Global meat products market
Dublin, Aug. 19, 2022 (GLOBE NEWSWIRE) — The “Global Meat Products Market Opportunities and Strategies to 2031: Impact and Recovery from COVID-19” report has been added to from ResearchAndMarkets.com offer.
This report describes and assesses the global meat products market. It covers three five-year periods: 2016-2021, called the historical period, 2021-2026, the forecast period, and 2026-2031, the forecast period.
The global meat products market reached a value of nearly $1,091.4 billion in 2021, having grown at a compound annual growth rate (CAGR) of 9.4% since 2016. The market is expected to grow at a CAGR of 7.2% from 2021 to reach $1,546.0 billion. in 2026. The global meat products market is expected to reach USD 2,094.5 billion by 2031, at a CAGR of 6.3%.
Growth over the historical period has resulted from increased demand for flavored meat products, low interest rates, increased disposable income and growth in emerging markets. Factors that negatively affected growth during the historical period were labor shortages and geopolitical tensions.
Going forward, an increase in the global population and continuous technological development are expected to be the major market drivers. Factors that may hinder the growth of the meat products market in the future include carcinogenic effects of processed meat, climate change and global warming, increased preference for poultry, and the impact of COVID-19 .
The meat products market is segmented by type into pork, mutton, beef and other meat products. The beef market was the largest segment of the meat products market segmented by type, accounting for 44.5% of the total in 2021. The pork market is expected to be the fastest growing segment, with a CAGR of 8.7% in 2021-2026.
The meat products market is also segmented by distribution channel into supermarket/hypermarket, convenience store, e-commerce and others. The supermarket/hypermarket market was the largest segment in the meat products market segmented by distribution channel, accounting for 50.2% of the total in 2021. The e-commerce market is expected to be the fastest growing segment, with a CAGR of 15.8% during 2021-2026.
The meat products market is also segmented by product type into chilled, frozen, and canned/canned products. The canned/canned market was the largest segment in the meat products market segmented by product type, accounting for 52.7% of the total in 2021. The chilled market is expected to be the fastest growing segment, with a CAGR by 8.1% in 2021-2026.
The meat products market is also segmented by nature into organic and conventional. The conventional market was the largest segment of the meat products market segmented by end-use, accounting for 95.3% of the total in 2021. The organic market is expected to be the fastest growing segment, with a CAGR of 13.9 % in 2021-2026. .
Asia-Pacific was the largest region in the global meat products market, accounting for 50.8% of the total in 2021. It was followed by North America, Western Europe, and then other regions. Going forward, the fastest growing regions in the meat products market will be Africa and South America, where growth will be at CAGRs of 9.2% and 9.0% respectively.
The meat products market is quite fragmented with a large number of players in the market. The top ten market competitors accounted for 12.69% of the total market in 2021. Major market players are JBS SA, Tyson Foods Inc., WH Group, Marfrig Global Foods SA, Danish Crown and others.
The major opportunities in the meat products market segmented by type will arise in the pork segment, which will achieve $248.6 billion in global annual sales by 2026. The major opportunities in the meat products market segmented by channel by distribution will be in the supermarket/hypermarket segment. , which will earn $216.4 billion in global annual sales by 2026.
The major opportunities in the meat products market segmented by product type will arise in the canned/preserves segment, which will earn $254.9 billion in global annual sales by 2026. meat products by nature will show up in the conventional market, which will gain $407.2 billion by 2026. Meat products market size will gain the most in China with $192.6 billion .
Market trend based strategies for the meat products market include investing in robotic technology, looking into creating new ready-to-eat variants, looking into producing meat-based alternatives of plants to reduce environmental impact, examining the integration of 3D imaging systems, investing in virtual reality to increase efficiency, considering offering online delivery services, envisioning artificial intelligence technology to increase meat processing productivity and meat product quality and safety, by monitoring developments in cultured meat technology and exploiting processing opportunities from developments in nanotechnology in the food industry.
