This market research report presents a comprehensive segmentation of the processed meat market in the US by meat type (chilled processed meat, frozen processed meat, canned/preserved meat, and frozen processed red meat) and by distribution channel (supermarkets/hypermarkets, convenience stores, service stations, specialist retailers, and independent retailers). The key vendors in this market are Advance Pierre, Cargill, Hormel, JBS, Keystone Foods, Moran’s, Smithfield Foods, and Tyson Foods.
Technavio has released its new market research report, processed meat market in the US, which is expected to grow at a CAGR of 2% between 2016 and 2020. Much of this market’s growth can be attributed to the consumers’ augmented demand for convenience food products. Also, the high nutritional benefit of processed meat products is a significant factor that boosts market growth during the predicted period.
“Of late, the US market is witnessing the availability of processed meat sous vide, which is a method of vacuum packing meat. In this technique of cooking, the meat is sealed in an airtight plastic bag and placed in a temperature-controlled steam environment or water bath at a precise and consistent temperature. The precise temperature helps in cooking the food to perfection and eliminates the concern of overcooking the meat,” says Vijay Sarathi, Lead Analyst, Food & Beverages, Technavio Research
The augmented demand for packaged and convenience food is the key driver for the growth of this market. Due to rapid urbanization and shortage of time, the demand for packaged and convenience food is continually increasing. Since these food products take less time to cook and have enhanced food nutrition and durability, their rising adoption by consumers will lead to market growth during the forecast period.
The key vendors in the processed meat market in the US include Advance Pierre, Cargill, Hormel, JBS, Keystone Foods, Moran’s, Smithfield Foods, and Tyson Foods. This market is highly fragmented with the presence of numerous small, medium, and large vendors. The players in this market compete on the basis of product differentiation, portfolio, and pricing to gain maximum market traction during the forecast period.
A more detailed analysis is available in the Technavio report, Processed Meat Market in the US 2016-2020.
We can customize this reports by other regions and specific segments upon request.
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