North America Processed Meat Market, By Product Type (Beef, Pork, Goat, Lamb, Chicken, Turkey, Duck, Fish), Type (Fresh Processed Meat, Frozen Meat, Chilled Meat, Canned Meat, Dried / Semi Dried Meat, Fermented Meat, Others), Category (Cured, Uncured), Nature (Conventional, Organic), Packaging Type (Trays, Pouches, Boxes, Cannisters, Others), Packaging Material (Plastic, Glass, Paper / Cardboard, Metal, Others), End-User (Food Service Sector, Household), Distribution Channel (Store-based Retailers, Non-Store Based Retailers), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2029.
Market Analysis and Insights: North America Processed Meat Market
North America processed meat market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.8% in the forecast period of 2022 to 2029 and is expected to reach USD 77,247.59 million by 2029. Increased demand for processed meat in the food and pharmaceutical industries may drive growth in the North America processed meat market.
Processed meat can be defined as meat supplemented with several additives and preservatives such as acidifiers, minerals, salts, and various other seasoning and flavoring agents. The meat is primarily processed to enhance its quality, prevent degeneration, and add flavors to its original composition. It can be red meat or white meat from swine, poultry, cattle, or sea animal meat.
Meat such as beef, pork, turkey, chicken, and lamb are commonly used to produce processed meat. Various processed meat products include pepperoni, jerky, hot dogs, and sausages. Certain preservatives are added to the meat to prevent bacteria and other organisms from spoiling.
Major factors that are expected to boost the growth of the North America processed meat market in the forecast period are the increase in disposable income. Moreover, the decrease in the time taken to cook meat at home because of the hectic lifestyle is estimated further to supplement the growth of the North America processed meat market.
- On the other hand, the rise in the incidences of obesity because of the high consumption of processed meat-based products is projected to impede the growth of the North America processed meat market in the timeline period. In addition, growing fast food and restaurant chains can further provide potential opportunities for the growth of the processed meat market in the coming years. However, the stringent government regulations might further challenge the growth of the North America processed meat market.
The North America processed meat market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the North America processed meat market scenario contact Data Bridge Market Research for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
North America Processed Meat Market Scope and Market Size
North America processed meat market is segmented based on product type, type, category, nature, packaging type, packaging material, end-user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of processing type, the North America processed meat market is segmented into fresh processed meat, frozen meat, chilled meat, canned meat, dried/semi dried meat, fermented meat, and others. In 2022, the fresh processed meat segment is expected to dominate the market due to rising consumer preference for fresh processed meat as it contains high nutrition such as large amounts of L-carnitine, protein, minerals, vitamins, iron, and antioxidants.
- On the basis of product type, the North America processed meat market is segmented into beef, pork, goat, lamb, chicken, turkey, duck, and fish. In 2022, the chicken segment is expected to dominate the market due to the growing popularity of chicken.
- On the basis of category, the North America processed meat market is segmented into cured and uncured. In 2022, the cured segment is expected to dominate the market due to the longer shelf life of cured meat compared to uncured meat.
- On the basis of nature, the North America processed meat market is segmented into organic and conventional. In 2022, the conventional segment is expected to dominate the market due to lower prices of conventional meat.
- On the basis of packaging type, the North America processed meat market is segmented into trays, pouches, boxes, cannisters, and others. In 2022, the pouches segment is expected to dominate the market due to the low weight of pouches.
- On the basis of packaging material, the North America processed meat market is segmented into plastic, glass, paper/cardboard, metal, and others. In 2022, the plastic segment is expected to dominate the market easy to handle nature of plastic packages
- On the basis of end-user, the North America processed meat market is segmented into household and food service sector. In 2022, the food service sector segment is expected to dominate the due to the growing expansion of foodservice sectors in the North American region.
- On the basis of distribution channel, the North America processed meat market is segmented into store based retailers and non-store based retailers. In 2022, the store based retailers segment is expected to dominate the market due to the availability of trained company representatives in supermarkets and hypermarkets.
North America Processed Meat Market Country Level Analysis
North America processed meat market is segmented based on product type, type, category, nature, packaging type, packaging material, end-user and distribution channel.
The countries covered in the North America processed meat market report are the U.S., Canada and Mexico.
The U.S. is expected to dominate the North America processed meat market because of the growing popularity and demand for various processed meat such as chicken, pork, and others in the region. Canada is projected to dominate the region due to growing urbanization and rapid expansion of food services.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of the North American brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players is Boosting the Market Growth of North America Processed Meat Market
North America processed meat market also provides you with a detailed market analysis for every country's growth in a particular market. Additionally, it provides detailed information regarding the market players’ strategy and geographical presence. The data is available for the historical period 2011 to 2020.
Competitive Landscape and North America Processed Meat Market Share Analysis
North America processed meat market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the North America processed meat market.
Some of the major companies dealing in the North America processed meat are Cargill, Incorporated, JBS Foods, Tyson Foods, Inc., Smithfield Foods, Inc., Hormel Foods Corporation, NH Foods Ltd., Louis Dreyfus Company, Koch Foods, HKScan, Gruppo Veronesi, OSI Group, Charoen Pokphand Foods PCL., Perdue Farms Inc., Sanderson Farms, Incorporated., National Beef Packing Company L.L.C., Marfrig, Danish Crown A.M.B.A, The Kraft Heinz Company, among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many contracts and agreements are also initiated by the companies worldwide, which accelerate the North America processed meat market.
For instance,
- In December 2021, Smithfield Foods, Inc. launched its Saratoga Food Specialties, its customized dry seasoning blends, sauces, dressings, and glazes business, which will nearly double its footprint in Southern Nevada. This will help the company for the regional expansion
Collaboration, product launch, business expansion, award and recognition, joint ventures, and other strategies by the market player enhance the company's footprints in the North America processed meat market, which also benefits the organization’s profit growth.
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