Meat Market Report Overview:
According to the research, the Meat market is expected to grow at a rapid pace during the forecast period. The report provides a comprehensive analysis of the Meat industry, shedding light on its structure.
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Meat Market Report Scope and Research Methodology:
The Meat market report was developed using primary and secondary research methods. The primary research involved surveys and interviews with industry experts, while the secondary research involved collecting data from industry publications, government reports, and other sources.
The report provides a region-wise, segment-wise, and sub-segment-wise analysis of the Meat market dynamics, market size, market share, and key players. It also includes a list of Meat key competitors in the industry, along with their revenue, financial status, product portfolio, investments, mergers, acquisitions, and joint ventures. SWOT analysis was used to identify the strengths and weaknesses of the key players, as well as the opportunities and threats facing the Meat industry. The bottom-up approach was used to estimate the Meat market size.
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Meat Market Dynamics:
Fresh meat is usually characterized as meat which has not undergone any special processing prior to being sold. Any meat that has been modified in some way to increase its flavor or extend its shelf life is considered processed meat. Processed food consumption leads to an increase in cholesterol and fat levels in the body, forcing the consumer to adopt an unhealthy lifestyle. Increasing obesity rates are raising awareness about the dangers of eating processed foods, putting a strain on demand for fresh processed meat products. Fresh meat is dominate the market because many consumers are trying to avoid processed meat for their disadvantages and as unhealthy meat food.
Meat Market Segmentation:
by Type
Fresh Meat
Processed Meat
by Product
Pork
Poultry
Sea Food
Lamb & Goat
by Application
Super Market
Convenience Store
Independent Retailers
Others
Based on type, Global Meat Market is segmented in to the Fresh Meat and Processed Meat. The Global Fresh Meat Market was estimated at USD 2.06 billion in 2022, with (CAGR) of 2.7% predicted from 2023 to 2029. The growth is likely to be fueled by rising consumption of fresh meat products such as pork and beef. Fresh meat has a shorter shelf life and requires packaging that provides for sufficient oxygen to keep its color. The Global Processed meat market was accounted at USD 541.21 Bn. in 2022 and projected to reach USD 721.84 by 2029 with increasing CAGR 4.2% during the forecast period.
Based on Products, the Global Meat Market is segmented into Poultry, Pork, Goat & Lamb and Seafood. The Poultry segment is dominated the Global Meat Market in the year 2022. Poultry segment is held the market share of 4.7% in the year 2022, and its further expected to grow at CAGR 9.5% during the forecast period. Global Meat Market of Lamb and Goat segment, China Europe, Canada drive the 1.1% of CAGR estimated for this segment. This market accounting for combined market size of 10.5 Mn. Metric tons in the year 2022 and estimated to reach market size of 11.3 metric tons during the forecast period. Sea food held the market of 5.4% in the year 2022 and it expected to grow around 8% by the end of year.
Based on Application, Global pork market is segmented by application as Super Market Convenience Store, Independent Retailer and Others. The Super Market segment held the market share of 65% in 2022.The Independent Retailer segment dominated the Global Market in 2022 and reached for a revenue share of over 56% .The growth in the Convenience store application of Fresh and processed Meat can be directly contributed growing working population and the trend of consuming meals outside homes. During the outbreak of corona virus the demand for the pork meat has reduced because of consumption of pork meat has been impacted negatively. The Other segment is projected to witness a notable growth rate throughout the forecast period. This is attributed to the fact that the Independent Retailer market of fresh meat has increased considerably in Asia-Pacific
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Meat Key Players:
1. JBS
2. NH Foods
3. Smithfield Foods
4. Cargill Incorporated
5. ConAgra Foods
6. National Beef Packing Company
7. Tyson Foods
8. Cherkizovo Group PJSC
9. OSI Group Bridgford Foods Corporation
10. China Yurun Food Group
11. Danish Crown
12. Dawn Meats
13. JBS S.A.
14. Smithfield Foods
15. Tonnies
16. Triumph Foods
17. Tyson Foods Inc.
18. Vion Food Group Ltd.
Key Questions answered in the Meat Market Report are:
- What was the Meat Market size in 2022?
- What is the expected Meat market size by 2029?
- What will be the CAGR of the Meat market during the forecast period?
- Which region held the largest market share in the Meat Market?
- Which company held the largest share in the Meat market?
- What key trends are likely to emerge in the Meat market in the coming years?
- Who are the Meat key players in the Meat industry?
Key offerings:
- Market Overview
- Market Share
- Market Size
- Forecast |2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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