Processed Meat Market Size By Type (Cured Meat, Uncured Meat), By Meat Type (Poultry, Beef, Pork), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail), By Geographic Scope And Forecast

Report ID: 144621|No. of Pages: 202

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Processed Meat Market Size By Type (Cured Meat, Uncured Meat), By Meat Type (Poultry, Beef, Pork), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail), By Geographic Scope And Forecast

Report ID: 144621|Published Date: Oct 2024|No. of Pages: 202|Base Year for Estimate: 2024|Format:   Report available in PDF formatReport available in Excel Format

Processed Meat Market Size and Forecast

Processed Meat Market size was valued at USD 562.97 Billion in 2024 and is projected to reach USD 870.55 Billion by 2031, growing at a CAGR of 5.60 % from 2024 to 2031.

  • Processed meat is defined as meat that has been modified to enhance flavor or extend shelf life through various methods such as curing, smoking, salting, or adding preservatives.
  • Common processed meat products include sausages, ham, bacon, deli, and canned meat.
  • Furthermore, the market is driven by convenience, changing dietary habits, and increasing urbanization.

Processed Meat Market is estimated to grow at a CAGR 5.60% & reach USD 870.55 Bn by the end of 2031

Processed Meat Market Dynamics

The key market dynamics that are shaping the processed meat market include:

Key Market Drivers

  • Rising Urbanization and Increasing Disposable Income: The growing urban population, combined with increased disposable incomes, is driving demand for easy food options, such as processed beef products. According to the United Nations, over 56% of the world’s population lives in cities as of 2022, with that proportion anticipated to rise to 68% by 2050. This urban migration drives up demand for ready-to-eat and easy-to-cook meat products.
  • Increasing Consumption of Protein-Rich Diets: A move toward protein-rich diets is driving greater consumption of animal products, particularly processed meat. According to the Food and Agriculture Organization (FAO), global meat consumption is expected to reach 48.7 kg per capita by 2030, owing to increased awareness of protein’s health and fitness advantages. This dietary trend is a major factor in the growth of the processed meat business.
  • Expansion of Cold Chain Infrastructure: The creation and growth of cold chain logistics improves the storage and transportation of processed meat, allowing for greater access in expanding markets. The worldwide Cold Chain Alliance (GCCA) estimated a 15% rise in worldwide cold storage capacity between 2020 and 2022, with Asia-Pacific and Latin America driving the expansion. This infrastructure improvement is easing the supply chain for processed beef products, hence promoting market growth.

Key Challenges:

  • Health Concerns: Processed meats are associated with various health issues, including an increased risk of certain cancers and cardiovascular diseases. These health concerns are posing a significant challenge to market growth as consumers become more health-conscious.
  • Regulatory Pressures: Stricter regulations are implemented regarding the use of additives, preservatives, and labeling requirements for processed meat products. Compliance with these regulations is increasing production costs and potentially affecting profit margins.
  • Competition from Plant-Based Alternatives: The growing popularity of plant-based meat alternatives is posing a challenge to the processed meat market. As more consumers opt for vegetarian or flexitarian diets, the demand for traditional processed meats be impacted.

Key Trends:

  • Clean Label Products: A trend towards ‘clean label’ processed meat products is observed, with consumers demanding products made with fewer additives and more natural ingredients. Manufacturers are responding by developing products with simpler ingredient lists and more transparent production processes.
  • Premiumization: A shift towards premium and gourmet processed meat products is seen. Consumers are showing a willingness to pay more for high-quality, artisanal, or specialty processed meats, which is driving innovation in the market.
  • Functional Processed Meats: Products fortified with additional nutrients or featuring specific health benefits are developed. These functional processed meats are aimed at health-conscious consumers who still want to enjoy meat products.

