PUBLISHER: Renub Research | PRODUCT CODE: 1408308
PUBLISHER: Renub Research | PRODUCT CODE: 1408308
Processed Meat Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis
Processed Meat Market Size is estimated to reach US$ 575.70 Billion by 2030, as per Renub Research. Meat that has been treated to extend its shelf lifestyles via salting, curing, fermenting, or smoking is known as processed meat. This type of meat generally contains red meat or beef, despite the fact that it can also be made from chicken, offal, or blood. Processed meat products consist of bacon, ham, sausages, salami, corned pork, jerky, hot puppies, lunch meats, canned meat, and meat-based sauces. Simple mechanical strategies like slicing, grinding, or mixing are used to create processed meat. These products differ from fresh meat and necessitate further processing before they're suitable for consumption.
As people become less inclined to spend long periods of time cooking at home, delivery offerings and processed ingredients have become famous options. Younger generations are showing a more interest in processed meat because of evolving buyer options and changing nutritional habits. Western food culture has performed a tremendous role in expanding younger consumer' palates and making them more accepting of processed meat products.
Global Processed meat market has been developing at a CAGR of 4.83% from 2024 to 2030
While food processing could make meats flavor better and last longer, it additionally changes them from their natural state. Many manufacturers are turning to natural curing agents like cherry celery powder to deal with these concerns and replace dangerous nitrates. This is becoming famous among customers who want to eat healthier and decrease their hazard of fitness issues. Many agencies are making an investment closely in research and development to find safer options to the chemical compounds utilized in meat maintenance. There is a developing demand for organic processed meat free from antibiotics and chemical residues. To meet this demand, businesses are sourcing meat from natural-licensed farms. They are also the use of natural preservatives rather than artificial ones, supporting the market growth.
Fast food chains like KFC, McDonald's, Subway, Burger King, and Taco Bell have led to a rise in processed meat consumption. Affordable meal packages and discounts supplied through these chains have contributed to the growth of the processed meat market globally. According to the U.S. Center for Disease and Control Prevention, around 37% of Americans consume fast food every day, which has fostered market increase in developed regions. The global processed meat market is surging because of increased demand for ready up-to-cook and ready to eat food. The convenience and time-saving benefits of those food'types drive this demand. The upward thrust in the wide number of employees and their busy life has led to multiplied intake of those products. Processed Meat Market was valued at US$ 413.75 Billion in 2023.
Poultry Processed meat segment dominates due toincreasing consumption worldwide
By Meat Types, Processed Meat Market is segmented into Poultry, Beef, Pork and Others. The Processed Meat market witnessed a noteworthy dominance through the poultry sector, underscored by a surge in worldwide consumption. Poultry products, such as chicken and turkey, have won prominence because of their versatility, affordability, and general recognition among customers globally.
Factors including converting dietary choices, comfort, and a growing population have fueled the demand for processed chicken meat. This dominance inside the market is reflective of the evolving culinary landscape and the poultry industry's capability to fulfill the numerous wishes of buyers in search of convenient and flavorful protein sources. The chicken sectors dominance keeps to form the trajectory of the processed meat market.
Frozen Processed meat holds sizable market sales within the worldwide Processed Meat Market
By Processed Types, Processed Meat Market is divided into Frozen, Chilled and Canned. Frozen processed meat commands a huge proportion of the worldwide processed meat marketplace, contributing extensively to its global revenue. This market segment's popularity may be attributed to the benefit it offers customers, making sure longer shelf existence and smooth storage. With busy existence and the need for quick meal solutions, frozen processed meat products meet the demand for each comfort and flavor. The worldwide enchantment of these products underscores their massive recognition, making them a key participant in the processed meat industry. As customer possibilities evolve, frozen processed meat maintains to play a pivotal role in shaping the market panorama.
