Page 6 - Processed Meat Market News Today : Breaking News, Live Updates & Top Stories | Vimarsana

factmrMay 5, 2021 The consumption of meat has grown multifold with fast food consumption. However, COVID-19 outbreak has affected the demand for processed meat owing to bottlenecks in the supply chain and hurdles in production. Companies like Smithfield Farms and JBS USA have closed their operations in processing plants owing to the positive cases of COVID-19 found among their employees. However, the market is anticipated to regain traction post pandemic with safety guidelines instituted at facilities. The market is expected to witness modest growth at a CAGR of nearly 4% during 2020-2030, with demand is projected to revive during the third quarter of 2020.

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