Back to Newsroom
Back to Newsroom

Processed Meat Sales Majorly Buoyed by Beef and Pork Demand; Residential and Household Consumption Captures 60% Share, Says a New Fact.MR Study

Monday, 16 March 2020 09:30 AM

FactMR

Leading players in the processed meat market are emphasizing the emerging halal markets, in addition to increased production to cater to upsurge in demand.

ROCKVILLE, MD / ACCESSWIRE / March 16, 2020 / High demand for dry, cured meat is increasing the market for processed meat. Projecting the market growth at a moderate CAGR of 3.6%, a new Fact.MR study provides an inclusive analysis of the processed meat market. Predominant factors attributing to this increasing demand include the advances in freezing technology, and growing mass adoption of fast-paced lifestyle.

Processed Meat Market - Key Takeaways

  • Beef and pork remain the sought-after meat types, with collective 80% value share in market.
  • Europe will remain the leading regional market for processed meat, accounting for a third of total demand.
  • Market would witness a steady growth outlook in Middle East & Africa (MEA) in the near future
  • Household and residential buyers account for 3/5th of total processed meat consumption.
  • Supermarkets and hypermarkets will continue channeling more than 50% of worldwide sales.

Request Sample of Processed Meat Market Report-

https://www.factmr.com/connectus/sample?flag=S&rep_id=2360

Processed Meat Market - Key Driving Factors

  • Technological intervention for extended shelf-life of processed meat is favoring the market growth.
  • Improved trade scenario of processed meat to distant regions is significantly contributing towards the growth of market.
  • Processed meat befits the escalating demand for easy accessibility and convenience, which remains a major market growth driver.
  • Increasing preference for halal meat across developing economies of Asia Pacific (excluding Japan), Middle East, and Africa is bolstering market growth.

FactMR, Monday, March 16, 2020, Press release picture

Processed Meat Market - Key Constraint

The expanding veganism trend and rising concerns regarding colorectal cancer continue to challenge rapid growth of processed meat industry.

For information on the research approach used in the report, request methodology-

https://www.factmr.com/connectus/sample?flag=RM&rep_id=2360

Competition Landscape

The key players in the processed meat market are Cargill Inc, JBS SA, WH Group Limited, Sysco Corporation, and Hormel Food Corporation among others. The leading players are trying to explore the emerging economies where the demand for halal meat is proliferating. Further, the players are forming strategic partnerships with other brands, and are setting up processing facilities to cater the production demands.

About the Report

This 170-page study offers readers a comprehensive market forecast of the processed meat market. Global, regional and country-level analysis of the latest industry trends impacting the processed meat market is covered in this Fact.MR study. The report offers compelling insights on processed meat market on the basis of product type (beef, pork, poultry, and sheep), form (fresh or chilled, frozen, and shelf-stable), nature (organic and conventional), buyer type (food processor & manufacturer, HoReCa sector, household & residential buyers), sales channel (traditional grocery stores, supermarket/hypermarket, internet retailing, convenient store/forecourt retailers, discounters, and other sales channels) across seven regions (North America, Latin America, Europe, CIS & Russia, Japan, APEJ, and MEA).

Explore Fact.MR's Comprehensive Coverage on Food and Beverages Landscape

Food Thickening Agents Market - Learn more about the major influencing factors affecting the food thickening agents market which is set for strong growth during the projection period (2019-2028).

Snus Market- Acquire in-depth insights about the global snus market through Fact.MR's detailed report covering end-use segments, market dynamics, recent material developments and prominent market players for the forecast period of 2019-2029.

Plant-Based Cheese Market- Obtain Fact.MR's exhaustive analysis on the global plant-based cheese market spanning dynamic market factors, key trends and successful strategies of market leaders projected for 2019-2027.

About Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the veteran research team at Fact.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over a thousand reports and 1 million+ data points, the team has scrutinized the Food & Beverages sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.Fact.MR's latest market insights and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

Contact:

Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: [email protected]
Web: https://www.factmr.com/
PR- https://www.factmr.com/media-release/1324/processed-meat-demand

SOURCE: FactMR

Topic:
Product Announcements
Back to newsroom
Back to Newsroom
Share by: