The processed meat market in the US is projected to grow at a CAGR of 2.26 percent from 2016-2020, according to a recent report from Research and Markets.
In the last decade, changing lifestyles due to rapid urbanization and shortage of time have led to high demand for packaged and convenience foods, analysts said. Packaged foods take less time and effort to cook, and have enhanced food nutrition and durability. Processed meats are prepared for safe and easy consumption for consumers in the US.