Product Code: MRFR/F-B & N/38466-CR
Report Information on Europe, South America & Middle East Processed Meat Market Research Report by Type (Turkey & Beef, Bacon, Lunchmeat, Pepperoni, Hot Dogs, Pancetta, and Others), Product Type (Frozen, Chilled, and Canned), by Application (Residential and Commercial), by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, and Others) Forecast to 2032
Market Overview
It is anticipated that the processed meat market in Europe, South America, and the Middle East will grow at a compound annual growth rate (CAGR) of 5.0% during the forecast period, reaching a value of USD 240.88 billion in 2032. In 2023, the market was valued at USD 154.35 billion.
In 2023, the European processed meat market was valued at USD 131.42 billion. It is anticipated to expand at a compound annual growth rate (CAGR) of 4.95%, reaching USD 204.44 billion by 2032. In 2023, Europe dominated the processed meat market, with lunchmeat being the most commonly consumed form. This expansion is driven by a variety of factors, such as the growing demand for convenience foods and the growing popularity of processed meat due to its perceived health benefits. The increasing recognition of health concerns associated with conventional curing agents has prompted manufacturers to explore alternative methods, such as celery powder, for curing. This change has increased the demand for processed meat products that are free of nitrites, such as guilt-free bacon, in various European countries. JBS, Tyson Foods, and Cargill are among the main players in the competitive landscape, and they are concentrating on strategic acquisitions and product development to improve their market presence. The market is fiercely competitive, with a diverse array of participants, including large multinational corporations and small and medium-sized enterprises.
Market Segmentation
The Europe, South America, and Middle East Processed Meat Market is further divided into Turkey & Beef, Bacon, Lunchmeat, Pepperoni, Hot Dogs, Pancetta, and Others based on the type.
The market is segmented into frozen, refrigerated, and canned categories based on the type of product.
The market is segmented into residential and commercial segments based on application.
The market is segmented into supermarkets/hypermarkets, convenience stores, online, and others based on the distribution channel.
The processed meat market is segmented into Europe, South America, and the Middle East based on region. In 2023, the Processed Meat Market was dominated by the Europe region, which held an 85.14% share. However, the South America region is anticipated to experience the most significant growth, with a compound annual growth rate (CAGR) of 5.53% during the forecast period.
Major Players
