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Emerging Trends Influencing The Growth Of The Pork Market:Innovation In The Pork Market Cargill Introduces Omega-3 Pork In Collaboration With Ek Slaughterhouse
Pork
What Is the Projected Growth of the Pork Market?
In recent times, the size of the pork market has been on a consistent upward trend. It is projected to rise from $154.53 billion in 2024 to $157.78 billion in 2025, representing a compound annual growth rate (CAGR) of 2.1%. The enhacement during the past duration is linked to elements such as population increase and urbanization, shifts in food preferences, economic progression, plus cultural and culinary traditions, and farming methodologies for livestock.
Expectations are high for a consistent increase in the size of the pork market in the upcoming years. Experts predict it will reach $173.85 billion by 2029, boasting a compound annual growth rate (CAGR) of 2.5%. This expected growth in the projected period can be associated with a multitude of factors such as a focus on health and wellness, adoption of sustainable agricultural practices, changes in diets including alternative proteins, concern over global food security, and resilience to crises. Key trends to look out for during the forecast period incorporates the popularity of plant-based and alternate proteins, a rise in digital marketing and e-commerce, considerations on environment and animal welfare, global culinary shifts, and strides forward in nutritional innovation.
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What Are the Emerging Segments Within the Pork Market?
The pork market covered in this report is segmented -
1) By Type: Chilled, Frozen
2) By Packaging: Store Wrap, Modified Atmosphere Packaging, Vacuum Packaging, Shrink Bags, Others
3) By Application: Household, Commercial
Subsegments:
1) By Chilled: Fresh Chilled Pork Cuts, Chilled Processed Pork Products
2) By Frozen: Frozen Pork Cuts, Frozen Processed Pork Products
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What Long-Term Drivers Are Shaping Pork Market Trends?
Globally, the surge in meat consumption propels the progression of the pork market. Meat refers to the flesh or other parts of animals that are fit for consumption, usually derived from domesticated cattle, pigs, and sheep. It also includes other parts like tendons, ligaments, and muscles. Pork, which is cost-effective to produce, is packed with protein, and flexible in terms of meal options, is a fantastic choice for consumption. For instance, Dezan Shira & Associates, a multidisciplinary professional services firm based in China, reported that approximately 92.27 million tons of meat was produced in China in 2022, marking a rise of 3.8% from the preceding year. Consequently, the escalating meat consumption worldwide ignites the growth in the pork market.
Who Are the Top Competitors in Key Pork Market Segments?
Major companies operating 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., China Yurun Food Group Co. Ltd., Craig Mostyn Group, The Tonnies Group, Monogram Food Solutions LLC, Cargill Inc., Smithfield Foods Inc., Seaboard Foods LLC, Triumph Foods LLC, Prestage Farms Inc., The Maschhoffs LLC, Clemens Food Group LLC, Indiana Packers Corporation, Hatfield Quality Meats Inc., Johnsonville Sausage LLC, Maple Leaf Foods Inc.
What Pork Market Trends Are Gaining Traction Across Different Segments?
Product innovation is emerging as a major trend in the pork market, with leading businesses launching inventive products to retain their standing. For instance, Cargill Incorporated, a U.S.-based food organization, announced the introduction of nutritious Omega-3 pork in July 2022, produced in collaboration with EK Slaughterhouse, a Thailand-based pork processing and food service firm. This new pork is reared on cutting-edge farms employing Cargill feeding methods, including the use of Omega-3-enhanced feed for hogs. The pork is not only clean and safe but also offers the benefits of these extraordinary fatty acids. Many customers have given it a try and the consensus has been that this pork is more tender than typical pork. The manufacturer and distributor of this pork, EKS, aims to augment the value chain and supply the Omega-3 pork under their own brand, using contemporary trade and supermarket distribution techniques via the Freshour brand. This will provide a further distribution channel and promote the groundbreaking product.
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Which Regions Are Becoming Hubs for Pork Market Innovation?
Asia-Pacific was the largest region in the pork market in 2024. The regions covered in the pork market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pork Market?
2. What is the CAGR expected in the Pork Market?
3. What Are the Key Innovations Transforming the Pork Industry?
4. Which Region Is Leading the Pork Market?
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