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Processed Meat Market

Processed Meat Market Size, Share Analysis By Product Type (Beef, Pork, Poultry Meat, Sheep Meat), By Nature (Organic Processed Meat, Conventional Processed Meat), By Form (Fresh or Chilled Processed Meat, Frozen Processed Meat), By End-use Application & Regional Forecast 2021-2031

Analysis of Processed Meat market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Processed Meat Market Outlook

The global processed meat market indicates processed meat market enjoyed year-on-year (YoY) growth of 3.9% in 2021. The report by Fact.MR estimates that the processed meat market accounted for US$ 227.7 Bn in 2021, and the market is expected to witness steady growth at a CAGR of 4.6% through 2031.

Sales of processed meat represents 15%-20% of overall demand in the processed food market. The trend of food traceability among new-age consumers seeking healthy alternatives has fueled major increase in demand for processed food across the world.

Processed Meat Market Size Value in 2020 US$ 219.1 Bn
Forecasted Processed Meat Sales for 2031 US$ 356.6 Bn
Global Market Growth Rate (2021 to 2031) 4.6%
Market Share of Top 10 Processed Meat Manufacturers 5% to 15%

Rapid developments in freezing techniques to increase the shelf life of meat products without sacrificing quality are driving sales of frozen processed meat. Additionally, changing customer preferences are expected to motivate processed beef makers to come up with cutting-edge innovations in terms of look, taste, packaging, and flavors, in order to keep up with the competition in the market.

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Processed Meat Consumption Analysis (2016 to 2020) Vs Market Projections (2021 to 2031)

As per Fact.MR, a market research and competitive intelligence provider, over the past half-decade, global market value for processed meat increased at a CAGR of around 3.5%, owing to increased technological innovation in food processing across regions, and especially Europe.

Meanwhile, sales of processed meat are projected to further increase at a significant CAGR of around 4.6% over the forecast period of 2021 to 2031. Increased demand for packaged food is boosting demand for processed meat across regions.

Demand for halal meat, which is an integral part of the Muslim society, is constantly increasing. Nearly all meat products in the Middle East and North Africa region are halal by default, although demand for halal-certified products is increasing in Asia Pacific as well, which also has a sizable Muslim population.

Rising demand for halal meat presents itself in a variety of ways in various European nations, including France, Germany, and the United Kingdom. Turkish or Arabic specialty stores take advantage of these opportunities by selling halal-certified meat. As a result, sale of halal processed meat throughout Europe has increased.

As a result of adopting a fast-paced lifestyle, fast food consumption is high. Longer work hours leave little time for young adults to prepare a home-cooked meal. As a result, according to current retailers, high-net-worth individuals are increasingly purchasing packaged processed foods. Firms in the processed meat industry with a strong distribution network have been replenishing their shelf inventories in response to consumer panic buying behaviour during COVID-19.

However, due to the COVID-19 pandemic, a number of companies, including JBS USA, Smithfield Farms, Cargill Inc., and Tyson Foods Inc., had closed their meat processing facilities, limiting the availability of raw materials for processed meat.

The market for processed meat, on the other hand, is expected to rebound substantially as the months and years go by, expanding at 4.6% CAGR through 2031.

Processed meat market by product type from Fact.MR

Processed Meat Market

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e-Commerce Sector Driving Sales of Sales Processed Meat

e-Commerce is gaining traction around the world, with more consumers ordering groceries and other food products through smartphone apps. Multiple e-Commerce portals across the world are vying for market share by launching their own food brands. e-Commerce sales of meat patty are expected to pick up pace in the near future due to robust growth in processed beef consumption, which will be augmented by steady demand for processed meat.

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Millions of Consumers with Growing Disposable Income

With a highly urbanized and rapidly growing population, global demand for packaged and processed food and beverages (F&B) is expected to rise. GDP growth of 3.5% will outpace population growth of 1% (CAGR 2021-31), but overall consumer spending on F&B is expected to fall from 8.5% of GDP to approximately 8% by 2031, as food products become more affordable and account for a smaller proportion of overall consumer spending.

Young people under the age of 30 who live in urban areas in Asia Pacific, Sub-Saharan Africa, and Latin America are an accurate description of the key consumers of the future. With their rising income levels and Western influence, and preference for comfortable and convenient food and beverages, this group is the fastest-growing and largest contributor to value sales growth.

This has resulted in high demand for smaller-sized packs, processed meat, and ready meals that are convenient and easy to prepare.

How are Rising Affluence and Healthy Easting Trends Boosting Sales of Processed Beef?

Due to rising affluence and healthy eating trends, emerging countries such as China and India are predicted to contribute significantly to the global meat and poultry industry's growth. Because they are sold by well-established corporations such as the WH Group in China and Godrej Tyson Foods Ltd in India, packaged ground beef is deemed hygienic and of good quality.

