26 January 2021
Visiongain has published a new report on Meat, Beef and Poultry Processing Market Report 2021-2031: Forecasts by Processing Equipment (Cutting Equipment, Blending Equipment, Tenderising Equipment, Filling Equipment, Slicing Equipment, Grinding Equipment, Smoking Equipment, Massaging Equipment, and Other Types), by Type (Processed Beef, Processed Chicken, Processed Meat, and Other Meat Types), by Product Type (Fresh Processed Meat, Raw Cooked Meat, Precooked Meat, Raw Fermented Sausage, Cured Meat, Dried Meat, Other Product Types) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Meat, Beef and Poultry Processing Companies AND COVID-19 Recovery Scenarios.
Global Meat, Beef and Poultry Processing Market was valued at US$ xx billion in 2020 and is projected to reach at a market value of US$ xx billion by 2031.
Consumer Inclination Towards Flavoured Meat Products
The rising consumer demand for flavoured and nutritious meat products has driven the packaged meat market. Various herbs, marinates, seasoning and spices are applied to the meat products atta gives it a perfect taste and a flavoured texture. The meat flavours trend is expanding and further incorporating meat processing methods such as braising and glazing owing to the changing and preferred taste of the consumers. The consumers prefer taste but not the time commitment of the intricate meat preparations which has contributed in the growing popularity of the packaged meat products.
Rising Consumer Awareness for Organic Processed Meat Products
A significant number of consumers are aware of the conventionally reared poultry and cattle for producing meat. There is some rising awareness among the consumers for eating healthy, safe, free from antibiotics and chemical residue foods which has nudged them to shift towards organic meat products. The factor propels the demand for adopting organic animal husbandry. The manufacturers coping with the growing trend and are producing meat products that are obtained from organic certified farms.
Increasing Per Capita Consumption of Red Meat
Pork is one of the most commonly consumed red meat that is often consumed unprocessed. However, cured or preserved pork products are also widely consumed. These include smoked pork, ham, bacon, and sausages. Additionally, it is the third most highly meat in the United States. In 2018, the per capita consumption of pork in the United States was 23.049 kg/capita. However, China held the leading position, with 30.438 kg/capita in the same year.
Automation in Processing Depicts a Higher Growth Rate
The meat and poultry industry has seen greater changes over the past half century than it has seen over the past two millennia. The development of scientific knowledge and equipment as well as the discovery/introduction of electricity, computers, and cameras have had a major impact on the world including the meat industry. Since the industrial revolution, mechanization and automation have increased at a tremendous rate. At the beginning, the meat industry was lagging behind other industries (e.g., automotive) but today it is embracing mechanization and automation at a fast rate.
Qualitative Insights. Some of the companies profiled in the report include Tyson Foods Inc., JBS USA Holdings Inc., Cargill Inc., Sysco Corp., Smithfield Foods Inc., Hormel Foods Corporation, National Beef Packing Co. LLC, Perdue Farms Inc., OSI Group LLC, Conagra Brands Inc.
In Aug. 12, 2019, Sysco Corporation, the leading global foodservice distribution company, announced that it has acquired J. Kings Food Service Professionals, a New York broadline distributor with approximately $150 million in annual sales.
In June 17, 2020, Cargill has invested 3.5 million Euro in its site in Kalmthout (Belgium) to increase its capabilities for producing gourmet chocolate. The investment adds a fifth gourmet production line and new chocolate tanks within the existing facility, providing greater flexibility in production as well as adding 12 new jobs locally.
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