Press release
Global Meat Products Market: Thriving Growth Forecasted with Projected Market Size, Key Trends, and Key Players Driving Market Expansion
Meat Products Market Share
Soaring Success Predicted for the Meat Products Market with its Market Size to multiply from $976.33 billion in 2024 to $1030.93 billion in 2025, pushed forward by a notable 5.6% CAGR.
What Is The Projected Market Size Of The Global Meat Products Market And Its Growth Rate?
• Current market size (2024): $976.33 billion
• Estimated market size (2025): $1030.93 billion
• Forecasted Growth Rate (CAGR): 5.6%
• Predicted future market size (2029): $1280.94 billion
• Key driver attributes: Increased demand for flavored meat products, rise in disposable income, growth in emerging markets, and low interest rates
What Is Driving The Growth In The Meat Products Market?
The global population expansion is significantly driving growth in the meat products market. As the estimated population is expected to reach 10 billion by 2050, it creates a demand surge for food, including meat products. As a result, companies should benefit from the escalating population, considering the projection of cereal production to soar by 13% by 2027, according to 'The Agricultural Outlook' from the OECD and FAO, which improves farming activities, crop production, and trade.
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Who Are the Key Players Driving Meat Products Market Growth?
• JBS S.A.
• Tyson Foods Inc.
• WH Group
• Marfrig Foods S.A.
• Danish Crown
• NH Foods Ltd.
• Hormel Foods Inc.
• Yurun Group Limited
• Cargill Inc.
• Perdue Farms Inc.
• (and many more)
What Are The Key Trends In The Meat Products Market?
• Investment in robotics technology
• Development of new ready-to-eat variants
• Production of plant-based alternatives for environmental sustainability
• Offering of online delivery services
• Use of artificial intelligence technology for enhanced productivity and quality
• Monitoring developments in cultured meat technology
• Exploitation of nanotechnology opportunities in the food industry
What Are The Segments Of The Global Meat Products Market?
• By Type: Pork, Mutton, Beef, Other
• By Product Type: Chilled, Frozen, Canned/Preserved
• By Nature: Organic, Conventional
• By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
Which Region Leads The Meat Products Market?
In 2024, Asia-Pacific led the meat products market, with North America closely following as the second-largest region. Covered regions in this report also include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Meat Products Market Global Market Report?
- Market Size Analysis: Analyze the Meat Products Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Meat Products 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 Meat Products Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Meat Products Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Learn More About the Business Research Company. With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
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