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Processed meat Market - Revenue Predicted To Go Up by 2024 - PMR Report
Processed meat Market, Processed meat
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The global processed meat market is expected to witness a substantial growth with a single digit increase in CAGR from 2013 to 2019. There is a significant increase in the consumption of processed meat with higher disposable income in emerging countries and large number of working women globally.
The key drivers of this market are large varieties of processed meat available in the market place at lower prices. Furthermore growth in retail market and greater purchasing power of consumers in emerging countries are driving the growth of processed meat market. Some of the restraining factors could be government regulations on manufacturing of such products (licensing among others), process of treating meat and rising health concerns among consumers.
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The value chain consists of raising animals, transporting, slaughtering, dressing and cutting, conditioning and final processing. There is a significant backward and forward integration in this sector.
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