Overview and Scope
Pork refers to pig flesh that is typically fresh and has not been salted or smoked. The body requires iron and zinc, two vitamins and minerals that are abundant in pork. The high-quality protein it provides is also great. When added to diet, lean pork that has undergone minimal processing and has been completely cooked can offer several advantages.
Sizing and Forecast
The pork market size has grown steadily in recent years. It will grow from $152.13 billion in 2023 to $155.57 billion in 2024 at a compound annual growth rate (CAGR) of 2.3%. The growth in the historic period can be attributed to population growth and urbanization, changing dietary preferences, economic development, cultural and culinary practices, livestock farming practices..
The pork market size is expected to see steady growth in the next few years. It will grow to $169.49 billion in 2028 at a compound annual growth rate (CAGR) of 2.2%. The growth in the forecast period can be attributed to health and wellness trends, sustainable farming practices, dietary shifts and alternative proteins, global food security, crisis resilience.. Major trends in the forecast period include plant-based and alternative proteins, digital marketing and e-commerce, environmental and animal welfare considerations, global culinary influences, nutritional innovation..
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Segmentation & Regional Insights
The pork market covered in this report is segmented –
1) By Type: Chilled, Frozen
2) By Packaging: Store Wrap, Modified Atmosphere Packaging, Vacuum Packaging, Srink Bags, Others
3) By Application: Household, Commercial
Asia-Pacific was the largest region in the pork market in 2023. The regions covered in the pork market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in consumption of meat around the globe is driving the pork market going forward. Meat refers to the meat or other edible components of animals (often domesticated cattle, swine, and sheep) used for food, which may also include tendons, ligaments, and muscles. Pork is an excellent option for meals and consumption since it is an affordable meat to produce, has a high protein content, and is adaptable. For instance, according to OCED (Organization for Economic Co-operation and Development), an intergovernmental organization based in France, the US consumed 10,177.30 thousand metric tons of meat in 2020, which increased to 10,191.61 thousand metric tons in 2021. Therefore, the increase in the consumption of meat across the globe is driving the market for pork.
Key Industry Players
Major companies operating in the pork market report are JBS SA, Tyson Foods Inc., Pilgrim’s Pride Corporation, Danish Crown A/S, Vion Food Group Ltd., WH Group Limited, Hormel Foods Corporation, Muyuan Foods Co. Ltd., China Yurun Food Group Co. Ltd., Bridgford Foods Corporation, Coca Foods International Co. Ltd., Craig Mostyn Group, The Tonnies Group, Monogram Food Solutions LLC, Cargill Inc., Smithfield Foods Inc., Sysco Corporation, Sanderson Farms Inc., Seaboard Foods LLC, Triumph Foods LLC, Prestage Farms Inc., The Maschhoffs LLC, Clemens Food Group LLC, Indiana Packers Corporation, Hatfield Quality Meats Inc., Johnsonville Sausage LLC, Smithfield Farmland Corp., Maple Leaf Foods Inc. .
The pork market report table of contents includes:
1. Executive Summary
2. Pork Market Characteristics
3. Pork Market Trends And Strategies
4. Pork Market – Macro Economic Scenario
5. Global Pork Market Size and Growth
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31. Global Pork Market Competitive Benchmarking
32. Global Pork Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Pork Market
34. Pork Market Future Outlook and Potential Analysis
35. Appendix
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