$1,345.9 Billion Meat Market by Product Type, Animal Type, Distribution Channel, B2B – Global Forecast to 2029 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Meat Market by Product Type, Animal Type, by Distribution Channel, B2B – Global Forecast to 2029” report has been added to from ResearchAndMarkets.com offer.

The meat market is expected to register a CAGR of 5.7% from 2022 to 2029 to reach $1,345.9 billion by 2029. Additionally, in terms of volume, the meat market is expected to register a CAGR of 1.1% from 2022 to 2029 to reach 374.4 million tonnes ec by 2029.

The growth of this market is mainly attributed to the growing demand for animal-based foods, high-protein diets, and functional meat products.

Additionally, rising awareness of organic processed meat products and growing demand for gluten-free products are expected to provide lucrative growth opportunities for players in the meat market. However, the carcinogenic effects of processed meat and the growing awareness about the benefits of meat alternatives are hampering the market growth to some extent.

The global meat market is segmented on the basis of animal type, product type and distribution channel. The study also assesses industry competitors and analyzes the market at regional and country level.

Based on animal type, the global meat market is segmented into cattle and buffaloes, pigs, poultry, sheep and goats, and other animals. In terms of value, in 2022, the cattle and buffalo segment is expected to account for the largest share of the global meat market owing to the growing demand for beef as it is one of the important sources of protein.

Comparatively, beef and buffalo meat has a higher protein content than chicken, pork, turkey, and lamb. Awareness associated with consumption of protein through nutritious foods and increasing preference for beef over other meats due to various diseases associated with poultry and pork are further expected to boost the growth of this market.

Based on product type, the global meat market is segmented into processed and fresh meat. In terms of value, in 2022, the processed meat segment is expected to grow at the highest CAGR over the forecast period owing to its ease of use, high availability and shelf life, and the increasing demand for ready-to-cook food products due to busy lifestyles. Furthermore, increasing urbanization and rising per capita income among millennials are further expected to drive the growth of the processed meat market over the forecast period.

On the basis of distribution channel, the global meat market is segmented into business-to-consumer (B2C) and business-to-business (B2B). In terms of value, in 2022, the business-to-consumer (B2C) segment is expected to hold the majority of the global meat market.

The increasing number of supermarkets and hypermarkets and the increase in the overall sales of products from these outlets; consumer preference for shopping at traditional grocers due to ease of access and availability; and the growing use of e-commerce platforms for purchasing essential goods are some of the major factors behind the large share of this segment.

In terms of value, in 2022, Asia-Pacific is estimated to account for the largest share of the global meat market owing to growing awareness of the importance of high protein diets, increasing technological advancements and innovations of new products in the food sector. and beverages, rapid economic growth and strong demand for meat and meat products in developing countries, including China and India.

Additionally, rapid urbanization, rising incomes and changing lifestyles in the Asia-Pacific region have driven consumers to opt for convenient ready-to-cook meat products.

Key players

The report includes a competitive landscape based on an in-depth assessment of key strategic developments adopted by leading industry market players over the past 4-5 years.

Market overview

Drivers

  • Increase in demand for foods of animal origin

  • Growing demand for high protein diets

  • Growing demand for functional meat products

Constraints

  • Carcinogenic effects of processed meat

  • Growing awareness of the benefits of meat substitutes

Opportunities

  • Increase in demand for organic processed meat products

Challenges

  • Risk of Antimicrobial Resistance (AMR)

Tendencies

  • E-Commerce Developments in Food Marketing

  • Growing gluten-free trend

The impact of Covid-19 on the meat market

Price analysis

Import-Export analysis

Key players profiled in the Global Meat Market research report are

  • Cargill Inc.

  • Tyson Foods Inc.

  • JBS S.A.

  • Hormel Foods Corporation

  • American Foods Group LLC

  • Koch Foods Inc.

  • Smithfield Foods Inc.

  • National Beef Packing Company LLC

  • Perdue Farms Inc.

  • Allanasons Private Limited

Report Scope:

Global meat market, by product

  • Processed meat

  • Frozen Meat

  • Chilled meat

  • canned meat

  • Fresh meat

Global meat market, by type of animal

  • Cattle and buffaloes

  • Pig

  • Poultry

  • Sheep and Goat

  • Other animals

Global meat market, by distribution channel

  • Business to consumer (B2C)

  • modern grocery store

  • Wet market and butchers

  • convenience stores

  • Other Channels

  • Business to business (B2B)

Meat market, by geography

  • North America

  • WE

  • Canada

  • Europe

  • Germany

  • France

  • Italy

  • UK

  • Spain

  • Rest of Europe (RoE)

  • Asia-Pacific (APAC)

  • China

  • Japan

  • India

  • Australia

  • Rest of APAC (RoAPAC)

  • Latin America

  • Brazil

  • Mexico

  • Argentina

  • Rest of Latin America (RoLATAM)

  • Middle East and Africa

For more information on this report, visit https://www.researchandmarkets.com/r/rs2aq1

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