In this blog post, we delve into the statistics surrounding the processed meat industry, exploring key trends, market insights, and consumption patterns. Join us as we uncover the data behind this significant sector of the food industry.
The Latest Processed Meat Industry Statistics Explained
Processed meat market valued at USD 519.41 billion (2020)
The statistic that the processed meat market is valued at USD 519.41 billion in 2020 signifies the total monetary worth of all processed meat products sold during that year globally. This value takes into account sales and revenues generated from various processed meat products such as sausages, burgers, ham, bacon, and other types of processed meats. A market value of this magnitude indicates the significant demand for processed meat products worldwide, highlighting the economic importance and scale of the processed meat industry within the global food market.
The global processed meat market is expected to grow at a compound annual growth rate of 5.2% from 2021 to 2028.
The statistic indicates that the global processed meat market is forecasted to expand at a steady pace with a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028. This growth rate suggests that the demand for processed meat products is expected to increase over the specified timeframe. Factors contributing to this expected growth could include changing consumer preferences, increasing urbanization, rising disposable incomes, and shifting dietary habits. The CAGR of 5.2% represents the average annual growth rate over the specified period, providing insight into the market’s trajectory and potential opportunities for businesses operating within the processed meat industry.
In North America, processed meat consumption was 22.8 kilograms per capita in 2018
In North America, processed meat consumption was reported to be 22.8 kilograms per capita in 2018. This statistic signifies the average amount of processed meat, such as bacon, hot dogs, and deli meats, consumed by each individual in the North American population during the specified year. The figure provides valuable insight into the dietary habits and preferences within the region, highlighting a relatively high consumption level of processed meats. This data point can be used by researchers, policymakers, and health professionals to assess nutritional trends, evaluate potential health implications associated with processed meat intake, and guide efforts to promote healthier eating habits among the population.
The U.S. ranks number one for beef and veal meat consumption worldwide, consuming about 12.8 million metric tons in 2020.
The statistic indicates that the United States holds the top position globally in terms of beef and veal meat consumption as of 2020, with an estimated consumption of approximately 12.8 million metric tons. This highlights the significant role beef and veal meat play in American diets and culture, reflecting the country’s high demand for these products. Factors such as population size, dietary preferences, economic prosperity, and cultural traditions likely contribute to this high level of consumption. This statistic underscores the importance of the beef and veal industry in the U.S. economy and also raises considerations regarding sustainability, environmental impact, and health implications associated with such high meat consumption levels.
In 2021, the production value of the processed meat sector in Europe exceeded 220 billion euros.
The statistic states that in 2021, the total value of production within the processed meat sector in Europe surpassed 220 billion euros. This figure represents the economic output generated by the processing activities involved in the production of various meat products within European countries. The statistic highlights the significant contribution of the processed meat sector to the overall economy of Europe, indicating the scale and importance of this industry in terms of revenue generation, employment opportunities, and trade within the region. This substantial production value underscores the sector’s size and impact on European markets and emphasizes its role in meeting consumer demand for processed meat products.
Processed meat sales increased by 2.5% in British supermarkets in 2020.
The statistic ‘Processed meat sales increased by 2.5% in British supermarkets in 2020’ indicates that there was a growth in the amount of processed meat products sold in grocery stores within the United Kingdom over the course of 2020. This 2.5% increase suggests that there was an uptick in consumer demand for processed meats during this timeframe. The rise in sales could be influenced by various factors such as changing consumer preferences, promotional activities, pricing strategies, or other market dynamics. This statistical figure provides valuable insight into the evolving trends within the food industry and highlights the potential shifts in consumer behavior towards processed meat products in British supermarkets.
The worldwide processed poultry meat market itself is projected to reach USD 128.5 billion by the year 2026.
The statistic indicates that the global market for processed poultry meat is expected to grow significantly, reaching a value of USD 128.5 billion by the year 2026. This projection suggests a substantial increase in the demand for processed poultry meat products on a global scale over the coming years. Factors such as population growth, rising disposable incomes, changing consumer dietary preferences, and an increasing focus on convenience foods are likely to drive this growth in the processed poultry meat market. This statistic highlights the potential for expansion and opportunities within the processed poultry meat industry for producers, manufacturers, and stakeholders to capitalize on this growing market.
The Asia Pacific region is projected to showcase the highest CAGR of 5.9% during the forecast period of 2022 to 2029 in the processed meat industry.
The statistic indicates that the Asia Pacific region is expected to experience the highest compound annual growth rate (CAGR) of 5.9% in the processed meat industry between 2022 and 2029. This projection suggests that the market for processed meat products in the Asia Pacific region is likely to expand at a faster pace compared to other regions during the forecast period. Factors contributing to this growth could include increasing disposable income, changing dietary preferences, urbanization, and the growing demand for convenience foods in the region. Companies operating in the processed meat industry may find opportunities for growth and expansion by focusing on this high-growth market in the Asia Pacific region.
