Processed Meat Market will exhibit a CAGR of 6.24% between 2020 to 2027, and reach USD 862.97 billion by 2027, and the market value as per 2019 was USD 519.41 billion in 2019.
Fortune Business Insights™ titled, “Processed Meat Market Size, Share & Industry Analysis, By Type (Frozen, Canned, and Chilled), Animal Type (Poultry, Beef, Pork, and Others), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Specialty Stores, and Others), and Regional Forecast, 2020 – 2027,”
Processed Meat Market Drivers and Restraint :
Increasing Demand for Organic Processed Meat Products to Promote Growth
The synthetic food products contain nitrites and nitrates in larger quantities and high consumption of the products have harmful effects on the human body and may lead to cancer in some cases. Therefore, the growing demand for safe and healthy food products is driving the demand for organic animal husbandry. Additionally, organic processed meat products contain fewer pesticides, are fresh, and have a longer shelf life as compared to synthetic products. Furthermore, growing demand for convenience and ready-to-eat products is propelling the manufacturers to opt for organic meat products that are anticipated to drive the global processed meat market growth in the forthcoming years.
List of Significant Processed Meat Market Manufacturers are as follows:
- 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)
- Cargill Incorporated (United States)
- Pilgrim’s Pride Corporation (United States)
- The Kraft Heinz Company (United States)
- China Xiangtai Food Co., Ltd. (China)
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/industry-reports/processed-meat-market-100556
Some of the key industry developments in the Processed Meat Market Include:
February 2020– Cranswick PLC acquired the Buckle Farm’s Limited’s pig farming and rearing operations. This acquisition helps the company expand its pig processing business and increase its self-sufficiency by 30%.
April 2019-JBS S.A. acquired a local pork processor Adelle Ind ústria de Alimentos, for strengthening its position in the pork processing market in Brazil.