The Processed Meat Market in APAC is segmented by Application (Commercial and Residential), Product (Frozen, Chilled, and Canned), and Geography (APAC). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 146.7 billion, at a CAGR of 13.7% during the forecast period. There are several companies that are contributing to the market as per this report. The growing focus on packaging innovations is driving market growth. Companies are using creative packaging to enhance competition, attract consumers, and extend product shelf life. As advancements in packaging increase, firms are prioritizing technologies like modified atmosphere packaging (MAP), vacuum packaging, and vacuum skin packaging. This rising demand for innovative solutions may lead more companies to develop new packaging options, further expanding their customer base and fueling market growth during the forecast period.
In the processed meat market of APAC, the commercial sector holds significant importance. This segment comprises establishments such as restaurants, fast-food chains, hotels, catering services, and food service suppliers. The demand for processed meats in this sector is driven by factors like convenience, consistent flavor, and customer preference for quick, ready-to-eat meals. Key processed meat products popular in commercial applications include burger patties, extensively used by fast-food chains for their signature burgers, and pizza toppings, such as pepperoni, sausage, and ham. Hotels cater to their guests' breakfast and brunch needs by offering a variety of processed meat options, including bacon and sausages.
For insights on company offerings- Request a sample report!
The processed meat market in APAC is experiencing significant growth, driven by increasing consumer demand for convenient and affordable protein sources. Key companies in this market include JBS S.A., Tyson Foods, and Cargill, who are expanding their production capacities to meet the rising demand. The market has China, and India as the major contributors. This growth can be attributed to the region's large and growing population, urbanization, and changing dietary preferences.
To access the valuable insights - Download the Free Sample Report
The processed meat market in APAC is witnessing significant growth due to the increasing demand for flavored meat products, ready-to-eat food products, and protein-rich foods. Consumers in the region are increasingly seeking umami taste, spices, seasonings, marinades, herbs, and glazing in their meat products. Millennials, in particular, are driving the demand for processed meat with their fast-paced lifestyles and preference for convenience. Processing technologies such as smoking, curing, salting, and high-pressure processing are commonly used to enhance the flavor and extend the shelf life of processed meat. Beverages and packaged food products are also gaining popularity in the market, offering consumers convenience and longer shelf life. The food service industry and institutional sector are major consumers of processed meat in APAC, while the retail sector is witnessing significant growth due to changing dietary habits and increasing disposable income. The use of natural ingredients such as herbs and spices is becoming increasingly popular to cater to the health-conscious consumer base. The market is expected to continue its growth trajectory, driven by the increasing demand for protein-rich foods and the adoption of advanced processing technologies.
The packaged foods and meats market in APAC is a significant segment of the global industry, encompassing vendors engaged in food processing to ensure food safety and extend product shelf life. According to Technavio, market size is determined by the consolidated revenue of participating businesses. This sector excludes equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties. Key growth drivers for the global packaged foods and meats market include the health benefits associated with minimally processed foods, such as vegetables, which are rich sources of essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C. - The Processed Meat Market in APAC is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
