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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.
U.S. demand for processed food is forecast to grow 1.8% annually in nominal terms through 2022, according to “Processed Food: United States,” a report released by Freedonia Focus Reports, Cleveland, Ohio.
New research commissioned by Heart & Stroke, a Canadian charity dedicated to advocacy, education and the funding of research surrounding heart disease and stroke, shows that ultra-processed food consumption in Canada continues to increase and is alarmingly high, accounting for almost half of the daily calorie intake.