Meat Market 2024-2032: Industry Size, Share, Growth Opportunities, Forecast

The latest report published by IMARC Group, titled “Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on meat industry 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 2023. Looking forward, IMARC Group expects the market to reach US$ 1.7 Trillion by 2032, exhibiting a growth rate (CAGR) of 2.01% during 2024-2032.

Request to Get the Sample Report: https://www.imarcgroup.com/meat-market/requestsample

Factors Affecting the Growth of the Meat Industry:

• Consumer Preferences: Evolving consumer preferences play a pivotal role in shaping the meat market. Increasing awareness of health and environmental concerns prompts a shift towards plant-based alternatives, impacting meat consumption patterns. Additionally, changing lifestyles and cultural influences contribute to the demand for specific types of meats, driving market dynamics.
• Technological Advancements: Innovations in meat production technology significantly impact the market. Advances in cultured and lab-grown meat, as well as sustainable farming practices, influence both production efficiency and environmental sustainability. These technological developments cater to a growing demand for ethical and eco-friendly meat options, reshaping the industry landscape.
• Global Economic Factors: Economic conditions, including income levels and overall prosperity, influence meat consumption patterns. Rising incomes often correlate with increased meat consumption, especially in developing economies. Conversely, economic downturns may lead to shifts in consumer behavior, with potential impacts on meat market dynamics. Economic factors thus serve as a crucial determinant in shaping the global meat industry.

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/meat-market

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 Report Segmentation:

By Type:

• Raw
• Processed

Raw type represented the largest segment due to its versatility and popularity among consumers seeking unprocessed, natural meat options.

By Product:

• Chicken
• Beef
• Pork
• Mutton
• Others

Chicken accounted for the largest market share due to its lean protein content, versatility in culinary applications, and perceived health benefits.

By Distribution Channel:

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

Supermarkets and hypermarkets represent the largest segment due to their extensive reach, convenient shopping experience, and diverse product offerings.

By Region:

• 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)

Asia Pacific was the largest market for meat due to the proliferation of quick service restaurants.

Global Meat Market Trends:

The meat industry is witnessing several notable trends that reflect evolving consumer preferences and broader societal shifts. There is an escalating demand for plant-based and alternative protein products. Driven by health consciousness, environmental concerns, and ethical considerations, consumers are exploring meat substitutes derived from plants, fungi, and even cultured cells. This shift aligns with a growing emphasis on sustainable and cruelty-free food choices, reshaping the traditional landscape of the meat market.

Moreover, technology is playing a pivotal role in shaping market trends. Innovations such as precision agriculture, blockchain for supply chain transparency, and advanced processing methods are enhancing efficiency and traceability within the meat industry. Additionally, the rise of e-commerce is transforming the way consumers access meat products, with a surge in online platforms offering a diverse range of options. These market trends underscore a dynamic and adaptable industry, responding to the multifaceted demands of today's consumers while embracing innovation for a more sustainable future.

Key highlights of the report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• 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.

Contact US:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163