Global Meat (Cattle and Buffalo, Pig, Poultry, Sheep, Goat) Markets Report 2022-2029: Increasing Demand for Animal-based Food, Protein-rich Diets, & Functional Meat Products
DUBLIN, Aug. 15, 2022 /PRNewswire/ -- The "Meat Market by Product Type, Animal Type, by Distribution Channel, Business to Business - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The meat market is expected to record a CAGR of 5.7% from 2022 to 2029 to reach $1,345.9 billion by 2029. Moreover, in terms of volume, the meat market is expected to record a CAGR of 1.1% from 2022 to 2029 to reach 374.4 million tonnes cwe by 2029.
The growth of this market is mainly attributed to the increasing demand for animal-based food, protein-rich diets, and functional meat products.
Moreover, the increasing awareness of organic processed meat products and rising demand for gluten-free products are expected to provide lucrative growth opportunities for the stakeholders in the meat market. However, the carcinogenic effects of processed meat and growing awareness about the benefits of meat alternatives hinder market growth to some extent.
The global meat market is segmented on the basis of animal type, product type, and distribution channel. The study also evaluates industry competitors and analyzes the market at a regional and country level.
Based on animal type, the global meat market is segmented into cattle & buffalo, pigs, poultry, sheep & goat, and other animals. In terms of value, in 2022, the cattle and buffalo segment is expected to account for the largest share of the global meat market owing to the growing demand for beef, as it is one of the important sources of protein.
Comparatively, cattle and buffalo meat have higher protein content than chicken, pork, turkey, and lamb. Awareness associated with the consumption of protein through high nutritional food and growing preference for beef over other meats owing to various diseases associated with poultry and pork is further expected to drive the growth of this market.
Based on product type, the global meat market is segmented into processed and fresh meat. In terms of value, in 2022, the processed meat segment is expected to grow at the highest CAGR during the forecast period due to its ease of use, high availability and shelf life, and increasing demand for ready-to-cook food products owing to busy lifestyles. Also, the growing urbanization and increasing per capita income among millennials is further expected to boost the growth of the processed meat market during the forecast period.
Based on distribution channel, the global meat market is segmented into business to consumer (B2C) and business to business (B2B). In terms of value, in 2022, the business to consumer (B2C) segment is expected to hold the major share of the global meat market.
The growing number of supermarkets and hypermarkets and increased overall product sales from these outlets; consumer preference for shopping from brick-and-mortar grocers due to easy access and availability; and increasing use of e-commerce platforms for the purchase of essential goods are some of the key factors behind the major share of this segment.
In terms of value, in 2022, Asia-Pacific is estimated to account for the largest share of the global meat market owing to the increasing awareness regarding the importance of protein-rich diets, the increasing technological advancement, and new product innovations in the food & beverages industry, the fast-growing economy, and strong demand for meat and meat products in developing countries including China and India.
Moreover, rapid urbanization, rising income, and changing lifestyles in the Asia-Pacific region have made consumers opt for convenient ready-to-cook meat products.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4-to 5 years.
Market Insights
Drivers
- Increasing Demand for Animal-based Food
- Growing Demand for Protein-rich Diets
- Growing Demand for Functional Meat Products
Restraints
- Carcinogenic Effects of Processed Meat
- Growing Awareness about the Benefits of Meat Alternatives
Opportunities
- Increasing Demand for Organic Processed Meat Products
Challenges
- Risk of Antimicrobial Resistance (AMR)
Trends
- E-Commerce Developments in the Marketing of Food Products
- Increasing Gluten-free Trend
The Impact of Covid-19 on the Meat Market
Pricing Analysis
Import-Export Analysis
The key players profiled in the global meat market research report are
- Cargill Incorporated
- Tyson Foods Inc.
- JBS S.A.
- Hormel Foods Corporation
- American Foods Group LLC
- Koch Foods Inc.
- Smithfield Foods Inc
- National Beef Packing Company LLC
- Perdue Farms Inc.
- Allanasons Private Limited
Scope of the Report:
Global Meat Market, by Product
- Processed Meat
- Frozen Meat
- Chilled Meat
- Canned Meat
- Fresh Meat
Global Meat Market, by Animal Type
- Cattle and Buffalo
- Pig
- Poultry
- Sheep and Goat
- Other Animals
Global Meat Market, by Distribution Channel
- Business to Consumers (B2C)
- Modern Groceries
- Wet Market & Butcher Shops
- Convenience Stores
- Other Channels
- Business to Business (B2B)
Meat Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- China
- Japan
- India
- Australia
- Rest of APAC (RoAPAC)
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America (RoLATAM)
- Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/tdeom8
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SOURCE Research and Markets
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