Market Overview
The report by Market Research Future (MRFR) analyzes the global dehydrated meat products market and predicts that it could achieve a CAGR of 4.6% during the forecast period (2020-2027).
Market Drivers and Key Restraints
Increasing demand for meat products with long shelf life along with their lower price lends a boost to the dehydrated meat product market. With their easy storage properties, dehydrated meat products can be easily transported from one location to another. This factor works in favor of the market to a great extent. Also, hike in demand for frozen and canned meat products the world over could elevate the market position in the forthcoming years.
Busy lifestyle led by consumers, followed by a rising inclination towards convenience products helps the dehydrated meat products market expand in size. The market also benefits from the increase in disposable income as well as the rising focus on nutritive diet.
Additionally, several esteemed vendors in the dehydrated meat products market are stressing on enhancing their investment in product upgradation to expand the product line. These impressive marketing strategies leave a positive impact on the market, not just in developed economies but in the developing ones as well.
Market Segmentation
The Dehydrated Meat Products Market is segmented on the basis of type, technology, and distribution channel.
Type-dependent segments in the market are dried pieces and fermented sausages. Between these, the fermented sausages segment could anticipate substantial growth over the evaluation period, followed by dried pieces.
With respect to the technology, the dehydrated meat products market includes sun-dried, hot air dried, vacuum dried, spray dried, freeze dried, and others. The sun-dried process segment, among these, is expected to be the majorly accepted technique, trailed by the hot air-dried technique. The spray dried technique is another segment deemed to gain a higher position in the global market in the subsequent years.
The various distribution channels mentioned in the report include store-based and non-store based. Out of these, the store-based distribution channel’s coverage in the market is the most impressive as consumers opt to buy products from supermarkets hypermarkets rather than going for conventional grocery shop.
Regional Insight
The main markets for dehydrated meat products are Asia Pacific, North America, Europe, along with the rest of the world (RoW).
Europe could project the highest gain in the worldwide dehydrated meat products market, followed by North America. Europe observes high inclination towards meat products for protein intake, which establishes its dominance at a global level.
Asia Pacific expects to have the fastest growth in the dehydrated meat products market, where China and Japan are the significant contributors, with the third spot secured by India. Additionally, Latin America offers plenty of opportunities for expansion to top companies. On the other hand, Middle East could emerge as a highly lucrative market, as the region boasts of a thriving business of dehydrated meat products.
In North America, the biggest market is the United States of America (USA) with the presence of a large pool of established players. After the USA, Canada and Mexico rule the region owing to technological advancements and the existing cutting-edge techniques employed in the field. Strong inclination towards portable convenience foods along with the expanding health-conscious populace strengthens the market in North America as well.
Top Vendors
The Key Dehydrated Meat Products Market Players currently at the top of their game are Henningsen Foods, Inc. (U.S.), BRF S.A. (Brazil), Marfrig Group (Brazil), Tyson Foods, Inc. (U.S.), Cargill, Inc. (U.S.), Pilgrim’s Pride Corporation (U.S.), Hormel Foods (U.S.), Associated British Foods Plc (U.K), Pinnacle Foods Group LLC (U.S.), Kerry Group Plc. (Ireland), and many more.
Industry News
July 2019
Small Medium Enterprises Development Authority (SMEDA) is set to provide monetary help to the business community in Khyber Pakhtunkhwa (Pakistan) to establish vegetable, fruit, and meat dehydration units. This move is part of its Economic Revitalization of KP and FATA (ERKF) project and will be in collaboration with Khushal Khan Khattak University (KKKU) Karak (Peshawar).
