(Health-NewsWire.Net, December 06, 2017 ) The North America Processed Meat Market was worth $157.57 billion in 2016 and estimated to be growing at a CAGR of 13.62%, to reach $298.36 billion by 2021.
North America concerns over waste and red meat outrages added to this rise of processed meat market.
Processed meat and poultry products like sausage, ham, hot dogs, bacon, and other deli meats are abundant American traditions and iconic foods. These foods are accessible in a variability of selections so the customer can make the best food choice for their daily life. Meat processing has its origins in the salting and smoking of meats that initiated centuries back before preservation was existing. Salting and smoking conserved meats and kept them harmless to eat for longer periods of time.
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Attribution, locality and traceability are vital drifts that illustrate the demand for chilled processed meat, in particular in Western Europe and North America. The market is driven by several aspects such as increasing population and rise in demand and consumption of treated food, new technological improvements, and government funding. In the evolving world, affordability and suitability continue to be key concerns, mainly in the purchase of frozen processed and preserved meat.
North America market for processed meat is segmented by processing technology and meat type. By Processing Technology, the market is divided into Fresh-Processed Meat, Raw-Cooked Meat, Pre-Cooked Meat, Raw-Fermented Sausages, Cured Meat, Dried Meat. Based on Meat type the market is segregated into Poultry, Beef, Pork and Mutton. Processed poultry is the largest segment and accounts for the largest share of the processed meat market. Cured meat is expected to witness high growth in the forecast period.
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Geographically the market is segmented into USA and Canada. As the first global manufacturer of beef and poultry meat, the United States is a key player in the world’s meat market. Canada’s processed meat market is mostly driven by hog production and exports.
Key players in the processed meat market include Tyson Foods, Cargill Inc., Gulf Food Industries, Sunbulah Group, BRF S.A., Cherkizovo Group, National Food Co., Hormel Foods, Marfrig Group and Sanderson Farms Inc.
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