According to a recent market report published by Fact.MR, the processed meat market will rise by 2.2 percent in volume year over year in 2018. According to the survey, the processed food market is primarily driven by the steady growth of the meat sector and the increasing growth of the food processing industry.
The global processed meat market grew by 3.9 percent year over year (YoY) in 2021, according to the report. According to Fact.MR, the processed meat industry was valued at US$ 227.7 billion in 2021, and the market is predicted to increase at a CAGR of 4.6 percent through 2031.
Processed meat sales account for 15 percent to 20 percent of total demand in the processed food business. The trend of food traceability among new-age customers looking for healthy alternatives has spurred a significant surge in global demand for processed foods.
Market Segments Covered in Processed Meat Industry Survey
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By Product Type
- Processed Beef
- Processed Pork
- Processed Poultry Meat
- Processed Sheep Meat
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By Nature
- Organic Processed Meat
- Conventional Processed Meat
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By Form
- Fresh or Chilled Processed Meat
- Frozen Processed Meat
- Shelf Stable Processed Meat
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By End-use Application
- Processed Meat for Food Processing Industry
- Processed Meat for Food Service Industry
- Retail Sales of Processed Meat
- Hypermarkets/Supermarkets
- Traditional Grocery Stores
- Convenience Stores
- Discount Stores
- Online Retail Stores
- Others
Is the global market for organic processed meat gaining traction?
Organic processed meat is expected to rise at a CAGR of 8.1 percent over the projected period, according to Fact.MR, owing to rising awareness about the positive characteristics of organic processed meat.
Because of the multiple health benefits that organic processed meat provides, organic beef is becoming increasingly popular around the world. Organically labelled products have the potential to lessen both consumer and producer health risks.
Why is the Food Service Industry’s Demand for Processed Beef Growing?
Processed beef accounted for around 46.6 percent of the global market in 2021, but demand for processed sheep meat is predicted to grow at a faster CAGR of 7.7% over the next decade.
The global market is growing due to increased demand for processed beef from restaurants and cafes.
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