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South America Processed Meat Market Size (2024 - 2029)

The South American processed meat market is experiencing growth driven by the region's status as a leading producer and exporter, supported by its abundant livestock. The market's expansion is fueled by increasing demand for convenient, packaged, and ready-to-eat food products, influenced by urbanization and changing lifestyle trends. Innovations in packaging and preservation technologies are enhancing product shelf life, making processed meats more appealing to restaurants and retail channels. Additionally, strategic mergers and acquisitions are being pursued by market players to broaden their product offerings and strengthen their market presence.

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Market Size of South America Processed Meat Industry

South America Processed Meat Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 17.69 Billion
Market Size (2029) USD 18.98 Billion
CAGR (2024 - 2029) 1.41 %
Market Concentration Low

Major Players

South America Processed Meat Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America Processed Meat Market Analysis

The South America Processed Meat Market size is estimated at USD 17.69 billion in 2024, and is expected to reach USD 18.98 billion by 2029, growing at a CAGR of 1.41% during the forecast period (2024-2029).

  • South America is one of the leading producers and exporters of South America is a prominent producer and exporter of processed meat products, thanks to the abundance of livestock in the region. Market players manufacture a vast range of processed meat products to increase their shelf life and keep the meat fresh for a more extended period. The demand for processed meat products, particularly beef, is increasing in the region due to its nutritional content and availability. Processed meat products are made using all-natural methods and then stored in refrigerated environments to prevent external spoilage.
  • The demand for packaged, ready-to-eat, and convenient food such as processed meat products is growing due to several factors, such as rapid urbanization, hectic lifestyles, and the adoption of new food habits and lifestyle trends. In addition, the trend of eating out, along with increasing tourism, is contributing to the rising demand for processed meat products in food service restaurants, quick chain restaurants, and retail channels. Processed meat can be stored at room temperature for a longer time than regular meat, which restaurants and hotels prefer.
  • Market players are also innovating new technologies to extend the shelf life of processed meats. New packaging trends such as shrink wrapping or vacuum packaging are also used to increase the product's shelf life. Additionally, market players are forming mergers and acquisitions with global players to expand their product portfolio. For example, in November 2021, JBS SA acquired Biotech Foods, a cultivated meat producer in Spain. Through this acquisition, JBS SA opened a research and development center for cultivated meat in Brazil.

South America Processed Meat Industry Segmentation

Processed meat is any meat that has been modified in some way to improve its taste, texture, or shelf life. The processing can involve various techniques such as salting, curing, smoking, or adding preservatives.

The South American processed meat market is segmented by meat type, product type, and application. On the basis of meat type, the market is segmented into poultry, beef, pork, mutton, and other meat types. By product type, the market is segmented into chilled, frozen, and canned/preserved. By distribution channels, the market is segmented into hypermarkets/supermarkets, convenience stores, online retailing, and others. The market is segmented by geography into Brazil, Argentina, and the rest of South America.

The report offers the market size in value terms in USD for all the abovementioned segments.

Meat Type
Poultry
Beef
Pork
Mutton
Other Meat Types
Product Type
Chilled
Frozen
Canned/Preserved
Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Online Retail Stores
Other Distribution Channels
Country
Brazil
Argentina
Rest of South America
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South America Processed Meat Market Size Summary

The South American processed meat market is experiencing steady growth, driven by the region's status as a leading producer and exporter of processed meat products. The abundance of livestock in South America facilitates the production of a wide range of processed meats, which are increasingly in demand due to their nutritional benefits and extended shelf life. The market is witnessing a shift towards packaged and ready-to-eat foods, fueled by rapid urbanization, busy lifestyles, and evolving food habits. This trend is further amplified by the growing popularity of dining out and increased tourism, which boosts the demand for processed meats in food service establishments and retail channels. Innovations in packaging technologies, such as shrink wrapping and vacuum packaging, are also contributing to the market's expansion by enhancing product longevity.

Brazil plays a pivotal role in the South American processed meat market, being one of the largest producers and exporters of beef globally. The country's high production levels and increasing consumer preference for convenient and packaged foods are driving the demand for processed meat products. Brazil's exports of processed beef to countries like China, India, and the United States underscore its significant position in the global market. The market is characterized by a high degree of fragmentation, with both global and regional players such as BRF S.A., Conagra Brands Inc., JBS S.A., Foster Farms, and Minerva SA actively expanding their presence through exports and strategic mergers and acquisitions. These companies are also innovating to meet the growing consumer demand for diverse and sustainable meat products, further solidifying their market positions.

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South America Processed Meat Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Meat Type

      1. 2.1.1 Poultry

      2. 2.1.2 Beef

      3. 2.1.3 Pork

      4. 2.1.4 Mutton

      5. 2.1.5 Other Meat Types

    2. 2.2 Product Type

      1. 2.2.1 Chilled

      2. 2.2.2 Frozen

      3. 2.2.3 Canned/Preserved

    3. 2.3 Distribution Channel

      1. 2.3.1 Supermarkets/Hypermarkets

      2. 2.3.2 Convenience Stores

      3. 2.3.3 Online Retail Stores

      4. 2.3.4 Other Distribution Channels

    4. 2.4 Country

      1. 2.4.1 Brazil

      2. 2.4.2 Argentina

      3. 2.4.3 Rest of South America

South America Processed Meat Market Size FAQs

The South America Processed Meat Market size is expected to reach USD 17.69 billion in 2024 and grow at a CAGR of 1.41% to reach USD 18.98 billion by 2029.

In 2024, the South America Processed Meat Market size is expected to reach USD 17.69 billion.

South America Processed Meat Market Report Snapshots

South American Processed Meat Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)