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Sheep Meat Market is anticipated to touch US$ 8.6 Bn at a CAGR of 3.7% from 2023 to 2032

02-22-2023 09:55 AM CET | IT, New Media & Software

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Sheep Meat Market is anticipated to touch US$ 8.6 Bn at a CAGR

From 2021 to 2028, the market for sheep meat is projected to rise at a CAGR of 3.7% from its 2020 valuation of USD 8.6 billion. The market's expansion is attributable to two factors: the rising need for high-quality protein sources and the expanding acceptance of sheep meat as a wholesome diet.

With a market share of more than 70%, the lamb category commands the greatest share of the sheep meat industry. Because to its tenderness and mild flavour, lamb is preferred to mutton and is frequently used in a variety of cuisines, including Middle Eastern and Mediterranean.

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Lamb or mutton, which are other names for sheep meat, is a prevalent protein source and is eaten all around the world. The market for sheep meat has been expanding significantly in recent years as a result of factors such changing dietary preferences, rising disposable income, and population growth.

With a market share of more than 50%, the fresh sheep meat segment is the largest in the sheep meat industry. Due to its superior flavour and texture, fresh sheep meat is favoured over frozen sheep meat. In the upcoming years, the frozen sheep meat market is anticipated to expand significantly due to rising convenience demand and the expanding popularity of online grocery shopping.

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With more than 50% of the market share, the retail sector is the main distribution route for sheep meat. Supermarkets, hypermarkets, and specialty shops all sell sheep meat. Due to the rising demand for lamb and mutton dishes in restaurants and hotels, the foodservice segment is another one of the market's expanding segments.

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Key Players :

Major players in the Sheep Meat Segment are Samex Australian Meat Co Pty Ltd., Southern Meats Pty Ltd, Ararat Meat exports, JBS U.S., McPhee Bros (Exports) Pty Ltd are some to name a few.

Sheep Meat Market Segments
Sheep Meat Market Dynamics
Historical Actual Market Size, 2015-2016
Sheep Meat Market Size & Forecast 2017 To 2027
Sheep Meat Market Supply & Demand Value Chain
Sheep Meat Market Current Trends/Issues/Challenges
Players Competition & Companies Involved in Sheep Meat market
Sheep Meat Market Technology
Sheep Meat Market Value Chain
Sheep Meat Market Drivers and Restraints

Related Reports:

Sugar-free Confectionery Market :https://www.persistencemarketresearch.com/market-research/sugar-free-confectionery-market.asp

Potato Snacks Market : https://www.persistencemarketresearch.com/market-research/potato-snacks-market.asp

Lecithin Market : https://www.persistencemarketresearch.com/market-research/lecithin-market.asp

Related Sources : 

Kosher Food Market : http://xherald.com/food/kosher-food-market-expected-to-generate-a-revenue-of-us-4-7bn-by-2032-end-globally-at-10-cagr/

Frozen Fruits Market : http://xherald.com/food/frozen-fruits-market-sales-are-predicted-to-be-worth-us-2-6-bn-by-the-end-of-the-year-2032/ 

Bromelain Market : http://xherald.com/food/at-a-cagr-4-3-bromelain-market-is-expected-to-reach-over-usd-8-7-bn-by-2030/

Contact Us :

Persistence Market Research
305 Broadway,7th Floor New York City, NY 10007 United States
Call +1-646-568-7751
Call +1 800-961-0353
sales@persistencemarketresearch.com

About Us :

About Food & Beverage Division at Persistence Market Research

The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

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