Affordable Meal Packages Offered by Fast Food Chains to Push Processed Meat Market Demand at US$ 356.6 Billion by 2031


The global processed meat market is anticipated to grow at a CAGR of 4.6% during the forecast period from 2021 to 2031. The global market is likely to be valued at US$ 356.6 Billion in 2031 from a valuation of US$ 219.1 Billion in 2020.

Increasing demand for various processed meat products such as sausages, hot dogs, jerky, and pepperoni, especially in developed countries, including the U.K. and the U.S. would push growth in the market. Besides, rising number of fast food outlets across the globe owing to high disposable income and changing lifestyles of the millennial population is expected to aid growth.

Moreover, key manufacturers are nowadays adding several preservatives to the meat to protect it from spoilage due to harmful organisms such as bacteria. Fast food outlets are also providing affordable meal packages and huge discounts, which is significantly contributing to growth.

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As per the Centers for Disease Control and Prevention (CDC), nearly 36.6% of adults in the U.S. consumed fast food on a given day during 2013–2016. In addition, the percentage of adults who consumed fast food decreased with age: 24.1% aged 60 and over, 37.7% aged 40–59, and 44.9% aged 20–39 years.

Increasing population of youngsters in both developed and developing countries is thus projected to augment growth in the next decade. Also, surging consumption of ready-to-eat and ready-to-cook food items with growing rate of employment worldwide is set to boost growth.

As per Fact.MR, Germany generated about 23.7% of the Europe processed meat market share in 2021. Increasing shift towards the polarized snacking trend and high demand for organic processed meat are likely to drive growth in Germany.

Key Takeaways:

  • By product type, the processed beef industry accounted for nearly 46.6% of the global processed meat market share in 2021.
  • Based on form, the fresh or chilled processed meat segment reached a valuation of around US$ 141.3 Billion in 2021.
  • By end-use application, online retail sales of processed meat are anticipated to grow at a CAGR of 5.8% in the next ten years.
  • The hypermarkets/supermarkets category accounted for approximately 36% of the retail sales segment in 2021.
  • The frozen processed meat segment is likely to surpass a valuation of US$ 60.8 Billion by 2031 and exhibit a CAGR of 6.2% over the forecast period.

Growth Drivers:

  • Rising demand for flavorful and nutrient-dense meat products is likely to push growth in the global market.
  • Popularity of regional cuisines, as well as adoption of numerous meat-processing and preservation methods would significantly contribute to market expansion.


  • Excessive consumption of processed and red beef can result in colorectal cancer, which may hamper sales.
  • Many local companies use artificial preservatives in their processed meat, which can have a detrimental effect on the human body.

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Competitive Landscape:

Key players operating in the global processed meat market are focusing on implementing a wide range of developmental strategies to strengthen their presence. A few other companies are striving to enhance market profitability by introducing innovative products and gain a large consumer base.

For instance,

  • In January 2021Ingemar Johansson was purchased by Danish Crown’s KLS Ugglarps in Sweden. With this acquisition, the company was able to strengthen its position in the Swedish market for processed foods like sausages.
  • In January 2021, in order to strengthen its position in Belgium, Vion Food Group declared that it would buy Adriaens, a beef producer situated in Zottegem. The new deal would enable the business to build a robust supply chain and ensure that the market for beef is transparent.

Key Companies Profiled by Fact.MR

  • JBA SA
  • Hormel Food
  • Harim Co Ltd.
  • Tyson Foods Inc.
  • Danish Crown A/S
  • Cargill Meat Solution Corp.
  • WH Group
  • BRF SA
  • Smithfield Foods, Inc.
  • SYSCO Corp.
  • OSI Group
  • ConAgra Foods Inc.
  • Cherkizovo Group PJSC
  • Others

More Valuable Insights on Processed Meat Market

In the latest study, Fact.MR offers a detailed study on global processed meat market for the forecast period of 2021 to 2031. This study also highlights key drivers promoting the sales of processed meat through detailed segmentation as follows:

By Product Type:

  • Processed Beef
  • Processed Pork
  • Processed Poultry Meat
  • Processed Sheep Meat

By Nature:

  • Organic Processed Meat
  • Conventional Processed Meat

By Form:

  • Fresh or Chilled Processed Meat
  • Frozen Processed Meat
  • Shelf Stable Processed Meat

By End-use Application:

  • Processed Meat for Food Processing Industry
  • Processed Meat for Food Service Industry
  • Retail Sales of Processed Meat
    • Hypermarkets/Supermarkets
    • Traditional Grocery Stores
    • Convenience Stores
    • Discount Stores
    • Online Retail Stores
    • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Questions Covered in the Processed Meat Market Report

  • What is the projected value of the processed meat market in 2021?
  • At what rate will the global processed meat market grow until 2031?
  • Which are the factors hampering the growth in the processed meat market?
  • Which region is expected to lead in the global processed meat market during 2021-2031?
  • Which are the factors driving the processed meat market during the forecast period?
  • What is the expected market value of the processed meat market during the forecast period?

