Press release
Processed Meat Market - GCC Industry Analysis 2024
The GCC processed meat market is rather fragmented and the top six players accounted for a share of just under 35% in 2015. These players are National Food Co., Al Islami Foods, Sunbulah Group, BRF SA, Gulf Food Industries, and Almunajem. Transparency Market Research notes a strong presence of several of these companies in the GCC region.An increasing number of vendors in the processed meat market have been concentrating on diversifying their product portfolio through product innovation and development. Understanding the requirements of the consumers and end users is key in this regard. In July 2015, BRF SA brand Perdigão introduced its line of smoked sausages, hams, and pork cuts.
Download exclusive Sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14666
The opportunity in the GCC processed meat market was pegged at US$760.7 mn in 2015 and, rising at an 8.4% CAGR, is estimated to be worth US$1.5 bn by 2024.
Rest of GCC to Continue its Lead in GCC Processed Meat Market
Based on type of meat, the GCC processed meat market was led by poultry, which accounted for over 43% in 2015 in terms of revenue. Lamb, on the other hand, is anticipated to register a strong growth rate of 8.9% from 2016 to 2024. In terms of volume as well, poultry leads the GCC process meat market while the lamb segment will expand at a rapid pace.
By type of product, frozen processed meats held the dominant share in terms of sales and demand, while the others segment, which comprises shelf-stable meat, will register a CAGR higher than the any of the segments from 2016 to 2024. On the basis of package type, the GCC processed meat market was led by retail packaging and bulk packaging, on the other hand, is projected to expand at a high CAGR during the forecast period.
Geographically, the processed meat market in segmented into Qatar and Rest of GCC. The latter accounted for a whopping 87.7% share in 2015 in terms of revenue. Qatar, on the other hand, will present an 8.8% CAGR from 2016 to 2024, higher than that exhibited by the Rest of GCC segment.
Browse Full Report with ToC: http://www.transparencymarketresearch.com/gcc-processed-meat-market.html
Sales of Processed Meat on the Rise in Developing Economies
Retail is the largest distribution channel for processed meat products across the GCC and the rapidly growing retail sector has played a significant role in the growth of this market. “Modern grocery retailers such as supermarkets, hypermarkets, and convenience stores and traditional retailers such as independent small grocers are both contributing to the sales of processed meat in the GCC region,” the lead analyst states. Developing economies have been witnessing the highest development as far as the retail sector is concerned and this is a key characteristic of the GCC processed meat market.
Product innovation and the rising inflow of tourists also act as major growth drivers. In contrast, the rising cost of raw materials for animal feed serves as a key deterrent to the expansion of the GCC processed meat market.
This review is based on the findings of a TMR report titled “Processed Meat Market (by Meat Type - lamb, poultry, beef; by Product Type - frozen processed meat, chilled processed meat and others; by Package Type - retail packaging and bulk packaging) GCC Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
GCC Processed Meat Market, by Meat Type
Lamb
Poultry
Beef
GCC Processed Meat Market, by Product Type
Frozen Processed Meat
Hot Dogs
Salami
Mortadella
Others
Chilled Processed Meat
Burger
Nuggets
Others
Others (Shelf Stable Meat)
GCC Processed Meat Market, by Package Type
Retail
Bulk
GCC Processed Meat Market, by Region
Qatar
Rest of GCC
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
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 - GCC Industry Analysis 2024 here
News-ID: 396674 • Views: …
More Releases from TMR-Reseach Report
Soy Protein Market : Insights into the Competitive Scenario of the Market
The majority of the global soy protein market in 2015 was taken up by key global players, such as Archer Daniels Midland Company, CHS, Inc., Cargill, Inc., E.I. du Pont de Nemours and Company, and Willmar International. At the time, these players had taken up a share of over 66.2% of the global soy protein market, pointing to a largely consolidated competitive landscape.
By revenue, the global soy protein market was…
Yogurt Market : Influential Factors Determining the Trajectory of the Market.
Transparency Market Research observes that the leading players in the North America Yogurt Market held a share of 74.3% in market in 2016. This mammoth share indicates that the market is highly consolidated with the presence of few strong players. Chobani, Danone, Private Label, Yoplait, and Fage are the top five players. Their dominance can be credited to a diverse and a comprehensive range of products.