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Processed Meat Market Regional Analysis

The regional analysis of the processed meat market:

North America:

  • According to Verified Market Research, North America is estimated to dominate the processed meat market during the forecast period. North America has one of the highest per capita meat consumption rates globally, which significantly drives the demand for processed meat products. According to the U.S. Department of Agriculture (USDA), the average American consumed around 224 pounds of red meat and poultry per capita in 2022. This high level of meat consumption continues to bolster the processed meat market in the region.
  • The busy lifestyles and increasing number of working individuals in North America are fueling the demand for convenient and ready-to-eat food products, including processed meats. The U.S. Bureau of Labor Statistics reported that as of 2021, about 61.7% of U.S. families had both parents working. This has led to a surge in the consumption of processed and pre-packaged foods, including meats, to save time on meal preparation.
  • Furthermore, the region’s advanced food processing infrastructure and technological innovations have contributed to the growth of the processed meat market. According to the U.S. Census Bureau, the food manufacturing industry in the U.S. alone was valued at over $780 billion in 2021, with significant investments made in food processing technology. These advancements enable manufacturers to produce a wide variety of processed meat products with extended shelf lives, catering to growing consumer demand.

Asia Pacific:

  • The Asia Pacific region is estimated to exhibit the processed meat market during the forecast period. The rapid urbanization and expansion of the middle class in the Asia-Pacific region are driving the demand for convenient food products, including processed meat. According to the United Nations, over 2.3 billion people in the region are expected to live in urban areas by 2050. The growing middle class, particularly in countries like China and India, is fueling the shift toward processed and packaged foods.
  • Meat consumption is rising across Asia-Pacific due to changing dietary habits and an increasing focus on protein-rich diets. According to the Food and Agriculture Organization (FAO), per capita meat consumption in China alone rose from 41.3 kg in 2015 to over 45.3 kg in 2021. This rising demand for meat products is significantly contributing to the expansion of the processed meat market in the region.
  • Furthermore, improved cold chain infrastructure in Asia-Pacific is facilitating the distribution and storage of processed meat products, leading to wider market penetration. According to the Global Cold Chain Alliance (GCCA), the Asia-Pacific region saw a 19% increase in cold storage capacity between 2018 and 2022, with India and China driving this growth. This improved logistics network is crucial for maintaining the quality and safety of processed meat products and supporting market growth across the region.

Processed Meat Market: Segmentation Analysis

The Processed Meat Market is segmented based on Type, Meat Type, Distribution Channel, and Geography.

Processed Meat Market Segments Analysis

Processed Meat Market, By Type

  • Cured Meat
  • Uncured Meat

Based on Type, the market is segmented into Cured Meat and Uncured Meat. The cured meat segment is estimated to dominate the processed meat market due to its longer shelf life, enhanced flavor, and widespread consumption across various regions. Cured meats, such as sausages, bacon, and ham, are popular for their preservation techniques, which involve salting, smoking, or adding nitrates. These methods improve the taste and texture of the meat, making them a preferred choice among consumers.

Processed Meat Market, By Meat Type

  • Poultry
  • Beef
  • Pork
  • Others

Based on Meat Type, the market is segmented into Poultry, Beef, Pork, and Others. The poultry segment is expected to dominate the processed meat market due to its affordability, lower fat content, and increasing consumer preference for healthier protein options. Poultry products, such as chicken sausages, nuggets, and cold cuts, are perceived as a leaner alternative to red meat, making them particularly popular among health-conscious consumers. According to the U.S. Department of Agriculture (USDA), poultry consumption has steadily increased due to its versatility and widespread use in various cuisines. As demand for lean protein sources grows globally, processed poultry products continue to lead the market due to their broad appeal and cost-effectiveness.

Processed Meat Market, By Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Retail
  • Others

Based on the Distribution Channel, the market is divided into Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Others. The supermarkets/hypermarkets segment is expected to dominate the market throughout the forecast period due to its extensive product offerings, competitive pricing, and one-stop shopping convenience. These large retail outlets offer a wide variety of processed meat products, from deli meats to frozen options, allowing consumers to choose from different brands and packaging sizes. According to the Food Marketing Institute, supermarkets and hypermarkets account for over 50% of food sales in many regions, making them a dominant distribution channel for processed meat. Their ability to offer bulk purchasing options, promotions, and freshness further enhances their market dominance.

