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Processed Meat Market: By Meat Type, By Product Type, By Processing Type, By Distribution Channel and By Region Forecats 2019-2030
The global Processed Meat Market size was valued at US$ 321.5 Bn in 2023, growing at a CAGR of 5.2% during the forecast period 2024-2030. Processed meat is enriched with various preservatives and additives such as acidifiers, minerals, salts, and other flavoring agents to improve the quality of meat, preserve it from the degradation, and to add flavors to the original composition. Processed meat made from beef, pork, and poultry meat. Meat processing can be done by various methods such as fermentation, salting, smoking, and curing among others. When meat is preserved by curing, such as smoking, salting, fermenting, or adding any chemical to increase shelf life or improve flavor, this is referred to as processing. For the production of processed meat, meats like beef, hog, turkey, chicken, and lamb are frequently used. The several types of processed meat include sausages, jerky, hot dogs, and pepperoni. To prevent the meat from rotting as a result of germs and other harmful organisms, preservatives are applied.
Study Period
2024-2030Base Year
2023CAGR
5.2%Largest Market
North AmericaFastest Growing Market
Europe
Increase in the global demand for quality meat coupled with busy working schedules are key drivers for the growth of the market. Moreover, rapid urbanization, rise in disposable income, rise in awareness about the animal protein, and better availability of huge number of processed meat varieties are anticipated to fuel the market revenue growth. However, stringent regulatory guidelines for the additives usage in meat processing, increase in the prevalence of obesity and other lifestyle disorders, rise in demand for fat-free protein diet, and disease outbreak in livestock are expected to curb the growth of the market over the forecast years.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market CAGR |
5.2% |
By Meat Type |
|
By Product Type |
|
By Processing Type |
|
By Distribution Channel |
|
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The processed meat market was valued at US$ 321.5 Bn in 2023, growing at a CAGR of 5.2% during the forecast period 2024-2030
Europe is the fastest-growing in the market
The processed meat market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1. Executive Summary |
2. Global Processed Meat Market Introduction |
2.1. Global Processed Meat Market Taxonomy |
2.2. Global Processed Meat Market Definitions |
2.2.1. By Meat Type |
2.2.2. By Animal Type |
2.2.3. By Product Type |
2.2.4. By Application |
2.2.5. By Distribution Channel |
3. Global Processed Meat Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Processed Meat Market Dynamic Factors - Impact Analysis |
3.6. Global Processed Meat Market Competition Landscape |
4. Global Processed Meat Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Processed Meat Market, By Meat Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.1. Organic |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Conventional |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Global Processed Meat Market, By Animal Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.1. Poultry |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Beef |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Pork |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Lamb |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Others |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Global Processed Meat Market Forecast, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.1. Frozen |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Chilled |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Canned |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8. Global Processed Meat Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.1. Commercial |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Residential |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
9. Global Processed Meat Market, By Distribution Channel, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
9.1. HoReCa |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Supermarkets/Hypermarkets |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Convenience Stores |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Independent Retailers |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Others |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10. Global Processed Meat Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
10.1. North America |
10.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
10.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
10.1.3. Market Opportunity Analysis |
10.2. Europe |
10.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
10.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
10.2.3. Market Opportunity Analysis |
10.3. Asia-Pacific |
10.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
10.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
10.3.3. Market Opportunity Analysis |
10.4. Latin America |
10.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
10.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
10.4.3. Market Opportunity Analysis |
10.5. Middle East and Africa |
10.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
10.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
10.5.3. Market Opportunity Analysis |
10.6. Global Processed Meat Market - Opportunity Analysis Index, By Meat Type, By Animal Type, Product Type, Application, Distribution Channel and Region, 2024 - 2030 |
11. North America Processed Meat MarketAnalysis, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
11.1. By Meat Type Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Organic |
11.1.2. Conventional |
11.2. By Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.2.1. Poultry |
