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 within the Meat market in the EU-27 has been experiencing minimal growth, influenced by factors such as health concerns regarding processed meat, changing consumer preferences towards plant-based alternatives, and stricter regulations on food safety. The Ham & Bacon, Sausages, and Cold & Roast Meat Products sub-markets have also been impacted, leading to a slow growth rate.
Customer preferences: As consumer demand for healthier and more sustainable food options continues to rise, the Processed Meat Market within the Meat Market of The Food market is experiencing a shift towards plant-based and alternative protein sources. This trend is driven by concerns over animal welfare, environmental impact, and personal health, as well as a growing interest in vegetarian and flexitarian lifestyles. As a result, companies are investing in research and development to meet the changing preferences of consumers.
Trends in the market: In the EU-27, the Processed Meat Market is seeing a shift towards healthier and more sustainable options, with increased demand for plant-based and organic products. This trend is driven by consumer awareness of the health and environmental impacts of conventional meat production. As a result, industry stakeholders are investing in research and development to innovate and meet this demand. Additionally, there is a growing trend of offering meat substitutes in fast food and restaurant chains. This trajectory is expected to continue, with implications for traditional meat producers and retailers to adapt their offerings to meet changing consumer preferences.
Local special circumstances: In EU-27, the Processed Meat Market of the Meat Market within The Food market is influenced by the region's diverse culinary traditions and dietary preferences. For example, in countries with strong cultural ties to pork, such as Germany and Spain, processed pork products like sausages and cured meats are popular. In contrast, in countries like Italy and France, processed beef and poultry products like salami and pâté are more common. Additionally, EU regulations on food labeling and safety standards have a significant impact on the market, with strict rules on product ingredients and origin.
Underlying macroeconomic factors: The Processed Meat Market of the Meat Market within The Food market is influenced by macroeconomic factors such as changing consumer preferences, economic growth, and government regulations. Countries with a growing middle class and increasing disposable income are driving the demand for processed meat products. In addition, government regulations on food safety and labeling are also shaping the market landscape. Furthermore, an increasing focus on sustainable and ethical food production is expected to impact the market in the coming years. These trends are driving the demand for processed meat products and shaping the competitive landscape of the market.
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