Global Meat, Poultry and Seafood Market Size, Share, Growth Analysis, By Type(Meat ), By Product, By Distribution Channel - Industry Forecast 2024-2031

Global Meat, Poultry and Seafood Market size was valued at USD 1.31 trillion in 2022 and is poised to grow from USD 1.35 trillion in 2023 to USD 1.74 trillion by 2031, growing at a CAGR of 3.18% during the forecast period (2024-2031).

The market is expanding quickly due to shifting consumer tastes for healthier and more environmentally friendly food products as well as rising demand for foods high in protein. Due to factors such the growing worldwide population, rising disposable income, and rising consumer knowledge of the nutritional benefits of meat, poultry, and seafood products, the market is anticipated to rise steadily during the forecast period. The market is expanding due to several factors, one of which is the rising demand for natural and organic meat, poultry, and seafood products. Customers are searching for items devoid of hormones and artificial ingredients as they become more health conscious. Furthermore, there is a growing trend among customers to favor food goods that are obtained locally and sustainably.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Meat, Poultry and Seafood Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Meat, Poultry and Seafood Market Segmental Analysis

Global Meat, Poultry and Seafood Market is segmented based on type, product, distribution channel, and region. Based on type, the market can be segmented into meat, poultry, and seafood. The meat segment is further sub-segmented into beef, pork, lamb, and others. The poultry segment is sub-segmented into chicken, turkey, and others. The seafood segment is sub-segmented into fish, crustaceans, and others. Based on product, the market can be segmented into processed and uncured meat, fresh and frozen seafood, and processed poultry. Based on the distribution channel, the market can be segmented into supermarkets and hypermarkets, convenience stores, online retailers, and others. Based on region the global Meat, Poultry and Seafood Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Meat, Poultry and Seafood Market

The shifting dietary patterns of individuals worldwide are a significant factor driving the global market for meat, poultry, and fish. An increasing number of individuals are consuming meat, poultry, and fish items due to rising income levels and growing understanding of the advantages of a diet high in protein. The demand for meat, poultry, and fish is also being driven by the increasing popularity of Western-style fast food restaurants and the ease of use of packed and ready-to-eat meat products.

Restraints in the Global Meat, Poultry and Seafood Market

The growing knowledge of the harmful effects of ingesting large amounts of meat, poultry, and fish on one's health is one of the primary factors limiting the global market for these items. For example, a high consumption of red meat has been associated with a higher risk of cancer, heart disease, and other illnesses. As a result, an increasing number of customers are cutting back on their meat intake or moving to plant-based goods as alternative protein sources. This could have a negative impact on the market for items that include meat, poultry, and fish.

Market Trends of the Global Meat, Poultry and Seafood Market

Consumers are becoming increasingly aware of the environmental impact of the meat, poultry, and seafood industry. This has led to a growing focus on sustainability and ethical practices in the industry, with several players adopting environmentally friendly practices such as reducing their carbon footprint, minimizing waste, and using renewable energy sources.