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Processed Poultry Meat Market Dynamics, Analysis, Supply Demand and Forecast 2020 | Top Key Players: BRF S.A., Cherkizovo Group, Hormel Foods Corporation, Marfrig Global Foods S.A., Nippon Meat Packers, Inc

04-22-2019 11:41 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Processed Poultry Meat Market

Processed Poultry Meat Market

Processed Poultry Meat Market Report, published by Allied Market Research, forecasts that the global market is expected to $289.16 billion by 2020, registering a CAGR of 6.4% during the period 2015-2020. Poultry meat has a higher demand among consumers compared to pork, beef or goat meat, as it is comparatively cheaper and contains lower content of saturated fats. Processed poultry meat has been gaining popularity among consumers due to the lesser preparation time. North America is the largest market of processed poultry meat. However, Asia Pacific would be the fastest growing region during the forecast period.

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In 2014, the chicken poultry meat segment contributed the highest market share in the processed poultry meat market and would continue to maintain this trend over the forecast period. Chicken processed poultry meat has a substantial demand worldwide, followed by turkey meat, as these are relatively cheaper and contain a high protein content as compared to pork and beef meat. Asia Pacific region is the highest consumer of unprocessed chicken meat in the world. However, the demand of processed chicken meat has increased in the recent years owing to the increased preference of processed and convenience foods among the consumers in this region.

Top Market Players
• BRF S.A.
• Cherkizovo Group
• Hormel Foods Corporation
• Marfrig Global Foods S.A.
• Nippon Meat Packers Inc.
• Tyson Foods Inc.
• Smithfield Foods Inc.
• Sanderson Farms
• JBS S.A.
• Cargill Inc.

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Cured processed poultry meat products generated the highest market revenue in 2014. These products contain nitrites, which prevents the growth of pathogenic bacteria and increases the shelf life of the products. In addition, nitrites are used in cured meat to enhance the quality of the product.

However, consumption of excess amount of nitrates can cause health-related risks. Uncured poultry meat is in high demand in the market, owing to the use of natural preservatives. Thus, uncured processed poultry meat market is expected to grow at a higher CAGR during the forecast period.

The end user segment of the processed poultry meat comprises of retail and food service industries. Retail segment, being the biggest consumer, contributed a significant share of the market in 2014. However, food service user segment would witness a higher CAGR of 6.9% during the forecast period, as these industries prefer using processed poultry meat over fresh meat. Processed poultry products require less preparation time, eventually reducing the customer wait time; hence, their popularity has increased among food service providers.

Key Findings of Processed Poultry Meat Market:
• North America was the largest market of chicken processed poultry chicken meat in 2014 and would continue to maintain this trend during the forecast period
• Uncured processed poultry meat segment would grow, registering a CAGR of 7.7% during the forecast period, owing to rising health consciousness among consumers
• Retail user segment would witness significant growth in the Asia Pacific region by 2020, as global retailers are projected to expand their market presence in this region

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About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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