The global processed meat market has grown exponentially in the last decade and this growth is expected to continue. In fact, according to FPSA’s most recent “Processed Meat and Meat Processing Equipment” report, the global market is estimated to expand at a compounded annual growth rate (CAGR) of 14.3 percent from 2013 to 2018, to reach $799 billion by 2018.
The report offers good news for meat processors and many opportunities for expansion globally. Here are three trends meat-processing professionals should keep an eye on as they expand their businesses in 2015: