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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Meat Market Trends
The expansion of the foodservice sector due to rising disposable incomes is providing lucrative growth opportunities to the market. The proliferation of quick service restaurants and food chains is further bolstering the meat consumption in India and other various regions across the globe.
The adoption of convenient packaging solutions and increasing celebrity endorsements along with deployment of aggressive marketing and promotional strategies by various key market players is supporting the market expansion. Factors like rising investments on continuous food improvements and increasing availability of frozen and canned variants are also positively influencing the market’s growth.
Meat Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 1.49 trillion in 2023.
The market is projected to grow at a CAGR of 2.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.84 trillion by 2032.
The major market drivers include expansion of the foodservice sector and rising disposable incomes.
The key trends fuelling the growth of the market include growing preference for high protein diet owing to increasing health awareness and adoption of convenient packaging solutions.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The distribution channels include supermarkets and hypermarkets, specialty stores, departmental stores, and online stores, among others.
The key players in the market are Cargill Inc., Conagra Brands, Inc., JBS SA, Tyson Foods, Inc., BRF SA (Sadia), WH Group Limited, Minerva Foods SA, Clemens Food Group, Hormel Foods Corporation, NH Foods Ltd., Sysco Corporation, and Vion N.V., among others.
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