According to the latest report by IMARC Group, titled “Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global meat market reached a value of US$ 1.33 Trillion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.61 Trillion by 2027, exhibiting at a CAGR of 3.10% during 2022-2027. Meat is an edible portion of an animal or bird’s flesh, such as muscles, tissues, ligaments, fats, tendons, and bones, which is consumed as food. It is usually obtained from domesticated cattle and poultry, including chickens, cows, goats, turkeys, sheep, pigs, lambs, and rabbits. It is rich in essential nutrients and minerals, such as proteins, fats, carbohydrates, iron, niacin, riboflavin, magnesium, potassium, folic, amino and omega-3 fatty acids, bioactive compounds, and vitamins. It helps enhance the immune system, strengthen muscles and bones, boost metabolism and brain health, control blood sugar levels, and improve cardiovascular health. Moreover, meat is widely consumed and used to prepare various dishes due to its rich flavor, tenderness, and health benefits.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Meat Market Trends:
The rising health consciousness and the escalating demand for a high protein diet among consumers represent the primary factors driving the market growth. Besides this, the increasing consumption of processed poultry and low-fat meats due to changing dietary preferences elevated living standards, and rapid urbanization is another major growth-inducing factor. Additionally, consumers are increasingly opting for animal-based protein-rich foods due to the growing awareness regarding their health benefits. Along with this, the widespread availability of premium meat snacks and meat-based burgers, hotdogs, sausages, fillets, and steak stews across restaurants and cafes has augmented the product demand.
Furthermore, several key players are adopting advanced technologies to automate meat processing that helps prevent contamination, improve production efficiency and reduce cycle time. This, in line with the development of novel inactivation technologies and the implementation of stringent government regulations regarding food safety, has catalyzed market growth. Other factors, including the shifting consumer preferences toward ready-to-eat (RTE) meat products, inflating disposable incomes, and surging popularity of additive- and chemical-free meat, are also providing a positive thrust to the market growth.
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Global Meat Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- BRF S.A.
- Cargill Incorporated
- Clemens Food Group
- Conagra Brands Inc.
- Hormel Foods Corporation
- JBS S.A.
- Minerva Foods SA
- NH Foods Ltd.
- Sysco Corporation
- Tyson Foods Inc
- Vion Food Group
- WH Group Limited
Also, Read Full Blog Top Players in the Meat Market
Breakup by Type:
Breakup by Product:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Departmental Stores
- Specialty Stores
- Online Stores
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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