The global smoked meats market is anticipated to exhibit a healthy CAGR during the forecast period (2013 to 2028), according to a report available on Million Insights. Smoked meat refers to meat that is cooked slowly using smoke from wood chunks. A smoker or a grill is fire up to 225 degree Fahrenheit to produce smoke that is enough to cook red or white meat. Seafood can also be cooked in similar manner to added smoky flavor. Wide range of smokers are available in the market that can be used for smoking food. Such smokers are based on electricity, charcoal, propane, wood, and pellet.
Rising demand for protein rich foods among health conscious consumers is anticipated to propel smoked meats market growth. Smoke adds additional flavor to food and helps preserve nutritional content for longer period. In addition, growing awareness among cooks and consumers regarding antimicrobial properties of phenols and chemicals present in smoke is driving the market. Smoking is a slow cooking technique, still it breaks down toughest muscle tissue present in beef. Even grilling cannot create that effect. Moreover, increasing use of advanced cooking techniques at residential and commercial level to serve healthy food will drive the market over the forecast period.
To cater to rising demand, manufacturing companies are investing in R&D to prepare nutritious food products. For instance, in July 2019, Hormel launched 100 present natural single served lunch meal for consumers. The meal is available in four convenient variants, oven roasted turkey, Applewood smoked turkey, cherrywood smoked ham, and honey ham.
Based on product, the smoked meat market is categorized into pork, fish, beef, poultry, and others. Beef segment is anticipated to hold largest market share over the forecast period. This is attributed to growing popularity of brisket cut of beef among consumers. Brisket is considered as most delicious and tender cuts of beef. Second cut of brisket is juicier than first owing to extra fat that contributed to satisfying stew while smoking.
In terms of application, the smoked meat market is classified into barbeque, hotel and restaurant, personal, and others. Barbeque segment is expected to exhibit largest market share over the forecast period. This is attributed to increasing use of barbeque smokers to prepare delicious and flavorful food. In addition, growing trend of barbeque parties serving variety of smoked meats is contributing well to segment’s growth. Moreover, advent of barbeque smokers for domestic cooking will drive segment’s growth in coming years. Cooking meat for long periods of time, breaks down collagen and makes it tender. In addition, smoke from wood adds additional flavor to the food.
Regional segmentation includes North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific is anticipated to witness largest market share owing to presence of major manufacturing companies in the region. WH Group from China is considered as leading manufacturer across the globe. In addition, increasing consumption of beef and seafood in China is expected to impel regional growth. Moreover, rising export activities of beef from India to countries where demand is high will drive regional market growth in coming years.
North America, on the other hand, is also expected to contribute well to market revenue in coming years. Increasing consumption of beef in US owing to flavor and nutritious value is driving regional growth. In addition, growing trend of barbeque in private parties is driving the market. Barbeque is rooted to native Americas who used smoked fish to preserve food for period of lowered income. Since then, North America has adopted distinct styles of barbeque. For instance, North Carolina is famous for pork shoulder with ketchup based sauce. South Carolina likes whole hog with mustard based sauce and Eastern style is whole hog with pepper-based sauce.
Some of the key players in the smoked meats market are Hormel, Yunrun Group, Columbus Foods Company, WH Group, and Fratelli Beretta. Companies are adopting business strategies such as mergers and acquisitions to expand their product portfolio and gain competitive edge.
Leading players of Smoked Meats including:
• WH Group
• Yunrun Group
• Fratelli Beretta SpA
• Columbus Foods
• Peer Foods Group, Inc.
• Kayem Foods, Inc.
• Falls Brand and Independent Meat Company
• Sunnyvalley Smoked Meats, Inc.
• Prime Smoked
Market split by Type, can be divided into:
Market split by Application, can be divided into:
• Hotel & Restaurant
Market split by Sales Channel, can be divided into:
• Direct Channel
• Distribution Channel
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Research Support Specialist, USA