Processed Meat Market in the US 2017-2021
About Processed Meat
Processed meat is any meat, which is modified to either extend its shelf life or change its taste. The main methods of processing meat are smoking, curing, or adding salt and preservatives. Processed meat includes bacon, sausages, hot dogs, salami, corned beef, beef jerkies, and ham as well as canned meat and meat-based sauces. Meat processing involves the use of a variety of equipment on raw meat to convert it into the required form. The equipment used for processing the meat facilitates toxin removal, preservation, eases marketing and distribution tasks, and increases meat consistency.
Technavio’s analysts forecast the processed meat market in the US to grow at a CAGR of 2.51% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the processed meat market in the US for 2017-2021. To calculate the market size, the report considers the consumption in terms of volume through the retail sales of different types of processed meat -chilled processed meat, frozen processed poultry, canned/preserved meat and meat products, and frozen processed red meat.Technavio's report, Processed Meat Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Processed Meat Market in the US 2017-2021
Technavio recognizes the following companies as the key players in the processed meat market in the US: AdvancePierre Foods, Hormel Foods, JBS, and Tyson Foods.
Other Prominent Vendors in the market are: Cargill, Conagra Brands, CLW Foods, FLANDERS PROVISION, General Mills, Keystone Foods, National Beef Packing, OSI Group, Sanderson Farms, Schwan's Shared Services, and Smithfield Foods.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is adoption of sous vide technology in processing meat. The processed meat market in the US is witnessing the adoption of the sous vide technology. Sous void is a method of vacuum packing meat and then cooking it. In this method, the meat is sealed in an airtight plastic bag and placed in a temperature-controlled steam environment or water bath at a precise and consistent temperature.”
According to the report, one of the major drivers for this market is demand for strong flavors in processed meat. US consumers now prefer to consume proteins in larger amounts as a part of their diet. Consumers consuming products such as deli meats, sausages, ready-to-eat cold cuts, beef jerkies, and other processed meat products are looking for a broader range of flavors in these products.
Further, the report states that one of the major factors hindering the growth of this market is stringent laws for processed meat. The stringent regulations and guidelines issued by various government bodies will also negatively affect the growth of the market during the forecast period. The processed meat industry is heavily regulated by the strict standards laid down by various government bodies across the world. The regulatory body in each country ensures that the entire cold chain through which the food passes is under the strict scrutiny of quality check departments and the food is free from any contamination or adulteration.
AdvancePierre Foods, Hormel Foods, JBS, Tyson Foods, Cargill, Conagra Brands, CLW Foods, FLANDERS PROVISION, General Mills, Keystone Foods, National Beef Packing, OSI Group, Sanderson Farms, Schwan's Shared Services, and Smithfield Foods.
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