Meat Market Demand, Growth Opportunity With Top Players, In-Depth Analysis Report 2023-2028

PRESS RELEASE

Published April 20, 2023

Meat refers to the flesh of birds and animals that are consumed as food. It is obtained from rabbits, chickens, cows, pigs, goats, sheep, lamb, duck, and deer. It includes connective tissue, skeletal muscles, bones, and fats that is widely consumed due to its tenderness and flavor. It is a rich source of essential minerals, proteins, fats, iodine, iron, vitamin B12, bioactive compounds, amino acids, carbohydrates, and fatty acids that aid in strengthening bones and muscles, enhancing metabolism and brain function, promoting reproductive health, improving heart health, and controlling blood sugar levels. As a result, it is extensively utilized in burgers, hotdogs, sausages, pepperoni, and steak stews and is widely served across cafes and restaurants to provide consumers with authentic and multi-cuisine dishes.

The global meat Industry size reached US$ 1.4 Trillion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.6 Trillion by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028. The global market is primarily driven by the increasing preference for protein-rich diets among the masses. This can be attributed to the changing dietary patterns and the rising health consciousness of individuals. Moreover, the growing consumer awareness and expanding poultry industry are further catalyzing the growth of the meat market. In response to the escalating demand, numerous major companies are introducing less expensive and label-friendly processed meat products, which are gaining widespread prominence among individuals. Along with this, the rising initiatives undertaken by governments to help in the development of poultry farming across several countries are creating a positive market outlook. Besides, the wide utilization of meat products by numerous food chains, cafes, and restaurants is contributing to the sales of meat varieties across the globe.

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Competitive Landscape with Key Players:

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 Meat Companies in the World

Meat Industry Growth:

Furthermore, various technological advancements, such as the utilization of robotics and automation technology for the processing of meat that aids in preventing contamination, enhancing production efficiency, and minimizing cycle time, are providing a thrust to the market. In line with this, continuous product innovations, including the development of additive and chemical-free meat, are acting as another growth-inducing factor. Besides this, constant improvements in organized distribution channels and the emerging e-commerce sector are positively impacting the market. Other factors, including the increasing consumption of processed poultry and pork meat, inflating disposable income levels of the masses, and the advent of home delivery models, are also influencing the market.

Key Market Segmentation:

Breakup by Type:

Raw
Processed

Breakup by Product:

Chicken
Beef
Pork
Mutton
Others

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Departmental Stores
Specialty Stores
Online Stores
Others

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

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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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