New York, NY -- (SBWIRE) -- 12/10/2018 -- The Processed Meat market continues to witness strong prospects with the size of the market is estimated to be around US$ 200,717.6 Mn in 2018 over 2017, according to a new Fact.MR study. A significant evolution of Processed Meat in the previous year has provided a feasible amplification to the chilled, frozen and shelf stable processed meat. This evolution has further aided the Processed Meat in the food & beverages industry in taking a moderate growth, with gaining high traction in the organic and conventional nature type

Emerging countries, such as China and India, are expected to contribute heavily to the growth of the global processed meat industry due to rising incomes and healthy eating trends. Processed meat products in packaged format are considered to be hygienic and of high quality as they are sold by well-established companies, such as the WH Group in China and Godrej Tyson Foods Ltd in India. In response to growing consumer demand for more fresh and healthy processed meat products, these manufacturers have increasingly shifted their focus from shelf-stable processed meat to chilled processed meat.

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Consumers in some developed countries, such as Australia, are increasingly concerned about animal welfare, as well as the negative environmental impacts of raising cattle and methane gas emissions. Consumer concern over the sustainability of meat consumption and its impact on the environment has spurred consumer lifestyle movements such as the "rise of the flexitarian", where some consumers consciously choose to restrict their meat intake with red meat-free days in favor of other protein sources. Major supermarkets, such as Aldi Stores, have increased their range of gourmet or better-quality chilled meat substitutes to adapt to this trend.

Manufacturers to face steady increase in demand for halal meat

Demand for halal meat, an important feature of life across Muslim communities, is growing rapidly. In the Middle East and North Africa region, nearly all meat is halal by default whereas in Asia Pacific, which also houses a significant Muslim population, demand for halal-certified products is growing. In many European countries where Muslims make up an important minority, such as France, Germany and the UK, rising demand for halal meat manifests itself on several fronts, with supermarkets such as Carrefour, Sainsbury's and Tesco offering fresh halal meat and meat products, as well as Turkish or Arabic specialized retailers selling halal-certified meat.

Rising health and wellness awareness driving the consumption of high protein meat snacks with healthier ingredients. Development of value-added products, such as varieties offering reduced preparation time and increased shelf life. Obtaining standards such as halal, Best Aquaculture Practices Standard to compete in the global market. Increasing demand for natural, organic, additive-free meat. High income markets where high-value products compensate the high cost of sophisticated supply chain investments. Traditional channel growth in consumer foodservice, better value (meat) for lower cost to consumers

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China continues to account for bulk shares of the Processed Meat market amongst all APEJ countries. Among other APEJ countries, ASEAN countries are projected to witness healthy growth rate during the forecast period due to the high per capita consumption of processed meat according to Fact.MR study.

Concerning competitive landscape, the global Processed Meat market chiefly consists of North America, Europe based manufacturer as well as APEJ based manufacturer which command the significant share of the global Processed Meat market. Some of the players reported in this study on the global Processed Meat market are, Tyson Food Inc., JBS USA Holding Inc., Cargill Meat Solutions Corp., Smithfield Foods Inc., Hormel Foods Corp., ConAgra Foods Inc., SYSCO Corp., Perdue Farms Inc., OSI Group LLC, WH Group, and American Food Group LLC many others. Industry players, over the recent past, have been focusing on expansion plans and territory sales expansion in APEJ, MEA and other emerging markets to improvise Processed Meat market sales turnover. Moreover, organic growth and product development strategies adopted by Processed Meat manufacturers to improve sales & distribution network and enhance their operational efficiencies are expected to continue over the forecast period.

Report Overview at https://www.factmr.com/report/2360/processed-meat-market

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