BLOG

A Comprehensive Overview of the Processed Meat Market

Jun 25, 2018

Modern consumers are characterized by their hectic lifestyle and busy lives. This trend has opened the doors for packaged, ready-to-eat, and convenience food such as processed meat products. Companies in the processed meat market are increasingly on the lookout for new technologies that can improve their offerings and provide customers with the experience and taste of eating fresh meat (Source: Global Processed Meat Procurement Market Intelligence Report). Furthermore, the growth of the food service and retail industry has increased the demand and supply of processed meat products. The growth of fast food giants will further fuel the rise of the processed meat market. However, one of the major factors that will negatively impact the processed meat market is the increasing obesity level globally, which is rising due to the high intake of processed meat products.CTA view full report

Category contribution

Chilled meat will account for the largest contribution to the growth of the global processed meat market. Between 2012 and 2016, the category contributed over 70% to the market’s value growth. The poultry segment accounted for over 42% of the total processed meat market share in 2017. The segment registered significant growth during 2010-2017 due to the introduction of enhanced breeding stocks, availability of feedstocks such as soybean meal and maize, and better marketing infrastructure.

Market growth

The processed meat market is in for a steady growth with a CAGR of 12% between the period 2017-2022. In addition, factors such as increasing trade liberalization policies through multilateral and regional trade agreements have led to rapid growth in food processing, which is expected to augment the growth of the market. Suppliers in the processed meat market are involved in strategic alliances with raw material suppliers and adopting vertical integration practices. This enables them to achieve significant bargaining power and obtain cost savings between 3%- 5 %.

Largest market for processed meat products

Increasing population, demand for animal source food, and growing urbanization are the major factors that are expected to drive the global demand for processed meat by 2022. The APAC region is one of the biggest markets for processed meat products. Regions such as China, Pakistan, and Southeast Asia are expected to observe the highest growth due to the increasing consumer spend on food products. Furthermore, the export of processed meat from suppliers, especially in APAC, is expected to increase due to the growing adoption of standard protocols in production methods.

Pricing model

There are two main types of pricing models for processed meat products – volume-based pricing and market pricing. In volume-based pricing, buyers can be assured of consistent product supply and availability of the product during demand-supply fluctuations. Market pricing is transparent, as it is based on variable costs of production and market prices.

Market innovations

Increasing adoption of technologies in production practices has led to higher outputs and efficiency in operations for companies in the processed meat market. Some of these technological innovations include data collection technologies for analysis of flock, in-shed sensors for monitoring production data, and aero scalding techniques for improving energy efficiency.


Read more about the market outlook of the processed meat products market along with procurement best practices, pricing insights, supply market insights, and market innovations in SpendEdge’s report on the global processed meat market.

CTA view full report


Recent Blogs

5 Pro Tips for an Impactful Procurement Process

5 Pro Tips for an Impactful Procurement Process

What is a procurement process cycle? Over the years, procurement process cycle has received a lot of attention as organizations across the globe have changed their focus from tactical functions to strategic business units. As a driver of major purchasing decisions,...

read more

Industries

Services

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars