Global Meat Market Forecast: Expected to Reach USD 1,908.60 Billion by 2032 with a CAGR of 7.1% - "Global Meat Market Forecast"

According to a new report by Maximize Market Research, the global meat market was valued at USD 1,102.55 billion in 2024 and is expected to reach approximately USD 1,908.60 billion by 2032, recording a compound annual growth rate (CAGR) of 7.1% between 2025 and 2032. The forecast highlights Asia-Pacific as the fastest‐growing region, with fresh meat and poultry dominating demand amid rising incomes and shifting consumer preferences toward less processed meat. The global meat market is projected to expand from USD 1,102.55 billion in 2024 to USD 1,908.60 billion by 2032, driven by rising demand for fresh meat and increased disposable incomes in Asia-Pacific.

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♦ Key Highlights

Market Size & CAGR: USD 1,102.55 billion in 2024, growing to USD 1,908.60 billion by 2032 at a CAGR of 7.1%.

Leading Segment: Poultry product segment leads the market, with the highest contribution among product types.

Fastest‐Growing Region: Asia-Pacific held the highest regional share in 2024 and is expected to grow to hold around 80% share by 2032 in certain product categories.

Key Drivers & Trends: Growth fueled by availability of processed meat at reasonable prices, rising disposable incomes and female workforce expansion; restrained by health concerns about red and processed meat and increasing vegetarian/vegan diets.

Top Companies: Major players include JBS, NH Foods, Smithfield Foods, Cargill Incorporated, ConAgra Foods, National Beef Packing Company, Tyson Foods, Cherkizovo Group PJSC, OSI Group Bridgford Foods Corporation, China Yurun Food Group, Danish Crown, Dawn Meats, Tonnies, Triumph Foods, and Vion Food Group Ltd.

♦ Market Outlook

The global meat market is segmented by Type (Fresh Meat vs. Processed Meat), Product (Poultry, Pork, Seafood, Lamb & Goat), and Application (Super Markets, Convenience Stores, Independent Retailers, Others). Fresh meat maintains dominance, especially for pork and beef, driven by consumer preference toward natural foods. Processed meat is growing, though more slowly, due to concerns about health impacts and regulatory scrutiny. Poultry stands out among product types, showing robust growth over the forecast period.

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♦ Regional Insights

Asia-Pacific emerges as the most dynamic region, accounting for the largest share in 2024 and expected to see continued expansion through 2032. Growth in this region is tied to rising meat consumption, change in dietary habits, and increased imports-particularly pork-in markets like China. North America and Europe remain significant, especially for processed meat, convenience store applications, and independent retail distribution.

♦ Key Players & Competitive Landscape

Key companies are making strategic moves to capture market share through innovations in processing, emphasis on label-friendly products, and leveraging e-commerce channels. However, the meat market also faces restraints: increasing health awareness is reducing demand for red and processed meat, and vegetarian/vegan diets are gaining traction. Regulatory pressures and food safety concerns over red meat consumption present additional challenges. Meanwhile, opportunities exist with technological advancements in meat processing and cleaner production methods.

♦ Quote

"While health concerns and dietary shifts pose real challenges, the growing demand for fresh meat-especially poultry-in Asia-Pacific, combined with rising income and urbanization, present significant growth opportunities for meat industry players willing to innovate and adapt," said Dr. Anjali Mehta, Senior Analyst at Maximize Market Research.

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.