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Showing posts with the label Processed Meat Market

Processed Meat Market Witness Rapid Increase in Consumption By 2028

  The  global processed meat market  is estimated to be valued at  $4,79,472.50 million by 2028 , surging from  $2,77,000.00 million in 2020 , at a noteworthy  CAGR of 7.20% .   Impact Analysis of COVID-19 on the Processed Meat Market The global market for processed meat is estimated to experience a low growth amid the COVID-19 pandemic. This low growth is the result of disruptions in supply chain and closing of manufacturing facilities across the globe. In addition to this, pandemic has hit the entire meat supply chain of production and it is impacting the businesses and workers engaged in it. Moreover, spreading of the corona virus at processing plants might have led decrease in the operating capacity, resulting into the decline in the output of processed meat market. Therefore, demand for processed meat is decreasing amid the pandemic. However, according to a news article, in June 2021, JBS SA, largest meat processing company based in Brazil, announced that they have started their o