These manufacturers have gradually moved their focus from shelf-stable processed meat to chilled processed meat in response to increased consumer demand for more fresh and healthful processed meat products.

Which Region Offers Largest Opportunity for Sales of Processed Meat?

In 2021, sales of processed meat in Europe are expected to be valued at US$ 82.7 Bn, accounting for approximately 36.3% of global sales.

The processed meat sector in Europe is currently and will be over the projected timeline driven by goods premiumization, where consumption of meat remains a popular incorporation. However, over the coming years, where the prevalent "performance over quantity" ideologies are prominent, the "less but good" concept is likely to sneak in. The strategy is particularly effective among wellness and vegetarian or vegan consumers, where the success of premium processed meats is expected to grow in tandem with the region's meat reduction trends.

Country-wise Analysis

Why is There Increased Demand for Meat-based Breakfast Items in the U.S. and Canada?

The North America market is anticipated to witness a lucrative growth rate at a CAGR of 4.1% over the forecast period, owing to increased demand for ground beef from restaurants and cafes.

The U.S. processed meat market is dominating the North America space with a market share of 80.8% in 2021, but demand for pork jerky in Canada is expected to witness a significant growth rate of 5.9% over the decade.

Due to changing appetites and trying out new products, consumers in countries such as Canada and the United States have begun to prefer meat-based breakfast items, such as pork and bacon over other breakfast options such as pancakes.

A sizable proportion of the population in the United States consumes bacon for breakfast, opening the way for more food outlets to offer pork-based breakfasts. Because the meat industry is a point of pride and wealth for many Canadians, the government is taking steps to assist producers and processors of red meat, particularly bacon, in becoming more innovative and competitive in the domestic and global market.

Will Online Retail Propel Sales of Processed Chicken in China?

Market size of processed meat in China is estimated to account for a value of US$ 12.3 Bn in 2021, but consumption of processed meat in Japan is expected to boost the growth of the market at a growth rate of 2.8% over the forecast period.

Online retailing is a new retail channel for processed chicken and processed sheep meat in China, and it is expected to be the fastest-growing channel in terms of sales value over the next few years. The reason behind increase in online retailing sales is the level of comfort it provides for consumers through its comprehensive data-driven process, which assists buyers in selecting the right product for their regular diet.

Frequently, new products are introduced through online platforms in the region that were previously seen in only supermarkets; these factors increase the share of shopping online for processed meat in China.

Are We Witnessing Increased Trade of Frozen Meat in South Asian Countries?

In 2021, India had a market share of 59.3% in South Asia, while demand for processed sheep meat in Malaysia is expected to witness a significant growth rate of CAGR 7.9% over the forecast period.

Increased trade of processed meat such as frozen meat, fresh or chilled pork and shelf stable meat within South Asian countries is fuelling the growth of the Indian market.

Movement toward Snacking and Convenience Food in Germany

According to Fact.MR, sales of processed meat in Germany are estimated to account for 23.7% of the overall Europe market in 2021, but demand for organic processed meat in Russia is anticipated to drive market growth in the country.

Movement toward snacking, convenience, and immediate consumption are all likely to play a role in the Germany processed meat market. The millennial generation indexes at a higher pace than the Baby Boomer generation. Millennial’s increased demand for chicken nuggets is also driving growth of the market.

Constant Developments by Brazilian Processed Meat Manufacturers

According to the most recent estimates by Fact.MR, the Brazil processed meat market size in 2021 is US$ 5.85 Bn, which is expected to witness a lucrative growth rate of CAGR 5.8% over the forecast period.

Because of the shift in consumer demand for safe food products, there has been constant development in food technology, which has led to nanotechnologies and biotechnologies that improve food product quality. Manufacturers such as JBS SA from Brazil are embracing these technologies, which further simplifies the process of producing processed meat.

Because of growing consumer preference for organic products, fast food chains, restaurants, and independent retailers have begun offering processed food products made from organic meat.

Category-wise Insights

Is Organic Processed Meat Gaining Traction in the Global Market?

According to Fact.MR, organic processed meat is anticipated to witness a high growth rate of CAGR 8.1% over the forecast period, owing to increased awareness about the beneficial properties of organic processed meat.

Organic beef is now becoming increasingly popular worldwide due to the numerous health benefits that organic processed meat provides. Organically labelled products have the ability to reduce public health risks for both, consumers and growers. 

Why is There Increased Demand for Processed Beef from the Food Service Industry?

In 2021, the processed beef segment accounted for approximately 46.6% of the global market, but demand for processed sheep meat is expected to rise at a higher CAGR of 7.7% over the decade.