The strategies adopted by the players include the strategic acquisition of emerging strategic partnerships, the expansion of its product portfolio, through the establishment of new treatments and facilities, the improvement of its operational capabilities and through investments in new automation technologies.
To take advantage of opportunities, meat companies should focus on ready meals, offer plant-based meat products, invest in robotic technology, increase the use of 3D imaging systems, focus on nanotechnology in meat production, focus largely on emerging economies, expand in developed markets, offer competitively priced products, target local retail stores and supermarkets, focus on prime positions on store shelves , leverage social media, focus on offering meat products through online channels and target the health conscious population.
Main topics covered:
1. Executive Summary of Meat Products Market
2. Table of Contents
3. List of Figures
4. List of tables
5. Structure of the report
6.1. Segmentation by geography
6.2. Segmentation by type
6.3. Segmentation by distribution channel
6.4. Segmentation by product type
6.5. Segmentation by nature
7. Characteristics of the meat products market
7.1. Market definition
7.2. Market segmentation by type
7.2.4. Other meat products
7.3. Market segmentation by distribution channel
7.3.2. convenience stores
7.4. Market segmentation by product type
7.5. Market segmentation by nature
8. Meat Products Market, Product/Service Analysis – Product/Service Examples
9. Meat Products Market Supply Chain Analysis
9.1. raw material suppliers
9.5. end users
10. Meat Products Market Customer Information
10.1. Reduction in meat consumption
10.2. Meat consumption drops 17% in a decade in the UK
10.3. Canadians will reduce their meat consumption
10.4. Americans are reducing their meat consumption
10.5. Consumer perceptions of plant-based and clean meat
10.6. Survey of plant-based alternatives to meat
11. Meat Products Market Trends and Strategies
11.1. Robotics and Automation in Meat Processing
11.2. Meals ready to eat
11.3. Rise in plant-based meat products
11.4. Use of 3D imaging systems
11.5. Virtual Reality (VR) In production
11.6. Online delivery of meat products
11.7. Developing artificial intelligence technology in meat processing
11.8. cultured meat
11.9. Nanotechnology in Meat Processing
12. Impact of COVID-19 on the meat products market
12.1. Fluctuations in demand in different countries
12.2. Impact on pork, beef and lamb
12.3. Supply chain challenges
12.4. Technology adoption
12.5. Future prospects
13. Global meat products market size and growth
13.1. Market size
13.2. Historical Market Growth, 2016 – 2021, Value (USD Billion)
13.2.1. Market drivers 2016 – 2021
13.2.2. Constraints on the market 2016-2021
13.3. Market Growth Forecast, 2021-2026, 2031F Value ($ Billion)
13.3.1. Market Drivers 2021 – 2026
13.3.2. Constraints on the market 2021 – 2026
14. Meat Products Market, Regional Analysis
14.1. Global Meat Products Market, By Region, Historical & Forecast, 2016-2021, 2025F, 2030F, Value (USD Billion)
14.2. Global meat products market, 2016-2026, historical and forecast, by region
14.3. Global Meat Products Market, 2021-2026, Growth and Market Share Comparison, By Region
15. Global Meat Products Market Segmentation
15.1. Global Meat Products Market, Segmentation by Type, History & Forecast, 2016-2021, 2026F, 2031F, Value (USD Billion)
15.2. Global Meat Products Market, Segmentation by Distribution Channel, History & Forecast, 2016-2021, 2026F, 2031F, Value (USD Billion)
15.3. Global Meat Products Market, Segmentation by Product Type, History & Forecast, 2016-2021, 2026F, 2031F, Value (USD Billion)
15.4. Global Meat Products Market, Segmentation by Nature, Historical & Forecast, 2016-2021, 2026F, 2031F, Value (USD Billion)
16. Global Meat Products Market Comparison with Macroeconomic Factors
16.1. Meat products market size, percentage of GDP, global
16.2. Average per capita expenditure on the meat products market, worldwide
Tyson Foods Inc.
Marfrig Global Foods
SA Danish Krone
NH Foods Ltd.
For more information on this report, visit https://www.researchandmarkets.com/r/r3rhr0
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