Press release
Meat, Poultry And Seafood Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Meat, Poultry And Seafood 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, poultry and seafood market size has grown strongly in recent years. It will grow from $1527.25 billion in 2023 to $1623.6 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increasing rise in disposable income, increased popularity of seafood products, low interest rates, and emerging markets growth.
The meat, poultry and seafood market size is expected to see strong growth in the next few years. It will grow to $2037.24 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increased awareness about the health benefits, increasing population, and increased demand for quality and sustainability. Major trends in the forecast period include increased awareness about the health benefits, increasing population, and increased demand for quality and sustainability.
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Market Segmentation:
The meat, poultry and seafood market covered in this report is segmented -
1) By Type: Meat Products, Poultry, Seafood
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channel
3) By Nature: Organic, Conventional
Major Driver - Rising Global Population Fuels Demand For Meat And Seafood
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 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.
Competitive Landscape:
Major companies operating in the meat, poultry and seafood market report are JBS S.A, Tyson Foods Inc, WH Group Limited, Marfrig Global Foods S.A., Pilgrim's Pride Corporation, Hormel Foods Corp, Maple Leaf Foods Inc, Thai Union Group, Vion Holding, Danish Crown A/S, Pescafresh, Godaco Seafood, Grand Wynn Enterprises, NH Foods Ltd, Charoen Pokphand Group, Suguna Foods, Doyoo Group, New Hope Liuhe, Wen's Food Group, Bell & Evans, Hain Celestial, Fosters Farm, Cargill meat solutions, Riverford Organic Farms, Danone, Capestone Organic Poultry Farm, Underrwood Meat Company, Springfield Poultry, Yorkshire Valley Farms, Rossdown Farms & Natural Foods, Beretta Farms, Smithfield Foods Inc, Pjsc, F.L.G. Srl, Scorilo Srl, Enpi Lake Fishing SRL, Cherkizovo, MHP, Gap Resurs, AO Prioskolie, Sadia, Seara Foods, Perdigao SA, Minerva Foods.
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Top Trend - Optimizing Poultry Processing Yields With 3D Imaging
Poultry processing companies are increasingly using 3D imaging systems to optimize 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 maximizes the yield and minimizes 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.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Meat, Poultry And Seafood Market Characteristics
3. Meat, Poultry And Seafood Market Trends And Strategies
4. Meat, Poultry And Seafood Market - Macro Economic Scenario
5. Meat, Poultry And Seafood Market Size And Growth
…..
27. Meat, Poultry And Seafood Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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