Meat, Poultry And Seafood Market Size, Share, Growth, Trends And Forecast 2023-2032 | Major Players: JBS S.A., Tyson Foods Inc., Marfrig Global Foods, WH Group Limited, NH Foods Ltd.

As per The Business Research Company's Meat, Poultry And Seafood Opportunities And Strategies Market Report 2023, the global meat, poultry and seafood market size grew from $1,505.1 billion in 2022 to $1,617.36 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global meat, poultry and seafood market size is expected to grow to $2069.85 billion in 2027 at a CAGR of 6.4%.

The world's population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food. According to "The Agricultural Outlook" by the OECD and FAO, global cereal production is projected to increase by 13% by 2027. Crop production, farming activities, and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for meat, poultry, and seafood products due to the rising population during the forecast period.

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Poultry processing companies are increasingly using 3D imaging systems to ptimize yields. 3D imaging systems model the poultry bird using sensors and actuators to determine the position of the cut. The bird is put under the vision system, which takes the images and measurements, and the geometry is determined. Near-infrared sensors determine the amount of meat and bone present in the bird. Vision analysis enables the system to perform optimal cuts for each bird regardless of its size and shape. It is a data-driven process that maximises the yield and minimises the per unit cost for poultry meat processing. Major companies involved in pioneering this technology include Gainco, a meat and poultry equipment manufacturer, and Midwest Machine LLC.

Meat, Poultry And Seafood Market Segmentation:
The meat, poultry and seafood market is segmented by type, by distribution channel and by type of nature.
By Type -
a) Meat Products
b) Poultry
c) Seafood

By Distribution Channel -
a) Supermarkets/Hypermarkets
b) Convenience Stores
c) E-Commerce

By Nature -
a) organic
b) conventional

Major players in the meat, poultry and seafood market include JBS S.A., Tyson Foods Inc., Marfrig Global Foods, WH Group Limited, NH Foods Ltd.

The regions covered in the global meat, poultry and seafood market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Meat, Poultry And Seafood Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Meat, Poultry And Seafood Market Report Table Of Content
1. Meat, Poultry And Seafood Market Executive Summary
2. Report Structure
3. Meat, Poultry And Seafood Market Characteristics
4. Meat, Poultry And Seafood Market Product Analysis
5. Meat, Poultry And Seafood Market Supply Chain
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20. Africa Meat, Poultry And Seafood Market
21. Meat, Poultry And Seafood Market Competitive Landscape
22. Key Mergers And Acquisitions In The Meat, Poultry And Seafood Market
23. Market Background: Food And Beverages Market
24. Recommendations

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