Danish Crown (Denmark), JBS S.A. (Brazil), Hormel Foods Corporation (US), WH Group Ltd. (Sweden), Vion Group (Netherlands), Tyson Foods, Inc. (US), Kaminiarz (Poland), Ferrarini S.P.A. (Italy), Nestle SA (Herta) (Switzerland), and Marfrig Global Foods SA (Brazil), among others.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 EUROPE, SOUTH AMERICA AND MIDDLE EAST PROCESSED MEAT MARKET, BY TYPE
- 1.1.2 EUROPE, SOUTH AMERICA AND MIDDLE EAST PROCESSED MEAT MARKET, BY PRODUCT TYPE
- 1.1.3 EUROPE, SOUTH AMERICA AND MIDDLE EAST PROCESSED MEAT MARKET, BY APPLICATION
- 1.1.4 EUROPE, SOUTH AMERICA AND MIDDLE EAST PROCESSED MEAT MARKET, BY DISTRIBUTION CHANNEL
- 1.1.5 EUROPE, SOUTH AMERICA AND MIDDLE EAST PROCESSED MEAT MARKET, BY REGION
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 RESEARCH OBJECTIVE
- 2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 OVERVIEW
- 3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
- 3.3 PURCHASED DATABASE:
- 3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
- 3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
- 3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE
- 3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 CONSUMPTION & NET TRADE APPROACH
- 3.6.2 REVENUE ANALYSIS APPROACH
- 3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
- 3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
- 3.9 TEAMS AND ANALYST CONTRIBUTION
4 MARKET DYNAMICS
- 4.1 INTRODUCTION
- 4.2 DRIVERS
- 4.2.1 SURGING DEMAND FOR CONVENIENCE FOODS
- 4.2.2 INCREASING DEMAND FOR HIGH-QUALITY PROCESSED MEATS
- 4.2.3 FOOD SERVICE INDUSTRY SPURRING THE GROWTH
- 4.3 RESTRAINTS
- 4.3.1 INCREASING HEALTH CONCERNS AMONG CONSUMERS
- 4.3.2 QUALITY CERTIFICATIONS, CULTURAL AND RELIGIOUS BELIEVES
- 4.4 OPPORTUNITY
- 4.4.1 EMERGING MARKETS CREATING LUCRATIVE PROSPECTS
- 4.4.2 FOCUS ON ORGANIC PRODUCT LAUNCHES
- 4.5 CHALLENGES
- 4.5.1 SHIFT TOWARDS PLANT-BASED DIETS
- 4.6 STRATEGIC INSIGHTS
- 4.6.1 TECHNOLOGY UPDATE
- 4.6.2 REGIONAL MARKETS TO LOOKOUT FOR
- 4.7 REGULATORY UPDATE
- 4.8 MARKET TRENDS
- 4.9 IMPACT ANALYSIS OF COVID-19
- 4.9.1 IMPACT ON OVERALL MEAT INDUSTRY
- 4.9.2 IMPACT ON EUROPE, SOUTH AMERICA, AND MIDDLE EAST PROCESSED MEAT MARKET
- 4.9.3 IMPACT ON THE SUPPLY CHAIN OF PROCESSED MEAT
- 4.9.4 IMPACT ON MARKET DEMAND FOR PROCESSED MEAT
- 4.9.4.1 IMPACT OWING TO RESTRICTIONS/LOCKDOWN
- 4.9.4.2 CONSUMER SENTIMENTS
- 4.9.5 IMPACT ON PRICING OF PROCESSED MEAT
- 4.10 CONSUMER BEHAVIOR ANALYSIS
5 MARKET FACTOR ANALYSIS
- 5.1 VALUE CHAIN ANALYSIS
- 5.1.1 RAW MATERIALS
- 5.1.2 MANUFACTURING / PRODUCTION/ PROCESSING
- 5.1.3 PACKING
- 5.2 SUPPLY CHAIN ANALYSIS
- 5.2.1 PARTICIPANTS (AT DIFFERENT NODES)
- 5.2.1.1 RAW MATERIAL SUPPLIERS
- 5.2.1.2 MANUFACTURERS
- 5.2.1.3 DISTRIBUTION CHANNEL
- 5.2.1.4 END USER
- 5.2.2 INTEGRATION LEVELS
- 5.2.3 KEY ISSUES ADDRESSED (KEY SUCCESS FACTORS)
- 5.3 PORTER'S FIVE FORCES MODEL
- 5.3.1 THREAT OF NEW ENTRANTS
- 5.3.2 BARGAINING POWER OF SUPPLIERS
- 5.3.3 THREAT OF SUBSTITUTES
- 5.3.4 BARGAINING POWER OF BUYERS
- 5.3.5 INTENSITY OF RIVALRY
- 5.4 BRAND ANALYSIS
6 PROCESSED MEAT MARKET, BY TYPE
