Meat Products Market By Processed Meat Type (Hamburger, Sausage, kebabs, Nuggets), By Meat Type (Beef, Pork, Chicken, Mutton, Other), By Packaging (Chilled, Frozen, Canned): Global Opportunity Analysis and Industry Forecast, 2021-2030
The global meat products market was valued at $274.7 billion in 2021 and is projected to reach $387.6 billion by 2030, growing at a CAGR of 3.95% from 2022 to 2030.
Increasing consumption of red meat is one of the factors fueling the meat products market growth. Pork is one of the most commonly consumed red meats. Cured or preserved pork products are commonly eaten. Smoked pork, sausage, ham, and sausage rolls can be examples. Furthermore, it is the third most expensive meat in the United States. Pork industry in the United States was 12,842 metric tons in 2020, according the United States Department of Agriculture (USDA). At thte same time, China was the leader, with 36,340 metric tons generated in the same year. Middle-income countries, particularly East Asian countries, consume more red meat, along with countries like the United States, Australia, and the United Kingdom.
Certain types of meat are only available during certain seasons. Manufacturers are working on trying to introduce multiple kinds of frozen items in the category to increase production for meat products and resolve seasonality issues. Changes in lifestyles around the world, as well as a rising demand for prepared food, are the primary factors driving the demand globally. Growing working population, rising per capita income in developing economies, and market growth for meat product are expected to drive the above market's growth during the forecast period.
Disadvantages related to high consumption of meat, such as heart conditions and the risk of developing cancer, may have a negative impact on the market during the forecast period. Furthermore, some meat, such as processed meat, is harmful to humans, according to the World Health Organization (WHO). It is revealed that eating processed meat may increase your risk of developing colon cancer. The cancer is caused by the use of several chemicals in the processing and preservation of meat. This is a significant impediment to the growth of the global market for meat products.
The global meat products market is segmented on the basis of processed meat type, meat type, packaging, and region. By processed meat type, market has been divided into hamburgers, sausages, kebabs and nuggets. By meat, the analysis has been divided into beef, pork, chicken, mutton, and other. By packaging, the analysis has been divided into chilled, frozen, and canned. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include BRF S.A., Cargill, Incorporated, Clemens Food Group, Conagra Brands Inc., Hormel Foods Corporation, JBS S.A., Minerva Foods SA, NH Foods Ltd., Sysco Corporation, and Tyson Foods.
KEY MARKET SEGMENTS
By Processed Meat Type
Hamburgers
Sausages
kebabs
Nuggets
By Meat Type
Beef
Pork
Chicken
Mutton
Other
By Packaging
Chilled
Frozen
Canned
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
BRF S.A.,
Cargill, Incorporated
Clemens Food Group
Conagra Brands Inc.
Hormel Foods Corporation
JBS S.A.
Minerva Foods SA
NH Foods Ltd.
Sysco Corporation
Tyson Foods
Key Market Segments
By Processed Meat Type
Hamburger
Sausage
kebabs
Nuggets
By Meat Type
Beef
Pork
Chicken
Mutton
Other
By Packaging
Chilled
Frozen
Canned
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest Of Asia Pacific
LAMEA
Brazil
Saudi Arabia
UAE
South Africa
Rest of LAMEA
Key Market Players
Cargill, Incorporated
Hormel Foods Corporation.
JBS S/A
American Foods Group, LLC
Koch Foods
OSI Group
Perdue Farms
Smithfield Foods, Inc.
Tyson Foods, Inc.
Swiss Meat & Sausages Co.
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