0
2022
Processed Poultry Meat Market

Processed Poultry Meat Market

by Product Type (Chicken, Turkey, Duck, Others), by Preservation Type (Cured, Uncured), by End User (Retail, Food Service): Global Opportunity Analysis and Industry Forecast, 2020-2031

✷  Report Code: A00585
Pages: 215
Tables: 147
Charts: 58
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

Processed Poultry Meat Market Research, 2031

The global processed poultry meat market was valued at $252.40 billion in 2020, and is projected to reach $592.70 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031.

Processed poultry meat is derived from the processing and treatment of poultry meat to prolong its shelf life and to enhance its taste. These processes include use of chemical preservatives such as sodium nitrite. Processed poultry has gained higher acceptance over the other meat, such as pork and beef, owing to high protein content and affordable price. Poultry meat has a higher demand among consumers, as it is less expensive as compared with other meat. Increased intake of poultry meat due its high protein content amongst health-conscious individuals is a key factor boosting the growth of the processed poultry meat market.

Factors affecting the world processed poultry meat market include increasing health awareness towards animal protein rich diet, growing demand for processed and convenience foods, coupled with price affordability of processed poultry meat products. Moreover, unflinching government support and unprecedented growth of the retail sector are also likely to boost the market. All the factors collectively create ample growth opportunities for the growth of the market whilst factors such as presence of unorganized players and threat of outbreaks of avian diseases pose limitations to the same.

With an unprecedented COVID-19 pandemic, in 2020, demand for processed poultry meat was decreased as dynamic changes in the eating pattern, high inclination towards eating animal free food products, high price and low production of the poultry meat. Furthermore meat producers and processors faced difficulty in harvesting and shipment of the products due to lockdown situations. However, in 2021, the market regained its share in global and is expected to sustain its share during the forecast period.

According to the processed poultry meat market analysis, the processed poultry meat market segmented into product type, preservation type, and end user and region. On the basis of product type, the market is categorized into chicken, turkey, duck and others. By preservation type, it is bifurcated into cured and uncured. By end user, it is bifurcated into retail and foodservice. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia and Rest of the Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and Rest of the Asia-Pacific) and LAMEA (Brazil, Argentina, South Africa and Rest of LAMEA).

According to the processed poultry meat market trends, on the basis of product type, the chicken segment was the considerable contributor to the market, with $209.9 billion in 2020, and is estimated to reach $514.3 billion by 2031, at a CAGR of 7.8% during the forecast period. Chicken is the most lucrative poultry product amongst all processed poultry meat products. The popularity of chicken is usually attributed to its affordable pricing. Besides affordable pricing, the nutritional value of chicken meat has also contributed to its all-time popularity. Thus, growing popularity and benefits associated with chicken meat consumption is likely to garner the growth of the processed poultry meat market size during the forecast period.

Processed Poultry Meat Market

According to the preservation type, the uncured segment was the significant contributor to the market, and is estimated to reach $232.8 billion by 2031, at a CAGR of 8.2% during the forecast period. These products are labeled as uncured on their packaging. These are refrigerated or frozen products, which are packaged in order to extend shelf life. Cured meats are more popular than uncured products. However, adoption of uncured meat products is increasing owing to the growing health awareness Owing to the natural preservatives content in uncured meat; health issues associated with it are lesser in comparison to cured meat. Thereby in order to prevent health risks, consumers in developed countries are shifting towards uncured meat products.

Processed Poultry Meat Market

On the basis of end user, the foodservice segment was the highest contributor to the market, and is expected grow at CAGR of 7.9% during the forecast period.   Processed poultry meat products are gaining high acceptance from food service provider owing to their long shelf life. Fast food chains and quick service restaurants have adopted processed poultry meat as a substitute to fresh meat. Increasing rapid urbanization, disposable income and changing life style are the prime factors supporting the market growth. Nowadays, consumers are looking out for convenience food and in such scenarios, processed poultry meat products are better solutions for consumers. Thus, above mentioned factors are likley to spur the processed poultry meat Market growth during the forecast period.

