Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4822
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Market Overview:

The global meat market size reached US$ 1.4 Trillion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.6 Trillion by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.

Meat refers to the flesh and other parts of a bird or an animal that are consumed as food. It is usually obtained from rabbits, chickens, cows, sheep, pigs, goats, lamb, duck and deer. It includes the muscle tissue of animals and is available in fresh and processed variants. Meat consists of the connective tissues, skeletal muscles, bones and fats and are widely consumed due to the tenderness and rich flavor. It is a rich source of essential minerals, proteins, fats, vitamins, bioactive compounds, amino acids, carbohydrates and fatty acids. Regular consumption of meat can aid in strengthening bones, muscles, enhancing metabolism, brain function, improving heart health and controlling blood sugar levels. 

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Meat Market Trends:

The rising health consciousness among the masses, along with the increasing demand for animal-sourced protein, is one of the key factors driving the market growth. With the changing dietary habits, the consumer preference is rapidly shifting toward food products with low fat and calorie content and high protein value. Additionally, the increasing utilization of meat in the food industry is favoring the market growth. Meat-based burgers, hotdogs, sausages, fillets and steak stews are widely served across cafes and restaurants to provide the consumers with authentic and multi-cuisine dishes. Moreover, various technological advancements, such as the utilization of robotics and automation technology for the processing of meat, are providing a thrust to the market growth. These technologies automate butchering, cutting and monitoring processes and aid in preventing contamination, enhancing production efficiency and minimizing cycle time. In line with this, various product innovations, such as the development of additive- and chemical-free meat, are positively impacting the market growth. Other factors, including the increasing consumption of processed poultry and pork meat, along with the rising expenditure capacities of consumers, are anticipated to drive the market toward growth. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global meat market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, product and distribution channel.

Breakup by Type:

 

 
 

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  • Raw
  • Processed
     

Breakup by Product:

  • Chicken
  • Beef
  • Pork
  • Mutton
  • Others
     

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Departmental Stores
  • Specialty Stores
  • Online Stores
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the top meat companies being 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, Tyson Foods Inc., Vion Food Group and WH Group Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Trillion
Segment Coverage Type, Product, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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, Tyson Foods Inc., Vion Food Group and WH Group Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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