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The meat, poultry, and seafood market have witnessed robust growth, surging from $1527.25 billion in 2023 to $1623.6 billion in 2024, marking a compound annual growth rate (CAGR) of 6.3%. This growth in the historic period is credited to the increasing rise in disposable income, the growing popularity of seafood products, low-interest rates, and the growth of emerging markets. Moving forward, the market is expected to experience strong growth, reaching $2037.24 billion in 2028 at a CAGR of 5.8%. The anticipated growth in the forecast period is attributed to increased awareness of the health benefits, a rising global population, and an increased demand for quality and sustainability. Major trends include heightened awareness of health benefits, an increasing population, and a growing demand for quality and sustainability.

The global population is on a trajectory to reach 10 billion by 2050, resulting in an escalating demand for food. As outlined in The Agricultural Outlook by the OECD and FAO, a 13% increase in global cereal production is anticipated by 2027. To meet the needs of the expanding population, there will be a corresponding surge in crop production, farming activities, and trade volumes. Consequently, companies operating in this market are poised to benefit from the heightened demand for meat, poultry, and seafood products due to the growing population during the forecast period. The market size for food products is shaped by these projections, with a significant impact expected by 2023, 2024, and 2028.

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What Are The Key Trends That Influence Meat, Poultry And Seafood Market Share Analysis?

Poultry processing companies are adopting 3D imaging systems to optimize their yields. These systems use sensors and actuators to model the poultry bird and determine the optimal cutting position. The bird is placed under the vision system, which captures images and measurements to ascertain its geometry. Near-infrared sensors measure the meat and bone content. Vision analysis then enables the system to make precise cuts for each bird, regardless of its size or shape. This data-driven approach maximizes yield and reduces per-unit costs in poultry meat processing. Notable companies leading this technology include Gainco, a manufacturer of meat and poultry equipment, and Midwest Machine LLC.

Which Market Players Are Driving Growth In The Meat, Poultry And Seafood Market?

Major companies operating in the market are JBS S.A, Tyson Foods Inc, WH Group Limited, Marfrig Global Foods S.A., Pilgrim’s Pride Corporation, Hormel Foods Corp, Maple Leaf Foods Inc, Thai Union Group, Vion Holding, Danish Crown A/S, Pescafresh, Godaco Seafood, Grand Wynn Enterprises, NH Foods Ltd, Charoen Pokphand Group, Suguna Foods, Doyoo Group, New Hope Liuhe, Wen’s Food Group, Bell & Evans, Hain Celestial, Fosters Farm, Cargill meat solutions, Riverford Organic Farms, Danone, Capestone Organic Poultry Farm, Underrwood Meat Company, Springfield Poultry, Yorkshire Valley Farms, Rossdown Farms & Natural Foods, Beretta Farms, Smithfield Foods Inc, Pjsc, F.L.G. Srl, Scorilo Srl, Enpi Lake Fishing SRL, Cherkizovo, MHP, Gap Resurs, AO Prioskolie, Sadia, Seara Foods, Perdigao SA, Minerva Foods.

How Is The Global Meat, Poultry And Seafood Market Segmented?

The meat, poultry and seafood market covered in this report is segmented –

1) By Type: Meat Products, Poultry, Seafood
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channel
3) By Nature: Organic, Conventional

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The Meat, Poultry And Seafood Global Market Report 2024 provides an overview of the meat, poultry and seafoodmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The meat, poultry and seafood market forecast analyzes meat, poultry and seafood market size, meat, poultry and seafood market share, leading competitor and their market positions.

The Table Of Content For The Meat, Poultry And Seafood Market Include

1. Meat, Poultry And Seafood Market Executive Summary
2. Meat, Poultry And Seafood Market Segments
3. Meat, Poultry And Seafood Market Size And Template Market Growth Rate
4.  Key Meat, Poultry And Seafood Market Trends
5. Major Meat, Poultry And Seafood Market Drivers
……
25. Key Mergers And Acquisitions In The Meat, Poultry And Seafood Market
26. Top Meat, Poultry And Seafood Companies
27. Meat, Poultry And Seafood Market Opportunities And Strategies
28. Meat, Poultry And Seafood Market, Conclusions And Recommendations
29. Appendix

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