The global processed meat market grew from $699.7 billion in 2022 to $790.62 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The processed meat market is expected to grow to $1,138.51 billion in 2027 at a CAGR of 9.5%.
The processed meat market consists of sales of processed pork meat, processed mutton meat, processed beef meat, processed chicken meat, processed turkey meat, processed ducks meat, processed crustaceans meat, processed fish meat, and other processed meat. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Processed meat is defined as any meat that has been altered to increase its flavor or prolong its shelf life. Processed meats are cured with sodium nitrite to avoid the growth of the clostridium perfringens and stored in chilling and cold storage during the preservation process. High barrier materials such as polyvinylidene dichloride or ethylene-vinyl alcohol are used for the vacuum packing of processed meat.
North America was the largest region in the processed meat market in 2022. Europe was the second-largest region in the processed meat market. The regions covered in the processed meat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of products in processed meat are chilled, frozen, canned, or preserved. The Chilled meat is preserved to avoid microbial deterioration and spoilage of the meat product. Chilled meat is allowed to freeze in the atmosphere at -4 degrees Celcius and is cured with nitrite, antioxidant, and flavoring properties. The different processing includes fresh processed meat, raw cooked meat, precooked meat, raw fermented sausages, cured meat, dried meat, and others and involves various meat types such as poultry, beef, mutton, pork, and others. it has both organic and conventional nature and is distributed through various channels such as supermarket/hypermarkets, grocery stores, specialty retailers, online stores, and others.
The increasing consumption of various processed food products is expected to propel the growth of the processed meat market going forward. Food that has been frozen, canned, cooked, packaged, or modified in nutritional composition through fortification, preservation, or preparation in various ways is considered processed food. Processed meat provides several advantages, including a better taste, a lower risk of meat-borne infections, a longer shelf life, and a high degree of portability. For instance, according to Standard Process Inc., a US-based food supplements company report published in 2020, processed foods account for about 70% of the American diet. Additionally, according to the agricultural and processed food products export development authority, During the fiscal year 2020-21, India exported 774.11 Megatonne (MT) of processed meat to the world, valued at 1.62 million dollars. Therefore, the increasing consumption of various processed food products drives the growth of the processed meat market.
Plant-based meat is a key trend gaining popularity in the processed meat market. Plant-based meats are foods made from plants that are meant to be a substitute for animal-based meats, such as sausages, steaks, burgers, fillets, bacon, nuggets, and a plethora of other variations of popular cuisines. For instance, in December 2021, ITC Limited, an India-based conglomerate company launched plant-based meat products in recognition of India's growing demand for meat alternatives and vegan meals. To begin, ITC will introduce plant-based burger patties and nuggets that taste like chicken which are the two most popular non-vegetarian frozen food groups.
In April 2021, Agthia Group PJSC, a UAE-based food, and beverage company acquired a 75.02% stake in Ismailia Investments for an undisclosed amount. This acquisition is part of Agthia's ambition to position itself as the region's top fast-moving consumer goods (FMCG) company. Ismailia Investments is an Eqypt-based company that produces frozen chicken and beef products that are sold in Egypt under 4 various brands including Meatland, Atyab, Furat, and Shiketita.
The countries covered in the processed meat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The processed meat market research report is one of a series of new reports that provides processed meat market statistics, including processed meat industry global market size, regional shares, competitors with a processed meat market share, detailed processed meat market segments, market trends and opportunities, and any further data you may need to thrive in the processed meat industry. This processed meat market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major players in the processed meat market are Cargill, Tyson Foods, National Foods, Hormel Foods Corporation, Smithfield Foods Inc., Pilgrim's Pride Corporation, Conagra Foodservice Inc., BRF SA, Foster Farms, JBS S.A., Koch Foods, Marfrig, National Beef Packing Company LLC, Sanderson Farms, Marel hf, Perdue Farms, Sadia S.A., and Danish Crown.
This product will be delivered within 1-3 business days.
