The Meat Global Market Report 2023, provides comprehensive information on the meat market 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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As per The Business Research Company’s Meat Global Market Report 2023, the global meat market size is expected to grow from $1.09 trillion in 2022 to $1.16 trillion in 2023 at a compound annual growth rate (CAGR) of 6.4%. 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 global meat market size is expected to reach $1.44 trillion in 2027 at a CAGR of 5.5%.
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Product innovations have emerged as the key trend gaining popularity in the meat market. Major companies operating in the meat market are developing innovative products to strengthen their position in the market. For instance, in February 2021, Tyson Foods Inc., a US-based food processor and marketer of chicken, beef, and pork, introduced Jimmy Dean Loaded Sausage Bites and Omelet Minis. The Jimmy Dean Loaded Sausage Bites and Omelet Minis are created in a single-serve cup with breakfast meats, eggs, and cheese, whereas Meat Lovers or Turkey Sausage contain 16 to 19 grams of protein, whereas Sausage & Cheddar and Gouda & Bacon contain 13 to 14 grams of protein. The Jimmy Dean Loaded Sausage Bites and Omelet Minis are intended to provide a quick warm breakfast or snack with the flavors.
The meat market is segmented:
1) By Type: Raw, Processed
2) By Product: Chicken, Beef, Pork, Mutton, Other Products
3) By Distribution Channel: Supermarkets and Hypermarkets, Departmental Stores, Specialty Stores, Online Stores, Other Distribution Channels
Asia-Pacific was the largest region in the meat market in 2022.
Top Major Players
Cargill Incorporated,
Conagra Brands Inc.,
JBS S.A.,
NH Foods Ltd.,
Tyson Foods Inc., BRF Global,
Clemens Food Group
The table of contents in TBRC’s meat market report includes:
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List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 46: Cargill Incorporated Financial Performance
Table 47: Conagra Brands Inc. Financial Performance
Table 48: JBS S.A. Financial Performance
Table 49: NH Foods Ltd. Financial Performance
Table 50: Tyson Foods Inc. Financial Performance
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