11.2.2. Beef |
11.2.3. Pork |
11.2.4. Lamb |
11.2.5. Others |
11.3. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Frozen |
11.3.2. Chilled |
11.3.3. Canned |
11.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Commercial |
11.4.2. Residential |
11.4.3. Rural |
11.5. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.5.1. HoReCa |
11.5.2. Commercial & Industrial |
11.5.3. Convenience Stores |
11.5.4. Independent Retailers |
11.5.5. Others |
11.6. Country Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.6.1. USA |
11.6.2. Canada |
11.7. North America Processed Meat Market - Opportunity Analysis Index, By Meat Type, By Animal Type, Product Type, Application, Distribution Channel and Country, 2024 - 2030 |
11.8. North America Processed Meat Market Dynamics Trends |
12. Europe Processed Meat Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
12.1. By Meat Type Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Organic |
12.1.2. Conventional |
12.2. By Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.2.1. Poultry |
12.2.2. Beef |
12.2.3. Pork |
12.2.4. Lamb |
12.2.5. Others |
12.3. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Frozen |
12.3.2. Chilled |
12.3.3. Canned |
12.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Commercial |
12.4.2. Residential |
12.4.3. Rural |
12.5. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.5.1. HoReCa |
12.5.2. Commercial & Industrial |
12.5.3. Convenience Stores |
12.5.4. Independent Retailers |
12.5.5. Others |
12.6. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.6.1. Germany |
12.6.2. UK |
12.6.3. France |
12.6.4. Spain |
12.6.5. Italy |
12.6.6. Rest of Europe |
12.7. Europe Processed Meat Market - Opportunity Analysis Index, By Meat Type, By Animal Type, Product Type, Application, Distribution Channeland Country, 2024 - 2030 |
12.8. Europe Processed Meat Market Dynamics Trends |
13. Asia-Pacific Processed Meat Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
13.1. By Meat Type Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Organic |
13.1.2. Conventional |
13.2. By Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.2.1. Poultry |
13.2.2. Beef |
13.2.3. Pork |
13.2.4. Lamb |
13.2.5. Others |
13.3. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Frozen |
13.3.2. Chilled |
13.3.3. Canned |
13.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Commercial |
13.4.2. Residential |
13.4.3. Rural |
13.5. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.5.1. HoReCa |
13.5.2. Commercial & Industrial |
13.5.3. Convenience Stores |
13.5.4. Independent Retailers |
13.5.5. Others |
13.6. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.6.1. Japan |
13.6.2. China |
13.6.3. India |
13.6.4. ASEAN |
13.6.5. Australia & New Zealand |
13.6.6. Rest of Asia-Pacific |
13.7. Asia-Pacific Processed Meat Market - Opportunity Analysis Index, By Meat Type, By Animal Type, Product Type, Application, Distribution Channel and Country,2024 - 2030 |
13.8. Asia-Pacific Processed Meat Market Dynamics Trends |
14. Latin America Processed Meat Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
14.1. By Meat Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Organic |
14.1.2. Conventional |
14.2. By Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.2.1. Poultry |
14.2.2. Beef |
14.2.3. Pork |
14.2.4. Lamb |
14.2.5. Others |
14.3. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.3.1. Frozen |
14.3.2. Chilled |
14.3.3. Canned |
14.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.4.1. Commercial |
14.4.2. Residential |
14.4.3. Rural |
14.5. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.5.1. HoReCa |
14.5.2. Commercial & Industrial |
14.5.3. Convenience Stores |
14.5.4. Independent Retailers |
14.5.5. Others |
14.6. Country Analysis 2018- 2022 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.6.1. Brazil |
14.6.2. Mexico |
14.6.3. Argentina |
14.6.4. Rest of Latin America |
14.7. Latin America Processed Meat Market - Opportunity Analysis Index, By Meat Type, By Animal Type, Product Type, Application, Distribution Channel and Country, 2024 - 2030 |
14.8. Latin America Processed Meat Market Dynamics Trends |
15. Middle East and Africa Processed Meat Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
15.1. By Meat Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
15.1.1. Organic |
15.1.2. Conventional |
15.2. By Animal Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
15.2.1. Poultry |
15.2.2. Beef |
15.2.3. Pork |
15.2.4. Lamb |
15.2.5. Others |
15.3. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
15.3.1. Frozen |
15.3.2. Chilled |
15.3.3. Canned |
15.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
15.4.1. Commercial |
15.4.2. Residential |
15.4.3. Rural |
15.5. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
15.5.1. HoReCa |
15.5.2. Commercial & Industrial |
15.5.3. Convenience Stores |
15.5.4. Independent Retailers |
15.5.5. Others |
15.6. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
15.6.1. Gulf Cooperation Council (GCC) Countries |
15.6.2. Israel |
15.6.3. South Africa |
15.6.4. Rest of MEA |
15.7. MEA Processed Meat Market - Opportunity Analysis Index, By Meat Type, By Animal Type, Product Type, Application, Distribution Channel and Country, 2024 - 2030 |
15.8. MEA Processed Meat Market Dynamics Trends |
16. Competition Landscape |
16.1. Strategic Dashboard of Top Market Players |
16.2. Company Profiles (Introduction, Financial Analysis, By Meat Type& Service By Animal Types, Key Developments, Strategies, and SWOT Analysis) |
16.2.1. American Food Group, LLC. |
16.2.2. Cargill, Inc. |
16.2.3. Hormel Foods Corporation |
16.2.4. JBS S.A. |
16.2.5. Koch Foods |
16.2.6. OSI GroupLockheed Martin |
16.2.7. Tyson Foods |
16.2.8. Smithfeild Foods |
16.2.9. Swiss Meat & Sausages |
16.2.10. ABP Food Group |
16.2.11. Kerry Group plc |
16.2.12. Perdue Farms, Inc. |
17. Research Methodology |
18. Key Assumptions and Acronyms |
Key Market Players