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Global Processed Meat Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Processed Meat Market
Global Processed Meat Market: By Meat Type (Poultry, Mutton, Pork, Beef, and Others), By Product Type (Uncured Meat, Cured Meat, and Others), By Processing Type (Frozen Processed Meat, Chilled Processed Meat, Canned Meat, and Others), By Distribution Channel (Super Markets & Hyper Markets, Online Stores, Departmental Stores, and Others), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Market Outline: Global Processed Meat Market
Processed meat is enriched with various preservatives and additives such as acidifiers, minerals, salts, and other flavoring agents to improve the quality of meat, preserve it from the degradation, and to add flavors to the original composition. Processed meat made from beef, pork, and poultry meat. Meat processing can be done by various methods such as fermentation, salting, smoking, and curing among others.
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Market Dynamics: Global Processed Meat Market
Increase in the global demand for the quality meat coupled with busy working schedules are key drivers for the growth of global processed meat market. Moreover, rapid urbanization, rise in disposable income, rise in awareness about the animal protein, and better availability of huge number of processed meat varieties are anticipated to fuel the market revenue growth. However, stringent regulatory guidelines for the additives usage in meat processing, increase in the prevalence of obesity and other lifestyle disorders, rise in demand for fat-free protein diet, and disease outbreak in livestock are expected to curb the growth of global processed meat market over the forecast years.
Market Scope: Global Processed Meat Market
Global processed meat market is segmented based on meat type, product type, processing type, and distribution channel
Based on the meat type, the market is segmented into the following:
• Poultry
• Mutton
• Pork
• Beef
• Others
Based on product type, market is segmented into the following:
• Uncured Meat
• Cured Meat
• Others
Based on the processing type, the market is segmented into the following:
• Frozen Processed Meat
• Chilled Processed Meat
• Canned Meat
• Others
Based on the distribution channel, the market is segmented into the following:
• Super markets & Hyper Markets
• Online Stores
• Departmental Stores
• Others
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Regional Analysis: Global Processed Meat Market
Geographically, global processed meat market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America processed meat market is poised to grow at significant rate due to rise in demand for processed meat due to busy work schedule in U.S. is anticipated to fuel the market. Europe processed meat market growth is due to rise in demand for the animal protein, increase in the consumption of red meat, and rise in number of livestock industries in the region. However, Asia Pacific processed meat market has a lucrative growth owing to rise in population demand for ready to eat meat products in China, India, and Japan, rapid urbanization, and rise in per capita income are bolster the market.
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Competition Assessment: Global Processed Meat Market
Some of the players in the global processed meat market include:
• Cargill Inc. (U.S.)
• NH Foods Ltd (Japan)
• Tyson Foods Inc. (U.S.)
• Smithfield Foods, Inc. (U.S.)
• National Beef Packing Company, LLC (U.S.)
• Cherkizovo Group PJSC (Russia)
• JBS S.A. (Brazil)
• ConAgra Foods Inc. (U.S.)
• BRF S.A. (Brazil)
Notable Market Developments: Global Processed Meat Market
In June 2017, Smithfield foods Inc. acquired Pini group’s Packaged meat companies for strengthening its supply chain in Poland and increase the high-quality packaged meats products
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