Processed Meat Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Cargill Incorporated, Tyson Foods Inc., National Foods Limited, Hormel Foods Corporation, Smithfield Foods Inc

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The Business Research Company offers in-depth market insights through Processed Meat Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The processed meat market size has grown strongly in recent years. It will grow from $758.01 billion in 2023 to $830.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to increased urbanization, chang in lifestyles, rise in demand for convenience food products, growing population, increased disposable income.

The processed meat market size is expected to see strong growth in the next few years. It will grow to $1186.25 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rising growth in the manufacturing sector, increasing consumption of packaged foods, growing working women population, increasing demand for fresh meat from the health-conscious population, increasing demand for protein-based diets. Major trends in the forecast period include advancements in freezing technology, premium and artisanal products, customization and personalization, clean label and natural ingredients, plant-based and alternative proteins.

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Market Segmentation:
The main types of products in processed meat are chilled, frozen, canned, or preserved. The chilled meat is preserved to avoid microbial deterioration and spoilage of the meat product. Chilled meat is allowed to freeze in the atmosphere at -4 degrees Celsius and is cured with nitrite, antioxidants, and flavoring properties. The different processing includes fresh processed meat, raw cooked meat, precooked meat, raw fermented sausages, cured meat, dried meat, and others, and involves various meat types such as poultry, beef, mutton, pork, and others. It has both an organic and conventional nature and is distributed through various channels such as supermarkets and hypermarkets, grocery stores, specialty retailers, online stores, and others.

Major Driver - Rising Demand For Processed Food Products Fuels Growth In The Processed Meat Market
The increasing consumption of various processed food products is expected to propel the growth of the processed meat market going forward. Food that has been frozen, canned, cooked, packaged, or modified in nutritional composition through fortification, preservation, or preparation in various ways is considered processed food. Processed meat provides several advantages, including a better taste, a lower risk of meat-borne infections, a longer shelf life, and a high degree of portability. For instance, according to the agricultural and processed food products export development authority, During the fiscal year 2020-21, India exported 774.11 Megatonne (MT) of processed meat to the world, valued at 1.62 million dollars. Therefore, the increasing consumption of various processed food products drives the growth of the processed meat market.

Competitive Landscape:
Major companies operating in the processed meat market include Cargill Incorporated, Tyson Foods Inc., National Foods Limited, Hormel Foods Corporation, Smithfield Foods Inc., Pilgrim's Pride Corporation, Conagra Brands Inc., BRF S.A., Foster Farms, JBS S.A., Koch Foods LLC, Marfrig Global Foods S.A., National Beef Packing Company LLC, Sanderson Farms Inc., Marel hf, Perdue Farms Inc., Sadia S.A., Danish Crown A/S, Keystone Foods LLC, Empire Kosher Poultry Inc., Butterball LLC, Boar's Head Provisions Co. Inc., Applegate Farms LLC, Johnsonville LLC, Farmland Foods Inc., Hillshire Brands Company, Catena Zapata, Malbec wines from various Argentine wineries, Bodegas Muga

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Top Trend - Plant-Based Meat A Growing Trend In The Processed Meat Market
Plant-based meat is a key trend gaining popularity in the processed meat market. Plant-based meats are foods made from plants that are meant to be a substitute for animal-based meats, such as sausages, steaks, burgers, fillets, bacon, nuggets, and a plethora of other variations of popular cuisines. For instance, in December 2021, ITC Limited, an India-based conglomerate company launched plant-based meat products in recognition of India's growing demand for meat alternatives and vegan meals. To begin, ITC will introduce plant-based burger patties and nuggets that taste like chicken which are the two most popular non-vegetarian frozen food groups.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Processed Meat Market Characteristics
3. Processed Meat Market Trends And Strategies
4. Processed Meat Market - Macro Economic Scenario
5. Processed Meat Market Size And Growth
…..
27. Processed Meat Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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