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

[Redding, California, 08-03-2024] - Meticulous Research®, a leading provider of insightful market analysis, unveils its latest comprehensive research 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". The report forecasts a remarkable growth trajectory for the meat-based FPP market, projecting it to reach $991.58 billion by 2029, with a robust CAGR of 6.8% during the forecast period 2022-2029.

The global meat-based FPP industry encompasses an array of ready-to-cook and ready-to-eat meat products, catering to the burgeoning demand spurred by the escalating trend of fast-food consumption. These products, including hot dogs & sausages, nuggets, bacon strips, meatballs, burger patties, and wings, constitute the essence of modern convenience and culinary indulgence.

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Key Market Segments:

Type: Hot Dogs & Sausages, Nuggets, Bacon, Strips, Meatballs, Burger Patties, Wings, and Others.

Source: Pork, Beef & Veal, Chicken, Mutton & Lamb, and Others.

Distribution Channel: Business-to-Business (B2B) and Business-to-Customer (B2C), including modern groceries, convenience stores, specialty stores, online retail stores, and other B2C channels.

Key Findings from the Global Meat-based FPP Market Study:

Based on type, the hot dogs & sausages segment is expected to witness rapid growth in the meat-based FPP market during the forecast period of 2022-2029. The high growth of this segment is mainly attributed to the growing popularity of hot dogs and sausage as ready-to-eat food, increasingly busy lifestyles of the working class, increasing product launches by sausage manufacturers, and the growing frequency of major sports events. Also, the rapidly growing fast-food and ready-to-eat food industries and the increasing trend of on-the-go food products is expected to provide growth opportunities for this segment.

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In 2022, the pork segment is expected to account for the largest share of the meat-based FPP market. The large share of this segment is mainly attributed to the rising global population and increased meat consumption. Further, changes in the food consumption pattern of people worldwide, expansion of the retail market, and easy availability of the product through various sales channels make it convenient for consumers to purchase packaged pork meat products, which also drives the demand for pork meat in the market.

In 2022, the business-to-business (B2C) segment is expected to dominate the meat-based FPP market. The dominant position of this segment is mainly attributed to the growing number of supermarkets and hypermarkets and increased overall product sales from these outlets, consumer preference for shopping from brick-and-mortar grocers due to easy access and availability, and consumers' increasing use of e-commerce platforms for purchasing essential goods.

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Geographical Insights:

The meat-based FPP market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Asia-Pacific is anticipated to witness rapid growth, supported by increasing awareness of protein-rich diets and strong demand for meat products in countries like China and India.

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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