Press release
Pork Market: Steady Growth and Evolving Trends
"With the surge in global meat consumption and the emergence of new trends, the pork market continues to experience steady growth.
What Is The Projected Market Size Of The Global Pork Market And Its Growth Rate?
The pork market has seen consistent growth in recent years. Major insights include:
• The market value is expected to grow from $154.53 billion in 2024 to $157.78 billion in 2025 at a compound annual growth rate (CAGR) of 2.1%.
• The forecasted growth from $157.78 billion in 2025 to $173.85 billion in 2029 at a CAGR of 2.5% further testifies the market's substantial growth.
• Trends like health and wellness, sustainable farming practices, and alternative proteins are key drivers of this growth.
What Is Driving The Growth In The Pork Market?
Global meat consumption, particularly pork, is driving the growth in this market. Meat, including tendons, ligaments, and muscles from animals like cattle, swine, and sheep, provides a high-value dietary option due to the affordability of pork production, its high protein content, and adaptability for various meals. Recent data from Dezan Shira & Associates reveals a 3.8% increase in meat production in China, supporting the claim that global meat consumption is propelling the pork market forward.
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Who Are the Key Players Driving Pork Market Growth?
Major stakeholders in the pork market include:
• JBS SA
• Tyson Foods Inc.
• Danish Crown A/S
• Vion Food Group Ltd.
• WH Group Limited
• Hormel Foods Corporation
• Muyuan Foods Co. Ltd.
What Are The Key Trends In The Pork Market?
Key trends in the pork market involve:
• The surge in plant-based and alternative proteins
• The proliferation of digital marketing and e-commerce
• The emphasis on environmental and animal welfare considerations
• The influence of global culinary trends
• Innovation in nutrition
What Are The Segments Of The Global Pork Market?
The global pork market is segmented by:
1. Type: Chilled, Frozen
2. Packaging: Store Wrap, Modified Atmosphere Packaging, Vacuum Packaging, Shrink Bags, Others
3. Application: Household, Commercial
Which Region Leads The Pork Market?
As of 2024, Asia-Pacific was the largest region in the pork market, covering locations like Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Pork Market Global Market Report?
The Pork Market Global Market Report includes:
- Market Size Analysis: Analyze the Pork Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Pork Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Pork Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Pork Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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