Processed Meat Industry Outlook 2025-2029: Market Set to Cross $1295.12 Billion Milestone

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How Large Will the Processed Meat Market Size By 2025?
In recent times, the processed meat market has seen a noteworthy expansion. The market value is projected to escalate from $830.02 billion in 2024 to $908.87 billion in 2025, yielding a compound annual growth rate (CAGR) of 9.5%. The upward trajectory during the historical period is credited to factors such as increased urbanization, alterations in lifestyles, heightened demand for convenience food products, a growing population, and a rise in disposable income.

How Big Is the Processed Meat Market Size Expected to Grow by 2029?
The market size of processed meat is projected to experience substantial growth in the upcoming years. The expected size of the market will reach $1295.12 billion by 2029, with a compound annual growth rate (CAGR) of 9.3%. This growth during the forecast period can be attributed to various factors including the burgeoning growth in the manufacturing sector, an increase in the consumption of packaged foods, a rising population of working women, heightened demand for fresh meat from health-oriented individuals, and growing demand for protein-centric diets. Key trends predicted for the forecast period entail advancements in freezing technology, the rise in premium and artisanal products, demand for customization and personalization, preference for clean label and natural ingredients, and interest in plant-based and alternative proteins.

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Which Key Market Drivers Powering Processed Meat Market Expansion and Growth?
The growth of the processed meat market is set to be driven by a rise in the consumption of assorted processed food products. Frozen, canned, cooked, packaged or nutritionally modified food items through methods like fortification, preservation, or preparation are classified as processed food. Processed meat offers multiple benefits like enhanced taste, lower chances of meat-related infections, extended shelf-life, and more portability. For example, the United States Department of Agriculture, a US federal agency, stated in September 2023 that the US's total value of exported processed food products reached $36.61 billion, marking a growth of 6.63% from $34.19 billion in 2021. Furthermore, Canada's exports for processed food items were worth $12.23 billion, while Mexico's stood at $5.86 billion in 2023. Hence, the rising consumption of a variety of processed food items is set to stimulate the processed meat market's expansion.

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Which Fast-Growing Trends Are Poised to Disrupt the Processed Meat Market?
A prominent trend currently emerging in the processed meat industry is the rising popularity of plant-based meat. These are prepared from plants but intended to serve as alternatives for meats derived from animals, including varieties like sausages, steaks, burgers, fillets, bacon, nuggets and numerous other popular dishes. For example, in July 2024, Beyond Meat, an American company that focuses on creating plant-based meat alternatives that resemble the flavor and texture of animal meats, introduced their latest creation, Sun Sausage. Differing from their previous products, this marks Beyond Meat's inaugural venture into a plant-based product that doesn't try to imitate beef, pork or chicken. This innovative protein product is suitable for various culinary uses and contains healthy ingredients like spinach, bell peppers, brown rice and red lentils. Sun Sausage comes in three unique taste profiles-Pineapple Jalapeno, Pesto, and Cajun- and is available only at Sprouts Farmers Markets throughout the nation.

What Are the Emerging Segments in the Processed Meat Market?
The processed meat market covered in this report is segmented -

1) By Product: Chilled, Frozen, Canned Or Preserved
2) By Processing: Fresh Processed Meat, Raw Cooked Meat, Precooked Meat, Raw Fermented Sausages, Cured Meat, Dried Meat, Other Processing
3) By Meat Type: Poultry, Beef, Mutton, Pork, Other Meat Types
4) By Nature: Organic, Conventional
5) By Distribution Channel: Super market Or Hyper market, Grocery Stores, Specialty Retailers, Online Stores, Other Distribution Channels

Subsegments:
1) By Chilled: Fresh Sausages, Cooked Meats, Sliced Meats
2) By Frozen: Frozen Sausages, Frozen Burgers, Frozen Meat Meals
3) By Canned or Preserved: Canned Meat, Potted Meat Products, Deli Meats

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Who Are the Global Leaders in the Processed Meat Market?
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

Which are the Top Profitable Regional Markets for the Processed Meat Industry?
North America was the largest region in the processed meat market in 2024. Europe was the second-largest region in the processed meat market share. The regions covered in the processed meat market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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