This report describes and evaluates the global meat products market. It covers three five-year periods: 2016-2021, termed the historic period, 2021-2026, the forecast period, and 2026-2031 the forecast period.
The global meat products market reached a value of nearly $1,091.4 billion in 2021, having increased at a compound annual growth rate (CAGR) of 9.4% since 2016. The market is expected to grow at a CAGR of 7.2% from 2021 to reach $1,546.0 billion in 2026. The global meat products market is expected to reach $2,094.5 billion in 2031, at a CAGR of 6.3%.
Growth in the historic period resulted from increased demand for flavored meat products, low interest rates, a rise in disposable income, and emerging markets growth. Factors that negatively affected growth in the historic period were shortage of labor and geo-political tensions.
Going forward, a rise in global population and continued technology development are expected to be the major drivers of the market. Factors that could hinder the growth of the meat products market in the future include carcinogenic effects of processed meat, climate change and global warming, increased preference of poultry and impact of COVID-19.
The meat products market is segmented by type into pork, mutton, beef and other meat products. The beef market was the largest segment of the meat products market segmented by type, accounting for 44.5% of the total in 2021. The pork market is expected to be the fastest growing segment, at a CAGR of 8.7% during 2021-2026.
The meat products market is also segmented by distribution channel into supermarkets/hypermarkets, convenience stores, e-commerce, and others. The supermarkets/hypermarkets market was the largest segment of the meat products market segmented by distribution channel, accounting for 50.2% of the total in 2021. The e-commerce market is expected to be the fastest growing segment, at a CAGR of 15.8% during 2021-2026.
The meat products market is also segmented by product type into chilled, frozen and canned/preserved. The canned/preserved market was the largest segment of the meat products market segmented by product type, accounting for 52.7% of the total in 2021. The chilled market is expected to be the fastest growing segment, at a CAGR of 8.1% during 2021-2026.
The meat products market is also segmented by nature into organic and conventional. The conventional market was the largest segment of the meat products market segmented by end-use, accounting for 95.3% of the total in 2021. The organic market is expected to be the fastest growing segment, at a CAGR of 13.9% during 2021-2026.
Asia Pacific was the largest region in the global meat products market, accounting for 50.8% of the total in 2021. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the meat products market will be Africa and South America where growth will be at CAGRs of 9.2% and 9.0% respectively.
The meat products market is fairly fragmented with a large number of players in the market. The top ten competitors in the market made up to 12.69% of the total market in 2021. Major players in the market include JBS S.A., Tyson Foods Inc., WH Group, Marfrig Global Foods S.A., Danish Crown and others.
The top opportunities in the meat products market segmented by type will arise in the pork segment, which will gain $248.6 billion of global annual sales by 2026. The top opportunities in the meat products market segmented by distribution channel will arise in the supermarkets/hypermarkets segment, which will gain $216.4 billion of global annual sales by 2026. The top opportunities in the meat products market segmented by product type will arise in the canned/preserved segment, which will gain $254.9 billion of global annual sales by 2026. The top opportunities in the meat products market by nature will arise in conventional market, which will gain $407.2 billion by 2026. The meat products market size will gain the most in China at $192.6 billion.
Market-trend-based strategies for the meat products market include investing in robotics technology, considering making new ready-to-eat variants, considering producing plant based alternatives to lessen environmental impact, considering integrating 3D imaging systems, investing in virtual reality to increase the efficiency, considering offering online delivery services, considering artificial intelligence technology to increase productivity of meat processing and quality and safety of the meat product, monitoring developments in cultured meat technology, and exploit transformational opportunities from the developments in nanotechnology in the food industry.
Player adopted strategies include strategic acquisition of emerging, strategic partnership, expanding its product portfolio, through establishment of new processing and facilities, enhancing its operational capabilities, and through investments in new automation technologies.
To take advantage of the opportunities, The Business Research Company recommends the meat products companies to focus on ready-to-eat meals, offer plant-based meat products, invest in robotics technology, increase the use of 3D imaging systems, focus on nanotechnology in meat production, focus extensively on emerging economies, expand in developed markets, offer competitively priced products, target local retail stores and supermarkets, focus on prime shelf positions in stores, leverage social media, focus on offering meat products through online channels and target health-conscious population.
