North America Processed Meat

Introduction of the North America Processed Meat Market Report

Processed Meat is considered any meat that has been transformed to either improve its taste or extend its shelf life. The processed Meat is modified into a perishable product by processing, salting, curing, fermentation, and smoking, which helps preserve meat’s taste and nutrition for a longer period. Processed meat products include bacon, ham, sausages, corned beef, hot dog, canned Meat, and meat-based sauces.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the North America Processed Meat market include increased demand for packaged food products which required less time to prepare. In addition, consumer demand for high-quality product without compromising change in size, colour, texture, and nutrition of perishable products is further supporting market growth.

In addition, change in dietary habit of consumer due to hectic schedule, and changing trends is further supplementing growth. Moreover, increase in demand for organic and fresh meat products is set to boost the growth of the market as consumption of canned meat, sausages, dried meat, frozen meat, and others continues to increase

The leading players are now focusing on new technologies to adapt the change in the market as consumer are shifting towards fresh and organic meat product. For instance, in 2019, John beat technology, came up with the new technology HPP (high-pressure processing), which helps to kill microbes and increase the shelf life of the meat.

Restraint in the North America Processed Meat Market

However, increasing concerns related to high equipment cost along with increasing power and energy cost is acting as a market barrier. Furthermore, lack of storage facilities and improper logistic services may hamper the growth of North America Processed Meat Market.

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Type – Segment Analysis

Based on the Type, Frozen meat is expected to grow at a higher CAGR rate during forecast period. People are inclining towards frozen meat as it offers several benefits such as longer shelf life, easy availability, and convenience of cooking. Furthermore, increasing consumption of sausages, salami, beef patties, chicken breast and nuggets among the consumers has raise the demand of the frozen segment.

Animal Type – Segment Analysis

Based on the Animal Type, the Poultry segment is expected to grow at a higher CAGR rate during the forecast period. The shifting preference towards processed poultry meat is one of the major factors for the increasing demand of the segment in the market In addition, poultry meat is considered a great source of protein and relatively priced lower compared to other meat types. For instance, boiler chicken amounted to USD 2.03 per pound, while on the other hand, beef recorded USD 5.36 per pound in 2020. For instance, in 2020, according to National Chicken Council, The United States has the largest broiler chicken industry in the world, with over 16% of production exported to other countries.

Distribution Channel – Segment Analysis

Based on the Distribution Channel, the Supermarket/Hypermarket is expected to grow at a higher CAGR rate during the forecast period. Hypermarkets such as Walmart, The Kroger Co, provide a wide range of processed meat under one roof. They offer a wide range of options, offer schemes and discounts, and a convenient shopping experience.

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Regional – Segment Analysis:

Based on the region, The U.S. is expected to grow at a higher CAGR rate during the forecast period. For instance, in 2020, according to National Chicken Council, The United State has the largest broiler chicken industry in the world, with over 16% of production exported to other countries. 

Key Developments:

• • In 2020, JBS acquired a local pork processor Adelle Industrial de Alimentos, to strengthen its position in the pork market.
  • In 2019, John beat technology, came up with the new technology HPP (high-pressure processing), which helps to kill microbes and increase the shelf life of the meat.

Segments covered in the Report:

The North America Processed Meat market has been segmented on the basis of Type, Animal Type, Distribution Channel. Based on Type, the market is segmented into Frozen, Canned, Chilled and others. Based on Animal Type, the market is segmented into Poultry, Beef, Pork, and others. Based on Distribution Channel, the market is segmented into Hypermarket/Supermarket, Convenience Store and Specialty Store. 

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Key questions answered in this research report:

• • At what pace is North America Processed Meat market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in North America Processed Meat market? What will be the impact of drivers and restraints in the future?
  • Which Type generated maximum revenues in 2020 and identify the most promising Type during the forecast period?
  • What are the various Animal Type areas of North America Processed Meat market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

North America Processed Meat Market by Type

• • Frozen
  • Canned
  • Chilled
  • Dry & Fermented

North America Processed Meat Market by Animal Type

• • Poultry
  • Beef
  • Pork
  • Others

North America Processed Meat Market by Distribution Channel

• • Hypermarket/Supermarket
  • Convenience Store
  • Specialty Store
  • Online

North America Processed Meat Market by Countries

• • US North America Processed Meat Market All-Up
  • Canada North America Processed Meat Market All-Up