DUBLIN, April 07, 2022--(BUSINESS WIRE)--The "Processed Meat Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global processed meat market.
The global processed meat market is expected to grow from $614.08 billion in 2021 to $691.01 billion in 2022 at a compound annual growth rate (CAGR) of 12.5%.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $976.42 billion in 2026 at a CAGR of 9.0%.
National Beef Packing Company LLC
Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market research findings.
Benchmark performance against key competitors.
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The processed meat market consists of sales of processed meat by entities (organizations, sole traders, and partnerships) that are preserved by curing, smoking, drying, salting, or canning. Processed meat is defined as any meat that has been altered in order to increase its flavor or prolong its shelf life. Processed meats are cured with sodium nitrite to avoid the growth of the clostridium perfringens and stored in chilling and cold storage during the preservation process. High barrier materials such as polyvinylidene dichloride or ethylene-vinyl alcohol are used for the vacuum packing of processed meat.
The main types of products in processed meat are chilled, frozen, and canned or preserved. The Chilled meat is preserved to avoid microbial deterioration and spoilage of the meat product. Chilled meat is allowed to freeze in the atmosphere at -4 degrees Celcius and is cured with nitrite, antioxidant, and flavoring properties. The different processing's include fresh processed meat, raw cooked meat, precooked meat, raw fermented sausages, cured meat, dried meat, others and involves various meat types such as poultry, beef, mutton, pork, others. it has both organic and conventional nature and is distributed through various channels such as supermarket/hypermarkets, grocery stores, specialty retailers, online stores, others.
North America was the largest region in the processed meat market in 2021. Europe was the second-largest region in the processed meat market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing consumption of various processed food products is expected to propel the growth of the processed meat market going forward. Food that has been frozen, canned, cooked, packaged, or modified in nutritional composition through fortification, preservation, or preparation in various ways is considered processed food. Processed meat provides several advantages, including a better taste, a lower risk of meat-borne infections, a longer shelf life, and a high degree of portability.
Plant-based meat is a key trend gaining popularity in the processed meat market. Plant-based meats are foods made from plants that are meant to be a substitute for animal-based meats, such as sausages, steaks, burgers, fillets, bacon, nuggets, and a plethora of other variations of popular cuisines. For instance, in December 2021, ITC Limited, an India-based conglomerate company launched plant-based meat products in recognition of India's growing demand for meat alternatives and vegan meals. To begin, ITC will introduce plant-based burger patties and nuggets that taste like chicken which are the two most popular non-vegetarian frozen food groups.
The countries covered in the processed meat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
For more information about this report visit https://www.researchandmarkets.com/r/nylf08.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220407005943/en/
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