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Emerging Trends Influencing The Growth Of The Pork Meat Market: Meeting Market Demand And Scaling Up Production In The Pork Meat Industry
The Pork Meat Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Pork Meat Market?
Recent years have seen substantial growth in the pork meat market size. It's projected that it will escalate from a value of $403.16 billion in 2024 to $434.35 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.7%. Factors behind the growth in the historic period include rising population and urbanization trends, income levels and affordability, cultural and dietary inclinations, advancements in retail and distribution networks, and international trade and exports.
In the upcoming years, the pork meat market is projected to witness substantial growth, expanding to $558.17 billion in 2029 with a compound annual growth rate (CAGR) of 6.5%. Factors contributing to this growth during the forecast period include shifts in eating habits, an escalating global population, trends in health and nutrition, economic progress in developing markets, as well as governmental regulations and trade policies. Key trends predicted during this period encompass greater transparency and traceability in the supply chain, increased use of technology in pork processing, a globalised pork trade, the rise in demand for plant-based and alternative pork products, as well as novel developments in packaging and labelling for consumer convenience.
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What Are the Different Pork Meat Market Segments?
The pork meat market covered in this report is segmented -
1) By Meat Form: Chilled, Frozen, Canned/Preserved
2) By Packaging: Store Wrap, Modified Atmosphere Packaging, Vacuum Packaging, Shrink Bags
3) By Distribution Channel: Super markets/Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments:
1) By Chilled: Fresh Chilled Pork, Vacuum-Sealed Chilled Pork
2) By Frozen: Frozen Whole Pork, Frozen Pork Cuts
3) By Canned Or Preserved: Canned Pork, Preserved Pork Products
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What Are the Primary Drivers Shaping the Pork Meat Market?
The expansion of the food and beverage industry is anticipated to fuel the pork meat market's growth in the future years. The industry includes all enterprises engaged in handling, packing, and distributing raw food resources. This not only covers fresh foods but also packaged ones, along with drinks with and without alcohol. Pork, which is a prime source of premium quality protein essential for human wellness, carries high concentrations of amino acids when consumed. For instance, the Statistics Sweden report from September 2022 indicated that the food and beverage sales generated revenue of $29.85 billion (SEK 334 billion), showing a growth by 2.9 percent. This increase is credited to a 2.5 percent surge in sales volume coupled with a 0.4 percent boost in food and beverage prices. Hence, the escalating food and beverage sector is driving the growth of the pork meat market.
Which Companies Are Leading in the Pork Meat Market?
Major companies operating in the pork meat market include Cargill Incorporated, JBS S.A., Sysco Corporation, Danish Crown, Tyson Foods Inc., WH Group Limited, Smithfield Foods Inc., Hormel Foods Corporation, Conagra Brands Inc., BRF S.A., Tönnies Holding, Minerva Foods SA, Vion Food Group, Vion NV, Maple Leaf Foods, Cranswick plc, Cherkizovo, Triumph Foods, Johnsonville LLC, Clemens Food Group, Craig Mostyn & Co Pty Ltd., China Yurun Food Group Limited, Bridgford Foods Corporation, AJC International Inc., NH Foods Ltd., Globex International Inc., Grove Services Inc., Compart Family Farms, Boston Agrex Inc., Dawn Meats
What Trends Are Expected to Dominate the Pork Meat Market in the Next 5 Years?
The increasing trend of facility expansion is gaining momentum in the pork meat market, with manufacturers prioritizing the enlargement of their facilities in order to supply the growing market demand for cultivated pork. For example, Meatable, a producer of cell-based meat based in the Netherlands, revealed in November 2023 that they have expanded their facility by 3,300 m2 to allow for a dramatic 900% increase in cultivated pork production. This expansion of facilities in their new pilot plant in Leiden, the Netherlands, has doubled the size of their previous lab and office space. Such upgrades have provided Meatable the chance to increase its bioreactor capacity from 50 liters to 200 liters, and presented the possibility for a future expansion to 500 liters.
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What Are the Top Revenue-Generating Geographies in the Pork Meat Market?
Asia-Pacific was the largest region in the pork meat market in 2024. The regions covered in the pork meat 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 Meat Market?
2. What is the CAGR expected in the Pork Meat Market?
3. What Are the Key Innovations Transforming the Pork Meat Industry?
4. Which Region Is Leading the Pork Meat Market?
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