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Processed Meat Market Research Report Information By Meat Type (Poultry, Beef, Pork, Others), By Product Type (Frozen, Chilled, Canned), By Application (Commercial, Residential), By Distribution Channel (HoReCa, Supermarkets, Convenience Stores, Independent Retailers, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032


ID: MRFR/F-B & N/20132-HCR | 128 Pages | Author: Sakshi Gupta| July 2024

Global Processed Meat Market Overview


Processed Meat Market Size was valued at USD 515.2 Billion in 2022. The Processed Meat market industry is projected to grow from USD 548.68 Billion in 2023 to USD 908.07 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.50% during the forecast period (2023 - 2032). Increasing consumer demand for ready-to-eat and ready-to-cook food products and consumer inclination towards flavored meat products are the key market drivers enhancing the market growth.


Processed Meat Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Processed Meat Market Trends



  • Shift towards healthier alternatives is driving the market growth


One prominent trend in the Processed Meat market is the growing consumer preference for healthier alternatives. With increasing awareness of the health risks associated with excessive Processed Meat consumption, such as heart disease, cancer, and obesity, consumers are seeking out healthier options. This trend has led to a rise in demand for Processed Meat s made from leaner cuts of meat, natural ingredients, and reduced sodium and preservatives. Additionally, plant-based alternatives to traditional Processed Meat s, such as veggie burgers, plant-based sausages, and meat substitutes, are gaining traction among health-conscious consumers. This factor drives the Market CAGR.


Additionally, another significant trend is the increasing demand for clean label and transparent products in the Processed Meat market. Consumers are becoming more discerning about the ingredients used in Processed Meat products and are seeking greater transparency from manufacturers. As a result, there is a growing preference for Processed Meat s with simple and recognizable ingredients, free from artificial additives, colors, and flavors. Brands that prioritize clean labeling and transparent sourcing practices are likely to gain consumer trust and loyalty, driving market growth.


Furthermore, innovation and product diversification are key trends shaping the Processed Meat market. Manufacturers are introducing new and innovative products to cater to changing consumer preferences and dietary requirements. This includes the development of healthier Processed Meat options, such as nitrate-free bacon, organic deli meats, and protein-rich snack packs. Additionally, there is a growing trend towards ethnic and globally inspired flavors and recipes in Processed Meat s, reflecting consumers' desire for variety and culinary exploration. As competition intensifies, companies are investing in research and development to stay ahead of market trends and meet evolving consumer demands. For instance, in July 2019, John Bean Technologies launched a new technology HPP (high-pressure processing), that not only kills microbes but also extends the shelf life of the meat by a factor of two to four times. Thus, driving the Processed Meat market revenue.


Processed Meat Market Segment Insights


Processed Meat Type Insights


The Processed Meat market segmentation, based on Meat Type includes Poultry, Beef, Pork, Others. Poultry, including chicken and turkey, is the dominant meat type owing to various advantages, including its perceived healthiness, decreased fat content when compared to red meats, and adaptability in preparation. Pork, on the other hand, is rapidly increasing in popularity and diversity in Processed Meat products. Pork-based Processed Meat s like sausages, bacon and gammon are mainstays in many cuisines throughout the world, increasing demand for pork-derived Processed Meat products.


Processed Meat Product Type Insights


The Processed Meat market segmentation, based on Product Type, includes Frozen, Chilled, and Canned. Chilled products hold the dominant position, while frozen emerges as the fastest-growing category. Chilled Processed Meat s, such as deli meats, hot dogs, and fresh sausages, are preferred over frozen and canned versions due to their convenience, freshness, and shorter shelf lives. On the other hand, the frozen category is rapidly expanding because to its extended shelf life, which improves product durability and lowers food waste.


Processed Meat Application Insights


The Processed Meat market segmentation, based on Application, includes Commercial, Residential; Commercial applications hold the dominant position, while residential usage emerges as the fastest-growing category. Commercial uses include Processed Meat products used in restaurants, fast food chains, cafeterias, catering services, and other foodservice operations. Residential consumption is rapidly increasing as a result of a variety of factors, including changing lifestyles, hectic schedules, and greater home cooking during the COVID-19 epidemic.


Figure 1: Processed Meat Market, by Product Type, 2022 & 2032 (USD Billion)


Processed Meat Market, by Product Type, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Processed Meat Distribution Channel Insights


The Processed Meat market segmentation, based on Distribution Channel, includes HoReCa, Supermarkets, Convenience Stores, Independent Retailers, Others. Supermarkets category dominated the distribution landscape owing to its broad reach, diverse product offerings, and one-stop shopping ease. HoReCa businesses, on the other hand, are expanding rapidly as consumers seek out-of-home eating experiences and convenient food alternatives.


Processed Meat Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Processed Meat market area will dominate this market, owing to boasts a highly developed food processing industry, advanced manufacturing technologies, and a well-established distribution network, enabling efficient production and distribution of Processed Meat products across the continent. In addition, the growing number of establishing health clubs and fitness facilities will boost market growth in this region.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure2: PROCESSED MEAT MARKET SHARE BY REGION 2022 (USD Billion)


PROCESSED MEAT MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe Processed Meat market accounts for the second-largest market share due to the rich culinary heritage with a diverse range of traditional Processed Meat products deeply embedded in its culture. Further, the German Processed Meat market held the largest market share, and the UK Processed Meat market was the fastest growing market in the European region


The Asia-Pacific Processed Meat Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to rising population and increasing urbanization is driving greater demand for convenient and ready-to-eat food options, including Processed Meat products. Moreover, China’s Processed Meat market held the largest market share, and the Indian Processed Meat market was the fastest growing market in the Asia-Pacific region.