The global meat products market reached a value of nearly $1,091.4 billion in 2021, having increased at a compound annual growth rate (CAGR) of 9.4% since 2016. The market is expected to grow at a CAGR of 7.2% from 2021 to reach $1,546.0 billion in 2026. The global meat products market is expected to reach $2,094.5 billion in 2031, at a CAGR of 6.3%.
Growth in the historic period resulted from increased demand for flavored meat products, low interest rates, a rise in disposable income, and emerging markets growth. Factors that negatively affected growth in the historic period were shortage of labor and geo-political tensions.
Going forward, a rise in global population and continued technology development are expected to be the major drivers of the market. Factors that could hinder the growth of the meat products market in the future include carcinogenic effects of processed meat, climate change and global warming, increased preference of poultry and impact of COVID-19.
The meat products market is segmented by type into pork, mutton, beef and other meat products. The beef market was the largest segment of the meat products market segmented by type, accounting for 44.5% of the total in 2021. The pork market is expected to be the fastest growing segment, at a CAGR of 8.7% during 2021-2026.
The meat products market is also segmented by distribution channel into supermarkets/hypermarkets, convenience stores, e-commerce, and others. The supermarkets/hypermarkets market was the largest segment of the meat products market segmented by distribution channel, accounting for 50.2% of the total in 2021. The e-commerce market is expected to be the fastest growing segment, at a CAGR of 15.8% during 2021-2026.
The meat products market is also segmented by product type into chilled, frozen and canned/preserved. The canned/preserved market was the largest segment of the meat products market segmented by product type, accounting for 52.7% of the total in 2021. The chilled market is expected to be the fastest growing segment, at a CAGR of 8.1% during 2021-2026.
The meat products market is also segmented by nature into organic and conventional. The conventional market was the largest segment of the meat products market segmented by end-use, accounting for 95.3% of the total in 2021. The organic market is expected to be the fastest growing segment, at a CAGR of 13.9% during 2021-2026.
Asia Pacific was the largest region in the global meat products market, accounting for 50.8% of the total in 2021. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the meat products market will be Africa and South America where growth will be at CAGRs of 9.2% and 9.0% respectively.
The meat products market is fairly fragmented with a large number of players in the market. The top ten competitors in the market made up to 12.69% of the total market in 2021. Major players in the market include JBS S.A., Tyson Foods Inc., WH Group, Marfrig Global Foods S.A., Danish Crown and others.
The top opportunities in the meat products market segmented by type will arise in the pork segment, which will gain $248.6 billion of global annual sales by 2026. The top opportunities in the meat products market segmented by distribution channel will arise in the supermarkets/hypermarkets segment, which will gain $216.4 billion of global annual sales by 2026. The top opportunities in the meat products market segmented by product type will arise in the canned/preserved segment, which will gain $254.9 billion of global annual sales by 2026. The top opportunities in the meat products market by nature will arise in conventional market, which will gain $407.2 billion by 2026. The meat products market size will gain the most in China at $192.6 billion.
Market-trend-based strategies for the meat products market include investing in robotics technology, considering making new ready-to-eat variants, considering producing plant based alternatives to lessen environmental impact, considering integrating 3D imaging systems, investing in virtual reality to increase the efficiency, considering offering online delivery services, considering artificial intelligence technology to increase productivity of meat processing and quality and safety of the meat product, monitoring developments in cultured meat technology, and exploit transformational opportunities from the developments in nanotechnology in the food industry.
Player adopted strategies include strategic acquisition of emerging, strategic partnership, expanding its product portfolio, through establishment of new processing and facilities, enhancing its operational capabilities, and through investments in new automation technologies.
