Meat Market Growth, Industry Report 2023-2028
Meat Market Overview:
The latest report by IMARC Group, titled “Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the Meat Industry Overview. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global meat market 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. Meat is the flesh or edible parts of animals, such as muscle, fat, tendon and ligament, consumed as food. It is obtained for domesticated animals, including cattle, swine, sheep, chicken, pig, goat, lamb, duck, rabbit, and deer. Meat is a rich source of proteins, vitamins, minerals, carbohydrates, amino and fatty acids, and bioactive compounds. Moreover, the consumption of meat on a regular basis is known to enhance metabolism and brain functions, strengthen bones and muscles, and improve heart health.
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.
Global Meat Market Trends:
The global meat market is primarily driven by the increasing demand for protein-rich and low-fat food. Besides this, the growing consciousness regarding health has also encouraged individuals to opt for meat and meat products in their daily diet. Nowadays, several cafes and restaurants across the globe are serving meat-based burgers, hotdogs, sausages, fillets and steaks, which is fueling the market growth. In addition to this, technological advancements, such as the utilization of robotics and automation technology, in the butchering, cutting, and monitoring processes enhance production efficiency and minimize cycle time. On account of these factors, the market is expected to witness positive growth in the upcoming years.
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
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
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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