Meat Market - Global Industry Size Projected to Reach USD 1.71 Trillion by 2033 | CAGR of 1.91%.

According to the latest report by IMARC Group, titled "Meat Market Report by Type (Raw, Processed), Product (Chicken, Beef, Pork, Mutton, and Others), Distribution Channel (Supermarkets and Hypermarkets, Departmental Stores, Specialty Stores, Online Stores, and Others), and Region 2025-2033", offers a comprehensive analysis of the industry, which comprises insights on the global meat market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global meat market size reached USD 1.43 Trillion in 2024. Looking forward, IMARC Group expects the market to reach USD 1.71 Trillion by 2033, exhibiting a growth rate (CAGR) of 1.91% during 2025-2033.

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Global Meat Market Dynamics:

Rising Global Population and Increasing Disposable Incomes:

The world population growth, particularly in the developing regions, coupled with the increase in disposable income is benefiting the global meat market enormously. Global population increase and ascension in living standards generally escalates the consumption of protein rich foods especially meats. This trend is further fueled by the increased westernization of diets among the middle class in emerging markets, which is characterized by greater consumption of meats. As such, the spike in demand results in an increase in production and supply in the meat market.

Shifting Consumer Preferences and Dietary Trends:

The global meat market dynamics are intricately interconnected with the changing consumer behavior. The one major issue remains the consumption of meat, and even with its popularity, there's a growing concern over health and environmental issues. This has resulted in increased consumption of lean and organic meat, and fish, as well as green marketing. The advent of flexitarian and vegetarian diets combined with increases in the consumption of alternative meat sources is changing the market. Industries are beginning to receive the message in order to address the various demands with meat or plant based protein sources.

Technological Advancements and Supply Chain Optimization:

The meat industry is becoming more efficient and sustainable due to new technology. An example of this is the innovation in animal cloning, improving the quality of animal feed, and new methods for processing meat. In addition, improvements have been made in the meat distribution supply management, such as cold storage during delivery and meat tracking systems. Advances in technology are important for meat product distribution because of the increased amount of meat that needs to be produced in a sustainable way without damaging the environment.

By the IMARC Group, Some of the Top Competitive Landscape Operating in the Meat Market are Given Below:

• BRF S.A.
• Cargill Incorporated
• Clemens Food Group
• Conagra Brands Inc.
• Hormel Foods Corporation
• JBS S.A.
• Minerva Foods SA
• NH Foods Ltd.
• Sysco Corporation
• Tyson Foods Inc.
• Vion Food Group
• WH Group Limited

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Global Meat Market Trends:

There are several important phenomena taking place in the global meat market. For example, one of the latest trends is more focus on sustainability and the so-called ethical consumption. People are more concerned about the conditions in which animals are raised and the impact on the environment so more sustainable farming practices and certifications are put into use. In addition, there is more and more demand for ready to eat meat products, which is a result of busy schedules and changing lifestyles.

Additionally, the growth of e-commerce and online food delivery service companies is changing the distribution and selling of meat products, making them more available and convenient to customers. Innovation in plant-based substitutes is also changing the operations of the conventional meat markets profoundly.

Key Market Segmentation:

Breakup by Type:

• Raw
• Processed

According to the report, raw represented the largest segment.

Breakup by Product:

• Chicken
• Beef
• Pork
• Mutton
• Others

According to the report, chicken represented the largest segment.

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Departmental Stores
• Specialty Stores
• Online Stores
• Others

According to the report, supermarkets and hypermarkets represented the largest segment.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
According to the report, Asia Pacific accounted for the largest market share.

Key highlights of the Report:

• Market Performance
• Market Outlook
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.