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Processed Meat Market: Global Industry Analysis and Forecast (2024-2030) by Product, Meat Type, and Region
Processed Meat Market size was valued at US$ 629.38 Bn. in 2023. The global Processed Meat Market is estimated to grow at a CAGR of 6.54% over the forecast period.
Format : PDF | Report ID : SMR_305
Processed Meat Market Definition:
Any meat that has been altered in some way to increase its flavour or extend its shelf life is considered processed meat. Salting, curing, fermenting, smoking, or the use of chemical preservatives are all methods of meat preparation. Processed Meat is typically made up of pork or beef, although it can also include chicken and offal, as well as meat by-products like blood. The global report on Processed Meat Market provides PORTER five force analysis, PESTLE analysis and segment anallsis on the basis of product, meat type and region.
Processed Meat is defined as meat that has been added with additives and preservatives such as acidifiers, minerals, salts, and a variety of additional seasoning and flavouring ingredients. The meat is processed primarily to improve its quality, prevent degeneration, and add flavour to its natural composition. Red or white meat after brutes, pullet, heifers, or sea creatures can be used.
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Processed Meat Market Dynamics:
The expansion of the Processed Meat industry is being driven by an increase in the E-Commerce sector as well as an increase in various channels:
More consumers are ordering groceries and other food products through smartphone applications, indicating that e-Commerce is gaining popularity around the world. Multiple e-Commerce platforms throughout the world are developing their food brands to compete for market share. Due to strong growth in processed beef consumption, which will be bolstered by consistent demand for processed meat, e-Commerce sales of meat patties are likely to take up shortly which is fuelling the growth of the Processed Meat market.
When meat is preserved by smoking, salting, fermenting, or adding any chemical to lengthen its shelf life and improve its taste, it is considered processed. Beef, hog, turkey, and lamb are some of the most frequent meats used to make processed meat. Pepperoni, jerky, hot dogs and sausages are examples of Processed Meat items. Meat is treated with preservatives to keep it from rotting owing to bacteria and other microorganisms.
Processed meat's carcinogenic effects are hindering the market's expansion:
Processed meats, such as ham, bacon, salami, and Frankfurt’s, have been characterised as a Group 1 carcinogen (known to cause cancer) by the World Health Organization, representing that there is a good indication that they cause cancer. Processed Meat ingestion increases the risk of bowel and stomach cancer. Consumption of too much meat gives cancer-causing substances that can be made from nitrites (N-nitroso compounds or NOCs). These compounds could be the major reason for hampering the growth of the Processed Meat market.
Consumer preference for flavoured meat products is providing a significant commercial potential:
Meat flavour is influenced by sensory perceptions of scent and taste. Odour has many different chemical components due to the creation of volatiles, whereas taste is sweet, salty, sour, bitter, and the savoury characteristic of meat umami. The packed meat products are seasoned with a variety of herbs, marinades, seasonings, and spices to give them an umami flavour and texture. Due to changing customer tastes, the meat flavour trend is expanding to include meat processing methods such as glazing and braising. The processed meat market has a significant growth opportunity as a result of these taste preferences.
Environmental issues and a variety of chronic diseases are posing significant challenges to the Processed Meat diligence:
The production of meat has three major environmental concerns: feed sourcing, manure processing, and climate change. Meat production necessitates a large amount of feed. Millions of acres have been ploughed down to make way for enormous monoculture crop fields devoted to cattle feeding. High blood pressure, hypertension, heart disease Bowel or stomach cancer are the major chronic diseases associated with the consumption of meat products, which is a major challenging factor for the processed meat market.
Processed Meat Market Segment Analysis:
By Product, the market is segmented as Frozen, Chilled, Canned and Others. Frozen Segment dominated the processed meat market with a 68.4% share in 2023. The simplicity of storage and transportation is a crucial component in this segment's growth. Frozen meat has several benefits over fresh meat, including longer shelf life and a lower risk of microbiological contamination. Frozen meat is commonly used in meal preparation by a variety of food chains due to its ease of availability and cooking convenience. Because frozen packing beef is readily available and may be utilised for food preparation without further processing, the younger population prefers it. Thus this segment is witnessing constant growth.
However, The Chilled segment is expected to grow at a CAGR of 4.5% through the forecast period. Chilled beef that has been stored is mostly used as a buffer stock between manufacturing and transportation and consumption. Meat ageing ripening happens during storage, with the proteolytic action of meat enzymes gradually increasing softness and developing flavour.
By Meat Type, the market is segmented as Poultry, Beef, Pork and Others. The Poultry segment dominated the processed meat market with a 42.4% share in 2023. Processed poultry meat is made from poultry meat that has been processed and treated to extend its shelf life and improve its flavour. Any essence that isn't old is measured as processed. People often associate Processed Meat with pig and beef, but this category also includes fowl (chicken, turkey, and duck) and fish. Sausages, hot dogs, corned beef, beef jerky, tinned meat, meat sauces, and bacon are all examples of this. However, The Beef segment is expected to grow at a CAGR of 4.1% through the forecast period. Beef jerky, like bacon, sausage, and hot dogs, is a type of processed red meat. According to experts, eating too much bacon, sausages, hot dogs, canned meat, or lunch meat anything that has been processed in some way to preserve or flavour it is harmful to health. Thus the beef segment growth is not steady due to their various side effects.
