The latest report by IMARC Group, titled “Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the meat market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global meat market size reached US$ 1.4 Trillion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.7 Trillion by 2032, exhibiting a growth rate (CAGR) of 2.01% during 2024-2032.
Meat Market Trends:
The global market is primarily driven by the increasing global population and rising income levels in emerging economies. In accordance with this, changing dietary preferences and rapid urbanization are further augmenting the consumption of the product. Furthermore, continual advancements in processing technologies are enhancing the production efficiency and providing an impetus to the market. Similarly, the growing demand for convenience and ready-to-eat meat products is driving market expansion. The increasing popularity of high-protein diets, such as paleo and keto, is further propelling market growth.
Moreover, ongoing improvements in cold chain logistics is facilitating the transportation and storage of fresh and processed meat, expanding market reach. Besides this, the rise in fast food chains and restaurants offering meat-based meals is contributing to the market’s appeal. Likewise, growing consumer preference for organic and grass-fed products, driven by health and environmental concerns, is positively influencing the market.
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Meat Market Scope and Growth Analysis:
The scope of the market is broad, encompassing fresh, processed, and ready-to-eat meat products, with significant growth potential in emerging economies. The market scope is poised for steady growth as consumer demand for high-quality, protein-rich foods continues to rise. According to market analysis, continual technological advancements in processing, along with innovations in packaging, are enhancing product shelf life and quality, driving further expansion in the market. Additionally, the ongoing shift towards organic, antibiotic-free, and grass-fed meat products reflects growing health and sustainability awareness, is shaping future market trends.
Furthermore, the increasing focus on traceability and transparency in meat supply chains, driven by consumer demand for ethically sourced products, is opening new opportunities. As global meat consumption increases, investments in meat production and processing infrastructure are expected to rise, further supporting growth in the market scope. Stringent regulatory policies supporting sustainable production practices are positively influencing the market's future development.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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
Meat Market Segmentation:
Our report has categorized the market based on region, type, product and distribution channel.
Type Insights:
- Raw
- Processed
Product Insights:
- Chicken
- Beef
- Pork
- Mutton
- Others
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Departmental Stores
- Specialty Stores
- Online Stores
- Others
Regional Insights:
- 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 (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a premier market research enterprise that specializes in providing management strategies and detailed market analysis globally. We engage with a diverse array of clients across various sectors and geographical regions, helping them to pinpoint and capitalize on valuable opportunities, address pivotal challenges, and effectively transform their enterprises.
Our reports deliver insightful information on key market trends, technological advancements, economic shifts, and scientific developments, catering to business leaders in sectors such as pharmaceuticals, industrial technologies, and high-tech organizations. We are experts in forecasting market trends and conducting industry analyses for areas including biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology, ensuring top-tier guidance in these complex fields.
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