The Europe Processed Pork Market was calculated to be US$ xx million in 2022, and it is determined to reach a value of US$ xx million by 2028 at an expansion rate (CAGR) of xx% between 2023 and 2028.
Processed meats are finding extensive demand in catering industry, restaurants, and fast-food places because of the advantages like whole year availability, and increased shelf life. The meat is seasoned, smoked, or processed with chemicals which converts the meat into a processed form that enhances the flavor of the pork. It also makes pork less susceptible to microbes.
Increasing urbanization and high availability of pork will enhance the overall market demand for Processed Pork in Europe during the forecast period.
The Europe Processed Pork market is rising with the increase in the technologies in the production of pork,growing restaurant,high household disposable incomes and increase in fast food. Also, in Europe, pork is considered a traditional taboo and the consumption of pork products is strictly prohibited. Processed pork has increased its share of the total amount of pork sold, probably due to its low price and the versatility of modern cuisine. The increasing popularity of culinary sauces, especially pasta sauces, is believed to be one of the main reasons for the increased share of pork sales. The increasing demand for pork and the surge in disposable income are the main drivers of the Europe Processed Pork market growth. Also, factors such as changes in lifestyle, demand for convenience and rising disposable income are contributing to the growth of the European market for processed pork. Branding, advertising and promotion of processed foods such as pork, red meat, etc. are some of the strategies that are observed to dominate the Europe Processed Pork market. Additionally, the rising call for organic livestock is an opportunity for suppliers to increase their market share. Pork consumption has increased considerably due to urbanization and increased disposable income. Growing consumer interest in protein-rich meats and increasing urbanization are driving the growth of the processed pork market, as it is highly correlated with access to high-sugar processed foods. Pork is a great source of many vitamins and minerals which includes zinc, thiamine, vitamin B6, vitamin B12, phosphorus, niacin, and iron. Therefore, the processed pork market growth will increase during the outlook period of 2020-2025.
The increasing cost of feed raw materials is a major constraint for the European processed pork market. Also, the attention of organizations like the WHO on the increased risk of developing cancer due to the consumption of processed meats is further hampering the growth of the processed pork market in Europe. Some of the limiting factors for the processed pork market are obesity concerns and government regulations on animal husbandry and meat processing. Some of the factors impeding the growth of the processed pork market are the rise in obesity and the surge in government regulations on animal husbandry. Another big challenge is that everyone wants to sell their waist of pig, which represents less than 20% of the body. So only about a third of the pigs are sold fresh meat and the rest are processed, mainly as ham, bacon and sausage.
The fresh processed pork segment by product type had the largest share of the Europe Processed Pork market in 2019 and is expected to grow at a CAGR of 5.8% over the outlook period. Pork is the ingredient in freshly cooked and canned hot dogs. Pork processing reduces the particle size of the meat, so mixing ensures uniformity of chemical composition and protein extraction. Processed pork is estimated to have the highest CAGR with the fastest growing sector for the 2023-2028 period.
By application, the sausage segment held the largest share of the Europe Processed Pork market in 2019.
Based on the distribution channel, the European market is divided into supermarket/hypermarket, grocery stores, specialty retailers, online channels and others. Among these, the supermarket/hypermarket accounts for the significant share in the regional market and is likely to develop with a considerable CAGR in the coming years. Also, with the tension of coronavirus, the online channels are also estimated to develop rapidly in the envisioned period.
During coronavirus, a significant number of consumers switched to vegan diets for fear of spreading the virus. Because of this, players are expected to see a significant decrease in demand. The market for processed pork will be an important source of income in this period. However, due to supply shortages, many market participants are facing reduced production. After the third quarter of 2020, the market will rebound due to the transition to a daily work-life balance for consumers and a festive season like Christmas for customers. The market is supposed to face the impact of COVID-19 by the fourth quarter of 2020- 2021. To overcome this situation, companies are incorporating new promotional strategies such as substantial discounts and refinement of processed pork products.
Geographically the Europe Processed Pork Market is segmented into UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe. In Europe, pork consumption is reported to be the highest at 32.3 kg per person. Europe is supposed to remain dominant in the processed meat market as demand for conventional pork increases in the growing HoReCa segment in the region. France has the largest number of beef cattle in Europe, with 25 varieties bred exclusively for meat production. Germany is the main market in Europe, followed by France and Italy. The country is the market leader in the production and export of pork, second only to France in beef production. The EU accounts for 16% of world meat production annually.
Key Players in the Market:
Major Key Players in the Europe Processed Pork Market are
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