According to this latest publication from Meticulous Research®, the Meat Based FPP market is projected to reach $991.58 billion by 2029, at a CAGR of 6.8% from 2022–2029. The growth of this market is driven by factors such as the growing demand for protein-rich diets, increasing demand for animal-based food products, and the rising consumption of ready-to-eat (RTE) and ready-to-cook (RTC) food products.
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Furthermore, the increasing demand for organic processed meat products is expected to provide significant growth opportunities for players operating in this market. However, growing awareness about the benefits of meat alternatives and the carcinogenic effects of processed meat are expected to restrain the growth of this market.
The meat-based FPP market is segmented based on type (hot dogs & sausages [pepperoni & salami, mortadella, and others] nuggets, bacon, strips, meatballs, burger patties, wings, and other meat-based FPP), source (pork, beef & veal, chicken, mutton & lamb, other sources), distribution channel (business-to-business (B2B), business-to-consumer (B2C) [modern groceries, convenience stores, specialty stores, online retail stores, other B2C distribution channels]), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on type, the meat-based FPP market is segmented into hot dogs & sausages, nuggets, bacon, strips, meatballs, burger patties, wings, and other meats-based FPP.
Based on source, the meat-based FPP market is segmented into beef & veal, pork, chicken, mutton & lamb, and other sources.
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Based on distribution channel, the global meat-based FPP market is segmented into business-to-business (B2B) and business-to-consumer (B2C).
Based on geography, the meat-based FPP market is segmented into six major geographies: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.
Key Players
The key players operating in the meat-based FPP market are JBS SA (Brazil), Tyson Foods, Inc. (U.S.), WH Group Limited (Hong Kong), The Kraft Heinz Company (U.S.), Hormel Foods Corporation (U.S.), Almunajem Foods (Saudi Arabia), Tanmiah Food Company (Saudi Arabia), Perdue Farms Inc. (U.S.), GCL Food Ingredients (U.K.), Park Food Manufacturing Pte Ltd (Singapore), Rosina Food Products, Inc. (U.S.), Buona Vita, Inc. (U.S.), and ARASCO (Saudi Arabia).
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Key Questions Answered in the Report:
• What is the current value of revenue generated from the meat-based FPP market?
• At what rate is the demand for meat-based FPP projected to grow for the next 5–7 years?
• What is the historical market size and growth rate for the meat-based FPP market?
• What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing players and new entrants in the market?
• What were the impacts of the COVID-19 pandemic on the meat-based FPP market?
• Which segments in terms of type, source, and distribution channel are expected to create major traction for the manufacturers in this market?
• What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the meat-based FPP market?
• Who are the major players in the meat-based FPP market? What are their specific product offerings in this market?
• What recent developments have taken place in the meat-based FPP market? What impact have these strategic developments created on the market?
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/meat-based-fpp-market-5268
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