Beef Market Outlook, Size, Share, Report, Forecast 2032

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The Meat Products Global Market Report 2023 by The Business Research Company, provides meat products market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/meat-products-global-market-report

According to The Business Research Company’s Meat Products Global Market Report 2023, the global meat products market size grew from $903.06 billion in 2022 to $969.18 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global meat products market is expected to grow to $1232.9 billion in 2027 at a CAGR of 6.2%.

The world’s population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food, including meat products.

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The meat products market is segmented:

1) By Type: Pork, Mutton Other Meat Products

2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels

3) By Product Type: Chilled, Frozen, Canned/Preserved

4) By Nature: Organic, Conventional

Meat processing companies are adopting robotics and automation technology to maximise production efficiency. Robotic systems automate deboning, cutting, butchering, and monitoring processes in meat production. This decreases cycle times and increases throughput. Automation enables meat processing companies to improve plant conditions, reduce contamination, and make meat processing safer for workers as well as consumers. Robots can help manufacturers transfer a wide range of meat and sausages from conveyor belts to trays at a rate of up to 240 cycles per minute. Plants with fixed automation systems increase yields by at least 2-3%. For example, Image-Meater from CSB is a special hardware and software solution that fully classifies the sides of the pork automatically into different quality levels. Also, JBS, the world’s largest meat processor, has acquired a majority stake in Scott Technology Ltd., a leading robotics manufacturer, to automate its meat processing plants to capitalize on the growing demand for automation in meat processing plants.

The meat products market report table of contents includes: