Report ID: SQMIG30I2362
Meat Based FPP Market Size, Share, Growth Analysis, By Type(hot dogs and sausages, nuggets, bacon, strips), By Distribution channel(business-to-business (B2B) and business-to-consumer (B2C)), By Source(Pork, Beef & Veal, Chicken), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30I2362 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
93 |
Figures:
81
Meat Based FPP Market Insights
Meat Based FPP Market was valued at USD 5.06 billion in 2019, and it is expected to reach a value of USD 17.50 billion in 2019, at a CAGR of 19.3% over the forecast period (2024-2031).
Ready-to-cook and ready-to-eat meat products are included in the global meat-based FPP industry. One of the factors driving the increased demand is the rising trend of fast-food consumption (further-processed products). It is typically sold as whole carcasses, animal sections, or smaller cuts such as steaks and chops. Some of the meat produced is also used to make foods like hot dogs and sausages, nuggets, bacon strips, meatballs, burger patties, and wings. All of these items are meat-based FPP products. The COVID-19 pandemic also had an impact on its production, supply chains, and prices, resulting in a severe socio economic crisis around the world. Initially, its prices had risen due to a scarcity of raw materials and increased demand from panic buying. However, as a result of lockdown restrictions and consumers' reduced purchasing power, both demand and production decreased significantly.
US Meat Based FPP Market is poised to grow at a sustainable CAGR for the next forecast year.
Meat Based FPP Market Report Snapshots
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