Sarasota, FL, Feb. 08, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Processed Meat Market (Cured Processed, Uncured Processed and Others) by Meat Type (Poultry, Pork, Mutton, Beef and Other); by Types (Chilled Processed Meat, Frozen Processed Meat, Canned/Preserved Meat and Meat Products and Frozen Processed Red Meat): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, the global processed meat market was valued at around USD 714.00 billion in 2016 and is expected to reach approximately USD 1,567.00 billion by 2022, growing at a CAGR of around 14.0% between 2017 and 2022.
Processed meat is derived from the processing and treatment of meat to prolong its shelf life and to enhance its taste. Meat is mainly processed to improve its shelf life, quality and preserve it from decay and to add flavors to its original composition.
Browse through 82 Market Tables and 25 Figures spread through 110 Pages and in-depth TOC on “Global Processed Meat Market: By Type, Product, Size, Share, Trends, Segments, Analysis, Segment and Forecast 2016 – 2022”.
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Processed meat is expected to exhibit high gains in light of increasing demand for processed meat coupled with increasing disposable income in emerging countries. Moreover, rising consumer awareness regarding animal protein rich diet and large varieties of processed meat available in the market at lower prices is further expected to boost the demand for processed meat. However, health awareness regarding consumption of processed meat due to its side effects may curb the market growth. Nonetheless, meat consumption in developing countries is continuously increasing. Thus, increasing demand from emerging economies is expected to open up new growth opportunities within the forecast period.
Some of the key products include cured processed, uncured processed and others. In terms of volume, cured processed was the largest segment and is expected to witness exponential growth in the near future. These products contain nitrites, which used to prevent the growth of pathogenic bacteria and increase the shelf life of the meat. Uncured poultry meat is another key outlet of this market.
Browse the full "Processed Meat Market (Cured Processed, Uncured Processed and Others) by Meat Type (Poultry, Pork, Mutton, Beef and Other); by Types (Chilled Processed Meat, Frozen Processed Meat, Canned/Preserved Meat and Meat Products and Frozen Processed Red Meat): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022" report at https://www.zionmarketresearch.com/report/processed-meat-market
Processed meat market can be categorized on the basis of meat type into poultry, pork, mutton, beef and other processed meat. Processed poultry dominated the segment of this market and it accounted for significant share of the overall market in 2016. Processed pork is expected to witness the fastest growth over the years to come. This growth can be attributed to growing demand for different processed pork products such as sausages, bacon, hamburgers, and trotters.
Based on types, the processed meat market can be segmented into chilled processed meat, frozen processed meat, canned/preserved meat and meat products and frozen processed red meat. Chilled processed meat was the leading segment and is expected to show strong growth within the forecast period. This is mainly due to increase demand for quick meal. Frozen processed meat is also expected to show significant growth in the years to come.
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North America’s dominance in the processed meat market is expected to continue in the years to come, primarily driven by the U.S. market. North America accounted for over 30% share of total market share in 2016. Increasing population coupled with high demand for protein products is further expected to drive the market growth in the years to come. Increasing consumption of red meat in Mexico is expected to have a positive impact on the growth of the market.
Asia Pacific is another key market in the global processed meat market. This growth is mainly attributed to strong economic growth coupled with increasing demand for processed meat. Moreover, increasing in food service and retail industry in Asia has led to increased supply of processed meat products. China over the last decade has emerged as the largest consumer of processed meat market.
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In Europe consumption of processed meat has slowed down due to increasing awareness among the people about the health hazards of processed meat. Russia is expected to witness the fastest growth rate in Europe on account of increasing demand for processed meat.
Middle East & Africa is estimated to witness significant growth during the forecast period. Increasing demand for instant food has, in turn, made the region a potential growth of processed meat market. Latin America is another key region expected to exhibit substantial growth in the years to come. The Latin America processed meat market is led by Brazil. Also, rising demand for meat as a source of protein is expected to drive the market growth in the near future.
Some of the key players operating in this market such as JBS SA, Pilgrims Pride Corp., Sysco Corp., Advance Pierre Foods, Hormel Food, Tyson Foods Inc., Cargill Inc., Keystone Foods, Sanderson farms, BRF S.A., Marfrig Group and others. The major players in the market are focused on the expansion of the business by different new strategies such as setting up the new plant to increase production capacity and also extending the product line.
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This report segments the global processed meat market as follows:
Global Processed Meat Market: Meat Type Segment Analysis
- Poultry
- Pork
- Mutton
- Beef
- Other Processed Meat
Global Processed Meat Market: Product Segment Analysis
- Cured Processed
- Uncured Processed
- Others
Global Processed Meat Market: Types Segment Analysis
- Chilled Processed Meat
- Frozen Processed Meat
- Canned/Preserved Meat And Meat Products
- Frozen Processed Red Meat
Global Processed Meat Market: Regional Analysis
- North America
- U.S.
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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