The latest report published by IMARC Group, titled “Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on meat market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global meat market size reached US$ 1.4 Trillion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.6 Trillion by 2028, exhibiting a growth rate (CAGR) of 2.3% during 2023-2028.

What is Meat?

Meat is a staple food derived from animal sources and has been a significant part of human diets for centuries. It provides essential nutrients such as protein, vitamins, and minerals, playing a vital role in maintaining overall health. Different types of meat, such as beef, chicken, pork, and fish, offer varying nutritional profiles, making them valuable options for diverse dietary needs. The production and consumption of meat have also evolved with advancements in agriculture and food processing technologies. Balancing the nutritional benefits of meat with its potential drawbacks has led to debates about the role of meat in diets and the need for more conscious consumption. People are increasingly exploring flexitarian, vegetarian, and vegan diets as they consider health, ethical, and environmental factors.  

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What are the growth prospects and trends in the meat industry?

The growing awareness of the environmental impact of meat production is driving the global market. Concerns about deforestation, greenhouse gas emissions, and water usage associated with traditional livestock farming have prompted a rise in interest in alternative protein sources. Plant-based and cultivated meat products have gained traction as eco-friendly and sustainable alternatives that require fewer resources and have a smaller carbon footprint. Additionally, health-conscious consumers are redefining their dietary preferences, with many seeking leaner and more nutritious protein options. This has given rise to a demand for lean meats, organic and grass-fed products, and an increased focus on labeling transparency. Technological innovations, such as cellular agriculture and 3D printing of meat products, are revolutionizing the industry by providing novel methods for producing meat without the conventional need for extensive land use and animal rearing.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • BRF S.A.
  • Cargill Incorporated
  • Clemens Food Group
  • Conagra Brands Inc.
  • Hormel Foods Corporation
  • JBS S.A.
  • Minerva Foods SA
  • NH Foods Ltd.
  • Sysco Corporation
  • Tyson Foods Inc.
  • Vion Food Group
  • WH Group Limited

Meat Market Segmentation:

Our report has categorized the market based on region, type, product and distribution channel.

Type Insights:

  • Raw
  • Processed

Product Insights:

  • Chicken
  • Beef
  • Pork
  • Mutton
  • Others

Distribution Channel Insights:

  • Supermarkets and Hypermarkets
  • Departmental Stores
  • Specialty Stores
  • Online Stores
  • Others

Regional Insights: 

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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