Definition:
The Processed Meat market covers all types of meats that have either been smoked, salted, cured, or given chemical preservatives. The market is splitted into three submarkets: ham & bacon, sausages, and cold & roast meat products.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Processed Meat Market in Czechia is witnessing slow growth, influenced by factors such as changing consumer preferences, health concerns, and the rise of alternative protein sources. The sub-markets of Ham & Bacon, Sausages, and Cold & Roast Meat Products are also affected by these trends, leading to a negligible growth rate. This could be attributed to the increasing demand for healthier and more sustainable food options.
Customer preferences: Consumers in Czechia are becoming more health-conscious and are seeking out healthier and more sustainable options in their food choices. This has led to a rise in demand for plant-based meat alternatives and vegetarian and vegan options in the processed meat market. This trend is driven by a growing awareness of the environmental impact of meat production and a desire for healthier and more ethical diets. Additionally, with an aging population and an increase in health-conscious millennials, there is a growing demand for processed meat products that cater to specific dietary needs and preferences, such as gluten-free or low-sodium options.
Trends in the market: In Czechia, the Processed Meat market within The Food market is experiencing a shift towards healthier options, driven by increasing consumer awareness about the negative effects of processed meat on health. This trend is expected to continue as the government implements stricter regulations on food labeling and advertising. Additionally, there is a growing demand for plant-based alternatives to processed meat, such as soy-based products. This trend is significant for industry stakeholders as it presents opportunities for diversification and innovation in product offerings. However, it also poses challenges for traditional processed meat producers who may need to adapt their production processes and marketing strategies to stay competitive in the market.
Local special circumstances: In Czechia, the Processed Meat market is heavily influenced by traditional meat-based dishes and a strong meat-eating culture. This has led to a high consumption of processed meat products, such as sausages and cured meats. Additionally, the country's geographical location and climate have also played a role in shaping the market, with a strong demand for preserved meats during the winter months. The strict regulations and quality standards set by the government have also contributed to the market's growth, ensuring the safety and quality of processed meat products for consumers.
Underlying macroeconomic factors: The Processed Meat Market of the Meat Market within The Food market in Czechia is heavily impacted by macroeconomic factors such as consumer preferences, economic growth, and government regulations. As the country experiences economic growth and rising disposable incomes, consumers are more likely to spend on processed meat products. However, increasing health consciousness and concerns about the negative health effects of processed meat are also influencing consumer preferences. Additionally, government regulations regarding food safety and labeling requirements play a crucial role in shaping the market landscape. The market is also affected by global economic trends, such as trade policies and tariffs, which can impact the availability and prices of imported processed meat products.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights