acquisition deals with distributors and technology solution providers. These inorganic strategies will help vendors gain access to new markets, increase market share, expand product portfolio, and improve the efficiency of existing supply chains. For instance, the acquisition of Keystone Foods helped Tyson Foods Inc. to expand opportunities and strengthen its presence in international markets. The rising need for improving operational efficiency is expected to increase the number of such M&A activities during the forecast period. The processed red meat market forecast predicts that as a result of these factors, the market will register a CAGR of close to 9% during 2019-2023.
https://www.technavio.com/report/processed-red-meat-market-industry-analysis?tnplus=&utm_source=off_page&utm_medium=off_page&utm_campaign=2020-ch-W31
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Issued By ruchi
Country United States
Categories Business
Last Updated August 6, 2020