The processed meat market consists of sales of processed pork meat, processed mutton meat, processed beef meat, processed chicken meat, processed turkey meat, processed ducks meat, processed crustaceans meat, processed fish meat, and other processed meat. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Processed meat is defined as any meat that has been altered to increase its flavor or prolong its shelf life. Processed meats are cured with sodium nitrite to avoid the growth of the clostridium perfringens and stored in chilling and cold storage during the preservation process. High barrier materials such as polyvinylidene dichloride or ethylene-vinyl alcohol are used for the vacuum packing of processed meat.
North America was the largest region in the processed meat market in 2022. Europe was the second-largest region in the processed meat market. The regions covered in the processed meat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of products in processed meat are chilled, frozen, canned, or preserved. The Chilled meat is preserved to avoid microbial deterioration and spoilage of the meat product. Chilled meat is allowed to freeze in the atmosphere at -4 degrees Celcius and is cured with nitrite, antioxidant, and flavoring properties. The different processing includes fresh processed meat, raw cooked meat, precooked meat, raw fermented sausages, cured meat, dried meat, and others and involves various meat types such as poultry, beef, mutton, pork, and others. it has both organic and conventional nature and is distributed through various channels such as supermarket/hypermarkets, grocery stores, specialty retailers, online stores, and others.
The increasing consumption of various processed food products is expected to propel the growth of the processed meat market going forward. Food that has been frozen, canned, cooked, packaged, or modified in nutritional composition through fortification, preservation, or preparation in various ways is considered processed food. Processed meat provides several advantages, including a better taste, a lower risk of meat-borne infections, a longer shelf life, and a high degree of portability. For instance, according to Standard Process Inc., a US-based food supplements company report published in 2020, processed foods account for about 70% of the American diet. Additionally, according to the agricultural and processed food products export development authority, During the fiscal year 2020-21, India exported 774.11 Megatonne (MT) of processed meat to the world, valued at 1.62 million dollars. Therefore, the increasing consumption of various processed food products drives the growth of the processed meat market.
Plant-based meat is a key trend gaining popularity in the processed meat market. Plant-based meats are foods made from plants that are meant to be a substitute for animal-based meats, such as sausages, steaks, burgers, fillets, bacon, nuggets, and a plethora of other variations of popular cuisines. For instance, in December 2021, ITC Limited, an India-based conglomerate company launched plant-based meat products in recognition of India's growing demand for meat alternatives and vegan meals. To begin, ITC will introduce plant-based burger patties and nuggets that taste like chicken which are the two most popular non-vegetarian frozen food groups.
In April 2021, Agthia Group PJSC, a UAE-based food, and beverage company acquired a 75.02% stake in Ismailia Investments for an undisclosed amount. This acquisition is part of Agthia's ambition to position itself as the region's top fast-moving consumer goods (FMCG) company. Ismailia Investments is an Eqypt-based company that produces frozen chicken and beef products that are sold in Egypt under 4 various brands including Meatland, Atyab, Furat, and Shiketita.
The countries covered in the processed meat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The processed meat market research report is one of a series of new reports that provides processed meat market statistics, including processed meat industry global market size, regional shares, competitors with a processed meat market share, detailed processed meat market segments, market trends and opportunities, and any further data you may need to thrive in the processed meat industry. This processed meat market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major players in the processed meat market are Cargill, Tyson Foods, National Foods, Hormel Foods Corporation, Smithfield Foods Inc., Pilgrim's Pride Corporation, Conagra Foodservice Inc., BRF SA, Foster Farms, JBS S.A., Koch Foods, Marfrig, National Beef Packing Company LLC, Sanderson Farms, Marel hf, Perdue Farms, Sadia S.A., and Danish Crown.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Processed Meat Market
What is the estimated value of the Global Processed Meat Market?
What is the growth rate of the Global Processed Meat Market?
What is the forecasted size of the Global Processed Meat Market?
