The global meat products market was valued at $274.7 billion in 2021 and is projected to reach $387.6 billion by 2030, growing at a CAGR of 3.95% from 2022 to 2030.
Increasing consumption of red meat is one of the factors fueling the meat products market growth. Pork is one of the most commonly consumed red meats. Cured or preserved pork products are commonly eaten. Smoked pork, sausage, ham, and sausage rolls can be examples. Furthermore, it is the third most expensive meat in the United States. Pork industry in the United States was 12,842 metric tons in 2020, according the United States Department of Agriculture (USDA). At thte same time, China was the leader, with 36,340 metric tons generated in the same year. Middle-income countries, particularly East Asian countries, consume more red meat, along with countries like the United States, Australia, and the United Kingdom.
Certain types of meat are only available during certain seasons. Manufacturers are working on trying to introduce multiple kinds of frozen items in the category to increase production for meat products and resolve seasonality issues. Changes in lifestyles around the world, as well as a rising demand for prepared food, are the primary factors driving the demand globally. Growing working population, rising per capita income in developing economies, and market growth for meat product are expected to drive the above market's growth during the forecast period.
Disadvantages related to high consumption of meat, such as heart conditions and the risk of developing cancer, may have a negative impact on the market during the forecast period. Furthermore, some meat, such as processed meat, is harmful to humans, according to the World Health Organization (WHO). It is revealed that eating processed meat may increase your risk of developing colon cancer. The cancer is caused by the use of several chemicals in the processing and preservation of meat. This is a significant impediment to the growth of the global market for meat products.
The global meat products market is segmented on the basis of processed meat type, meat type, packaging, and region. By processed meat type, market has been divided into hamburgers, sausages, kebabs and nuggets. By meat, the analysis has been divided into beef, pork, chicken, mutton, and other. By packaging, the analysis has been divided into chilled, frozen, and canned. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report 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, and Tyson Foods.
Increasing consumption of red meat is one of the factors fueling the meat products market growth. Pork is one of the most commonly consumed red meats. Cured or preserved pork products are commonly eaten. Smoked pork, sausage, ham, and sausage rolls can be examples. Furthermore, it is the third most expensive meat in the United States. Pork industry in the United States was 12,842 metric tons in 2020, according the United States Department of Agriculture (USDA). At thte same time, China was the leader, with 36,340 metric tons generated in the same year. Middle-income countries, particularly East Asian countries, consume more red meat, along with countries like the United States, Australia, and the United Kingdom.
Certain types of meat are only available during certain seasons. Manufacturers are working on trying to introduce multiple kinds of frozen items in the category to increase production for meat products and resolve seasonality issues. Changes in lifestyles around the world, as well as a rising demand for prepared food, are the primary factors driving the demand globally. Growing working population, rising per capita income in developing economies, and market growth for meat product are expected to drive the above market's growth during the forecast period.
Disadvantages related to high consumption of meat, such as heart conditions and the risk of developing cancer, may have a negative impact on the market during the forecast period. Furthermore, some meat, such as processed meat, is harmful to humans, according to the World Health Organization (WHO). It is revealed that eating processed meat may increase your risk of developing colon cancer. The cancer is caused by the use of several chemicals in the processing and preservation of meat. This is a significant impediment to the growth of the global market for meat products.
The global meat products market is segmented on the basis of processed meat type, meat type, packaging, and region. By processed meat type, market has been divided into hamburgers, sausages, kebabs and nuggets. By meat, the analysis has been divided into beef, pork, chicken, mutton, and other. By packaging, the analysis has been divided into chilled, frozen, and canned. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report 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, and Tyson Foods.
Key Market Segments
By Processed Meat Type
- Hamburger
- Sausage
- kebabs
- Nuggets
By Meat Type
- Beef
- Pork
- Chicken
- Mutton
- Other
By Packaging
- Chilled
- Frozen
- Canned
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- Cargill, Incorporated
- Hormel Foods Corporation.
- JBS S/A
- American Foods Group, LLC
- Koch Foods
- OSI Group
- Perdue Farms
- Smithfield Foods, Inc.
- Tyson Foods, Inc.
- Swiss Meat & Sausages Co.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: MEAT PRODUCTS MARKET, BY PROCESSED MEAT TYPE
CHAPTER 5: MEAT PRODUCTS MARKET, BY MEAT TYPE
CHAPTER 6: MEAT PRODUCTS MARKET, BY PACKAGING
CHAPTER 7: MEAT PRODUCTS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Meat Products Market," the global meat products market size was $274.70 billion in 2021, and is estimated to reach $387.60 billion by 2030, growing at a CAGR of 3.95% from 2022 to 2030.The massive growth of the global meat products industry can be attributed primarily to rising demand for ready-to-eat meat products with high nutritional value, such as high protein content and low cholesterol and calorific values, without sacrificing the product's flavor and taste profile. In the coming years, this is expected to spark a wave of ready-to-eat meat innovation, boosting industry growth. The growing popularity of processed poultry may open up new market opportunities and accelerate the global meat products market growth in the future. Furthermore, processed poultry meat is made from poultry meat that has been processed and treated to increase shelf life and flavor. In these processes, chemical preservatives such as sodium nitrite are used. Processed poultry has become more popular than other meats such as hog and beef due to its high protein content and low price. Thus, due to high protein content in processed poultry, the demand for meat products have increased among people, worldwide, which has further provided growth scope for global meat products market trends.
The global meat product market is segmented on the basis of processed meat type, meat type, packaging and region. By processed meat type, market has been divided into hamburgers, sausages, kebabs, and nuggets. By meat type, the analysis has been divided into beef, pork, chicken, mutton, and other. By packaging, the analysis has been divided into chilled, frozen, and canned. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report 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, and Tyson Foods.
The report focuses on the global meat products market analysis and the major products & applications, where meat products are used. It further highlights numerous factors that influence the global meat products market forecast, such as trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on the overall global meat product market share in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.
IMPACT OF COVID-19 ON THE GLOBAL MEAT PRODUCTS MARKET
- The global meat products market is expected to contract as a result of the COVID-19 pandemic. Because of total lockdown situations, a decline in labor force, restrictions on animal movement within and across the country, and changes in domestic and international export sector regulations, meat producers and processors have had to face difficulties harvesting and exporting their products.
- These conditions had a negative impact on the meat industry because of the reduction in meat production, processing, and distribution facilities. It is proposed that collaboration among all meat industry stakeholders is critical for the long-term viability of the sector's supply chain in the face of potentially disastrous future conditions.
- Furthermore, the COVID-19 virus spread quickly among meat plant workers due to constant contact with infected coworkers, inability to follow social distance at work, shared working areas, and common transit ways to and from work.
Key Findings of the Study
- On the basis of processed meat type, the hamburger segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
- On the basis of meat type, the pork meat product segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
- On the basis of packaging, the chilled meat product segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
- On the basis of region, Asia-Pacific is projected to have the fastest growing market during the forecast period.
Companies Mentioned
- Cargill, Incorporated
- Hormel Foods Corporation.
- Jbs S/A
- American Foods Group, LLC
- Koch Foods
- Osi Group
- Perdue Farms
- Smithfield Foods, Inc.
- Tyson Foods, Inc.
- Swiss Meat & Sausages Co.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 180 |
| Published | June 2022 |
| Forecast Period | 2021 - 2030 |
| Estimated Market Value ( USD | $ 274.7 billion |
| Forecasted Market Value ( USD | $ 387.6 billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
