Processed Meat Market To Receive Overwhelming Hike In Revenues By 2031

The processed meat market will envisage a moderate 2.2% volume y-o-y growth in 2018 over 2017, opines a recent market study published by Fact.MR. The study finds that steadily growing meat industry and increasing growth of the food processing industry is majorly contributing to the growth of the processed food market.

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The report finds that despite their preference for fresh food products, consumers are looking for convenience as it is becoming challenging for them to prepare elaborative meals at home due to the fast-paced lifestyle the lead. Growing meat production, increasing demand for affordable animal protein, and preference for convenience is expected to provide an impetus to growth of the processed meat market. However, demand is likely to witness moderate growth, as growing vegan trend and growing colorectal cancer concerns stall consumption.



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Pork and Poultry, Together Account for over 3/4th Share in Processed Meat Market



The Fact.MR study finds that, poultry and pork are the top-selling processed meat products globally. Sufficient poultry supplies at relatively low prices and a significant rise in per-capita pork consumption in emerging nations, especially in China, is fueling demand for processed pork and poultry, which is influencing processed meat manufacturers’ leading strategies.

According to a report published by the United States Department of Agriculture (USDA), pork and chicken exports are likely to increase by 3% and 4% respectively in 2019, buoyed by bolstering demand in emerging nations. Robust demand for pork and chicken is expected to drive their production across the globe to reach 114.6 million tons and 97.8 million tons by 2019, according to the USDA report.

Fact.MR finds that processed meat manufacturers are modifying their business strategies to leverage approximately 75% market share of processed poultry meat and pork in envisage incremental growth in the processed meat market in the upcoming years.

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Market Segments Covered in Processed Meat Industry Survey

By Product Type
Processed Beef
Processed Pork
Processed Poultry Meat
Processed Sheep Meat

By Nature
Organic Processed Meat
Conventional Processed Meat

By Form
Fresh or Chilled Processed Meat
Frozen Processed Meat
Shelf Stable Processed Meat

By End-use Application
Processed Meat for Food Processing Industry
Processed Meat for Food Service Industry
Retail Sales of Processed Meat
Hypermarkets/Supermarkets
Traditional Grocery Stores
Convenience Stores
Discount Stores
Online Retail Stores
Others

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Report Benefits & Key Questions Answered

Processed Meat Market Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
Processed Meat Market Market Historical volume analysis: The report provides a comparison of Processed Meat Market Market historical sales and projected sales performance for 2021-2031.
Processed Meat Market Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Processed Meat Market Market It carefully gauges the impact of changing healthcare needs of key demographics globally
Processed Meat Market Market Consumption by demographics: The report investigates consumer behavior affecting Processed Meat Market Market demand outlook for the assessment period. Effect of their keenness for digital trends on Processed Meat Market Market is carefully analyzed
Post COVID consumer spending on Processed Meat Market Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Processed Meat Market Market growth.

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