The Meat, Poultry And Seafood by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Meat, Poultry And Seafood Market:
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According to The Business Research Company’s Meat, Poultry And Seafood, The meat, poultry and seafood market size has grown strongly in recent years. It will grow from $1527.25 billion in 2023 to $1623.6 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increasing rise in disposable income, increased popularity of seafood products, low interest rates, and emerging markets growth.
The meat, poultry and seafood market size is expected to see strong growth in the next few years. It will grow to $2037.24 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increased awareness about the health benefits, increasing population, and increased demand for quality and sustainability. Major trends in the forecast period include increased awareness about the health benefits, increasing population, and increased demand for quality and sustainability
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. According to The Agricultural Outlook by the OECD and FAO, global cereal production is projected to increase by 13% by 2027. Crop production, farming activities, and trade volumes will have to increase to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for meat, poultry, and seafood products due to the rising population during the forecast period.
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The meat, poultry and seafood market covered in this report is segmented –
1) By Type: Meat Products, Poultry, Seafood
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channel
3) By Nature: Organic, Conventional
Poultry processing companies are increasingly using 3D imaging systems to optimize yields. 3D imaging systems model the poultry bird using sensors and actuators to determine the position of the cut. The bird is put under the vision system, which takes the images and measurements, and the geometry is determined. Near-infrared sensors determine the amount of meat and bone present in the bird. Vision analysis enables the system to perform optimal cuts for each bird regardless of its size and shape. It is a data-driven process that maximizes the yield and minimizes the per-unit cost for poultry meat processing. Major companies involved in pioneering this technology include Gainco, a meat and poultry equipment manufacturer, and Midwest Machine LLC.
The meat, poultry and seafood market report table of contents includes:
1. Executive Summary
2. Meat, Poultry And Seafood Market Characteristics
3. Meat, Poultry And Seafood Product/Service Analysis -Product/Service Examples
4. Meat, Poultry And Seafood Market Trends And Strategies
5. Meat, Poultry And Seafood Market – Macro Economic Scenario
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26. Germany Meat, Poultry And Seafood Market
27. France Meat, Poultry And Seafood Market
28. Italy Meat, Poultry And Seafood Market
29. Spain Meat, Poultry And Seafood Market
30. Austria Meat, Poultry And Seafood Market
Top Major Players:
- JBS S.A
- Tyson Foods Inc
- WH Group Limited
- Marfrig Global Foods S.A
- Pilgrim’s Pride Corporation
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