Processed Red Meat Market 2024-2028: Size and Health hazards diminishing demand; growth driven by the Product, Some of key Companies Positioned Strategically

The processed red meat market size by Product (Processed pork, Processed beef, Processed lamb, and Others) and Geography (APAC, North America, Europe, South America, and Middle East and Africa), is forecast to increase by USD 131.2 billion. The market is expected to grow at a CAGR of   4.98% between 2024 and 2028.

• The processed red meat market expansion is anticipated to be impeded by the growing health concerns linked to the consumption of processed red meat. The World Health Organization's International Agency for Research on Cancer (IARC) classifies red and processed meat as carcinogenic to humans. Consequently, increasing health consciousness and vegan trends are influencing consumers to seek healthier alternatives, thereby limiting the global consumption of red meat and processed meat. According to the United States Department of Agriculture, per capita beef consumption in the US has decreased by approximately 30% since 1970. This downward trend in red meat consumption is a significant indicator of the market challenges that processed red meat manufacturers may encounter.
• The processed red meat market represents a significant sector within the global food industry. Key players in this market include Tyson Foods, JBS S.A., and Hormel Foods Corporation. These companies leverage advanced processing techniques to produce a wide range of products, including bacon, sausages, hot dogs, and ham. Consumer preferences for convenience and affordability continue to drive market growth, with increasing demand in emerging economies. However, health concerns related to red meat consumption may pose challenges to market expansion.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• American Foods Group LLC
• Aurora Packing Co.
• BRF SA
• Cargill Inc.
• Cremonini SpA
• Dawn Farm Foods Ltd.
• Dawn Meats
• Foyle Food Group Ltd.
• Hormel Foods Corp.
• Itoham Yonekyu Holdings Inc.
• JBS SA
• KOCH FOODS INC.
• MS Global Food CO. WLL
• National Beef Packing Co. LLC
• NH Foods Ltd.
• PJSC Cherkizovo Group
• Sunbulah Group
• Sysco Corp.
• Tyson Foods Inc.
• WH Group Ltd.

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