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Pork Meat Global Market Forecasted to Reach $524.87 Billion by 2028, Size, Share, Trends, Development Strategies and Segmentation Analysis
Pork Meat Market
As per the report, 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 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%.
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Role Of Food And Beverage Industry In Driving The Pork Meat Market
The growing food and beverage industry is expected to drive the growth of the pork meat market in the coming years. The food and beverage sector encompasses all businesses involved in the processing, packaging, and distribution of raw food materials. This includes both fresh and packaged foods, as well as alcoholic and non-alcoholic beverages. Pork is a good source of high-quality protein, which is an important nutrient for human health. Once consumed, it includes large levels of amino acids. For instance, in September 2022, according to a report published by Statistics Sweden, a Sweden-based government agency, the revenue generated from food and beverage sales reached $29.85 billion (SEK 334 billion), marking a 2.9 percent growth. This growth can be attributed to a 2.5 percent rise in sales volume and a 0.4 percent uptick in the prices of food and beverages. Therefore, the growing food and beverage sector propels the growth of the pork meat market.
Meeting Market Demand And Scaling Up Production In The Pork Meat Industry
Facility expansion is a key trend gaining popularity in the pork meat market. The manufacturers in this market are focusing on expanding their facilities to commercialize cultivated pork to meet market demand. For instance, in November 2023, Meatable, a Netherlands-based producer of cell-based meat, announced a 3,300 m2 facility expansion to facilitate a 900% increase in the production scale of cultivated pork. As a result of the expansion of its facilities, the new pilot plant in Leiden, the Netherlands, now boasts double the size of its previous lab and office space. This enhancement allows Meatable to elevate its bioreactor capacity from 50 liters to 200 liters, with the potential for further expansion to 500 liters.
The pork meat market covered in this report is segmented -
1) By Meat Form: Chilled, Frozen, Canned/Preserved
2) By Packaging: Store Wrap, Modified Atmosphere Packaging, Vacuum Packaging, Shrink Bags
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
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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
Contents of the report:
1. Executive Summary
2. Pork Meat Market Report Structure
3. Pork Meat Market Trends And Strategies
4. Pork Meat Market - Macro Economic Scenario
5. Pork Meat Market Size And Growth
…..
27. Pork Meat Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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