Who are the key companies in the Global Processed Meat Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 790.62 billion |
| Forecasted Market Value ( USD | $ 1138.51 billion |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Global |
Table of Contents
1. Executive Summary2. Processed Meat Market Characteristics
3. Processed Meat Market Trends And Strategies
4. Processed Meat Market - Macro Economic Scenario
4.1 COVID-19 Impact On Processed Meat Market
4.2 Ukraine-Russia War Impact On Processed Meat Market
4.3 Impact Of High Inflation On Processed Meat Market
5. Processed Meat Market Size And Growth
5.1. Global Processed Meat Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Processed Meat Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Processed Meat Market Segmentation
6.1. Global Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Chilled
- Frozen
- Canned Or Preserved
- Fresh Processed Meat
- Raw Cooked Meat
- Precooked Meat
- Raw Fermented Sausages
- Cured Meat
- Dried Meat
- Other Processings
- Poultry
- Beef
- Mutton
- Pork
- Other Meat Types
- Organic
- Conventional
- Supermarket Or Hypermarket
- Grocery Stores
- Specialty Retailers
- Online Stores
- Other Distribution Channels
7.1. Global Processed Meat Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Processed Meat Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Processed Meat Market
8.1. Asia-Pacific Processed Meat Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Processed Meat Market
9.1. China Processed Meat Market Overview
9.2. China Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Processed Meat Market
10.1. India Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Processed Meat Market
11.1. Japan Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Processed Meat Market
12.1. Australia Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Processed Meat Market
13.1. Indonesia Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Processed Meat Market
14.1. South Korea Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Processed Meat Market
15.1. Western Europe Processed Meat Market Overview
15.2. Western Europe Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Processed Meat Market
16.1. UK Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Processed Meat Market
17.1. Germany Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Processed Meat Market
18.1. France Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Processed Meat Market
19.1. Eastern Europe Processed Meat Market Overview
19.2. Eastern Europe Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Processed Meat Market
20.1. Russia Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Processed Meat Market
21.1. North America Processed Meat Market Overview
21.2. North America Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Processed Meat Market
22.1. USA Processed Meat Market Overview
22.2. USA Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Processed Meat Market
23.1. South America Processed Meat Market Overview
23.2. South America Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Processed Meat Market
24.1. Brazil Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Processed Meat Market
25.1. Middle East Processed Meat Market Overview
25.2. Middle East Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Processed Meat Market
26.1. Africa Processed Meat Market Overview
26.2. Africa Processed Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Processed Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Processed Meat Market Competitive Landscape And Company Profiles
27.1. Processed Meat Market Competitive Landscape
27.2. Processed Meat Market Company Profiles
27.2.1. Cargill
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Tyson Foods
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. National Foods
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Hormel Foods Corporation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Smithfield Foods Inc
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Processed Meat Market
29. Processed Meat Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Processed Meat Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on processed meat market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered
1) By Product: Chilled; Frozen; Canned Or Preserved2) By Processing: Fresh Processed Meat; Raw Cooked Meat; Precooked Meat; Raw Fermented Sausages; Cured Meat; Dried Meat; Other Processings
3) By Meat Type: Poultry; Beef; Mutton; Pork; Other Meat Types
4) By Nature: Organic; Conventional
5) By Distribution Channel: Supermarket Or Hypermarket; Grocery Stores; Specialty Retailers; Online Stores; Other Distribution Channels
Companies Mentioned: Cargill; Tyson Foods; National Foods; Hormel Foods Corporation; Smithfield Foods Inc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Cargill
- Tyson Foods
- National Foods
- Hormel Foods Corporation
- Smithfield Foods Inc
- Pilgrim's Pride Corporation
- Conagra Foodservice Inc.
- BRF SA
- Foster Farms
- JBS S.A.
- Koch Foods
- Marfrig
- National Beef Packing Company LLC
- Sanderson Farms
- Marel hf
- Perdue Farms
- Sadia S.A.
- Danish Crown
Methodology
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