The report on the processed red meat market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report identifies increasing demand for convenience foods as one of the major factors driving the growth of the market. Also, the growing emphasis on packaging innovations will be crucial in fueling the growth of the market over the forecast period.
Consumers across the world are exhibiting high demand for convenience foods as they are easy to cook and can be consumed readily. The demand for such foods has been increasing with rising disposable incomes and changing lifestyles of consumers. The increasing popularity of convenience foods is encouraging vendors in the processed meat industry to sell products such as nuggets, fresh sausages, hotdogs, platters, sandwiches, and salami. Vendors are also focusing on making their products available in various forms such as chilled, frozen, and canned. Besides, some vendors are opting for joint ventures and partnerships with local red meat manufacturers, distributors, and technology providers to increase the availability of their products. Many such factors are positively influencing the growth of the global processed red meat market. The processed red meat market covers the following areas:
The processed red meat market is analyzed across segments such as product (processed pork, processed beef, processed lamb, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa).
By product, the processed port segment is expected to have the largest share of the market. The increase in the number of new product launches is one of the major factors driving the growth of the segment. In addition, the global rise in the production, exports, and consumption of pork meat will also be driving the growth of the segment during the forecast period.
Similarly, the market will experience maximum incremental growth in APAC during the forecast period. The region occupies 30% of the global market share. The increased demand for processed red meat in countries such as China, Japan, South Korea, Vietnam, Australia, and the Philippines has been driving the growth of the regional market. In addition, the increasing number of organized retail outlets that offer processed red meat is also contributing to the growth of the processed red meat market in APAC.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
Download a Free Sample Report to understand the scope of the report.
Companies Mentioned
- American Foods Group LLC
- Aurora Packing Co.
- BRF SA
- Cargill Inc.
- Cremonini SpA
- Dawn Farm Foods Ltd.
- Dawn Meats
- Foyle Food Group Ltd.
- Hormel Foods Corp.
- Itoham Yonekyu Holdings Inc.
- JBS SA
- Koch Foods LLC
- MS Global Food CO. WLL
- National Beef Packing Co. LLC
- NH Foods Ltd.
- PJSC Cherkizovo Group
- Sunbulah Group
- Sysco Corp.
- Tyson Foods Inc.
- WH Group Ltd.
Related Reports:
Beef Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026
Artificial Meat Market by Product and Geography - Forecast and Analysis 2021-2025
Processed Red Meat Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.95% |
Market growth 2022-2026 |
USD 159.98 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.89 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 30% |
Key consumer countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
American Foods Group LLC, Aurora Packing Co., BRF SA, Cargill Inc., Cremonini SpA, Dawn Farm Foods Ltd., Dawn Meats, Foyle Food Group Ltd., Hormel Foods Corp., Itoham Yonekyu Holdings Inc., JBS SA, Koch Foods LLC, MS Global Food CO. WLL, National Beef Packing Co. LLC, NH Foods Ltd., PJSC Cherkizovo Group, Sunbulah Group, Sysco Corp., Tyson Foods Inc., and WH Group Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Processed pork - Market size and forecast 2021-2026
- Exhibit 28: Chart on Processed pork - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Processed pork - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Processed pork - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Processed pork - Year-over-year growth 2021-2026 (%)
- 5.4 Processed beef - Market size and forecast 2021-2026
- Exhibit 32: Chart on Processed beef - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Processed beef - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Processed beef - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Processed beef - Year-over-year growth 2021-2026 (%)
- 5.5 Processed lamb - Market size and forecast 2021-2026
- Exhibit 36: Chart on Processed lamb - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on Processed lamb - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on Processed lamb - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Processed lamb - Year-over-year growth 2021-2026 (%)
- 5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by Product
- Exhibit 44: Market opportunity by Product ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.11 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.12 Germany - Market size and forecast 2021-2026
- Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 Aurora Packing Co.
- Exhibit 97: Aurora Packing Co. - Overview
- Exhibit 98: Aurora Packing Co. - Product / Service
- Exhibit 99: Aurora Packing Co. - Key offerings
- 10.4 BRF SA
- Exhibit 100: BRF SA - Overview
- Exhibit 101: BRF SA - Business segments
- Exhibit 102: BRF SA - Key offerings
- Exhibit 103: BRF SA - Segment focus
- 10.5 Cargill Inc.
- Exhibit 104: Cargill Inc. - Overview
- Exhibit 105: Cargill Inc. - Product / Service
- Exhibit 106: Cargill Inc. - Key news
- Exhibit 107: Cargill Inc. - Key offerings
- 10.6 Cremonini SpA
- Exhibit 108: Cremonini SpA - Overview
- Exhibit 109: Cremonini SpA - Product / Service
- Exhibit 110: Cremonini SpA - Key offerings
- 10.7 Foyle Food Group Ltd.
- Exhibit 111: Foyle Food Group Ltd. - Overview
- Exhibit 112: Foyle Food Group Ltd. - Product / Service
- Exhibit 113: Foyle Food Group Ltd. - Key offerings
- 10.8 Hormel Foods Corp.
- Exhibit 114: Hormel Foods Corp. - Overview
- Exhibit 115: Hormel Foods Corp. - Business segments
- Exhibit 116: Hormel Foods Corp. - Key news
- Exhibit 117: Hormel Foods Corp. - Key offerings
- Exhibit 118: Hormel Foods Corp. - Segment focus
- 10.9 Itoham Yonekyu Holdings Inc.
- Exhibit 119: Itoham Yonekyu Holdings Inc. - Overview
- Exhibit 120: Itoham Yonekyu Holdings Inc. - Business segments
- Exhibit 121: Itoham Yonekyu Holdings Inc. - Key offerings
- Exhibit 122: Itoham Yonekyu Holdings Inc. - Segment focus
- 10.10 JBS SA
- Exhibit 123: JBS SA - Overview
- Exhibit 124: JBS SA - Business segments
- Exhibit 125: JBS SA - Key offerings
- Exhibit 126: JBS SA - Segment focus
- 10.11 National Beef Packing Co. LLC
- Exhibit 127: National Beef Packing Co. LLC - Overview
- Exhibit 128: National Beef Packing Co. LLC - Product / Service
- Exhibit 129: National Beef Packing Co. LLC - Key offerings
- 10.12 WH Group Ltd.
- Exhibit 130: WH Group Ltd. - Overview
- Exhibit 131: WH Group Ltd. - Business segments
- Exhibit 132: WH Group Ltd. - Key offerings
- Exhibit 133: WH Group Ltd. - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 134: Inclusions checklist
- Exhibit 135: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 136: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 137: Research methodology
- Exhibit 138: Validation techniques employed for market sizing
- Exhibit 139: Information sources
- 11.5 List of abbreviations
- Exhibit 140: List of abbreviations
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