The processed pork meat segment dominated the market with a share of 39.0% in 2020.
This statistic indicates that in 2020, the processed pork meat segment held a significant market share of 39.0%, making it the leading category within the meat industry. This suggests that processed pork meat products were popular among consumers and were likely in high demand compared to other types of meat products such as beef, poultry, or seafood. The dominance of the processed pork meat segment highlights the importance and strong presence of pork products in the market, emphasizing the preferences and consumption patterns of consumers in 2020.
The frozen processed meat segment accounted for 69.2% of the global revenue share in 2020.
The statistic indicates that the frozen processed meat segment was a dominant player in the global market, accounting for 69.2% of the total revenue generated in 2020. This highlights the significant impact and importance of frozen processed meats in the overall meat industry. The high revenue share suggests a strong consumer preference for this type of product, potentially driven by factors such as convenience, longer shelf life, and easier storage compared to fresh meats. It also implies that companies in the frozen processed meat sector may have a competitive advantage and a strong position in the market. Overall, this statistic underscores the substantial market presence and profitability of frozen processed meats on a global scale in the year 2020.
Fortune Business Insights predicts the processed meat market to reach USD 862.97 billion by 2027.
This statistic indicates that according to Fortune Business Insights, the processed meat market is projected to grow significantly and reach a value of USD 862.97 billion by the year 2027. This prediction suggests a substantial increase in the demand and consumption of processed meat products globally over the coming years. Factors such as changing consumer preferences, rising disposable incomes, and increasing urbanization may contribute to this growth in the processed meat market. The estimation provides valuable insights for industry stakeholders, investors, and policymakers to assess market trends and opportunities within the processed meat sector for strategic decision-making.
The global processed meat market was valued at USD 664 Billion in 2020.
The statistic “The global processed meat market was valued at USD 664 Billion in 2020” indicates the total economic worth of the processed meat industry worldwide for the specified year. This figure represents the collective value of all processed meat products sold and consumed across different countries and markets around the world. The market value of USD 664 billion suggests that there is substantial demand for processed meat products globally, which can be influenced by factors such as changing consumer preferences, dietary habits, economic conditions, and cultural influences. This statistic serves as a key indicator of the significance and scale of the processed meat industry on a global scale, highlighting its economic importance within the food sector.
Sausage is the most popular type of processed meat in Europe, accounting for around a third of processed meat sales.
The statistic provided indicates that sausage is the most widely consumed type of processed meat in Europe, making up approximately 33% of total processed meat sales in the region. This means that out of all the different types of processed meats available, including items like bacon, ham, and deli meats, sausage is the preferred choice among European consumers. The popularity of sausage in Europe suggests that it holds a significant market share and plays a central role in the overall consumption patterns of processed meats in the region. This information is valuable for understanding consumer preferences and market trends within the processed meat industry in Europe.
The global processed red meat market is expected to grow at a CAGR of 1.57% during the period 2020–2025.
The statistic indicates that the global processed red meat market is projected to expand at a compound annual growth rate (CAGR) of 1.57% from 2020 to 2025. This forecast suggests that the market for processed red meat products is expected to experience a relatively slow but steady growth over the specified period. The CAGR is a useful metric for understanding the average annual growth rate of a market segment, providing insights into the potential future trend and overall market performance. Factors such as changing consumer preferences, dietary habits, economic conditions, and advancements in processing technologies may contribute to this anticipated growth in the processed red meat market.
Processed meat makes up roughly 22% of all meat consumed globally.
The statistic that processed meat makes up roughly 22% of all meat consumed globally indicates that a significant portion of the total meat consumption worldwide is in the form of processed meats such as sausages, bacon, and ham. This statistic highlights the popularity and widespread consumption of processed meats across various cultures and regions. The high percentage of processed meat consumption may have implications for health, as some processed meats are known to be high in saturated fats, sodium, and additives, which can increase the risk of various health conditions such as heart disease and cancer. This statistic underscores the importance of promoting a balanced diet that includes a variety of fresh, minimally processed meats, fruits, vegetables, and whole grains to support overall health and well-being.
The ready-to-eat segment held the largest share of more than 45.0% in the processed meat market in 2020.
In 2020, the ready-to-eat segment dominated the processed meat market by holding the largest share, accounting for over 45.0% of the total market. This statistic indicates that ready-to-eat processed meat products were highly popular among consumers and played a significant role in driving the overall market growth. The strong market share of the ready-to-eat segment suggests that these convenient and pre-cooked meat products were preferred by consumers due to their ease of preparation, convenience, and increasingly busy lifestyles. This data underscores the importance of the ready-to-eat segment in the processed meat market and highlights consumer preferences for convenient food options.
References
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