Online Retail Stores will capture larger percent in upcoming years
By Distribution Channels, Processed Meat Market is classified into Hypermarkets and Supermarket, Convenience Stores, Online Retail Stores and Others. Online retail shops are poised to capture an increasing market percentage inside the worldwide processed meat market. The comfort and accessibility supplied through online platforms cater to the evolving customer choices for hassle free shopping experiences. As digitalization transforms the retail panorama, an increasing number of customers turns to online channels for their processed meat purchases. The comfort of doorstep delivery, an extensive type of options, and the capacity to compare products contribute to the appeal of online retail in the processed meat sector. This shift displays a growing trend, signaling a substantial presence and impact of e commerce in the future of processed meat sales.
Due to growing demand for instant food and a booming processed meat production area, the China market is anticipated to grow in the coming years
By Country, Processed Meat Market is split into North America (United States, Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Switzerland), Asia Pacific (Japan,China, India, Australia, South Korea, Indonesia), South America (Mexico, Brazil, Argentina), Middle East & Africa (South Africa, Saudi Arabia, United Arab Emirates) and Rest of world. China emerges as a substantial worldwide consumer of processed meat, exerting huge influence on the market dynamics. The nation's huge populace, coupled with moving nutritional styles and urbanization, propels the demand for processed meat products. China's impact on global intake is sizable, as its culinary landscape adapts to trendy choices. This trend indicates the mixing of processed meats into the everyday food diet of millions, showcasing China's pivotal role in shaping global market trends. As a main player, China no longer only drives consumption however additionally serves as a trademark of evolving culinary options on a global scale.
Key Player
Hormel foods, Tyson Foods, Conagra Brands Inc., General Mills, Nestle, Cargill Incorporated, WH Group and BRF SA are the prominent player inside the global Processed Meat Market.
Renub Research Latest Report "Processed Meat Market, Global Forecast, by Meat Type (Poultry, Beef, Pork and Others) by Processing Type (Frozen, Chilled and Canned) by Distribution Channel (Hypermarkets and Supermarket, Convenience Stores, Online Retail Stores and Others) by Country (North America (United States, Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Switzerland), Asia Pacific (Japan, China, India, South Korea, Indonesia, Australia), South America (Mexico, Brazil, Argentina), Middle East & Africa (Saudi Arabia, United Arab Emirates, South Africa) and Rest of World) by Key Players Analysis (Hormel foods, Tyson Foods, Conagra Brands Inc., General Mills, Nestle, Cargill Incorporated, WH Group and BRF SA)" studies the Global processed meat industry. The report also comprises qualitative factors such as drivers, restraints, and opportunities.
Meat Type - Market have been covered from 4 viewpoints
- 1. Poultry
- 2. Beef
- 3. Pork
- 4. Others
Processing Type - Market have been covered from 3 viewpoints
- 1. Frozen
- 2. Chilled
- 3. Canned
Distribution Channel - Market have been covered from 4 viewpoints
- 1. Hypermarkets and Supermarket
- 2. Convenience Stores
- 3. Online Retail Stores
- 4. Others
Countries - Market have been covered from 21 country Processed Meat industry viewpoints
- 1. North America
- 1.1. United States
- 1.2. Canada
- 2. Europe
- 2.1. Germany
- 2.2. United Kingdom
- 2.3. France
- 2.4. Italy
- 2.5. Spain
- 2.6. Switzerland
- 3. Asia Pacific
- 3.1. Japan
- 3.2. China
- 3.3. India
- 3.4. South Korea
- 3.5. Indonesia
- 3.6. Australia
- 4. Latin America
- 4.1. Mexico
- 4.2. Brazil
- 4.3. Argentina
- 5. Middle East & Africa
- 5.1. Saudi Arabia
- 5.2. United Arab Emirates
- 5.3. South Africa
- 6. Rest of world
All companies have been covered from 3 viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
- 1. Hormel foods
- 2. Tyson Foods
- 3. Conagra Brands Inc.
