Steady Expansion Forecast for Meat Market, Projected to Reach $1599.32 Billion by 2029

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Meat Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The expansion of the meat market has been robust in the last few years. The market which is projected to be at $1133.29 billion in 2024 is expected to escalate to $1217.95 billion in 2025 with a compound annual growth rate (CAGR) of 7.5%. The historical increase can be traced back to factors like population rise and urbanization, growth in wealth and expansion of the middle class, cultural and food inclinations, globalization of food markets and advancements in processing technology.

Meat Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the meat market is predicted to experience significant growth, estimated to reach $1599.32 billion in 2029, boasting a compound annual growth rate (CAGR) of 7.0%. Factors that contribute to this growth during the projection period include health and wellness trends, the advent of plant-based and alternative proteins, considerations concerning the environment and ethics, advancements in e-commerce and direct sales to customers, and changes and norms set by regulatory bodies. The forecast period will also witness major trends such as an increased interest in uncommon and novelty meats, a focus on sustainable and regenerative agricultural practices, the evolution of hybrid meat products, a drive towards locally and ethically sourced meat, and the emergence of 3D-printed meat.

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What Are the Drivers Transforming the Meat Market?
The escalation in the intake of meat globally is anticipated to fuel the expansion of the meat market. The term "meat" is used to describe the edible parts of animals, often domesticated cattle, pigs, and sheep, which includes not only the flesh but also tendons, ligaments, and muscles. The rising consumption of meat is owed to its richness in protein and its supply of a variety of vitamins and minerals like selenium, niacin, and vitamin B12. For instance, Sentient Media, a non-profit media company based in the US, reported in December 2023 that the average American consumes approximately 224.6 pounds of meat annually, comprising cattle, pigs, broilers, and turkey. These statistics are predicted to surge in the coming years. Consequently, the increase in meat consumption is propelling the growth of the meat market.

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What Long-Term Trends Will Define the Future of the Meat Market?
Prominent businesses in the meat industry are prioritizing the creation of revolutionary products, such as vegan meat, to meet the needs of health-oriented consumers. Vegan meat, a plant-based substitute for mainstream meat, is made from components like soy, peas, beans, and grains. For example, OTS Holdings, a producer of ready-to-eat and ready-to-cook meat products based in Singapore, in August 2022, revealed the development of a new range of plant-based canned meat. This serves as an innovative yet convenient alternative to traditional meat products. Made from a mix of wheat, soy protein, vegetable juice, and Eucheuma seaweed, this edible option skillfully merges modern cooking techniques with classic tastes. After investing two years in research, it aspires to deliver an enjoyable taste journey while accommodating the increasing demand for environmentally friendly food selections.

Which Segments in the Meat Market Offer the Most Profit Potential?
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: Supermarkets and Hypermarkets, 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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Which Firms Dominate the Meat Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential 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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