Portland, OR -- (SBWire) -- 09/28/2017 --Processed Poultry Meat Market Report, published by Allied Market Research, forecasts that the global market is expected to $289.16 billion by 2020, registering a CAGR of 6.4% during the period 2015-2020. Poultry meat has a higher demand among consumers compared to pork, beef or goat meat, as it is comparatively cheaper and contains lower content of saturated fats. Processed poultry meat has been gaining popularity among consumers due to the lesser preparation time. North America is the largest market of processed poultry meat. However, Asia Pacific would be the fastest growing region during the forecast period.

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The study of the processed poultry meat market in this report covers information on processed products made from meats of poultry such as chicken, turkey, duck and others (geese, quail, guinea fowl, squab, pheasant). The products, that use synthetic or organic preservatives such as sodium nitrite and salt, have been analyzed. These are ready-to-cook and ready-to-eat products. Processed poultry meat includes nuggets, patties, burgers, sausages, drumstick, cutlet, strips and other products.

The processed poultry meat market is segmented on the basis of type of poultry, product type, end user and geography. The type of poultry segment is further classified into chicken meat, turkey meat, duck meat and others. The product type segment comprises of cured and uncured products. End user segment is categorized into retail and food service industry. Based on geography, the market is segmented into North America, Europe, Asia Pacific and LAMEA regions.

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The end user segment of the processed poultry meat comprises of retail and food service industries. Retail segment, being the biggest consumer, contributed a significant share of the market in 2014. However, food service user segment would witness a higher CAGR of 6.9% during the forecast period, as these industries prefer using processed poultry meat over fresh meat. Processed poultry products require less preparation time, eventually reducing the customer wait time; hence, their popularity has increased among food service providers.

Key Findings of Processed Poultry Meat Market:

- North America was the largest market of chicken processed poultry chicken meat in 2014 and would continue to maintain this trend during the forecast period

- Uncured processed poultry meat segment would grow, registering a CAGR of 7.7% during the forecast period, owing to rising health consciousness among consumers

- Retail user segment would witness significant growth in the Asia Pacific region by 2020, as global retailers are projected to expand their market presence in this region