Increased demand for processed beef from restaurants and cafes is boosting the growth of the global market. The processed poultry meat and processed pork segments are also gaining traction owing to increased demand from various end-use industries.

Is Fresh or Chilled Dominating Consumption of Processed Meat?

Based on form, fresh or chilled meat is estimated to be valued at US$ 141.3 Bn in 2021, but frozen meat is expected to witness a prominent growth rate of 6.2% over the forecast period to surpass a value of US$ 60.8 Bn by 2031.

Retail Sales of Processed Meat Accounts for Prominent Market Share

Based on end-use application, processed meat retail sales are estimated to account for a market share of 60.5% in 2021, but the food service industry is expected to witness a prominent growth rate of 6.6% through 2031.

Sales of processed meat via hypermarkets/supermarkets accounted for approximately 36% of the retail sales segment, but sales of processed meat via online retail stores are projected to rise at a CAGR of 5.8% over the next ten years.

Top Processed Meat Companies

The market for processed meat is fragmented in nature, in which unorganized players hold significant share. Top producers of processed meat are focusing on adoption of cold chain services. Development of cold chain infrastructure for chilled or fresh and processed foods is assisting in the growth of processed meat sales as modern retail grows.

Globally, rising consumer need for a healthy diet as well as improved cold chain infrastructure has directly benefited chilled processed meat product manufacturers.

Because a majority of chilled processed meat products and dishes are Western-style, they are frequently positioned as premium products with higher unit prices across Asia Pacific. Customers' preferences in the Middle East and Africa are shifting as a result of improved cold chain services of frozen processed halal meat and poultry.

Fact.MR has provided detailed information about the price points of processed meat of manufacturers positioned across regions, sales growth, production capacity, and speculative production expansion, in the recently published report.

  • In March 2018, Jennie-O introduced 17 new turkey products, including turkey frankfurters and turkey bacon flavors for the U.S. market.
  • In 2020, Tyson Foods Inc., the largest meatpacker in the United States by sales, agreed to buy Tecumseh Poultry LLC, owner of the Smart Chicken brand.

Similarly, recent developments related to companies offering processed meat have been tracked by the team at Fact.MR, which are available in the full report.

Processed Meat Industry Report Scope

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis MT for Volume and US$ Million for Value
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA
Key Countries Covered
  • United States
  • Canada
  • Brazil
  • Mexico
  • Rest of LATAM
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • Rest of Europe
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Rest of South Asia
  • Australia
  • New Zealand
  • South Africa
  • GCC Countries
  • Rest of South Africa
Key Market Segments Covered
  • Product Type 
  • Nature, Form
  • End Use Application
  • Region
Key Companies Profiled
  • JBA SA
  • Hormel Food
  • Harim Co Ltd.
  • Tyson Foods Inc.
  • Danish Crown A/S
  • Cargill Meat Solution Corp.
  • WH Group
  • BRF SA
  • Smithfield Foods, Inc.
  • SYSCO Corp.
  • OSI Group
  • ConAgra Foods Inc.
  • Cherkizovo Group PJSC
  • Others
Pricing Available upon Request

Market Segments Covered in Processed Meat Industry Survey

  • By Product Type

    • Processed Beef
    • Processed Pork
    • Processed Poultry Meat
    • Processed Sheep Meat
  • By Nature

    • Organic Processed Meat
    • Conventional Processed Meat
  • By Form

    • Fresh or Chilled Processed Meat
    • Frozen Processed Meat
    • Shelf Stable Processed Meat
  • By End-use Application

    • Processed Meat for Food Processing Industry
    • Processed Meat for Food Service Industry
    • Retail Sales of Processed Meat
      • Hypermarkets/Supermarkets
      • Traditional Grocery Stores
      • Convenience Stores
      • Discount Stores
      • Online Retail Stores
      • Others

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Currently, the global processed meat market is worth more than US$ 239 Bn.

Processed meat consumption is expected to increase at a CAGR of around 4.8% during the period of 2021-2031.

In terms of revenue, sales of processed meat increased at a CAGR of around 3.8% during 2016-2020.

Increase in private label brands, steady increase in demand for halal meat, and overall rising demand for topical innovations by manufacturers are the latest trends of processed meat being observed in the market.

Top 10 producers of processed meat hold around 5%-15% of the market share.

The U.S., Germany, U.K., Canada, and China are the main countries driving demand for processed meat.

East Asia holds around 11% of total processed meat revenue share.

U.S. processed meat sales are projected to rise at a CAGR of around 4.1% over the next ten years.

The report presents detailed cost analysis of processed meat based on product type, i.e., beef, pork, poultry meat, and sheep meat.

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