Processed Poultry Meat Market

Region wise, Asia-Pacific gained highest processed poultry meat market share and is expected to sustain its share during processed poultry meat market forecast period. Increasing disposable income, changing life style, preferences for convenience and protein rich food are propelling the growth for processed poultry meat market. Organized retail sector is experiencing noteworthy growth in the region and would provide several opportunities to the market. In countries like India and China, increasing disposable income, urbanization and changing life style are significant factors fueling the market growth. Price affordability and demand for convenience food are other supporting factors in these countries.

Processed Poultry Meat Market

The players operating in the global processed poultry meat industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include BRF S.A., Cargill Incorporated, Cherkizovo Group, Golden Valley Natural LLC., Hormel Foods Corporation, JBS S.A., Marfrig Global Foods S.A, NH Foods Ltd., Tyson Foods, Inc. and WH Group Limited.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the processed poultry meat market analysis from 2020 to 2031 to identify the prevailing processed poultry meat market opportunities.
  • Market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the processed poultry meat market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global processed poultry meat market trends, key players, market segments, application areas, and market growth strategies.

Processed Poultry Meat Market Report Highlights

Aspects Details
By Product Type
  • Others
  • Chicken
  • Turkey
  • Duck
By Preservation Type
  • Cured
  • Uncured
By End User
  • Retail
  • Food Service
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (U.K., Germany, France, Italy, Spain, Russia, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Argentina, South Africa, Rest of LAMEA)
Key Market Players Cherkizovo Group, Golden Valley Natural LLC, Tyson Foods Inc, BRF SA, JBS SA, Marfrig Global Foods SA, Hormel Foods Corporation, NH Foods Ltd, Cargill Incorporated, WH Group Limited
 

Loading Table Of Content...


 
 

In the current business scenario, there is substantial demand for processed poultry meat from the retail and foodservice user segment. Poultry meat is comparatively cheaper and contains lower content of saturated fats as compared to pork, beef, or goat meat. Owing to economic consideration and increased health awareness, the popularity of processed poultry meat has soared in the last couple of years. Chicken is the most preferred type of poultry followed by ducks and turkey for meat consumption. In developed countries such as U.S and U.K., consumption of processed pork and beef meat is higher. However, buyers in these countries shifted towards poultry meat as it contains low saturated fats. On the contrary, in developing regions such as Asia-Pacific and LAMEA, processed poultry meat gained significant demand owing to affordable pricing. The emerging trend of outbreaks of avian diseases is one of the major challenges for processed poultry meat manufacturers. Companies operating in the raw poultry meat business are adopting aggressive business strategies in order to expand their business. Adoption of such strategies would create stiff competition in the market.

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com
 
Published Date :
Mar 2022
Author(s) : Anil K , Roshan D
FREQUENTLY ASKED QUESTIONS?

A. The global processed poultry meat market size was valued at $252.4 billion in 2020.

A. 7.4% is the CAGR of Processed Poultry Meat market.

A. You can request sample from the website (www.alliedmarketresearch.com) or you can call our sales representative on U.S. - Canada toll free - +1-800-792-5285, Int'l : +1-503-894-6022 and for Europe region + 44-845-528-1300.

A. 2022-2031 would be forecast period in the processed poultry meat market report.

A. BRF S.A., Cargill Incorporated, Cherkizovo Group, Golden Valley Natural LLC., Hormel Foods Corporation, JBS S.A. and Marfrig Global Foods S.A are some of the top companies in the processed poultry meat market.

A. The processed poultry meat market segmented into product type, preservation type, and end user and region.

A. China processed poultry meat market was valued at $17.7 billion and expected to grow at CAGR of 9.2% during the forecast period.

A. North America will dominate the market by the end of 2031.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Sample
Related Tags

Purchase Full Report of
Processed Poultry Meat Market

Start reading instantly.
This Report and over 71,295+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Mar 2023 - Mar 2024)
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers