What is Processed Meat Market Scope?
The adoption of a fast-paced life has initiated a new trend of fast food consumption. Longer working hours leave limited time for young adults to have a home-cooked meal. Processed meat refers to meat which is enriched with various additives/preservatives such as salts, acidifiers, minerals, and other seasoning & flavoring agents. Meat is chiefly processed to improve its quality, preserve it from decay, and to add flavors to its original composition. furthermore growth in the retail market and greater purchasing power of consumers in emerging countries are driving the growth of the processed meat market.
The Processed Meat market study is being classified by Type (Chilled, Frozen and Canned/Preserved) and major geographies with country level break-up.
Global processed meat market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Processed Meat market throughout the predicted period.
BRF SA (Brazil), Conagra Brands Inc. (United States), Tyson Foods Inc. (United States), Cherkizovo Group (Russia), Foster Farms (United States), Hormel Foods (United States), Koch Foods (United States), Marfrig Group (Brazil) and National Beef Packing Company LLC (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Processed Meat market by Type, Application and Region.
On the basis of geography, the market of Processed Meat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their development strategies
In August 2018, Tyson Food Inc,. announced that they have acquired Keystone Foods business, a major supplier to global food industry. This acquisition will help the company to expand their presence in the market and provide more innovative products to their customers. Six processing plants in Georgia, North Carolina, Wisconsin, Pennysylvania, Kentucky, Alabama and Wisconsin are part of this acquisition
Influencing Market Trend
- The Increasing Consumption of Meat across the World
- High Adoption for the Packaged Food due to Increasing Number of the Working Women's
- Increasing Per Capita Consumption of Red Meat
- High Adoption of Ready-to-Eat and Ready-to-Cook Meat Products
- The Increasing Food Industry across the Developed and Developing Countries
- Technological Advancement in the Processing Technology
- The Increase in Obesity and Diabetics Concern due to High Intake of Processed Meat Products
- The Stringent government regulation Associated with Food Products
Key Target AudienceProcessed Meat Manufacturer, Processed Meat Suppliers, Processed Meat Distributor, Government Regulatory Bodies, PrivateReaserch Organization, Government Research Organization and Others
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