(Entertainment-NewsWire.com, November 08, 2017 ) Processed meat has been improved to either spread its shelf life or alter the taste and the chief methods are smoking, curing, or adding salt or preservatives. Processed meat includes sausages, salami, beef jerky, hot dogs, bacon, corned beef and ham as well as preserved meat and meat-based sauces.
The processed meat market growth is majorly driven due to the factors such as rising interest in non-traditional foodstuffs, increasing levels of disposable income and the advent of more sophisticated, primarily younger urban consumer base, many of which are less traditional in their tastes. The increasing demand for rising income level and consumption of meat foods are also favoring the market growth. Though, processed meat products may cause cancer and is acting as a key restraining factor for the growth.
Latin America market for processed meat is segmented by processing technology and meat type. By Processing Technology, the market is divided into Fresh-Processed Meat, Raw-Cooked Meat, Pre-Cooked Meat, Raw-Fermented Sausages, Cured Meat, and Dried Meat. Based on Meat type the market is segregated into Poultry, Beef, Pork and Mutton. Processed poultry is the largest segment and accounts for the largest share of the processed meat market. Cured meat is expected to witness high growth in the forecast period.
Key players in the processed meat market include Tyson Foods, Cargill Inc., Gulf Food Industries, Sunbulah Group, BRF S.A., Cherkizovo Group, National Food Co., Hormel Foods, Marfrig Group and Sanderson Farms Inc.
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