According to the report Fresh Processed Meat Products Market, published by Market Data Forecast, the Global market is projected to reach USD xxmillionby 2021, at a CAGR of xx% from 2016 to 2021.
Processing meat involves enriching it with various additives/preservatives like acidifiers, mineral salts and other season and flavouring agents. Processing meat improves its shelf life, texture, taste and adds flavour. Fresh processed meat products are very popular in forms of fast food products and its use is increasing due to the dominance of existing fast food products.
Factors like increasing disposable income, increasing outlets of fast food centres, rapid urbanization, large varieties of processed meat available in the market place at lower prices and higher purchasing power of consumers in emerging nations are accounted for driving the growth of market.
However, factors like increasing health concerns and strict government regulations regarding the manufacture of such products are restraining the growth of market.
Based on product type, fried sausages and hamburgers are holding the major share in the market due to wide acceptance of these type of foods as snacks and meals, especially among the people leading a busy lifestyle and increasing popularity for fast foods. Based on Packaging, Frozen type holds the major share in the market due to its use for ready to cook and its major use by QSRs.
Regionally, North America leads the Fresh Processed Meat Products market due to a wide variety of QSRs in this region and their dominance. Many of the consumers in this region prefer fast foods as a regular meal and the QSR business is expanding exponentially in this region. Asia Pacific is expected to grow the fastest due to increasing popularity and demand for fast foods and QSRs.
Fresh Processed Meat Products Market: Key Players
Some of the key players in processed meat market are ConAgra, Tyson Foods Inc., Advance Food Company Inc., Pilgrims Pride Corporation, Cargill Inc., NH Foods Ltd., JBS, Tyson Foods Inc., Cherkizovo Group PJSC, OSI Group, National Beef Packing Company and other private labels.
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