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Analysts are foreseeing a 9% growth acceleration in processed meat until 2023

  • 14 May 11:03

Analysts are foreseeing a 9% growth acceleration in processed meat until 2023 Convenience food is going to represent the main factor of growth in the processed meat market over the next three years, according to a market report from Technavio. A 9% CAGR is expected to generate an incremental growth of $226.37 billion over the next three years, despite the current disruptions caused by the COVID-19 pandemic. The need for convenience foods is going to play a major role in the processed red meat market as the demand is expected to surge in regions such as Asia-Pacific, Europe, the Middle East and Africa. Asia will maintain a strong rate of demand, generating more than 31% of the growth expected in this market. In fact, some of the signs of growth are. Read more...