Explore Fact.MR’s Coverage on the Food & Beverages Domain

Process Meat Packaging Market:  Sales of processed meat represents 15%-20% of overall demand in the processed food market. The trend of food traceability among new-age consumers seeking healthy alternatives has fueled major increase in demand for processed food across the world.

Plant-Based Eggs Market: The market for plant-based eggs is currently being driven by changing consumer lifestyles and rising health consciousness. Increasing use of mung beans, peas, and chickpeas to make eggs for preparing various dishes, including egg rolls, frittatas, scrambled eggs, and omelettes is likely to aid growth.

Plant-Based Supplement Market: The market for plant-based supplements is expected to be pushed by numerous benefits provided by them, including lower toxicity rates and better bioavailability. Increasing shift of the millennial population towards plant-based products from animal-based or synthetic supplements is also set to fuel growth.

Meat Substitute Market: Meat Substitute Market Analysis by Source (Plant-based Protein, Mycoprotein, Soy-based Meat Substitutes), by Distribution Channel (Foodservice, Retail), by Region – Global Forecast 2022 to 2032

Specialty Meat Ingredients Market: Specialty Meat Ingredients Market By Ingredient Type (Fiber & Protein, Starch & Derivative, Acidulant), By Function (Moisture Control, Yield Improvement, Coloring & Flavoring, Preservation), By End Use Application, By Region – Global Insights 2021-2031

Frozen Meat Market: Frozen Meat Market is estimated to reach a valuation of US$ 61.5 Billion. Sales of frozen organic meat to grow at a CAGR of 7.7% during the years.

Check it Out More Reports by Fact.MR on Food & Beverage Industry


Siply Launches Affordable Gold Savings Scheme with High Returns for the Masses


Micro-savings fintech platform Siply, which offers ‘sachet financial services’ for 40 crore underserved Indians, today announced the launch of the Siply Guaranteed Gold Savings Scheme. Available to all users on their app, this is a one-of-a-kind scheme with many distinct features, as follows:

  • Investment can be as low as Rs. 100 per week
  • Duration of the scheme is three months
  • An investor can earn an extra 10% gold in three months compared to the prevalent market rate of 8.33% offered by most jewellers (11-12 month schemes)
  • Pan-India access, available across urban and rural areas
  • Highest purity gold of 24 carats offered

Gold as an investment option is considered safe as well as aspirational by most Indians. The prohibitively high price of the metal, however, makes it almost impossible for financially weaker sections of society to trade in or invest in Gold. Tapping into this huge unmet demand, Siply has introduced the Guaranteed Gold Savings Scheme, which addresses the specific requirements of underserved Indians. The entry point has intentionally been kept at a very low level (minimum Rs 100 per week), facilitating participation by blue and grey collar workers, gig workers, micro entrepreneurs and small business owners, among others. Customers from the remotest parts of India now have access to a 24-carat gold scheme, which is designed to be financially inclusive, flexible and convenient for all.

Speaking about the Siply Guaranteed Gold Savings Scheme, Sousthav Chakrabarty, Co-Founder and CEO, Siply, observed, “With this scheme, we have moved one step ahead in our vision of creating a more financially-inclusive India. A large chunk of Indians, who were till now unable to save or invest due to their limited financial means and a lack of convenient options, can now do so through Siply’s micro-financial offerings. This Guaranteed Gold Savings Scheme is one of them. We will continue to introduce more such pioneering financial solutions aimed at the 40 crore Indians who have not yet been able to reap the benefits of the different financial products available in the market today.”

Anil Bhat, Co-Founder and CTO, Siply, offered insights into the technology behind the platform that is bringing such products to life. He said, “To make this even more accessible, Siply is building a platform which enterprises can easily connect to and offer micro-savings options directly to their workforce. We are also building voice and SMS based capabilities to make this further accessible to feature phone users.”

The Siply app is available to download on the Google Play Store, in English and other regional languages. It is easy to use, with users having no need to provide additional documents, as the Siply Guaranteed Gold Savings Scheme is linked directly to their phone numbers. Siply’s Mutual Fund offering also has a fully digital sign-up process based on eKYC. Since its launch in late 2020, there are already 80,000 users registered on the Siply app. Business worth Rs. 25 crore has already been carried out on the Siply platform and the number of transactions has crossed 3 lakh.