Study: Processed meat sales set to cross $200B in 2018
The study finds that growing meat production, increasing demand for affordable animal protein and preference for convenience are expected to provide an impetus to growth of the processed meat market.
The processed meat market will envisage a moderate 2.2% volume year-over-year growth in 2018 over 2017, opines a market study published by Fact.MR, Rockville, Md.
The study finds that growing meat production, increasing demand for affordable animal protein and preference for convenience are expected to provide an impetus to growth of the processed meat market. However, demand is likely to witness moderate growth, as the growing vegan trend stalls consumption.