Meat Market Expansion Continues, with Forecast Valuation of $1763.69 Billion by 2029

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Meat Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the meat market has witnessed robust growth. The market, which is set to surge from $1252.61 billion in 2024 to $1353.27 billion in 2025, is anticipated to have a compound annual growth rate (CAGR) of 8.0%. The historical growth pattern of this market is likely due to factors such as population increase and urbanization, rising wealth and expansion of the middle class, cultural and dietary choices, the internationalization of food markets, and technological developments in processing.

How Will the Meat Market Size Evolve and Grow by 2029?
In the upcoming years, the meat market is predicted to experience robust growth, with its value expected to reach $1763.69 billion in 2029, reflecting a compound annual growth rate (CAGR) of 6.8%. The expansion anticipated in the forecast period can be ascribed to factors such as health and wellness trends, the rise in plant-based and alternative proteins, environmental and ethical factors, the growth of e-commerce and direct-to-consumer sales, as well as regulatory changes and standards. Trends that are likely to be prominent during the forecast period include an increased interest in exotic and novelty meats, a push towards sustainable and regenerative farming practices, the production of hybrid meat products, a heightened focus on regionally-sourced, ethically produced meat, and the exploration into 3D-printed meat.

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What Drivers Are Propelling the Growth of Meat Market Forward?
The surge in meat consumption worldwide is predicted to propel the growth of the meat market in the future. Meat, which often comes from domesticated animals like cattle, swine, and sheep, refers to not only the animal's edible flesh but also includes components such as tendons, ligaments, and muscles. The escalating consumption of meat around the globe is due to its rich source of protein and variety of vitamins and minerals like selenium, niacin, and vitamin B12. For instance, Sentient Media., a non-profit media organization based in the US, reported in December 2023 that the average American individual consumes 224.6 pounds of meat each year, which includes a variety from cattle, pigs, broilers, and turkeys. These statistics are predicted to rise even more in the coming years. The upswing in meat consumption, therefore, acts as a significant driving force for the expansion of the meat market.

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Which Emerging Trends Are Transforming the Meat Market in 2025?
In an effort to cater to the health-conscious audience, companies in the meat industry are innovating with products like vegan meat. This alternative to regular meat draws its ingredients from plants like peas, beans, soy, and grains. A case in point is OTS Holdings from Singapore. The manufacturer of prepared meats announced in August 2022 that it is now offering a new line of canned meat alternatives based on plants. This not only offers ease and novelty but creates a blend of traditional and modern culinary techniques. The mix of wheat, soy protein, vegetable juice, and Eucheuma seaweed in this ready-to-eat product aims at tempting the taste buds while answering the increased calls for sustainable food. The development was made possible after two years of dedicated research.

What Are the Key Segments in the Meat Market?
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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Who Are the Key Players Shaping the Meat Market's Competitive Landscape?
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.

What Geographic Markets Are Powering Growth in the Meat Market?
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.

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