Processed
Pork Market consists of processed meat of Pig or Swine. Due to
advantages such as year round availability, convenience and enhanced
shelf-life, processed meat is preferred over fresh meat by
foodservice industry, fast food restaurants and fast casual diners.
The meat is either smoked or seasoned or treated with certain
chemicals to convert it into processed form which enhances the taste
of the pork. It also makes the pork less susceptible to
micro-organisms.
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The
global Processed Pork Market is segmented by application such as
bacon, sausage, pork chops, ham and others. Geographically, market
can be segmented into North America, Europe, Asia Pacific and Rest of
the World. Segmentation is also done by product type as Fresh
Processed, Pre-Cooked, Raw-Cooked, Raw-Fermented, Dried, Cured and
Others.
The
key drivers of Processed Pork Market include technological
advancements in Pork production, higher disposable income of
households and growing restaurant industry specially fast-food and
fast-casual dining. Some of the restraining factors for Processed
Pork Market are growing obesity concerns and Government regulations
on animal raising and meat processing. Moreover in regions such as
Middle-East among others, pork is considered to be a traditional
taboo and is strictly prohibited to consume pork products.
The
Processed
Pork market across the globe is expected to grow with a
significant single digit CAGR over the period of 2013- 2019. Frozen
food market is expected to grow and would complement the growth of
processed pork market in different regions of the world.
Some
of the key players in Processed Pork Market are JBS SA, Pilgrims
Pride Corp., Smithfield Foods, Inc., Sysco Corp., Hormel Foods Corp.,
Tyson Foods Inc., Cargill Inc., Sanderson farms among others.
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