Global Processed Red Meat Market Overview:
Processed meat is understood to be any meat that has been changed so as either to boost its taste or to increase its shelf life. strategies of the meat process embrace seasoning, curing, fermentation, and smoking. Processed meat is typically composed of pork or beef. The meat process includes all the processes that modification recent meat with the exception of straightforward mechanical processes like cutting, grinding, or mixing.
- Rising Demand for the Ready to Cook and Ready to Eat Foods in Consumer Market
- Rising Consumer Demand Flavoured and Nutritious Meat Products
- Carcinogenic Effects of the Processed Meat
- Rising Demand of the Processed Meat in Commercial Places for Exotic Food Dishes
- Increasing Demand for Protein Rich Foods in Fitness Industry
- Shifting preferences of People Towards Vegan Diet and Plant-Based Diet
The global market for processed red meat is fragmented by global key players going to the rising demand for processed meat in household and commercial purposes for different recipes and taste differences. The player should focus on product enhancement, higher shelf life, and organic ingredient usage to sustain the high competition.
Some of the key players profiled in the report are Hormel Foods Corporation (United States), Conagra Brands Inc. (United States), Foster Farms (United States), JBS S.A. (Brazil), Tyson Foods Inc. (United States), Smithfield Foods, Inc. (United States), Pilgrim's Pride Corporation (United States), The Kraft Heinz Company (United States) and China Xiangtai Food Co., Ltd. (China). Considering Market by Animal, the sub-segment i.e. Beef will boost the Processed Red Meat market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Processed Red Meat market.
Latest Market Insights:
In 2017, Hormel Foods Corp. has acquired Cidade do Sol, a Brazilian meat processor. This acquisition will help Hormel to build up a new product line with local Brazilian meat taste and better recipes for serving the extended consumer base.
What Can be Explored with the Processed Red Meat Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Processed Red Meat Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Processed Red Meat
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Processed Red Meat market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Processed Red Meat market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Processed Red Meat Manufacturer, Provider/Distributor, Research Institutes, End-User Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Processed Red Meat Market?
The Processed Red Meat market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Processed Red Meat Market?
Top performing companies in the Global Processed Red Meat market are Hormel Foods Corporation (United States), Conagra Brands Inc. (United States), Foster Farms (United States), JBS S.A. (Brazil), Tyson Foods Inc. (United States), Smithfield Foods, Inc. (United States), Pilgrim's Pride Corporation (United States), The Kraft Heinz Company (United States) and China Xiangtai Food Co., Ltd. (China), to name a few.
3. What trending factors would impact Processed Red Meat Market growth most?
"Product Enhancements for Better Texture and Better Tastes" is seen as one of major influencing trends for Processed Red Meat Market during projected period 2020-2026.