The persistent efforts to…
Processed Food Beverage Preservatives Market : Granular View of The Market from …
The vendor landscape of the global processed food and beverage preservatives market features a moderately competitive nature on account of the presence of numerous large and small vendors, observes Transparency Market Research (TMR) in a recent report. Delivery of products consistent with international food safety and quality standards, innovations, and geographical expansion of business operations are some of the strategies adopted by companies in the market to outshine their peers.
Over…
Kosher Salt Market : Comprehensive Evaluation Of The Market Via In-Depth Qualita …
K+S Aktiengesellschaft, Cargill, Inc., and Compass Minerals have been the leaders of the global kosher salt market in 2015 with a collective share of 70.4% of the market value. With such a massive share in the market’s value, the global kosher salt market has been consistently consolidated in nature with only a basic regional scope of growth for localized businesses. However, the global kosher salt market contains a highly unorganized…
More Releases for GCC
GCC Herbal Ingredients and Functional Beverages Market CAGR 5.5% from 2018 to 20 …
According to a new report published by Allied Market Research, titled, "GCC Herbal Ingredients and Functional Beverages Market By Functional Beverage and Herbal Ingredients: GCC Opportunity Analysis and Industry Forecast, 2018-2027," The herbal ingredients market was valued at $46.4 million in 2017 and is projected to reach $73.5 million by 2027, registering a CAGR of 4.9% from 2018 to 2027. The functional beverages market revenue was valued at $750.2 million…
GCC Artificial Intelligence Market
When any business seek to lead the market or make a mark in the market as a fresh emergent, market research report is always central. A comprehensive GCC Artificial Intelligence Market report encompasses a market data that provides a detailed analysis of the ABC industry and its impact based on applications and different geographical regions. The report gives current as well as upcoming technical and financial details of the industry…
GCC LED Lighting Market
According to the latest report by IMARC Group, titled "𝗚𝗖𝗖 𝗟𝗘𝗗 𝗟𝗶𝗴𝗵𝘁𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁: 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗧𝗿𝗲𝗻𝗱𝘀, 𝗦𝗵𝗮𝗿𝗲, 𝗦𝗶𝘇𝗲, 𝗚𝗿𝗼𝘄𝘁𝗵, 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝟮𝟬𝟮𝟮-𝟮𝟬𝟮𝟳", the GCC LED lighting market size reached a value of US$ 689.2 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,452.1 Million by 2027, exhibiting a CAGR of 14.1% during 2022-2027..
𝗬𝗲𝗮𝗿 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗲𝗱 𝘁𝗼 𝗘𝘀𝘁𝗶𝗺𝗮𝘁𝗲 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲:
Base Year of the Analysis: 2021
Historical Period:…
GCC Contact Lens Market Size, Growth Opportunities, Statistics, Market Scope, Tr …
The GCC Contact Lens Market Report provides a thorough study of the competitive landscape, market participants, geographical regions, and application areas. In order to comprehend future demand and industry prognosis, the research includes a complete assessment of growth variables, market definitions, manufacturers, market potential, and influential trends. The research also contains a comprehensive analysis of the market, taking into account key growth-influencing elements.
The study gives a detailed breakdown of important…
GCC Connected Medical Devices Market Size, Growth Opportunities, Statistics, Mar …
The research report GCC Connected Medical Devices Market Analysis, 2027 published by MarkNtel Advisors is a comprehensive study of the industry's historical, current, & forecasted trends, prepared after rigorously analyzing aspects like growth drivers, restraints, opportunities, challenges, & demand scenarios in order to help stakeholders make informed decisions while investing in the Market, i.e., projected to witness around 20.19% CAGR during 2022-27.
The report comprises detail-driven data associated with the current…
GCC Digital Signage Market-(2017-2023)
Market Forecast By Components (Display Screens, Content Players and Software), By Display Screen Types (Single Screen, Video Wall or Multi Screen and Digital Signage Kiosk), By Display Screen Technologies (LED, OLED and QLED), By Display Screen Size (Below 40", 40"-55" and Above 55"), By End User Applications (Government & Transportation, Retail, Healthcare & Hospitality, Education, Entertainment, Banks & Financial Institutions and Commercial Offices & Buildings), By Countries (Saudi Arabia, Bahrain…