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The global meat market was valued at US$ 1.33 Trillion in 2021.
We expect the global meat market to exhibit a CAGR of 3.10% during 2022-2027.
The increasing development of additive- and chemical-free meat, along with the emergence of
numerous meat-based food products, is currently driving the global meat market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase
of meat-based products.
Based on the type, the global meat market can be categorized into raw and processed. Currently,
raw meat exhibits clear dominance in the market.
Based on the product, the global meat market has been segmented into chicken, beef, pork, mutton,
and others. Among these, chicken currently represents the largest market share.
Based on the distribution channel, the global meat market can be bifurcated into supermarkets and
hypermarkets, departmental stores, specialty stores, online stores, and others. Currently,
supermarkets and hypermarkets account for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global meat market 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, Tyson Foods Inc., Vion Food Group, and WH Group Limited.
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