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Meat Products Market Opportunities, Trends, Growth Analysis And Forecast To 2033

03-12-2024 07:33 AM CET | Food & Beverage

Press release from: The Business research company

Meat Products Market

Meat Products Market

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033.

The Business Research Company offers in-depth market insights through Meat Products Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The meat products market size has grown strongly in recent years. It will grow from $930.13 billion in 2023 to $984.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increased demand for flavored meat products, low interest rates, a rise in disposable income, and emerging markets growth.

The meat products market size is expected to see strong growth in the next few years. It will grow to $1211.05 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to rise in global population and continued technology development. Major trends in the forecast period 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.

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Market Segmentation:
The meat products market covered in this report is segmented -
1) By Type: Pork, Mutton, Beef, Other
2) By Product Type: Chilled, Frozen, Canned/Preserved
3) By Nature: Organic, Conventional
4) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others

Major Driver - Rising Global Population Spurs Demand For Meat Products, Driving Opportunities For The Food Industry
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, including meat products. 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 the rising demand for meat products due to the rising population during the forecast period.

Competitive Landscape:
Major companies operating in the meat products market report are JBS S.A., Tyson Foods Inc., WH Group, Marfrig Global Foods S.A., Danish Crown, NH Foods Ltd., Hormel Foods Inc., Yurun Group Limited, Cargill Inc., Perdue Farms Inc., Venkys Ltd, Simran Farms Ltd, Ovobel Foods Ltd., Shandong Jinluo Enterprise Group, Zhucheng Waimao Co., Ltd., Nippon Meat Packers, Inc, Starzen Co., Ltd, Industry Park Pty Ltd, Teys Australia Pty Ltd, Thomas Foods International Consolidated Pty Limited, Groupe Bigard, Cooperl Arc Atlantique, Biegi Foods GmbH, Cipa SAS, Rovagnati S.p.A, Campofro Food Group S.A, Iglo Foods Group Ltdq, Phw-Gruppe Lohmann & Co. AG, Martnez Loriente, S.A, Coop, Zur Mhlen Group, LDC S.A, Tulip Food Company A/S, Elpozo Alimentacion S.A, The Cedrob Group, Transavia Corporation, Worldpol Sp. Z O.o., Coldstore Niechcice, JKA Meat Supplies, Hand Mies Polowczyk SPZOO, Grill-Pol Sylwester Kowalski, Angelov Ltd., Ameta, Lalov & Vachev Ltd, Sysco Corp, Smithfield Foods Inc, National Beef Packing Co, OSI Group, Conagra Brands, Koch Foods, Sanderson Farms Inc, Aleph Farms, Gulf Business, The MeatHub KSA, Laboon Food Production Co., Al Munajem Cold Stores Company, Al Kabeer Group ME, Sunbulah Group, Chopped, Butterball, Jennie-O Turkey Store Inc., Egyptian Co. For Animal Wealth Development, Amgad For Food Industries, Ismailia For Poultry Meat Processing, Zartech Limited, Amo Farm Sieberer Hatchery Limited, Bama Farms Limited, Best Foods Global Nigeria Limited, Kleyn Begin Biltong Products, Matzikama Biltong, Claasens Designs, Elite Meat Processing Equipment Service.

Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/meat-products-global-market-report

Top Trend - Robotic Automation Revolutionizes Meat Processing For Enhanced Efficiency And Safety
Meat processing companies are adopting robotics and automation technology to maximise production efficiency. Robotic systems automate deboning, cutting, butchering, and monitoring processes in meat production. This decreases cycle times and increases throughput. Automation enables meat processing companies to improve plant conditions, reduce contamination, and make meat processing safer for workers as well as consumers. Robots can help manufacturers transfer a wide range of meat and sausages from conveyor belts to trays at a rate of up to 240 cycles per minute. Plants with fixed automation systems increase yields by at least 2-3%. For example, Image-Meater from CSB is a special hardware and software solution that fully classifies the sides of the pork automatically into different quality levels. Also, JBS, the world's largest meat processor, has acquired a majority stake in Scott Technology Ltd., a leading robotics manufacturer, to automate its meat processing plants to capitalize on the growing demand for automation in meat processing plants.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Meat Products Market Characteristics
3. Meat Products Market Trends And Strategies
4. Meat Products Market - Macro Economic Scenario
5. Meat Products Market Size And Growth
…..
27. Meat Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

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