According to a market report by Lucintel, the future of the meat market looks promising with opportunities in the fresh meat and processed meat market. The global meat market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected grow with a CAGR of 2% from 2020 to 2025. The major drivers for this market are growth in per capita meat consumption in Asian countries, rising importance of private label brands, and increasing importance of protein intake among health conscious people
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In this market, pork, poultry, beef, and lamb are the major meat products. Pork meat will remain the largest segment during the forecast period due to the increasing demand for red meet and pork based various processed meat product.
Within meat market, processed meat is expected to witness the highest growth over the forecast period due to increasing demand of ready to eat and ready to cook food product along with changing lifestyle and increasing per capita income.
Asia Pacific will remain the largest region over the forecast period due to growth in per capita meat consumption in emerging economies, like China and India
BRF, Hormel Foods, JBS, NH Foods, Tyson Foods, Kraft Heinz, Cargill and WH Group are among the major meat manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global meat market by product, meat type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Meat Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global meat market by product, meat type, and region as follows:
By Product [Volume (kilotons) and analysis for 2014 – 2025]:
By Meat Type [Volume (kilotons) and analysis for 2014 – 2025]:
Processed Meat
Fresh Meat
By Region [Volume (kilotons) and analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.