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Meat Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Which drivers are expected to have the greatest impact on the over the meat market's growth?The meat market is projected to prosper, bolstered by the rising consumption of meat. When referring to meat, it pertains to the edible parts of animals such as commonly domesticated livestock like cows, pigs, and sheep. This includes not only the flesh but also potentially tendons, muscles, and ligaments. The demand for meat is escalating across the globe for its rich protein content, in addition to its nutritional value offering elements such as selenium, niacin, and vitamin B12. For instance, data released by Sentient Media, an American, non-profit media organization, in December 2023 indicated that the average US citizen consumes about 224.6 pounds of meat annually, inclusive of cattle, pigs, broilers, and turkey. It's anticipated that these figures will go up in upcoming years. Consequently, the increasing consumption of meat is propelling the expansion of the meat market.
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What is the future CAGR of the meat market, and how will it impact industry expansion?
The size of the meat market has witnessed robust growth in the past few years. The market, which stood at $1252.61 billion in 2024, is projected to ascend to $1353.27 billion in 2025, marking an 8.0% compound annual growth rate (CAGR). Factors that contributed to this growth in the past include population growth and urbanization, increased richness and expansion of the middle class, cultural and dietary inclinations, internationalization of food markets, and technological progress in processing.
The meat industry is projected to experience significant expansion in the coming years, with the market value expected to reach $1763.69 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.8%. This substantial rise during the forecast timeframe can be linked to burgeoning health and wellness trends, rising popularity of plant-based and substitute proteins, growing emphasis on environmental and ethical factors, increased e-commerce and direct-to-consumer sales, along with regulatory alterations and standards. The forecast period will also witness escalating interest in unusual and novelty meats, a shift towards sustainable and regenerative farming methods, creation of hybrid meat commodities, a concentrated focus on locally and ethically sourced meat, and the introduction of 3D-printed meat.
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What are the most significant trends transforming the meat market today?
Leading firms in the meat industry are concentrating on crafting original products like vegan meat to appeal to consumers who are health-focused. Vegan meat, a plant-based substitute for conventional meat, incorporates ingredients such as soy, peas, beans, and grains. For example, in August 2022, OTS Holdings, a manufacturer headquartered in Singapore and specialized in producing ready-to-eat and ready-to-cook meat goods, introduced a new range of canned plant-based meats as an inventive and accessible alternative to standard meat products. Created with a mix of wheat, soy protein, vegetable juice, and Eucheuma seaweed, this ready-to-consume offering merges contemporary culinary techniques with conventional tastes. It aspires to deliver a fulfilling taste sensation, in response to the escalating demand for eco-friendly food solutions, after two years of investigation.
Which key market segments comprise the meat market and drive its revenue growth?
The meat market covered in this report is segmented -
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
Subsegments:
1) By Raw: Fresh Meat, Frozen Meat, Chilled Meat
2) By Processed: Cured Meat, Sausages and Deli Meats, Ready-to-Eat Meat Products
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What regions are at the forefront of meat market expansion?
Asia-Pacific was the largest region in the meat market in 2024. The regions covered in the meat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the meat market?
Major companies operating in the meat market include 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.
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What Is Covered In The Meat Global Market Report?
•Market Size Forecast: Examine the meat market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the meat market for a structured understanding.
•Key Players Overview: Analyze major players in the meat market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the meat market.
•Segment Contributions: Evaluate how different segments drive overall growth in the meat market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the meat market.
•Industry Challenges: Identify potential risks and obstacles affecting the meat market.
•Competitive Landscape: Review strategic developments in the meat market, including expansions, agreements, and new product launches.
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