Turkey Meat Products Market Summary
As per Market Research Future Analysis, the Global Turkey Meat Products Market was valued at USD 19.62 Billion in 2023 and is projected to grow from USD 22.91 Billion in 2024 to USD 67.96 Billion by 2032, with a CAGR of 14.55% during the forecast period. Key drivers include rising demand for flavored and nutritious food products, increased protein consumption, and a shift towards organic meat products. The sausage segment leads the market with 35% revenue share, while the frozen category accounts for 70.4% of income due to its convenience. The market is also influenced by consumer trends towards ready-to-eat meals and online shopping.
Key Market Trends & Highlights
The Turkey meat products market is experiencing significant growth driven by evolving consumer preferences and health awareness.
- Market size in 2023: USD 19.62 Billion.
- Projected market size by 2032: USD 67.96 Billion.
- Sausage segment revenue share: 35% (USD 6.87 Billion).
- Frozen category income share: 70.4%.
Market Size & Forecast
2023 Market Size | USD 19.62 Billion |
2024 Market Size | USD 22.91 Billion |
2032 Market Size | USD 67.96 Billion |
Major Players
Cargill Incorporated (US), Kraft Foods (US), Bernard Matthews (UK), Hormel Foods, LLC (US), Shady Brook Farm (US), Dakota Provisions (US).