Meat Market 2019-2028
New Market Study, Report “Meat Market 2019 Global Industry Demand, Opportunities, Growth Drivers, Challenges, Strategies and Forecasts 2028” Has been Added on WiseGuyReports.com.
Food Market Growth with Increased Consumption of Meat
This report provides in depth study of “Meat Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Meat Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Meat or animal flesh has been a major food for mankind since time immemorial. The meat consumption pattern has shown steady growth over the years. For almost a decade Asia has overtaken Europe and North America in the volume of meat production. Australia, the U.S, Argentina, Uruguay and Brazil are some of the leading countries in terms of per person meat consumption amount. The global meat market size is estimated to be over 945 billion U.S. dollar at present and it is likely to maintain a growth trajectory in the years ahead.
The per capita meat consumption globally, expressed in retail weight was 34 in 2013. The figure is set to cross 35 in 2022. The consumption is higher in developed countries as compared to poor or underdeveloped countries. Religious and cultural factors also create variation in meat consumption pattern across countries. The consumption of poultry or white meat is growing steadily and it now constitutes the largest share of the global meat market. Red meat, which includes pork and beef has approximately 33 percent global meat market share.
Poultry is getting popular in developing countries and the consumption as well as production are rising in these countries. The countries contributing to the growth of poultry market are China, Brazil and other Southeast Asian and Latin American countries. It is construed that population growth, rising income level and changing food habits have helped the poultry meat market to grow. The U.S is the largest consumer and also the largest producer of beef. Other leading beef producing geographies are Brazil, the European Union and China. China is the world’s largest pork producer as well as consumer. Nearly half of the world’s pork consumption takes place in China.
When it comes about the key players of the industry, the names like WH Group, JBS, Tyson Foods, Kraft Heinz, Cargill, ConAgra Foods, BRF SA, OSI Group, Toennies, Charoen Pokphand Group, Hormel Foods, Danish Crown, Nippon Ham, Seaboard Corporation, Itoham Foods, New Hope Group, Jinluo, Cremonini, Yurun Group., etc.
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The global meat market may be divided based on the type such as white meat-poultry, and red meat which includes pork, beef and goat meat. The segmentation is also done based on marketing channels used. The market can also be classified based on geographical regions such as North America, Europe, Asia Pacific, Middle East, Africa and Latin America. There are a number of global players in the business of marketing processed meat. A livestock farmer may exercise the option of going to a wholesaler or selling directly in the market. However the marketing channels and the extent of consumption of processed meat vary in different geographies.
Meat is the largest farm based activity in the United States. European Union or EU is a big exporter of red meat worldwide. EU pork is high in demand in China. It exports beef to Turkey, Hong Kong and Algeria. EU countries import beef from Brazil, Argentina and the U.S. Eating beef is a taboo in Hindu religious belief thereby impacting meat consumption pattern in India. Similarly pork is strictly prohibited in Islamic countries. It is estimated that the meat market may decline in Asia-Pacific, Middle East and Africa regions in the coming years.
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Latest Industry News
The latest news regarding African Swine Fever or ASF may adversely impact the pork market growth as per media reports.
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