Processed Meat Packaging Market is expected to reach US$ 2.4 Bn in 2032, to surge at 4.8% CAGR during forecast period of 2022-2032 | FMI
The size of the world market for packaged processed meat was estimated to be about US$ 1.4 billion in 2021 and is anticipated to grow at a CAGR of 4.8% from 2022 to 2032. The processed meat packaging industry is anticipated to generate an extra $2.4 billion in potential in 2032 throughout the forecast period.
Due to the growing demand for small-portion meat products, most of which are frozen meat products, as well as minimally processed dried meat-based snacks, there is an increased need for different types of processed meat packaging forms, such as pouches. The rise of the processed meat packaging market is also predicted to be supported by increased health consciousness, the adoption of proper dietary practises, and consumption of small meal portions.
As per the World Health Organization (WHO), children and adults should reduce their daily intake of free sugars to less than 10% of their total energy intake. Further, a reduction to below 5% or roughly 25 grams per day will offer additional health benefits. Thus, similar guidelines and recommendations by government healthcare organizations are anticipated to push sales of small sized packaging of meat and meat products.
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2016-2021 Global Processed Meat Packaging Demand Outlook Compared to 2022-2032 Forecast
The processed meat packaging market registered a CAGR of 2.6% during the historical period of 2016-2021 and was valued at US$ 1.2 Bn in 2016. The global processed meat packaging market reached a valuation of around US$ 1.4 Bn by the end of 2021.
Fast-paced lifestyles and increasing number of salaried workers have raised the consumption rate of ready-to-eat food products, which is expected to spur sales of processed meat packaging. The packaging’s main objective is to protect the goods. Meat must be covered in packaging to prevent contamination, maintain freshness, and extend shelf life.
Since meat is a perishable product, its packaging must serve a number of purposes, including displaying label information, ensuring product visibility, providing a high barrier to protect the food from physio-chemical changes, moisture, oxygen, as well as resisting grease, odor, and tearing to keep it fresh.
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How the U.S. Expected to Increase Processed Meat Packaging Sales?
Growing Demand for Fresh Meat Packaging to Support US Growth
The North America Meat Institute claims that the meat industry is the greatest segment of American agriculture. The nation generated around 52 billion pounds of meat in 2017. In terms of both demand and market share, the United States leads the world for meat products.
The country’s market for processed meat packaging is anticipated to grow quickly due to the increased demand for premium, fresh meat products brought on by rising disposable income. The market for processed meat packaging in the United States is consequently expected to grow to $710 million by 2032.
Processed Meat Packaging Market Outlook by Category
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Dec 21, 2022
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