Strong Meat Market Growth: Key Drivers and Trends Influencing the $1763.69 billion Forecast for 2029

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Rapidly Expanding with a Compound Annual Growth Rate (CAGR) of 6.8%, The Global Meat Market is Set for a Robust Performance.

What Is The Projected Market Size Of The Global Meat Market And Its Growth Rate?

• The meat market size is expected to grow from $1252.61 billion in 2024 to $1353.27 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth can be attributed to factors such as population growth and urbanization, rising affluence and middle-class expansion, cultural and dietary preferences, globalization of food markets and technological advancements in processing.
• The meat market is projected to further strengthen to $1763.69 billion in 2029 at a CAGR of 6.8%. The anticipated growth in the forecast period could stem from health and wellness trends, plant-based and alternative proteins, environmental and ethical considerations, e-commerce and direct-to-consumer sales, and regulatory changes and standards.

What Is Driving The Growth In The Meat Market?

The growth of the meat market is primarily being driven by the increasing meat consumption worldwide. Meat, which includes the flesh or other edible parts of animals such as cattle, swine, and sheep, is a valuable source of protein and several nutrients including selenium, niacin, and vitamin B12. The global consumption of meat is escalating. For instance, Sentient Media reported that the average American consumes 224.6 pounds of meat, including cattle, pigs, broilers, and turkey, every year. This consumption is projected to rise in the foreseeable future, thereby fostering the meat market expansion.

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Who Are the Key Players Driving Meat Market Growth?

• WH Group Limited
• Pilgrim's Pride Corporation
• Smithfield Foods Inc.
• Hormel Foods Corporation
• Conagra Brands Inc.
• National Beef Packing Company LLC
• Danish Crown A/S
• Seaboard Corporation
• Cargill Incorporated
• JBS S.A.
• Sysco Corporation
• Tyson Foods Inc.
• NH Foods Ltd.
• OSI Group LLC
• Perdue Farms Incorporated
• Minerva Foods S.A.
• Vion Food Group N.V.
• Marfrig Global Foods S.A.
• Maple Leaf Foods Inc.
• BRF Global S.A.
• Triumph Foods LLC
• Sanderson Farms Inc.
• Cherkizovo Group OJSC
• Wayne Farms LLC
• West Liberty Foods LLC
• Clemens Food Group Inc.
• The Maschhoffs LLC
• Dawn Meats Group Limited
• China Yurun Food Group Co Ltd

What Are The Key Trends In The Meat Market?

• Growing interest in exotic and novelty meats
• Emphasis on sustainable and regenerative agriculture practices
• Development of hybrid meat products
• Focus on local and ethically sourced meat
• Introduction of 3D-printed meat

What Are The Segments Of The Global Meat Market?

The report segments the meat market based on:

1) By Type: Raw, Processed
2) By Product: Chicken, Beef, Pork, Mutton, Other Products
3) By Distribution Channel: Super markets and Hyper markets, Departmental Stores, Specialty Stores, Online Stores, Other Distribution Channels

Which Region Leads The Meat Market?

Asia-Pacific was the largest region in the meat market in 2024. The regions covered in the meat market report also include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Meat Market Global Market Report?

- Market Size Analysis: Analyze the Meat Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Meat 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 Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Meat Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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