New report on global processed meat products
The increase in global population has resulted in an increase in the per capita meat consumption, which was measured at 87.7 pounds worldwide in 2015. The growing population has also driven the global animal feed market, which has raised the production capacity and supply and in turn stimulated the global fresh food market. Moreover, people have become more conscious of their protein intake in their daily meal, which has led to increased meat consumption. Livestock rearing and consumption of meat products are vital in contributing to the economic and nutritional wellbeing of people.
The outbreak of diseases affect animal health and lead to loss of livestock, which is a challenge to the global processed meat market. Disease outbreaks disrupt livestock product trade and inhibit sustained investment in livestock production. Some of the livestock and poultry diseases that have had global consequences in the last five years are foot-and-mouth disease, rinderpest, contagious bovine pleuropneumonia, rift valley fever, swine vesicular disease, sheep and goat pox, fowl plague, bovine spongiform encephalopathy (BSE), pneumovirus and porcine circovirus 2 (PCV2) infections, porcine reproduction and respiratory syndrome (PRRS), swine-flu, and avian influenza.
Infrastructure plays a major role in the production, storage, processing, distribution, retailing, and waste management of food within the local food processing system. In recent years, there has been growth in infrastructure related to foods, like warehouses, cold storage facilities, and food parks. The USDA invested over $1 billion between 2009 and 2015 to establish local and regional food business infrastructure projects. Developing countries like India and China are also investing heavily in food infrastructure. In 2016, four mega food parks were opened in India; each mega food park can accommodate around 40-50 food processing units. The government of the country is planning to establish 42 mega food parks by the end of 2019, with a potential investment of about $2.1 billion, which would benefit about 1.25 million farmers.
To determine the Processed Meat market size the report considers the revenue generated from the sales of processed meat. The report covers the market landscape and its growth prospects over the coming years. Report contains vendor landscape in addition to a SWOT analysis of the key vendors operating in Processed Meat market space like BRF, Cargill, JBS, Hormel Foods, NH Foods, Smithfield and many more.
Source: Meat Market Data Forecast 2017