Global Processed Meat Market 2018-2023 - Convenience Products are the Future - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 24, 2018--The “Global Processed Meat Market - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global processed meat market is expected to register a CAGR of 6.8% during the forecast period of 2018 to 2023.
Convenience Products are the Future
Factors such as hectic lifestyle, rapid urbanization, adoption of new lifestyle trends and food habits will drive the demand for packaged, ready-to-eat, and convenience food such as processed meat. Growth in food service and retail industry has led to increased supply of processed meat products.
Demand for meat products has also been influenced by variety, prices and services that the food retail firms have been offering to their customers. Innovation in meat processing technologies has led to the introduction of diverse products in the market thus ensuring bigger consumer base. The growing demand for frozen food products across the globe will also drive the processed meat market.
Increasing obesity level due to high intake of processed food is the main factor which is hampering the adoption rate of processed meat.
Other Key HighlightsFrozen Meat is the Fastest Growing Segment Poultry Meat is the Most Preferred Type North America Leading at the Regional Front
The key players in the global processed meat market are focused on the expansion of the business in the developing regions by setting up new plants to increase production capacity and also extending the product line. Mergers and acquisitions of small and medium-sized manufacturers to enter in overseas market is another strategy adopted by multinational players.
For instance, Siniora Food Industries acquired Diamond Meat Processing a UAE based company for USD 12 million. The acquisition aims to diversify and expand their product portfolio of the company. Moreover, Costco invested USD 180 million to develop poultry farm so that the farm can produce one-third of all its chickens including raw meat.
Key Topics Covered
2. Market Insights
3. Market Dynamics
4. Market Segmentation
5. Regional Market Analysis
6. Competitive Landscape
7. Company ProfilesBRF S.A. Cargill Inc. Cherkizovo Group Foster Farms Hormel Foods Corporation JBS S.A. Koch Foods Marfrig National Beef Packing Company LLC Perdue Farms Pilgrims Pride Sanderson Farms Inc.
For more information about this report visit https://www.researchandmarkets.com/research/5s6mcs/global_processed?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180824005419/en/
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Related Topics:Meat, Poultry and Eggs,Processed Food
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/24/2018 03:12 PM/DISC: 08/24/2018 03:12 PM