Processed Meat Market Regional Insights:
The North American region dominated the processed meat market with a 38.2% share in 2023. Restaurants and cafes have raised their demand for ground beef. The market is expanding as the region's demand for ready-to-cook and ready-to-eat foods grow. Due to shifting palates and a willingness to try new goods, consumers in North America, particularly in the United States and Canada, have begun to prefer meat-based breakfast alternatives, such as bacon, over other morning options, such as pancakes. Due to their busy lifestyles, consumers in the region are rapidly expecting better tasting and quality ready-to-eat and ready-to-cook meat products.
Furthermore, rising consumer knowledge and acceptance of the convenience of meat products is a major factor for driving the growth of the market. Because the meat industry is a source of pride and success for many Canadians, the government is taking steps to assist farmers and processors of red meat, particularly bacon is becoming more inventive and competitive in both local and international markets.
The objective of the report is to present a comprehensive analysis of the Global Processed Meat market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Processed Meat market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the global market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Global Processed Meat market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global Processed Meat market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the global market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Global Processed Meat market. The report also analyses if the Global Processed Meat market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few Players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global Processed Meat market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Processed Meat market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the global Pmarket is aided by legal factors.
Processed Meat Market Scope:
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Processed Meat Market Scope |
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Market Size in 2023 |
USD 629.38 Bn. |
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Market Size in 2030 |
USD 980.63 Bn. |
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CAGR (2024-2030) |
6.54% |
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Historic Data |
2018-2022 |
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Base Year |
2023 |
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Forecast Period |
2024-2030 |
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Segment Scope |
By Product
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By Meat Type
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Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Processed Meat Key Players:
- BRF S.A. (Brazil)
- Cargill Inc. (U.S)
- Cherkizovo Group (Russia)
- Foster Farms (U.S)
- Hormel Foods Corporation (U.S)
- JBS S.A. (Brazil)
- Koch Foods (U.S)
- Marfrig (Brazil)
- National Beef Packing Company (Hong Kong)
- Perdue Farms (Salisbury, MD)
- Pilgrims Pride (Greely, CO)
- Sanderson Farms (Laurel, MS)
- NH Foods Ltd (Japan)
- Smithfield Foods, Inc (Smithfield, VA)
- Tyson Foods Inc (Springdale, AR)
Frequently Asked Questions
The North American region is expected to hold the highest share in the Global Processed Meat Market.
The market size of the Global Processed Meat Market is expected to be 980.63 Bn by 2030.
The forecast period for the Global Processed Meat Market is 2024-2030.
The market size of the Global Processed Meat Market in 2023 was US$ 629.38 Bn.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1. Research Process
2.2. Global Processed Meat Market: Target Audience
2.3. Global Processed Meat Market: Primary Research (As per Client Requirement)
2.4. Global Processed Meat Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Market Share Analysis, By Value, 2023-2030
4.1.1. Market Share Analysis, By Region, By Value, 2023-2030 (In %)
4.1.1.1. North America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.2. Europe Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.3. Asia Pacific Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.4. South America Market Share Analysis, By Value, 2023-2030 (In %)
4.1.1.5. Middle East and Africa Market Share Analysis, By Value, 2023-2030 (In %)
4.1.2. Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.1. North America Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.1.1. USA Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.1.2. Canada Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.1.3. Mexico Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.2. Europe Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.2.1. UK Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.2.2. France Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.2.3. Germany Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.2.4. Italy Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.2.5. Spain Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.2.6. Sweden Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.2.7. Austria Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.2.8. Rest of Europe Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.3. Asia Pacific Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.3.1. China Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.3.2. India Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.3.3. Japan Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.3.4. South Korea Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.3.5. Australia Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.3.6. ASEAN Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.3.7. Rest of APAC Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.4. South America Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.4.1. Brazil Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.4.2. Argentina Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.4.3. Rest of South America Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.5. Middle East and Africa Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.5.1. South Africa Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.5.2. GCC Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.5.3. Egypt Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.5.4. Nigeria Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.2.5.5. Rest of Middle East and Africa Market Share Analysis, By Product, By Value, 2023-2030 (In %)
