Global Meat Products Market Size, Forecasts, And Opportunities – Meat Products Processing
Learn about the global meat products market through The Business Research Company, which provides information on meat products market size, meat products market drivers and restraints, meat products market players, the COVID-19 impact on the meat products market, and more.
The global meat products market size reached a value of nearly $1,091.4 billion in 2021, having increased at a compound annual growth rate (CAGR) of 9.4% since 2016. The global meat products market size is expected to grow at a CAGR of 7.2% from 2021 to reach $1,546.0 billion in 2026. The global meat products market size is expected to reach $2,094.5 billion in 2031, at a CAGR of 6.3%.
This rise in demand from the population gave a major boost to the overall meat products market. Additionally, rapid urbanization especially in the developing economies supported the demand for meat products through increased product consumption and high awareness on protein and meat products.
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The meat products market consists of sales of meat products by entities (organizations, sole traders and partnerships) such as meat processors and meat products farms that breed and/or raise meat products and sell the meat after slaughter, either at their own premises or through a third party which is engaged in preparing processed meat products and its by-products. Meat products include meat of beef, buffalo, pork, mutton, and rabbit. Meat products processing is fully or semi-automated in most countries. The companies in the industry package and distribute meat and meat products through various distribution channels to both individual customers and commercial establishments such as hotels and restaurants.
By Type: Pork, Mutton Others
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
By Product Type: Chilled, Frozen, Canned/Preserved
By Nature: Organic, Conventional
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global meat products market, accounting for 50.8% of the total in 2021.
The companies involved in the meat products market are investing in the trend of adopting robotics technology to maximize meat production efficiency. Robots are being used in the meat market to reduce the manual labor and to increase production. Robotics is also being used to automate cutting, butchering, and monitoring processes in meat production.
TBRC’s meat products market report covers:
Major Market Players: JBS S.A., Tyson Foods Inc., WH Group, Marfrig Global Foods S.A., Danish Crown
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Meat Products Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides meat products market overviews, analyzes and forecasts market size, share, meat products market players, meat products market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s meat products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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