Pork Meat Global Market Report 2024

The pork meat market size has grown strongly in recent years. It will grow from $372.78 billion in 2023 to $400.21 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth observed in the historical period can be attributed to factors such as population growth and urbanization, income levels and affordability, cultural and dietary preferences, as well as the development of retail and distribution networks, and the impact of global trade and export.

The pork meat market size is expected to see strong growth in the next few years. It will grow to $524.87 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The anticipated growth in the forecast period can be attributed to changing dietary patterns, the rise in the global population, trends in health and nutrition, economic development in emerging markets, and the influence of government regulations and trade policies. Key trends expected during this period encompass traceability and transparency in the supply chain, the integration of technology in pork processing, the globalization of pork trade and export markets, the adoption of plant-based and alternative pork products, and innovation in packaging and labeling for convenience.

The anticipated growth in the pork meat market is driven by the expanding food and beverage industry. The food and beverage sector encompasses businesses involved in processing, packaging, and distributing both fresh and packaged foods, along with alcoholic and non-alcoholic beverages. Pork is recognized as a valuable source of high-quality protein, essential for human health due to its rich amino acid content. A report by Statistics Sweden in September 2022 revealed a 2.9 percent growth in revenue from food and beverage sales, reaching $29.85 billion (SEK 334 billion), attributed to a 2.5 percent increase in sales volume and a 0.4 percent rise in food and beverage prices. Consequently, the burgeoning food and beverage sector is a driving force behind the growth of the pork meat market.

The increasing awareness of health and fitness is expected to further boost the growth of the pork meat market. Health and fitness collectively refer to overall well-being and physical condition, and the nutritional value of lean pork cuts aligns with consumer preferences for protein-rich diets promoting muscle health. A survey report by Nutrisystem in January 2022 revealed that 53% of 2,000 participants aimed to lose weight in 2022, with an average target of 14 pounds. This underscores the growing emphasis on health and fitness, driving the demand for pork meat.

A notable trend in the pork meat market is the expansion of facilities by manufacturers to meet the demand for cultivated pork. For example, Meatable, a Netherlands-based producer of cell-based meat, announced a 3,300 m2 facility expansion in November 2023, enabling a 900% increase in production scale for cultivated pork. The enhanced facility in Leiden, the Netherlands, now has double the lab and office space, allowing Meatable to elevate bioreactor capacity and potentially expand further to meet market demands.

Major companies in the pork meat market are innovating by developing alternative products, such as pork alternatives, to cater to a wider consumer base, drive sales, and increase revenue. Pork alternatives replicate the taste, texture, and nutritional profile of traditional pork but are made from non-animal sources. Lypid, a US-based food-tech startup, introduced plant-based pork belly in April 2023, incorporating PhytoFat technology to transform plant oils into animal-such as fats. This innovation successfully mimics the taste and texture of traditional pork belly, offering consumers a premium meat-free experience.

In August 2021, JBS S.A., a Brazil-based meat processing company, acquired Rivalea Holdings Pty. Ltd. for an undisclosed amount. This strategic acquisition expands JBS' product portfolio in Australia, allowing increased volumes of value-added pork products in segments such as Primo ham, bacon, and small businesses, as well as providing additional opportunities for domestic and international pork sales. Rivalea Holdings Pty. Ltd. is an Australia-based company specializing in pork meat production.

Major companies operating in the pork meat market report are Cargill Incorporated, JBS S.A., Sysco Corporation, Danish Crown, Tyson Foods Inc., WH Group Limited, Smithfield Foods Inc., Hormel Foods Corporation, Conagra Brands Inc., BRF S.A., Tönnies Holding, Minerva Foods SA, Vion Food Group, Vion NV, Maple Leaf Foods, Cranswick PLC, Cherkizovo, Triumph Foods, Johnsonville LLC, Clemens Food Group, Craig Mostyn & Co Pty Ltd., China Yurun Food Group Limited, Bridgford Foods Corporation, AJC International Inc., NH Foods Ltd., Globex International Inc., Grove Services Inc., Compart Family Farms, Boston Agrex Inc., Dawn Meats.

Asia-Pacific was the largest region in the pork meat market in 2023. The regions covered in the pork meat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pork meat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary categories of pork meat include chilled, frozen, and canned/preserved. Chilled pork meat involves cooling the meat within 48 hours of slaughter to temperatures below 0 °C without freezing and subsequently storing it at these temperatures for an extended period. Various packaging options are available, including store wrap, modified atmosphere packaging, vacuum packaging, and shrink bags. These products are distributed through various channels such as supermarkets/hypermarkets, convenience stores, e-commerce, and others.

The pork meat market research report is one of a series of new reports that provides pork meat market statistics, including pork meat industry global market size, regional shares, competitors with a pork meat market share, detailed pork meat market segments, market trends and opportunities, and any further data you may need to thrive in the pork meat industry. This pork meat market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The pork market consists of sales of frozen pork meat, fresh/ chilled pork meat, canned pork meat, and other pork meat. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.