Market Overview

Global Processed Meat Market 2018-2023 - Convenience Products are the Future -


The "Global
Processed Meat Market - Growth, Trends, and Forecast (2018 - 2023)"

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The global processed meat market is expected to register a CAGR of 6.8%
during the forecast period of 2018 to 2023.

Convenience Products are the Future

Factors such as hectic lifestyle, rapid urbanization, adoption of new
lifestyle trends and food habits will drive the demand for packaged,
ready-to-eat, and convenience food such as processed meat. Growth in
food service and retail industry has led to increased supply of
processed meat products.

Demand for meat products has also been influenced by variety, prices and
services that the food retail firms have been offering to their
customers. Innovation in meat processing technologies has led to the
introduction of diverse products in the market thus ensuring bigger
consumer base. The growing demand for frozen food products across the
globe will also drive the processed meat market.

Increasing obesity level due to high intake of processed food is the
main factor which is hampering the adoption rate of processed meat.

Other Key Highlights

  • Frozen Meat is the Fastest Growing Segment
  • Poultry Meat is the Most Preferred Type
  • North America Leading at the Regional Front

Competitive Insight

The key players in the global processed meat market are focused on the
expansion of the business in the developing regions by setting up new
plants to increase production capacity and also extending the product
line. Mergers and acquisitions of small and medium-sized manufacturers
to enter in overseas market is another strategy adopted by multinational

For instance, Siniora Food Industries acquired Diamond Meat Processing a
UAE based company for USD 12 million. The acquisition aims to diversify
and expand their product portfolio of the company. Moreover, Costco
invested USD 180 million to develop poultry farm so that the farm can
produce one-third of all its chickens including raw meat.

Key Topics Covered

1. Introduction

2. Market Insights

3. Market Dynamics

4. Market Segmentation

5. Regional Market Analysis

6. Competitive Landscape

7. Company Profiles

  • BRF S.A.
  • Cargill Inc.
  • Cherkizovo Group
  • Foster Farms
  • Hormel Foods Corporation
  • JBS S.A.
  • Koch Foods
  • Marfrig
  • National Beef Packing Company LLC
  • Perdue Farms
  • Pilgrims Pride
  • Sanderson Farms Inc.

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