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Meat-based FPP Market Share

Report ID: GMI6366
Published Date: Aug 2023
Report Format: PDF

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Meat-based FPP Market Share

Prominent participants operating across the meat-based FPP market include:

Tyson Foods
Hormel Foods Corporation
Smithfield Foods
JBS S.A
Perdue Farms
Cargill
ConAgra Brands
Danish Crown
OSI Group
NH Foods Ltd
BRF S.A.

These companies concentrate on strategic partnerships, new product launches, and commercialization efforts for market growth. Furthermore, they make huge investments in research & development to launch advanced products and gain maximum market revenue.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of meat-based FPP was worth USD 540 billion in 2022 and is set to grow at over 6.5% CAGR from 2023 to 2032, on account of the growing global population and rising urbanization which have led to an increased demand for convenient and readily available processed meats.

The chicken source segment held 32% share of the meat-based FPP industry in 2022, as chicken is a widely accepted and preferred protein source among consumers globally, owing to its relatively lower cost compared to other meats like beef or lamb.

North America market size was more than USD 126 billion in 2022, owing to the increasing population with a strong appetite for meat products.

Tyson Foods, Inc., Hormel Foods Corporation, Smithfield Foods, Inc., JBS S.A, Perdue Farms, Cargill, ConAgra Brands, Danish Crown, OSI Group, NH Foods Ltd., and BRF S.A are among the key players in the market.