What is Global Packaged Cooked Red Meat Market?
The Global Packaged Cooked Red Meat Market is a vast and dynamic sector that encompasses a wide range of products. These products include various types of cooked red meats that are packaged for retail sale. The market is global in nature, meaning it involves the production, distribution, and sale of these products across different countries and regions worldwide. The primary products in this market are cooked red meats, including beef, veal, pork, lamb, mutton, goat meat, and others. These meats are cooked and packaged in a variety of ways to cater to different consumer preferences and dietary needs. The packaging of these meats is done in a manner that ensures their freshness, quality, and safety for consumption. The market caters to a diverse consumer base, with different tastes, preferences, and dietary requirements.
Beef, Veal Meat, Pork Meat, Lamb, Mutton, Goat Meat, Others in the Global Packaged Cooked Red Meat Market:
The Global Packaged Cooked Red Meat Market is segmented based on the type of meat. These include beef, veal meat, pork meat, lamb, mutton, goat meat, and others. Each of these meat types has its unique characteristics, taste, and nutritional profile, catering to different consumer preferences. Beef is a popular choice among consumers due to its rich taste and high protein content. Veal meat, derived from young cattle, is known for its tender texture and mild flavor. Pork meat is widely consumed worldwide, known for its versatility in various cuisines. Lamb, mutton, and goat meat are also part of this market, each offering a distinct taste and texture. The 'others' category includes various other types of red meats that are less commonly consumed but still form a part of this market. Each of these meat types is cooked and packaged in different ways to cater to the diverse preferences of consumers.
Hypermarket and Supermarket, Convenience Store, Specialty Stores, Online Sales Channels, Others in the Global Packaged Cooked Red Meat Market:
The Global Packaged Cooked Red Meat Market finds its application in various areas such as hypermarkets and supermarkets, convenience stores, specialty stores, online sales channels, and others. Hypermarkets and supermarkets are the primary sales channels for these products due to their wide reach and extensive product range. Convenience stores also sell these products, catering to consumers looking for quick and easy meal solutions. Specialty stores offer a curated selection of these products, catering to consumers with specific dietary needs or preferences. Online sales channels have also emerged as a significant sales avenue for these products, especially in the wake of the COVID-19 pandemic, which has accelerated the shift towards online shopping. The 'others' category includes various other sales channels such as direct sales, institutional sales, etc.
Global Packaged Cooked Red Meat Market Outlook:
The market outlook for the Global Packaged Cooked Red Meat Market is promising. As of 2022, the market was valued at US$ 24690 million. This value is expected to increase to US$ 32620 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period from 2023 to 2029. This growth can be attributed to various factors such as increasing global meat consumption, changing consumer preferences towards convenience foods, advancements in packaging technology, and the growing trend of online grocery shopping. However, the market also faces challenges such as concerns over the environmental impact of meat production, health concerns associated with red meat consumption, and stringent food safety regulations. Despite these challenges, the market is expected to witness steady growth in the coming years, driven by the ongoing innovation in product offerings and the expansion of sales channels.
| Report Metric | Details |
| Report Name | Packaged Cooked Red Meat Market |
| Accounted market size in 2022 | US$ 24690 million |
| Forecasted market size in 2029 | US$ 32620 million |
| CAGR | 4.2% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Nomad Foods, Bakkavor Foods, Orkla, ITC, Conagra Brands, Nestle, Kraft Foods, Tyson Food, JBS, Cargill, Smithfield Foods, Sysco, ConAgra Foods, Hormel Foods, OSI Group, Keystone Foods, National Beef Packing |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