To take advantage of the opportunities, The Business Research Company recommends the meat products companies to focus on ready-to-eat meals, offer plant-based meat products, invest in robotics technology, increase the use of 3D imaging systems, focus on nanotechnology in meat production, focus extensively on emerging economies, expand in developed markets, offer competitively priced products, target local retail stores and supermarkets, focus on prime shelf positions in stores, leverage social media, focus on offering meat products through online channels and target health-conscious population.
Table of Contents
1. Meat Products Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction
7. Meat Products Market Characteristics
9. Meat Products Market Supply Chain Analysis
10. Meat Products Market Customer Information
11. Meat Products Market Trends And Strategies
12. Impact Of COVID-19 On The Meat Products Market
13. Global Meat Products Market Size And Growth
14. Meat Products Market, Regional Analysis
15. Global Meat Products Market Segmentation
16. Global Meat Products Market Comparison with Macro Economic Factors
17. Asia-Pacific Meat Products Market
18. Western Europe Meat Products Market
19. Eastern Europe Meat Products Market
20. North America Meat Products Market
21. South America Meat Products Market
22. Middle East Meat Products Market
23. Africa Meat Products Market
24. Global Meat Products Market Competitive Landscape
25. Key Mergers And Acquisitions In The Meat Products Market
26. Market Background: Meat, Poultry And Seafood Market
27. Global Meat Products Opportunities And Strategies
28. Meat Products Market, Conclusions And Recommendations
29. Appendix
Executive Summary
Meat Products Global Market Opportunities And Strategies To 2031: COVID-19 Impact and Recovery provides the strategists; marketers and senior management with the critical information they need to assess the global meat products market as it emerges from the COVID 19 shut down.
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Description:
Where is the largest and fastest growing market for meat products? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The meat products market global report answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider meat products market; and compares it with other markets.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report.
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - This section gives the segmentation of the meat products market by geography, by type, by distribution channel, by product type, and by nature covered in this report.
- Market Characteristics - The market characteristics section of the report defines and explains the meat products market. This chapter includes different goods covered in the report and basic definitions.
- Product Analysis - The product analysis section of the report describes the leading products in the market along with key features and differentiators for those products.
- Supply Chain - The supply chain section of the report defines and explains the key players in the meat products industry supply chain.
- Customer Information - This chapter covers recent customers’ trends/preferences in the global meat products market.
- Trends And Strategies - This chapter describes the major trends shaping the global meat products market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- COVID-19 Impact - This chapter describes the impact of the COVID-19 pandemic on the meat products market.
- Global Market Size And Growth - This section contains the global historic (2016-2021) and forecast (2021-2026F, 2031F) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2016-2021), forecast (2021-2026F, 2031F) market value and growth and market share comparison by region.
- Segmentation - This section contains the market values (2016-2021, 2021-2026F, 2031F) and analysis for different segments in the market.
- Global Macro Comparison - The global meat products market comparison with macro-economic factors gives the meat products market size, percentage of GDP, and average audio and video equipment market expenditure.
- Regional Market Size and Growth - This section contains the region’s market size (2021), historic and forecast (2021-2026F, 2031F) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa).
- Competitive Landscape - This section covers details on the competitive landscape of the global meat products market, estimated market shares and company profiles of the leading players.
- Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Background - This section describes the poultry and meat products market of which the meat products market is a segment. This chapter includes the poultry and meat products market 2015-25 values, and regional analyses for the poultry and meat products market.
- This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for meat products providers in terms of product offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
- 1) By Type: Pork; Mutton; Beef; Others
- 2) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Others
- 3) By Product Type: Chilled; Frozen; Canned/Preserved
- 4) By Nature: Organic; Conventional
Companies Mentioned:
JBS S.A.; Tyson Foods Inc.; WH Group; Marfrig Global Foods; S.A. Danish Crown; NH Foods Ltd.
Countries:
Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions:
Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series:
Five years historic and ten years forecast.
Data:
Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; meat products indicators comparison.
Data segmentations:
country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing:
Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- JBS S.A.
- Tyson Foods Inc.
- WH Group
- Marfrig Global Foods
- S.A. Danish Crown
- NH Foods Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 346 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1091.4 Billion |
| Forecasted Market Value ( USD | $ 2094.5 Billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
