Press release
Processed Meat Market – Cargill, Incorporated., Tyson Foods, Inc., National Foods, Hormel Foods Corporation, Smithfield Foods, Inc., Pilgrim’s, Conagra Brands, Inc., Trademark Holdings LLC, Perdue, NH Foods Ltd., BRF SA.
Processed Meat Market
Global Processed Meat Market is expected to rise to an estimated value of USD 1712.33 billion by 2026, registering a healthy CAGR during the forecast period of 2019-2026. This rise in market value can be attributed to rising need of ready-to-eat and convenient food.
Market Definition: Global Processed Meat Market
Processed meats are similar to fresh meat and have been salted, cured, smoked, and fermented for preservatives. It reduces number of microorganisms and increases shelf life spam because processed meats are cooked products. Increasing consumption of meat among population is driving the demand of processed meat globally.
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Market Drivers:
As processed food is rich in protein content, people started consuming more protein in their diet which enhances the demand of this market
Rising disposable income is also driving the growth of this market
Lack of time to cook at home due to busy schedules is also expected to drive the market growth
Increasing pay level of the middle class consumer will also drive the growth of this market
Segmentation: Global Processed Meat Market
By Meat Type
Poultry
Beef
Pork
Mutton
By Type
Chilled
Frozen
Canned/Preserved
By Processing Technology
Fresh Processed Meat
Raw Cooked Meat
Pre Cooked meat
Raw Fermented Sausages
Cured meat
Dries Meat
By Product Type
Cured
Uncured
By Distribution Channel
Hypermarket/Supermarket
Convenience/Departmental Store
Specialty Store
Horeca
Others
By Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa
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Key Developments in the Market:
In August 2018, Tyson Food Inc,. announced that they have acquired Keystone Foods business, a major supplier to global food industry. This acquisition will help the company to expand their presence in the market and provide more innovative products to their customers. Six processing plants in Georgia, North Carolina, Wisconsin, Pennysylvania, Kentucky, Alabama and Wisconsin are part of this acquisition
In October 2016, BRF S.A., Brazilian player in the processed meat market announced its partnership with COFCO meats, a Chinese food company. This partnership will lead to expansion of its products portfolio around globe and will benefit BRF S.A. in formulating strategic plans, access local markets and strengthen BRF’s brand
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Key Market Competitors:
Few of the major competitors currently working in the global processed meat market are Cargill, Incorporated., Tyson Foods, Inc., National Foods, Hormel Foods Corporation, Smithfield Foods, Inc., Pilgrim’s, Conagra Brands, Inc., Trademark Holdings LLC, Perdue, NH Foods Ltd., BRF SA., Foster Farms., JBS, Koch Foods, Marfrig, National Beef Packing Company, LLC, Sanderson Farms, Incorporated, Danish Crown, Diamond Meat Processing LLC, Rica Cold Meats, Bemis Company, Inc., Pendale Foods, and others.
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