- 6.1 INTRODUCTION
- 6.2 TURKEY & BEEF
- 6.3 BACON
- 6.4 LUNCHMEAT
- 6.5 PEPPERONI
- 6.6 HOT DOGS
- 6.7 PANCETTA
- 6.8 OTHERS
7 PROCESSED MEAT MARKET, BY PRODUCT TYPE
- 7.1 INTRODUCTION
- 7.2 FROZEN
- 7.3 CHILLED
- 7.4 CANNED
8 PROCESSED MEAT MARKET, BY APPLICATION
- 8.1 INTRODUCTION
- 8.2 RESIDENTIAL
- 8.3 COMMERCIAL
9 PROCESSED MEAT MARKET, BY DISTRIBUTION CHANNEL
- 9.1 INTRODUCTION
- 9.2 SUPERMARKETS & HYPERMARKETS
- 9.3 CONVENIENCE STORES
- 9.4 ONLINE
- 9.5 OTHERS
10 PROCESSED MEAT MARKET, BY REGION
- 10.1 OVERVIEW
- 10.2 EUROPE
- 10.2.1 GERMANY
- 10.2.2 FRANCE
- 10.2.3 UK
- 10.2.4 SPAIN
- 10.2.5 ITALY
- 10.2.6 REST OF EUROPE
- 10.3 SOUTH AMERICA
- 10.3.1 BRAZIL
- 10.3.2 ARGENTINA
- 10.3.3 REST OF SOUTH AMERICA
- 10.4 MIDDLE EAST
- 10.4.1 GCC COUNTRIES
- 10.4.2 TURKEY
11 COMPETITIVE LANDSCAPE
- 11.1 INTRODUCTION
- 11.2 COMPETITION DASHBOARD
- 11.3 MARKET SHARE ANALYSIS, 2023
- 11.4 WHO ARE THE MAJOR DISRUPTORS & INNOVATORS
- 11.5 WHAT STRATEGIES ARE BEING ADOPTED BY MARKET LEADERS
- 11.6 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL
- 11.7 LIST OF KEY PLAYERS/BRANDS, BY REGION
- 11.8 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.8.1 MERGER & ACQUISITION
- 11.8.2 EXPANSION
- 11.8.3 INVESTMENT
- 11.8.4 JOINT VENTURE
12 COMPANY PROFILES
- 12.1 DANISH CROWN
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERED
- 12.1.4 KEY DEVELOPMENTS
- 12.1.5 SWOT ANALYSIS
- 12.1.6 KEY STRATEGY
- 12.2 JBS S.A.
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERED
- 12.2.4 KEY DEVELOPMENTS
- 12.2.5 SWOT ANALYSIS
- 12.2.6 KEY STRATEGY
- 12.3 HORMEL FOODS CORPORATION
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERED
- 12.3.4 KEY DEVELOPMENTS
- 12.3.5 SWOT ANALYSIS
- 12.3.6 KEY STRATEGY
- 12.4 WH GROUP LIMITED
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERED
- 12.4.4 KEY DEVELOPMENTS
- 12.4.5 SWOT ANALYSIS
- 12.4.6 KEY STRATEGY
- 12.5 VION GROUP
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS OFFERED
- 12.5.4 KEY DEVELOPMENTS
- 12.5.5 SWOT ANALYSIS
- 12.5.6 KEY STRATEGY
- 12.6 TYSON FOODS, INC.
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 FINANCIAL OVERVIEW
- 12.6.3 PRODUCTS OFFERED
- 12.6.4 KEY DEVELOPMENTS
- 12.6.5 KEY STRATEGY
- 12.7 KAMINIARZ
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 FINANCIAL OVERVIEW
- 12.7.3 PRODUCTS OFFERED
- 12.7.4 KEY DEVELOPMENTS
- 12.7.5 KEY STRATEGY
- 12.8 FERRARINI S.P.A
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 FINANCIAL OVERVIEW
- 12.8.3 PRODUCTS OFFERED
- 12.8.4 KEY DEVELOPMENTS
- 12.8.5 KEY STRATEGY
- 12.9 NESTLE SA (HERTA)
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 FINANCIAL OVERVIEW
- 12.9.3 PRODUCTS OFFERED
- 12.9.4 KEY DEVELOPMENTS
- 12.9.5 KEY STRATEGY
- 12.10 MARFRIG GLOBAL FOODS SA
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 FINANCIAL OVERVIEW
- 12.10.3 PRODUCTS OFFERED
- 12.10.4 KEY DEVELOPMENTS
- 12.10.5 KEY STRATEGY
- 12.11 DATA CITATIONS