Global Processed Meat Market Growth Forecast and Trends 2016-2024

Posted October 10, 2017 by Marktwain

Asia-Pacific processed food market valued USD 134.2 billion in 2016, and is expected to grow at a CAGR of 16% over the forecast period i.e. 2016-2024.

Affordable rates along with availability of large varieties of processed meat are major factor driving the growth of processed meat market all across the globe. However, increasing obesity level due to high intake of processed food is the main factor which is hampering the adoption rate of processed meat.
Huge Investment for the improvement of food industry infrastructure is likely to drive the growth of processed meat market. Proper infrastructure plays an important role in maintenance, process, distribution, and waste management of processed meat. In 2009, the United States Department of Agriculture invested nearly 1 billion for 6 years to improve food business infrastructure in the region. Moreover, emerging economies such as China and India are also investing to improve food processing units and infrastructures. These initiatives are expected to increase the production and expand the business of processed meat across the globe. Global processed meat market segmentation has been carried out on the basis of processed meat type, by packaging type and by processing technology type. Packaging of processed meat is further segmented into chilled processed meat, frozen processed meat, canned meat. Among these segments chilled processed meat occupies the largest market share due to the increasing demand of quick and instant meal and the segment is expected to register healthy growth during the forecast period. Moreover, high demand of preserved or frozen food is likely to drive global processed meat market in the near future. Poultry segment from processed meat is the largest segment and accounts for nearly 38% of the market share in 2016. Although declining rate in consumption of processed beef due to health risk is expected to hamper the business mainly in mature market like North America and Europe. However, Cured meat is widely consumed and this segment accounts for the largest market share based on processing technology of processed meat. Asia-Pacific processed food market valued USD 134.2 billion in 2016, and is expected to grow at a CAGR of 16% over the forecast period i.e. 2016-2024. Rising disposable income and increasing demand of processed food in countries such as China and India is anticipated to expand processed meat business in the region.

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Market Segmentation
The global processed meat market is segmented on following basis:
• Based on Processed Meat Type
o Poultry
o Red Meat ( Beef, Pork)
o Sea Food
o Others (Bacon, Dogs)
• Based on Packaging
o Chilled
o Frozen
o Canned
• Based on Processing Technology
o Fresh-Processed Meat
o Raw-Cooked Meat
o Pre-Cooked Meat
o Raw-Fermented Sausages
o Cured Meat
o Dried Meat
• Based on Geography
o North America (U.S. & Canada)
o Latin America ( Brazil , Mexico & Rest of Latin America)
o Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE)
o Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)
o Middle East & Africa (GCC, South Africa, North Africa, RoMEA)
o Rest of World

“Global processed meat market Outlook 2024” contains detailed overview of the global processed meat market in terms of market segmentation by processed meat type, by packaging type and by processing technology type.
Further, for the in-depth analysis, processed meat market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Sacle) analysis, Porter’s five force model and SWOT analysis.

Global processed meat market report also includes provides competitive outlook of some of the major players of the global processed meat market which includes profiling of companies National Food Co., Hormel Foods, Tyson Foods, Cargill Inc. etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global processed meat market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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Issued By mark twain
Website Goldstein Research
Phone + 1-646-568-7747
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New York, NY 10005
Country United States
Categories Food
Tags Processed Meat Market , global processed meat market
Last Updated October 10, 2017