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. 

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:

• 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:

• 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: