Processed Meat Market Stand Out as the Biggest Contributor to Global Growth By 2026
Global processed meat market expected to grow at an excellent rate owing to the increasing demand for ready-to-eat food says Fortune business insights in a report, titled “Processed Meat Market Size, Share and Global Trend by Processing Type (Chilled, Frozen, Canned), By Product Type (Poultry, Beef, Lamb), By Distribution Channel (Supermarkets/Hypermarkets, Grocery Stores, Specialty Retailers, Online Channels), And Geography Forecast till 2026.” Processed meat Industry is expected to witness significant growth with rise in world population.
KEY INDUSTRY DEVELOPMENTS:
-In March 2019, Coleman Natural Foods, in partnership with Budweiser Beer launched a line of natural meat to be sold in grocery stores across US by the end of year 2019.The newly launched product claims to have been produced with slow roasted coleman pork, which doesn’t contain any antibiotics or hormones.
-In January 2019, Kemin Industries, a leading provider of food safety solutions, launched NaturCease Dry, a meat spoilage preventive product that can keep processed meat fresh and safe. The product is clean-label combination of natural plant extracts and buffered vinegar.
-In April 2016, Group Uvesa launched ten new processed chicken products, under its popular brand Uvesa. The chicken meat products launched were especially formulated and allows fast cooked fried, baked or grilled.
Rising Demand for Protein-Rich Diet to Aid Market Expansion
The global processed meat market is growing at a rapid speed owing to increasing demand for ready-to-eat food products, attributed by the hectic schedule of people. Lamb, beef, and poultry are some of the major processed meat types that are consumed widely around the world.
Meat processing involves various methods and processes, such as curing, canning, dehydrating, smoking, and freezing meat to retain their nutritive properties for a longer and ensure they have a longer shelf-life. The rising population across the globe and the increasing demand for processed meat is expected to boost the market for processing meat in the forthcoming year.
Coleman Natural Partners with Budweiser for Beer-Infused Meat
Coleman natural announced teaming up with Budweiser for a new line of beer-infused pork products which include beer brats, Budweiser jalapeño cheddar, St. Louis ribs, pulled pork, and Budweiser barbecue sauce-slathered. The goodwill and creative approach towards processed meat such as this will augur well for the processed meat market. Various key players in the market are launching new products with an aim to provide safe processed meat to the consumers.
For instance, Kemin Industries, a leading provider of food safety solutions, launched NaturCease Dry, a meat spoilage preventive product that can keep processed meat fresh and safe. The product is a clean-label combination of natural plant extracts and buffered vinegar.
North America Forecast to Remain Dominant in the Global Market
North America is presently holding a major share in the global processed meat market and is expected to continue dominating the market during the forecast period. Rising demand for consumption of processed meat in North America, especially in the U.S., is predicted to aid the expansion of the market.
Presence of key players along with large numbers of local vendors in North America is another prominent reason contributing to the growth of processed meat Industry in the region. Processed meat market in the Asia Pacific is projected to expand at a rapid pace in the forthcoming year owing to an exponentially rising population in Asian countries such as China and India.
By Distribution Channel:
· Grocery Stores
· Specialty Retailers
· Online Channels
· North America (USA, Canada, and Mexico)
· Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)
· Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
· South America (Brazil, Argentina, and Rest of South America)
· Middle East & Africa (South Africa and Rest of ME&A)