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 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.
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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Global Processed Meat Market – Industry Trends and Forecast to 2026