Asia Pacific Processed Meat Market

Asia Pacific Processed Meat Market Size (2024 To 2029)

The size of the Asia Pacific processed meat market is expected to be worth USD 1.77 billion in 2024 and grow at a CAGR of 8.74% from 2024 to 2029 to achieve USD 2.68 billion by 2029.

Progressively bustling urban ways of life in Asia-Pacific have brought about purchasers settling on functional food that doesn't consume time for cooking or planning. The rising inclination for prepared to-eat dinners is fueling the processed meat items market.

The significant characteristics that purchasers search for in accommodation foods are usability, packaging, dietary benefit, security, assortment, and item bid. Processed meat items are set up by including different additives at specific conditions, and not many of them need an active production network and capacity to hold their properties.

Developing Demand for Convenience Foods in the Region. The explanation behind the development of processed meat in Asia-Pacific can be ascribed to moving customer patterns and the rise of 'eating'. Shoppers who work a long way from home, or have different commitments, will, in general, choose a quick and simple snack, instead of a bigger supper that sets aside some effort to plan. Eight of every ten metro Thais and 7 of every 10 Indonesians nibble in any event once per day. The significant traits that purchasers search for in comfort food are convenience, packaging, dietary benefit, security, assortment and item requests. Processed meat items are set up by including different additives at specific conditions.

The expansion in urban life in the Asia-Pacific area has driven buyers to pick functional foods that don't invest energy cooking or planning. The developing inclination for prepared to-eat food is powering the market for processed meat items right now. The primary highlights that customers find in arranged foods are usability, bundling, healthy benefit, wellbeing, assortment and item claim. Prepared meat items are produced with the expansion of different additives under specific conditions, some of which require a proficient stockpile and capacity chain to keep up their properties. The development of prepared meat business in the Asia Pacific locale might be because of changes in purchaser patterns. Purchasers who work outside the home or have different commitments will in general pick quick and simple bites, dissimilar to suppers that expect time to get ready. As the inclination for prepared to-eat meats and dinners among urban buyers expands, the interest for processed food increments, bringing about the development of the processed meat market in developing areas, particularly the Asia Pacific countries.

On the flip side, the dangers related to the utilization of processed meat can block market development inside the estimated time frame. Worries about the risk of malignant growth and coronary illness because of undesirable ways of life and high utilization of processed foods are expanding, making it hard to receive processed meat in a few regions of the APAC.

This research report on the Asia Pacific processed meat market is segmented and sub-segmented into the following categories.

APAC Processed Meat Market By Processing Type

• Chilled
• Frozen
• Canned

The Asia Pacific processed meat market can be sectioned based on processing types into a chilled processed meat, frozen processed meat, and canned meat. Chilled processed meat is likely to account for a leading portion in the regional market in the foreseen period. This is credited to its features like reduced cooking hours, and to meet the changing desires of consumers in the area. Frozen processed meat is also supposed to expand considerably in the coming years.

APAC Processed Meat Market By Product Type

• Poultry
• Beef
• Lamb
• Pork

Based on the product type, the APAC market can be sectioned into poultry, pork, lamb, beef and others. Among all, the poultry was the leading section that is estimated to show a notable development in the forecast time. Processed pork is another prominent segment due to the rising demand for different pork items, for instance, bacon, burgers, and others.

APAC Processed Meat Market By Distribution Channel

• Supermarkets/Hypermarkets
• Grocery Stores
• Specialty Retailers
• Online Channels
• Others

Based on the distribution channel, the supermarkets/hypermarkets segment recorded the highest portion of the regional market, which is deemed to continue in the outlook period. The online sales channel is also determined to expand at a noteworthy rate in the same period.

APAC Processed Meat Market By Region

• India
• China
• Japan
• South Korea
• Australia
• Rest of APAC

Development inside the frozen meat class has expanded throughout the years, and the Asia Pacific has the best development potential worldwide right now. The Asia-Pacific area is the second most dynamic locale on the planet regarding classifications of cold and frozen processed meat. Significant organizations are advancing the medical advantages of creature protein in nations like India to expand market development. The developing interest for natural domesticated animals is an open door for providers to develop their piece of the overall industry, and the advancement of new items speaks to 24% of the complete development of processed meat items, concentrating on China, Thailand, Korea, Vietnam and the Philippines. China's processed meat market is a significant supporter of the provincial business followed by different countries.

KEY MARKET PLAYERS

Major Key Players in the APAC Processed Meat Market are JBS, NH Foods Ltd, Smithfield Foods, Inc, Cargill Incorporated, ConAgra Foods Inc, National Beef Packing Company, Tyson Foods Inc, Cherkizovo Group PJSC, and OSI Group

RECENT HAPPENINGS IN THE MARKET

• WH Group Ltd., a Chinese food organization and the world's driving pork provider, as of late declared that its backup, Smithfield Foods, Inc., procured Clougherty Packing LLC in an arrangement to reinforce its store network and deals organize and prepared meats Product portfolio.
• Harim Company, a Korean maker of prepared meat, said it would work with Marel Poultry, the leading poultry processing hardware provider, to introduce four new Marel Poultry making lines to modernize meat processing offices in Iksan, Korea (South Korea).
• Smithfield Foods obtains the frozen meat business of ConAgra Foods. The purchase will permit the organization to grow to new locales.