Global Processed Meat Market foreseen to reach around USD 10 billion by 2025

1. Surge in urban populations promotes the growth in Global Processed Meat Market Global Processed Meat Market foreseen to reach around USD 10 billion by 2025 North America commands the business share in Global Processed Meat Market Market overview: The global Processed Meat Market was worth USD 6.8 billion in 2019, and it is estimated that it will reach a valuation of USD 9.7 billion by 2025 at a CAGR of 5.2% during the projection period. Processed meat is preserved to improve the flavor or extend the shelf life of edible animal meat. Processed meat products include bacon, hot dogs, salami, corned beef, ham, hot dogs, and jerky. Recent developments: February 2018: Tyson Foods Inc is already focusing on innovation and brand building to keep million-dollar brands favoured by modern and relevant customers. Market Drivers and Restrains: The increase in the disposable income of the urban population has driven the demand for processed products that will drive the growth of the processed meat market. Also, the busy urban life of many has changed the preference for convenient food, which requires less time and effort to cook food. Meat processing helps keep meat products fresh, improves shelf life and maintains the quality of meat products for a long time. The growing preference for meat and ready-to-eat meals among urban consumers is increasing demand for processed meats which is expected to drive growth in the global processed meat market. Product availability has led to a significant increase in adoption in the GCC countries, which is accelerating the growth of the processed meat market. Additionally, meat products such as hot dogs are gaining popularity in the region and the market for processed meats is growing as adoption of these products increases. In addition, due to changes in meat preservation technology, the rate

2. of processed meat production is high, making it easier to obtain in developing and undeveloped countries. Increased meat consumption in these regions to generate profitable opportunities. However, the increase in meat consumption in the countries of the region is creating valuable opportunities for the main players. Increasing demand from developing countries present in the region is expected to create new growth opportunities during the forecast period. Adopting processed meats is becoming more difficult as concerns rise about the risk of cancer and heart disease due to unhealthy lifestyles and a high consumption of processed foods. Despite these growth prospects, there are several measures in place to limit the growth of the fresh processed meat market, such as rising levels of obesity, demand for high-protein and lean meat, and the rise of fresh predators. To know more read: https://www.marketdataforecast.com/market-reports/global-processed-meat- market Report is segmented as: The processed meat market can be classified into hardened and unprocessed products depending on the product. Hardening processing had the largest share of this market in 2019. Depending on the type of meat, the market can be segmented into poultry, pork, lamb, beef, and other meats. Processed pork has been another key segment of this market as demand for a variety of processed pork products like hot dogs, bacon, hamburgers and trotters has increased. Geographical Segmentation: North America was the prominent region in processed meat market and is likely to see significant progress in the coming years. The Asia-Pacific region is the second largest region with the contribution from the Chinese processed meat market. In addition, these areas are likely to see notable developments in the future use of processed meat. This development in the processed meat market contributes mainly to the growing demand for meat, combined with higher disposable income. The European processed meat market is expected to show modest development as awareness among users increases.

3. Impact of COVID 19 on Processed Meat Market COVID-19 players with strong distribution networks in the processed meat market are restocking their inventory on the shelves. This is a response to panic buying behavior among customers. However, Smithfield Farms, JBS USA, Tyson Foods Inc. and several companies, such as Cargill Inc., have closed meat processing plants due to the COVID-19 pandemic, which is expected to limit the supply of raw materials for the processed meat. Key market players: Major companies participating in the global processed meat market include JBS, Smithfield Foods, Inc., NH Foods Ltd, ConAgra Foods Inc., National Beef Packing Company, LLC, Cargill Incorporated, Tyson Foods Inc, Cherkizovo Group PJSC and above all the OSI Group. View sample and decide: https://www.marketdataforecast.com/market-reports/global-processed-meat- market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.

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