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...
Published in the journal PLoS One, the study conducted by the Oxford Martin School and the Nuffield Department of Population Health focused on optimal levels of taxation for red and processed meat in 149 world regions, to account for the cost burden on healthcare systems and spur changes in consumption patterns. In high income countries, it found, red meat would need to be 20% more expensive and processed meat, like bacon, sausages and jerky, would need to be more than double its current price to account for the health costs associated with their consumption. The World Health Organisation classifies beef, lamb and pork as carcinogenic when eaten in processed form,. Read more...
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