Processed Meat: Demand of Processed Food will impact the Market Growth

Processed Meat Market is considered to be the fresh meat which is modified in a way to improve the shelf life of meat. Processing can be done by smoking, salting, curing and fermentation of the meat. Processing helps to reduce the growth of microorganism and improves the quality of the meat. Some of the processing meat products are bacon, ham, sausages, beef and canned meat, among others.

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The main factors boosting the Processed Meat Market are:

  • Rising disposable income: The growth of middle income group by rise in their disposable income increases the demand of the processed meat in the market. Income is directly related to the consumption, with the rise in the disposable income, the demand gets increased which helps the meat processer to develop more processed food.  
  • Lack of time to cook at home due to busy schedules: Time is the important factor in today’s world. With the rise in the work schedule, demand of the processed meat is increasing due to lack of time to cook food at home. The rising work culture enables the people to eat ready to eat products rather than preparing it by employing their mean time in cooking. Time is money and money helps to resolve the problems, so ultimately the demand of processed meat goes on increasing.

The market is segmented on the basis of type as chilled, frozen, canned/preserved; meat type as poultry, beef, pork , mutton; processing technology as fresh processed meat, raw cooked meat, precooked meat, raw fermented sausages, cured meat, dries meat; product type as cured, uncured; distribution channel as hypermarket/supermarket, convenience/departmental store, specialty store, horeca, others.

Some of the Processed Meat Market developments are as follows:

  • In January 2019, Cargill, Incorporated acquired Konspol Holding Sp. o.o. Chicken processing plant to expand their company in the poultry business by proving value added protein to their customers across the globe. This helps to increase the export capabilities of the company and expand their product portfolio in the market.
  • In August 2018, Indiana Packers Corporation acquired SFG, LLC a manufacturer of processed meat products such as ham and sausages. With the acquisition, IPC will increase their product portfolio in the market. They are improving the quality of protein based animal products. In Asia, USA and Latin America, chicken and pork are considered to be the high protein source, due to this demand of pork and chicken is increasing in the market.

According to Data Bridge Market Research, Global Processed Meat Market is expected to reach USD 1712.33 billion by 2026, growing at a healthy CAGR during the forecast period of 2019 to 2026

Some of the major players operating in the market are Cargill, Incorporated., Tyson Foods, Inc., National Foods, Hormel Foods Corporation, Smithfield Foods, Inc., Pilgrim's, Conagra Brands, Inc., Trademark Holdings LLC, Perdue, NH Foods Ltd., BRF SA., Foster Farms., JBS, Koch Foods, Marfrig, National Beef Packing Company, LLC, Sanderson Farms, Incorporated, Danish Crown, Diamond Meat Processing LLC, Rica Cold Meats, Bemis Company, Inc., Pendale Foods, and others.

With the adoption of processed food, manufactures are promoting their product and enhancing the quality of the product they offer to their customer. Processed food helps to save time as it contains many nutritional benefits which help in the growth of the body. The high demand is being met with the manufacturers going various innovations in processed meat that can appeal the product quality.

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