4.1.3. Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4. North America Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.1.1. USA Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.1.2. Canada Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.1.3. Mexico Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.2. Europe Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.2.1. UK Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.2.2. France Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.2.3. Germany Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.2.4. Italy Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.2.5. Spain Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.2.6. Sweden Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.2.7. Austria Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.2.8. Rest of Europe Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.3. Asia Pacific Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.3.1. China Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.3.2. India Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.3.3. Japan Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.3.4. South Korea Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.3.5. Australia Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.3.6. ASEAN Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.3.7. Rest of APAC Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.4. South America Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.4.1. Brazil Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.4.2. Argentina Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.4.3. Rest of South America Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.5. Middle East and Africa Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.5.1. South Africa Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.5.2. GCC Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.5.3. Egypt Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.5.4. Nigeria Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.1.4.5.5. Rest of Middle East and Africa Market Share Analysis, By Meat Type, By Value, 2023-2030 (In %)
4.2. Stellar Competition matrix
4.2.1. Global Stellar Competition Matrix
4.2.2. North America Stellar Competition Matrix
4.2.3. Europe Stellar Competition Matrix
4.2.4. Asia Pacific Stellar Competition Matrix
4.2.5. South America Stellar Competition Matrix
4.2.6. Middle East and Africa Stellar Competition Matrix
4.3. Key Players Benchmarking
4.3.1. Key Players Benchmarking by Product, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
4.4. Mergers and Acquisitions in Industry
4.4.1. M&A by Region, Value and Strategic Intent
4.5. Market Dynamics
4.5.1. Market Drivers
4.5.2. Market Restraints
4.5.3. Market Opportunities
4.5.4. Market Challenges
4.5.5. PESTLE Analysis
4.5.6. PORTERS Five Force Analysis
4.5.7. Value Chain Analysis
Chapter 5 Global Processed Meat Market Segmentation: By Product Type
5.1. Global Processed Meat Market, By Product Type, Overview/Analysis, 2023-2030
5.2. Global Processed Meat Market, By Product Type, By Value, Market Share (%), 2023-2030 (USD Million)
5.3. Global Processed Meat Market, By Product Type, By Value, -
5.3.1. Frozen
5.3.2. Chilled
5.3.3. Canned
5.3.4. Others
Chapter 6 Global Processed Meat Market Segmentation: By Meat Type
6.1. Global Processed Meat Market, By Meat Type, Overview/Analysis, 2023-2030
6.2. Global Processed Meat Market Size, By Meat Type, By Value, Market Share (%), 2023-2030 (USD Million)
6.3. Global Processed Meat Market, By Meat Type, By Value, -
6.3.1. Poultry
6.3.2. Beef
6.3.3. Pork
6.3.4. Others
Chapter 7 Global Processed Meat Market Segmentation: By Region
7.1. Global Processed Meat Market, By Region – North America
7.1.1. North America Processed Meat Market Size, By Product Type, By Value, 2023-2030 (USD Million)
7.1.2. North America Processed Meat Market Size, By Meat Type, By Value, 2023-2030 (USD Million)
7.1.3. By Country – U.S.
7.1.3.1. U.S. Processed Meat Market Size, By Product Type, By Value, 2023-2030 (USD Million)
7.1.3.2. U.S. Processed Meat Market Size, By Meat Type, By Value, 2023-2030 (USD Million)
7.1.3.3. Canada Processed Meat Market Size, By Value, 2023-2030 (USD Million)
7.1.3.4. Mexico Processed Meat Market Size, By Value, 2023-2030 (USD Million)
7.2. Europe Processed Meat Market Size, By Value, 2023-2030 (USD Million)
7.2.1. UK
7.2.2. France
7.2.3. Germany
7.2.4. Italy
7.2.5. Spain
7.2.6. Sweden
7.2.7. Austria
7.2.8. Rest of Europe
7.3. Asia Pacific Processed Meat Market Size, By Value, 2023-2030 (USD Million)
7.3.1. China
7.3.2. India
7.3.3. Japan
7.3.4. South Korea
7.3.5. Australia
7.3.6. ASEAN
7.3.7. Rest of APAC
7.4. Middle East and Africa Processed Meat Market Size, By Value, 2023-2030 (USD Million)
7.4.1. South Africa
7.4.2. GCC
7.4.3. Egypt
7.4.4. Nigeria
7.4.5. Rest of Middle East and Africa
7.5. South America Processed Meat Market Size, By Value, 2023-2030 (USD Million)
7.5.1. Brazil
7.5.2. Argentina
7.5.3. Rest of South America
Chapter 8 Company Profiles
8.1. Key Players
8.1.1. BRF S.A. (Brazil)
8.1.1.1. Company Overview
8.1.1.2. Product Portfolio
8.1.1.3. Financial Overview
8.1.1.4. Business Strategy
8.1.1.5. Key Developments
8.1.2. Cargill Inc. (U.S)
8.1.3. Cherkizovo Group (Russia)
8.1.4. Foster Farms (U.S)
8.1.5. Hormel Foods Corporation (U.S)
8.1.6. JBS S.A. (Brazil)
8.1.7. Koch Foods (U.S)
8.1.8. Marfrig (Brazil)
8.1.9. National Beef Packing Company (Hong Kong)
8.1.10. Perdue Farms (Salisbury, MD)
8.1.11. Pilgrims Pride (Greely, CO)
8.1.12. Sanderson Farms (Laurel, MS)
8.1.13. NH Foods Ltd (Japan)
8.1.14. Smithfield Foods, Inc (Smithfield, VA)
8.1.15. Tyson Foods Inc (Springdale, AR)
8.2. Key Findings
8.3. Recommendations