- 4. General Mills
- 5. Nestle
- 6. Cargill Incorporated
- 7. WH Group
- 8. BRF SA
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global Processed Meat Market
6. Market Share - Global Processed Meat Market
- 6.1 By Meat Types
- 6.2 By Processed Types
- 6.3 By Distribution Channels
- 6.4 By Countries
7. Meat Types - Global Processed Meat Market
- 7.1 Poultry
- 7.2 Beef
- 7.3 Pork
- 7.4 Others
8. Processed Types - Global Processed Meat Market
- 8.1 Frozen
- 8.2 Chilled
- 8.3 Canned
9. Distribution Channels - Global Processed Meat Market
- 9.1 Hypermarkets and Supermarket
- 9.2 Convenience Stores
- 9.3 Online Retail Stores
- 9.4 Others
10. Countries - Global Processed Meat Market
- 10.1 North America
- 10.1.1 United States
- 10.1.2 Canada
- 10.2 Europe
- 10.2.1 Germany
- 10.2.2 United Kingdom
- 10.2.3 France
- 10.2.4 Italy
- 10.2.5 Spain
- 10.2.6 Switzerland
- 10.3 Asia Pacific
- 10.3.1 Japan
- 10.3.2 China
- 10.3.3 India
- 10.3.4 South Korea
- 10.3.5 Indonesia
- 10.3.6 Australia
- 10.4 Latin America
- 10.4.1 Mexico
- 10.4.2 Brazil
- 10.4.3 Argentina
- 10.5 Middle East & Africa
- 10.5.1 Saudi Arabia
- 10.5.2 United Arab Emirates
- 10.5.3 South Africa
- 10.6 Rest of world
11. Porter's Five Forces - Global Processed Meat Market
- 11.1 Bargaining Power of Buyer
- 11.2 Bargaining Power of Supplier
- 11.3 Threat of New Entrants
- 11.4 Rivalry among Existing Competitors
- 11.5 Threat of Substitute Products
12. SWOT Analysis - Global Processed Meat Market
- 12.1 Strengths
- 12.2 Weaknesses
- 12.3 Opportunities
- 12.4 Threats
13. Key Players Analysis
- 13.1 Hormel foods
- 13.1.1 Overviews
- 13.1.2 Recent Development
- 13.1.3 Revenues
- 13.2 Tyson Foods
- 13.2.1 Overviews
- 13.2.2 Recent Development
- 13.2.3 Revenues
- 13.3 Conagra Brands Inc.
- 13.3.1 Overviews
- 13.3.2 Recent Development
- 13.3.3 Revenues
- 13.4 General Mills
- 13.4.1 Overviews
- 13.4.2 Recent Development
- 13.4.3 Revenues
- 13.5 Nestle
- 13.5.1 Overviews
- 13.5.2 Recent Development
- 13.5.3 Revenues
- 13.6 Cargill, Incorporated
- 13.6.1 Overviews
- 13.6.2 Recent Development
- 13.6.3 Revenues
- 13.7 WH Group
- 13.7.1 Overviews
- 13.7.2 Recent Development
- 13.7.3 Revenues
- 13.8 BRF SA
- 13.8.1 Overviews
- 13.8.2 Recent Development
- 13.8.3 Revenues
List of Figures
- Figure-01: Global - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-02: Global - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-03: Meat Type - Poultry Market (Billion US$), 2019 - 2023
- Figure-04: Meat Type - Forecast for Poultry Market (Billion US$), 2024 - 2030
- Figure-05: Meat Type - Beef Market (Billion US$), 2019 - 2023
- Figure-06: Meat Type - Forecast for Beef Market (Billion US$), 2024 - 2030
- Figure-07: Meat Type - Pork Market (Billion US$), 2019 - 2023
- Figure-08: Meat Type - Forecast for Pork Market (Billion US$), 2024 - 2030
- Figure-09: Meat Type - Others Market (Billion US$), 2019 - 2023
- Figure-10: Meat Type - Forecast for Others Market (Billion US$), 2024 - 2030
- Figure-11: Processed Type - Frozen Market (Billion US$), 2019 - 2023
- Figure-12: Processed Type - Forecast for Frozen Market (Billion US$), 2024 - 2030
- Figure-13: Processed Type - Chilled Market (Billion US$), 2019 - 2023
- Figure-14: Processed Type - Forecast for Chilled Market (Billion US$), 2024 - 2030
- Figure-15: Processed Type - Canned Market (Billion US$), 2019 - 2023
- Figure-16: Processed Type - Forecast for Canned Market (Billion US$), 2024 - 2030
- Figure-17: Distribution Channel - Hypermarkets and Supermarket Market (Billion US$), 2019 - 2023
- Figure-18: Distribution Channel - Forecast for Hypermarkets and Supermarket Market (Billion US$), 2024 - 2030
- Figure-19: Distribution Channel - Convenience Stores Market (Billion US$), 2019 - 2023
- Figure-20: Distribution Channel - Forecast for Convenience Stores Market (Billion US$), 2024 - 2030
- Figure-21: Distribution Channel - Online Retail Stores Market (Billion US$), 2019 - 2023
- Figure-22: Distribution Channel - Forecast for Online Retail Stores Market (Billion US$), 2024 - 2030
- Figure-23: Distribution Channel - Others Market (Billion US$), 2019 - 2023
- Figure-24: Distribution Channel - Forecast for Others Market (Billion US$), 2024 - 2030
