The North American processed meat market is expected to grow at a CAGR of XX% over the forecast period 2017-2022 to reach USD XX million by 2022. The region is the market leader in the world when it comes to processed meat, with the United States leading the market followed by Canada and Mexico. Consumption of beef has been on the decline in favor of processed beef. Processed meat of rabbits and horses can be considered as opportunities in North America.
The increasing demand for high-value animal protein, convenience, variety, prices and services that the food retail firms have been offering to their customers drive the growth of this market. The innovation in processing technologies has led to the introduction of diverse products in the market, thereby ensuring a bigger consumer base. Rising cost of feed raw materials is the major restraint to the market.
The North American processed meat market has been segmented by product type into cured meat, which is widely consumed and dominates the market, and uncured meat. Among the cured meats, fully cooked and formed meat is the major segment.
The market is also segmented by meat type into poultry, beef, pork, mutton and others, with the processed poultry segment dominating the market. The per capita consumption of poultry in the United States is expected to be 45.6 kg by 2022 from the current level of 44.4 kg.
The North America processed meat market has been geographically segmented into the U.S., Canada, Mexico and others.
The market for processed meat is highly fragmented with a large number of international and regional vendors. The vendors compete for innovation, pricing, and distribution. The rising demand for organic livestock is an opportunity for vendors to increase their market share.
Some of the major players in the market include:
Cargill Inc. BRF S.A. Hormel Foods Marfrig Group Tyson Foods Inc. Key Deliverables in the Study
Market analysis for the North America processed meat market, with region specific assessments and competition analysis on global and regional scales. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their market share. Identification and analysis of the macro and micro factors that affect the market on both global and regional scales. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insight about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major countries/regions where this industry is growing and identifying the regions which are still untapped. Related Reports
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