PUBLISHER: Allied Market Research | PRODUCT CODE: 1140161
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140161
The global meat products market was valued at $274.7 billion in 2021 and is projected to reach $387.6 billion by 2030, growing at a CAGR of 3.95% from 2022 to 2030.
Increasing consumption of red meat is one of the factors fueling the meat products market growth. Pork is one of the most commonly consumed red meats. Cured or preserved pork products are commonly eaten. Smoked pork, sausage, ham, and sausage rolls can be examples. Furthermore, it is the third most expensive meat in the United States. Pork industry in the United States was 12,842 metric tons in 2020, according the United States Department of Agriculture (USDA). At thte same time, China was the leader, with 36,340 metric tons generated in the same year. Middle-income countries, particularly East Asian countries, consume more red meat, along with countries like the United States, Australia, and the United Kingdom.
Certain types of meat are only available during certain seasons. Manufacturers are working on trying to introduce multiple kinds of frozen items in the category to increase production for meat products and resolve seasonality issues. Changes in lifestyles around the world, as well as a rising demand for prepared food, are the primary factors driving the demand globally. Growing working population, rising per capita income in developing economies, and market growth for meat product are expected to drive the above market's growth during the forecast period.
Disadvantages related to high consumption of meat, such as heart conditions and the risk of developing cancer, may have a negative impact on the market during the forecast period. Furthermore, some meat, such as processed meat, is harmful to humans, according to the World Health Organization (WHO). It is revealed that eating processed meat may increase your risk of developing colon cancer. The cancer is caused by the use of several chemicals in the processing and preservation of meat. This is a significant impediment to the growth of the global market for meat products.
The global meat products market is segmented on the basis of processed meat type, meat type, packaging, and region. By processed meat type, market has been divided into hamburgers, sausages, kebabs and nuggets. By meat, the analysis has been divided into beef, pork, chicken, mutton, and other. By packaging, the analysis has been divided into chilled, frozen, and canned. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include: 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, and Tyson Foods.
By Processed Meat Type
By Meat Type
By Packaging
By Region
By Processed Meat Type
By Meat Type
By Packaging
By Region