(Entertainment-NewsWire.com, February 13, 2018 ) According to a new market research report " Processed Meat Market by Processing Technology (Fresh-Processed Meat, Raw-Cooked Meat, Pre-Cooked Meat, Raw-Fermented Sausages, Cured Meat, Dried Meat), by Meat Type (Poultry, Beef, Pork and Mutton), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", published by MarketDataForecast™, the market is estimated to approach $874.45 billion by 2021 from the value of $450.20 billion in 2016, with a CAGR of 14.2%. Inclusion of some protein rich internal organs of animals in food, which are usually not included in the fresh meat purchases, is the key driver behind the market growth.
Browse Market Data Tables and Figures spread through 160 Pages and in-depth TOC on "Tissue Diagnostics Market"
Early buyers will receive 10% customization on this report
Discuss the opportunities of the market
Cured Meat is expected to have the highest growth rate till 2021
Under Processing Technology, the market is divided into Fresh-Processed Meat, Raw-Cooked Meat, Pre-Cooked Meat, Raw-Fermented Sausages, Cured Meat and Dried Meat. Cured Meat segment is projected to have the highest market growth rate among all the segments in this market. Increasing global population, and the rising occurrence of convenience foods as the preference of the population act as the main propellants behind the growth of the Processed Meat market.
The Processed Poultry segment to dominate the market share till 2021
Under the Meat type, the market is categorized into Poultry, Beef, Pork and Mutton. In this market segmentation, the Processed Poultry segment provided the largest share of the global Processed Meat market, and is estimated to retain its top position till 2021. Increase in the public awareness about sufficient protein intake in the diet led to the increase in the market scope of the Processed Meat market.
North America to command the largest share of the market till 2021
The market is classified geographically into Latin America, North America, Europe, Asia-Pacific and Middle East & Africa. The largest share in the global market in 2016 is accounted for by North America. Increased demand for meat as a protein supplement in the diet in China resulted in Asia-Pacific region having a high growth rate in the time period forecast. Increase in the mean income of the population in the developing countries like India also propels the market growth forward.
Leading competitors in the Processed Meat Market include Hormel Foods, Tyson Foods, Cargill Inc., Cherkizovo Group, National Food Co., Gulf Food Industries, Sunbulah Group, BRF S.A., Marfrig Group and Sanderson Farms Inc.
The scope of the report provides:
· The evaluation of the current market for your product or services and the future implications of the market
· Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
· Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
· Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
· The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces
· The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
· Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
· Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
· Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.
Browse Related Reports
Fruit Concentrate Market by Fruit Type (Orange, Apple, Pineapple, Banana and Others) by Application (Dairy Products, Juices, Squash, Soft Drinks, Frozen Products and Baby Food), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
Market Data Forecast is a well versed market research firm catering solutions in the fields of market research, business intelligence and consulting. With a profound knowledge about the global market activities coupled with a customized approach. We render services in the most gripping markets like healthcare, agriculture and food & Beverages
