Meat-based FPP Market Projected to Reach $991.58 Billion by 2029-Exclusive Report by Meticulous Research®

[Redding, California , 12-02-2024]: Meticulous Research®, a premier global market research firm, has released its latest report titled, "Meat-based FPP Market by Type (Hot Dogs & Sausages, Nuggets, Bacon, Strips, Meatballs, Burger Patties, Wings), Source (Pork, Beef & Veal, Chicken), Distribution Channel (Business-to-Business [B2B], Business-to-Customer [B2C]) - Global Forecast to 2029."

Published recently, the report forecasts a substantial growth trajectory, with the meat-based FPP market expected to reach an impressive $991.58 billion by 2029, representing a robust CAGR of 6.8% during the forecast period 2022-2029.

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Market Overview

The global meat-based FPP industry encompasses ready-to-cook and ready-to-eat meat products, with a surge in fast-food consumption being a key driver behind the increased demand for these products. Meat, in various forms such as hot dogs & sausages, nuggets, bacon strips, meatballs, burger patties, and wings, constitutes the core of further-processed meat products.

Segmentation Insights

The market is segmented based on type, source, distribution channel, and geography, allowing for a comprehensive evaluation at both regional and country levels.

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Key Findings

Type: The hot dogs & sausages segment is poised for rapid growth, fueled by increasing product launches, busy lifestyles, and the popularity of ready-to-eat food, especially during major sports events.

Source: Pork is expected to dominate the market, driven by rising global meat consumption and changes in food consumption patterns.

Distribution Channel: Business-to-Customer (B2C) channels, particularly supermarkets, hypermarkets, and e-commerce platforms, are projected to lead, supported by consumer preferences for convenience and accessibility.

Geography: Asia-Pacific is anticipated to witness substantial growth, attributed to increasing awareness of protein-rich diets and rising demand for meat products in developing countries like China and India.

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Key Players

Leading players in the meat-based FPP market include JBS SA, Tyson Foods, Inc., WH Group Limited, The Kraft Heinz Company, Hormel Foods Corporation, Almunajem Foods, Tanmiah Food Company, Perdue Farms Inc., GCL Food Ingredients, Park Food Manufacturing Pte Ltd, Rosina Food Products, Inc., Buona Vita, Inc., and ARASCO.

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