Processed Meat Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Processed Meat market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Processed Meat industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Processed Meat industry to benefit clients and increase the market sector. In recent years, the Processed Meat industry has offered some of the most significant advantages. Major players in the Processed Meat market, including Hormel Foods Corporation (United States), Conagra Brands Inc. (United States),Foster Farms (United States),JBS S.A. (Brazil), Tyson Foods Inc. (United States) Smithfield Foods, Inc. (United States), Cargill Incorporated (United States), Pilgrim's Pride Corporation (United States),The Kraft Heinz Company (United States), China Xiangtai Food Co., Ltd. (China), and others, are attempting to increase market demand by investing in research and development operations.


Yonezo Arita is a Japanese company renowned for its expertise in the production of traditional fermented food products, particularly soy sauce and miso. With a history dating back over two centuries, Yonezo Arita has established itself as a leading authority in the art of fermentation, leveraging time-honored techniques passed down through generations. In October 2022, Yonezo Arita, a local cattle producer based in Japan along with three other farmers formed a new company called Scrum Export Meat Miyazaki Co. The company announced plans of constructing a halal- certified meat plant in Saito, Miyazaki Prefecture, intending to expand exports of Miyazaki prefecture's beef to Muslims around the world.


Orbillion Bio is a pioneering company dedicated to the development of cultured meat technology, with a focus on producing high-quality and sustainable animal-free meat products. Founded by a team of experts in cellular agriculture and biotechnology, Orbillion Bio is at the forefront of revolutionizing the global food industry by offering a sustainable alternative to conventional animal agriculture. In December 2022, Orbillion Bio, a cultivated beef start-up announced its partnership with Solar Biotech, a tech company to scale its production capacity. This new partnership will allow Orbillion to produce up to 4 million pounds of meat per year in the future.


Key Companies in the Processed Meat Market Include



  • Hormel Foods Corporation (United States)

  • Conagra Brands Inc. (United States)

  • Foster Farms (United States)

  • JBS S.A. (Brazil)

  • Tyson Foods Inc. (United States)

  • Smithfield Foods, Inc. (United States)

  • Cargill Incorporated (United States)

  • Pilgrim's Pride Corporation (United States)

  • The Kraft Heinz Company (United States)

  • China Xiangtai Food Co., Ltd. (China)


Processed Meat Industry Developments


March 2021: Smithfield Foods Inc. acquired a meat processing company called Mecom Group from parent company Penta Investments. Financial details of the transaction were not disclosed and are subject to approval by regulators in Hungary and Slovakia, where Mecom operates meat processing plants.


December 2021: Organic Prairie launched organic seasoned ground beef, pre-seasoned with organic spices. Ground beef is raised without artificial pesticides, fertilizers, antibiotics, synthetic hormones, GMOs, or other synthetic contaminants and is USDA-organic certified.


Processed Meat Market Segmentation


Processed Meat Type Outlook



  • Poultry

  • Beef

  • Pork

  • Others


Processed Meat Product Type Outlook



  • Frozen

  • Chilled

  • Canned


Processed Meat Application Outlook



  • Commercial

  • Residential


Processed Meat Distribution Channel Outlook



  • HoReCa

  • Supermarkets

  • Convenience Stores

  • Independent Retailers


Processed Meat Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Attribute/Metric Details
Market Size2022 USD 515.2 Billion
Market Size 2023 USD 548.68 Billion
Market Size2032 USD 908.07 Billion
Compound Annual Growth Rate (CAGR) 6.50% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018-2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Meat Type, Product Type, Application, Distribution Channel and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled  Hormel Foods Corporation (United States),Conagra Brands Inc. (United States),Foster Farms (United States),JBS S.A. (Brazil),Tyson Foods Inc. (United States) Smithfield Foods, Inc. (United States),Cargill Incorporated (United States),Pilgrim's Pride Corporation (United States),The Kraft Heinz Company (United States),China Xiangtai Food Co., Ltd. (China)
Key Market Opportunities Increasing Consumer Demand for Ready-to-Eat and Ready-to-Cook Food Products
Key Market Dynamics Consumer inclination towards flavored meat products


Frequently Asked Questions (FAQ) :

The Processed Meat market size was valued at USD 515.2 Billion in 2022.

The global market is projected to grow at a CAGR of 6.50% during the forecast period, 2023-2032.

North America had the largest share in the global market

The key players in the market are Hormel Foods Corporation (United States), Conagra Brands Inc. (United States), Foster Farms (United States), JBS S.A. (Brazil), Tyson Foods Inc. (United States), Smithfield Foods, Inc. (United States), Cargill Incorporated (United States), Pilgrim's Pride Corporation (United States), The Kraft Heinz Company (United States), China Xiangtai Food Co., Ltd. (China).

The poultry category dominated the market in 2022.

The chilled category had the largest share in the global market.

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