Turkey Meat Products Market Size by Consumption Ratio of Key Players| Forecast 2032
Turkey Meat Products Market Overview
The global turkey meat products market
is poised to witness substantial growth of 14.55% CAGR and reached at 67.96
billion over the review period of 2032.
Market Scenario
from the perspective of global population
growth driving food consumption, the steady increase in household incomes and
retail trade turnover, amid continued urbanization, would be the main drivers
of the growth in global meat consumption, which could also have an effect on the
turkey
meat products market. The high intensity of trade is primarily dictated
by the large differences between the main turkey meat producing countries and
some of the big consumption countries. Turkey's meat will continue to be
heavily traded, powered by rising consumption and intensive global and regional
convergence.
A recent increase in fast food eating has
been initiated by the introduction of a quick-paced life. Longer working hours
give young adults little opportunities to have a home-cooked dinner. As a
result , modern distributors are witnessing the growth of high net income
individuals of processed turkey meat food products.
On the other hand, through the growth of
production capacities, increased meat supply, along with the maintenance of
strict poultry requirements, could ensure capabilities to satisfy market
demand.
Competitive Dashboard
Cargill, Incorporated (US), Kraft Foods
(US), Bernard Matthews (UK), Hormel Foods, LLC (US), Shady Brook Farm (US),
Copas Traditional Turkeys (UK), Conagra Brands, Inc. (US), Hannaford Bros. Co.,
LLC (US), Gardein (Canada), and Land O’ Frost (US) are some of the global
turkey meat products market companies.
Segmentations
Based on product form, category,
distribution channel, and location, the global Turkey Meat products market has
been segmented.
The global demand for turkey meat products
has been categorized as whole, sliced, ground, bacon, and others based on
product form. During the forecast era, the cut segment is projected to dominate
the global market for turkey meat products, because various food recipes
require different meat cuts.
On the basis of category, the market has
been divided into frozen, fresh, and others. During the appraisal period, the
frozen segment is projected to be the largest and fastest-growing global turkey
meat products market. The fast preservation of frozen food products can be due
to this. In addition, by trapping in moisture in the form of ice crystals,
freezing increases the shelf life of the meat.
The global demand for turkey meat products
has been segmented into store-related and non-store-based, based on sales
networks. Hypermarkets and malls, specialty outlets, and others have all been
listed as the store-based category. During the forecast period, the store-based
segment is projected to produce highest sales. Owing to the existence of broad
vendor networks, the sub-segment of supermarkets and hypermarkets is expected
to be the biggest. However, due to technical developments in the e-commerce sector
and increased customer demand for online shopping, the non-store-based segment
is projected to expand significantly during the review period.
Regional Outlook
the global turkey meat
products industry was evaluated for four main areas, namely, North
America, Europe , Asia-Pacific, and the rest of the world,.
The growth of the turkey meat products
market in North America is fueled by the increasing popularity of turkey-based
dishes such as Pilgrim sandwiches, hot brown, and smoked turkey legs. Globally,
owing to the heavy intake of turkey meat and turkey meat products as part of
the annual meal on Thanksgiving and Christmas, North America is expected to
lead the turkey meat products market. In comparison, turkey is originally from
the US and Mexico.
Due to rising demand, the Turkey Meat
Products Market in Europe is expected to report the highest CAGR during the
review period, as turkey meat is a significant source of protein. Due to its
low fat content, turkey breast's rising popularity is expected to fuel the
growth of the regional demand for turkey meat products during the forecast
period.
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