Processed Meat Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

Based on Geography, the processed meat market is classified into North America, Europe, Asia Pacific, and the Rest of the World. The North American region is estimated to dominate the market during the forecast period due to its high meat consumption rates, advanced food processing technologies, and strong demand for convenience foods. The U.S. Department of Agriculture (USDA) reported that meat consumption in the U.S. reached an average of 224 pounds per person in 2022, underscoring the region’s reliance on processed meat products. Additionally, the well-established cold chain infrastructure and widespread availability of processed meat products in supermarkets and hypermarkets across North America support its market leadership. Growing consumer preference for ready-to-eat and pre-packaged meat products further solidifies North America’s dominant position in the global processed meat market.

Key Players

The “Processed Meat Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Hormel Foods Corporation, Tyson Foods, Inc., Cargill Incorporated, JBS S.A., Sysco Corporation, Conagra Brands, Inc., WH Group Limited, Smithfield Foods, Inc., Kraft Heinz Company, and Perdue Farms Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Processed Meat Market Recent Developments

Processed Meat Market Key Developments And Mergers

  • In June 2023, Tyson Foods introduced a new range of plant-based processed meat products under its Raised & Rooted brand to cater to the rising demand for alternative protein sources. This expansion aligns with the growing trend of plant-based eating in North America and Europe.
  • In March 2023, JBS S.A., a global leader in meat processing, announced the opening of a state-of-the-art processed meat facility in China. This facility is designed to meet the increasing demand for processed meat products in Asia and will focus on local market customization and high-efficiency production.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Unit

Value (USD Billion)

Key Companies Profiled

Hormel Foods Corporation, Tyson Foods, Inc., Cargill Incorporated, JBS S.A., Sysco Corporation, Conagra Brands, Inc., WH Group Limited, Smithfield Foods, Inc., Kraft Heinz Company, and Perdue Farms Inc.

Segments Covered

Type, Meat Type, Distribution Channel, and Geography.

Customization Scope

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Research Methodology of Verified Market Research:

Research Methodology of VMR

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Frequently Asked Questions

Processed Meat Market size was valued at USD 562.97 Billion in 2024 and is projected to reach USD 870.55 Billion by 2031, growing at a CAGR of 5.60 % from 2024 to 2031.

Consumer demand for convenient food options, urbanization, busy lifestyles, and increasing disposable income are key driving factors of the Processed Meat Market.

The major players in the market are Hormel Foods Corporation, Tyson Foods, Inc., Cargill Incorporated, JBS S.A., Sysco Corporation, Conagra Brands, Inc., WH Group Limited, Smithfield Foods, Inc., Kraft Heinz Company, and Perdue Farms Inc.

The Processed Meat Market is segmented based on Type, Meat Type, Distribution Channel, and Geography.

The sample report for the Processed Meat Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights

3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis

4. Processed Meat Market, By Meat Type

  • Poultry
  • Pork
  • Beef

5. Processed Meat Market, By Product Type

  • Frozen
  • Chilled
  • Canned

6. Processed Meat Market, By Application

  • Food Processing Industry
  • Food Service Industry
  • Residential

7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape
• Key Players
• Market Share Analysis

10. Company Profiles

  • Tyson Foods Inc.
  • Hormel Foods Corporation
  • JBS S.A.
  • Cargill
  • Incorporated
  • Smithfield Foods Inc.
  • Conagra Brands Inc.
  • WH Group Limited
  • BRF S.A.
  • OSI Group LLC
  • The Kraft Heinz Company

11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix
• List of Abbreviations
• Sources and References

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Processed Meat Market

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