Meat Market 2021 Industry Trends, Share and Size, Complete Data Analysis across the Region and Globe, Opportunities and Growth Forecast 2025

REPORT HIGHLIGHT

The meat market is estimated to represent a global market of USD 903.8 billion by 2017 with growth rate of 2.3%.

Market Taxonomy

The meat market covers market estimation of chilled raw packaged processed meat, ambient meat, chilled raw packaged whole cut meat, cooked counter meats, cooked packaged meats, fresh counter meat, and frozen meat products.

Product Takeaway

In terms of products, the industry is categorized as Chilled Raw Packaged Meat – Whole Cuts, Fresh Meat (Counter), Chilled Raw Packaged Meat – Processed, Frozen Meat, Cooked Meats – Packaged, Cooked Meats – Counter, and others. Among which, fresh meat counter accounted for the highest share of the overall market, captured more than 40% share in 2017. The demand for fresh meat is uplifting in developed as well as developing regions.

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Nowadays, consumers pay more attention to the information such as the origin as well as processing of the meat and prefer to buy high welfare meat. Such factors are expected to drive the growth of fresh meat counter in foreseeable future. Also, chilled raw packaged whole cuts meat recorded around USD 161.2 billion in 2017 and is anticipated grow with a strong growth rate over the forecast period.

Distribution Channel Takeaway

The distribution channel is categorized as Hypermarkets, Convenience Stores, Warehouse Clubs, and others. Larger retailers, such as hypermarkets can make bulk purchases and negotiate on price with manufacturers which would, in turn, provide a strong platform for hypermarket distribution channel growth. Hypermarkets are unlikely to be swayed by brand loyalty, but they will have to stock brands preferred by consumers in order to remain competitive.

Regional Takeaway

Geographically, developed regions such as North America and Europe posted respective CAGR of 18.2% and 24.6% to an approximate value of 219.6 billion and 302.8 billion respectively. The growth of these regions is mainly attributed to the rising meat demand coupled with increasing number of distribution channels. Asia Pacific region is likely to be the fasted growing segment owing to the large consumer base coupled with growing

Key Vendor Takeaway

The worldwide meat industry is highly fragmented in nature, with around four to five leading competitors accounting for approximately 5.0% of the market’s value. WH Group Limited and Tyson Foods, Inc., being a global player, do not have enough market share to completely dominate. WH Group offers meat products, and meat processing services, which it offers through Shuanghui Development and Smithfield Foods (subsidiary firm).

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Shuanghui offers a wide range of retorted and pasteurized packaged meat products and chilled and fresh pork. Other companies such as Tyson Foods, Inc., Itoham Foods Inc., and BRF S.A. are profiled with attributes such as company overview, financial highlights, and key developments.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2014 & 2016

Base Year – 2017

Estimated Year – 2018

Projected Year – 2025

TARGET AUDIENCE

Traders, Distributors, and Suppliers

Manufacturers

Government and Regional Agencies and Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

Chilled Raw Packaged Meat – Whole Cuts

Fresh Meat (Counter)

Chilled Raw Packaged Meat – Processed

Frozen Meat

Cooked Meats – Packaged

Cooked Meats – Counter

Others

MARKET, BY DISTRIBUTION CHANNEL

Hypermarkets

Convenience Stores

Warehouse Clubs

Others

MARKET, BY REGION

North America

U.S.

Canada

Europe

Germany

France

Rest of Europe

Asia Pacific

India

China

Rest of APAC

Rest of the World

Middle East and Africa

Latin America


About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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