openPR Logo
Press release

Processed Meat Market Projected To Reach Approximately USD 497.1 Billion By 2030: Allied Market Research

07-20-2022 06:44 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Processed Meat Market

Processed Meat Market

According to the report, the global processed meat industry was estimated at $319.6 billion in 2020, and is anticipated to hit $497.1 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.

Drivers, restraints, and opportunities-
Rapid urbanization, high-end technological advancements that facilitate transportation, and increasing penetration of retail chains in the emerging markets drive the growth of the global processed meats market. On the other hand, the carcinogenic content in processed meat hampers the growth to some extent. However, rise in preference for organic meat is projected to create lucrative opportunities in the sector.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6968

Key players in the industry-

Cargill
Tyson Foods, Inc.
Incorporated
Hormel Foods Corporation
OSI Group
JBS S.A.
Koch Foods, LLC.
Perdue Farms, Inc.
Smithfield Foods, Inc.
American Foods Group, LLC.
Swiss Meat & Sausages Co.

COVID-19 scenario-

Hotels, restaurants, and cafes play an important role in the distribution channel of the processed meat market. But, the global lockdown, especially during the initial phase of the pandemic, disrupted the entire supply chain, thereby impacted the processed meat market negatively.
Dine-in facilities were limited for customers at the restaurant chains. The cafes were completely closed, while the hotels were closed owing to travel restrictions. These factors affected the market significantly.
However, as the global situation is getting better, the market is anticipated to recoup soon.

Request For Customization: https://www.alliedmarketresearch.com/request-for-customization/6968

The poultry segment to retain the lion's share-
On the basis of meat type, the poultry segment held the major share in 2020, garnering around two-fifths of the global processed meat market, due to the presence of higher protein content in the items. The pork segment, on the other hand, is expected to register the fastest CAGR of 5.1% throughout the forecast period. This is because processed pork meat has prolonged shelf life and offers high convenience to the consumers.

The frozen segment to dominate by 2030-
On the basis of product type, the frozen segment contributed to the lion's share in 2020, holding more than two-thirds of the global processed meat market. Growing need to increase the shelf life of frozen meat products propels the growth of the segment. However, the canned segment is projected to manifest the fastest CAGR of 5.9% from 2021 to 2030, due to increasing demand for convenience food products.

North America held the major share in 2020-
By region, the market across North America dominated in 2020, garnering nearly two-fifths of the global processed market. Higher demand for ready-to-cook and ready-to-eat food products in the region boosts the market growth. Simultaneously, the Asia-Pacific region is expected to cite the fastest CAGR of 6.9% throughout the forecast period. This is attributed to rapid urbanization, rise in disposable income, and growing penetration of e-commerce in the region.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6968

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Processed Meat Market Projected To Reach Approximately USD 497.1 Billion By 2030: Allied Market Research here

News-ID: 2685140 • Views: 185

More Releases from Allied Market Research

Snared Devices Market Size to Witness Huge Growth by Key Players: Hill-Rom Holdi …
The Top key players analyzed in the global Snared Devices Market report include Olympus Corporation, Sklar Corporation, and Steris Plc., Boston Scientific Corporation, CONMED Corporation, Cook Medical Inc., Hill-Rom Holdings Inc., Johnson and Johnson, Medline Industries, Inc., Medtronic Plc., Merit Medical Systems, Inc., According to the report published by Allied Market Research, global Snared Devices Market Size was valued at USD 950.2 million in 2021 and it is estimated to
Travel Accommodation Market will grow at CAGR of 11.3% to hit $1,974.30 Billion …
According to a new report published by Allied Market Research, titled, "Travel Accommodation Market by Type, Animal Type, Application, Price Point, and Mode of Booking: Global Opportunity Analysis and Industry Forecast, 2022-2031," The travel accommodation market was valued at $632.80 billion in 2021, and is estimated to reach $1,974.30 billion by 2031, growing at a CAGR of 11.3% from 2022 to 2031. Request The Free Sample PDF Of This Report :
Business Travel Market will grow at CAGR of 13.2% to hit $2,001.1 billion by 202 …
According to a new report published by Allied Market Research, titled, "Business Travel Market by Service, Industry, and Traveler: Global Opportunity Analysis and Industry Forecast, 2021-2028," the global business travel market size is expected to reach $2,001.1 billion by 2028 at a CAGR of 13.2% from 2021 to 2028. Request The Free Sample PDF Of This Report : https://www.alliedmarketresearch.com/request-sample/1605 Business travel or business tourism refers to the activity of travelling
Prefilled Syringes Market Can Revolutionize The Healthcare Industry. Here's how …
According to the report published by Allied Market Research, The global Prefilled Syringes Market Size was valued at USD 5.62 billion in 2020 and it is estimated to surpass around USD 15.73 billion by 2030 with a registered CAGR of 10.8% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is

All 5 Releases


More Releases for Meat

Binders and Scaffolders for Meat & Meat Substitutes Market by Type, Application, …
"Binders function by absorbing water, which improves product yield and thus lowers protein costs." Meat binders are naturally occurring compounds present in a variety of vegetables, fruits, cereal flours, etc. in abundance, and act through their solubility, viscosity, gel-forming ability, water-binding capacity, oil adsorption capacity, fermentability, and mineral and organic molecule binding capacity, which affect the product quality and characteristics. Besides these, high-fiber intake tends to reduce the risk of colon
Global Meat Slicers Market, Global Meat Slicers Industry, Covid-19 Impact Global …
Meat slicers can be utilized for more than just meat. With meat slicer can generate perfectly uniform onion slicer, pepper rings and several others. Anything you can cut with a mandoline, you can cut with a meat slicer. It functions high for anything you want to cut ultra-thin-much better than a knife. A meat slicer, also called a slicing machine, deli slicer or simply a slicer, is a tool utilized
TREND OF ‘CLEAN MEAT’ TO SPUR GROWTH OF MEAT ALTERNATIVES MARKET
The global meat alternatives market is anticipated to see robust growth in the coming years, according to a report by Transparency Market Research (TMR). The market’s vendor landscape features moderate rivalry among players. Established global vendors currently hold a greater market share, and the rest is fragmented among regional and small players. A large variety in the product portfolio acts as a barrier against the entry of new players in
Meat paste Market Driven by Increasing Consumption of Meat Based Products
Meat paste is made by layering dried meat with fermented soybeans along with salted water. Meat paste possesses spicy, harmonious flavor in the combination of roasted and meat odor to provide rich mouth feeling. Meat paste is produced by forcing pork, beef, turkey, chicken etc. in pureed or ground form under high pressure to separate the bone from edible meat tissue. Meat paste is also known as mechanically separated meat,
GCC Processed Meat Market: Increasing Meat Consumption to Create Lucrative Oppor …
The processed meat market in the GCC is primarily driven by the busy lifestyles of consumer in the region over the years. This has caused people to opt for ready-to-consume food items or those that can be served in a short span of time. Aggressive marketing strategies by manufacturers and increased investments in advertising are also responsible for the growing demand for processed meat in the GCC. Other factors driving the
Duck Meat Market Report 2018: Segmentation by Product (fresh duck meat, processe …
Global Duck Meat market research report provides company profile for COOPERATIVE FOIE GRAS DE CHALOSSE, Courtin Hervouet, Delpeyrat, Famille Dumecq – Canard des Landes, Ferme Uhartia, Jean LARNAUDIE, Lu Canard, Luv-a-Duck, TCH Group and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and