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Meat-based FPP Market Size

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

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Meat-based FPP Market Size

Meat-based FPP Market size was valued at USD 540 billion in 2022 and is projected to exhibit over 6.5% CAGR from 2023 to 2032. The growing global population and rising urbanization have led to an increased demand for convenient and readily available meat-based FPPs. Moreover, the expansion of the fast-food industry and the proliferation of fast-food chains worldwide are significantly contributing to market growth.

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According to estimates from The Barbecue Lab, there are over 826,000 restaurants and chains worldwide. Additionally, changing consumer lifestyles and busy schedules are causing a shift in preference toward quick, easy-to-prepare meat-based foods, further fueling the meat-based FPP market demand.

Meat-based FPP Market Report Attributes
Report Attribute	Details
Base Year:	2022
Meat-based FPP Market Size in 2022:	USD 540 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.7%
2032 Value Projection:	USD 1 Trillion
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	190
Segments covered:	By Type, By Source, By Distribution Channel, By Region
Growth Drivers:	Urbanization and changing lifestyle Convenience and ready to eat products Increasing global trade
Pitfalls & Challenges:	Regulatory Compliance Competition from plant-based alternative Ethical and animal welfare concern

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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.