- Figure-25: United States - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-26: United States - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-27: Canada - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-28: Canada - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-29: Germany - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-30: Germany - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-31: United Kingdom - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-32: United Kingdom - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-33: France - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-34: France - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-35: Italy - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-36: Italy - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-37: Spain - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-38: Spain - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-39: Switzerland - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-40: Switzerland - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-41: Japan - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-42: Japan - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-43: China - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-44: China - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-45: India - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-46: India - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-47: South Korea - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-48: South Korea - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-49: Indonesia - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-50: Indonesia - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-51: Australia - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-52: Australia - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-53: Mexico - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-54: Mexico - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-55: Brazil - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-56: Brazil - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-57: Argentina - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-58: Argentina - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-59: Saudi Arabia - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-60: Saudi Arabia - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-61: United Arab Emirates - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-62: United Arab Emirates - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-63: South Africa - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-64: South Africa - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-65: Rest of world - Processed Meat Market (Billion US$), 2019 - 2023
- Figure-66: Rest of world - Forecast for Processed Meat Market (Billion US$), 2024 - 2030
- Figure-67: Hormel foods - Global Revenue (Billion US$), 2019 - 2023
- Figure-68: Hormel foods - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-69: Tyson Foods - Global Revenue (Billion US$), 2019 - 2023
- Figure-70: Tyson Foods - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-71: Conagra Brands Inc. - Global Revenue (Billion US$), 2019 - 2023
- Figure-72: Conagra Brands Inc. - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-73: General Mills - Global Revenue (Billion US$), 2019 - 2023
- Figure-74: General Mills - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-75: Nestle - Global Revenue (Billion US$), 2019 - 2023
- Figure-76: Nestle - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-77: Cargill, Incorporated - Global Revenue (Billion US$), 2019 - 2023
- Figure-78: Cargill, Incorporated - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-79: WH Group - Global Revenue (Billion US$), 2019 - 2023
- Figure-80: WH Group - Forecast for Global Revenue (Billion US$), 2024 - 2030
- Figure-81: BRF SA - Global Revenue (Billion US$), 2019 - 2023
- Figure-82: BRF SA - Forecast for Global Revenue (Billion US$), 2024 - 2030
List of Tables
- Table-01: Global - Processed Meat Market Share by Meat Type (Percent), 2019 - 2023
- Table-02: Global - Forecast for Processed Meat Market Share by Meat Type (Percent), 2024 - 2030
- Table-03: Global - Processed Meat Market Share by Processed Type (Percent), 2019 - 2023
- Table-04: Global - Forecast for Processed Meat Market Share by Processed Type (Percent), 2024 - 2030
- Table-05: Global - Processed Meat Market Share by Distribution Channel (Percent), 2019 - 2023
- Table-06: Global - Forecast for Processed Meat Market Share by Distribution Channel (Percent), 2024 - 2030
- Table-07: Global - Processed Meat Market Share by Countries (Percent), 2019 - 2023
- Table-08: Global - Forecast for Processed Meat Market Share by Countries (Percent), 2024 - 2030
