The global Meat-based FPP Market is poised to witness remarkable growth, with projections soaring to $991.58 billion by 2029, marking a substantial CAGR of 6.8% during the forecast period from 2022 to 2029. This surge is attributed to several key factors, including the escalating demand for protein-rich diets, a burgeoning appetite for animal-based food products, and the increasing consumption of convenient ready-to-eat (RTE) and ready-to-cook (RTC) food items. Additionally, the discernible uptick in demand for organic processed meat products is expected to unlock substantial growth opportunities for industry players. However, factors such as the burgeoning awareness surrounding the advantages of meat alternatives and concerns regarding the carcinogenic effects of processed meat are anticipated to somewhat restrain market expansion.
Top 10 companies operating in the Meat-based FPP Market : https://meticulousblog.org/top-10-companies-in-meat-based-fpp-market/?utm_source=blog&utm_medium=social&utm_campaign=product&utm_term=15-03-2024
Top Industry Players Leading the Charge:
JBS SA: JBS SA, established in 1953 and headquartered in Sao Paulo, Brazil, stands as one of the globe's largest processors of animal proteins. The company boasts an extensive portfolio encompassing beef, pork, lamb, chicken, and hides, operating primarily through six key business segments. With a presence in over 20 countries and more than 450 production units, JBS SA's brands such as Friboi, Swift, and Seara resonate globally, catering to diverse consumer needs.
Tyson Foods, Inc.:Founded in 1935 and based in Springdale, U.S., Tyson Foods specializes in the production of processed food, operating across four principal business segments. Its extensive distribution network spans over 145 countries, offering a range of chicken, beef, pork, and prepared food products to a diverse consumer base worldwide.
WH Group Limited: WH Group Limited, established in 1958 and headquartered in West Kowloon, Hong Kong, is a prominent player in the pork processing domain. Operating across three key business segments, the company's subsidiary brands deliver a variety of processed meat products, maintaining a robust presence in China, the U.S., and Europe.
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The Kraft Heinz Company:The Kraft Heinz Company, formed in 2015 and based in Illinois, U.S., is a stalwart in the food and beverage manufacturing landscape. With a rich assortment of brands spanning various categories, including processed meat products under the iconic Oscar Mayer label, the company's reach extends across multiple continents.
Hormel Foods Corporation:Established in 1891 and headquartered in Minnesota, U.S., Hormel Foods boasts a legacy of manufacturing and distributing processed meat and food products. With a presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, the company's offerings cater to diverse culinary preferences.
Other notable industry players include Almunajem Foods, Tanmiah Food Company, Perdue Farms Inc., GCL Food Ingredients, and Park Food Manufacturing Pte Ltd.
Meticulous Research, in its latest study on the Meat-based FPP Market, anticipates robust growth at a CAGR of 6.8% during the forecast period from 2022 to 2029.
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