Dublin, August 16, 2022 (The Globe Newswire) – The Meat Market by Product Type, Animal Type, by Distribution Channel, Company to Company – Global Outlook to 2029 Report added to ResearchAndMarkets.com’s Show.
The meat market is expected to register a CAGR of 5.7% from 2022 to 2029 to reach $1,345.9 billion by 2029. Moreover, in terms of volume, the meat market is expected to register a CAGR of 1.1% from 2022 to 2029, to reach 374.4 million pressurized tons by 2029.
The growth of this market is mainly attributable to the increasing demand for animal foods, high protein diets, and functional meat products.
Furthermore, the growing awareness of organic processed meat products and the increasing demand for gluten-free products is expected to provide profitable growth opportunities for stakeholders in the meat market. However, the carcinogenic effects of processed meat and the increased awareness of the benefits of meat substitutes are hampering market growth to some extent.
The global meat market is segmented on the basis of animal type, product type, and distribution channel. The study also assesses competitors in the industry and analyzes the market at the regional and country level.
Based on animal type, the global meat market is further segmented into cattle, buffalo, pig, poultry, sheep, goat and other animals. In terms of value, the beef and buffalo sector in 2022 is expected to represent the largest share of the global meat market due to the increasing demand for beef, as it is one of the important protein sources.
In comparison, beef and buffalo have a higher protein content than chicken, pork, turkey, and lamb. Awareness related to consumption of protein through highly nutritious foods and growing preference for beef over other meat due to various diseases associated with poultry and swine are also expected to drive the growth of this market.
Based on product type, the global meat market is segmented into processed and fresh meat. In terms of value, in 2022, the processed meat segment is expected to grow at the highest CAGR during the forecast period due to its ease of use, high availability and shelf life, and increased demand for ready-to-cook food products due to busy lifestyles. Increased urbanization and increased per capita income among millennials are also expected to fuel the growth of the processed meat market during the forecast period.
Based on distribution channel, the global meat market is segmented into business-to-consumer (B2C) and business-to-business (B2B) segments. In terms of value, in 2022, the business-to-consumer (B2C) segment is expected to occupy the largest share of the global meat market.
The growing number of supermarkets and hypermarkets and the increase in overall product sales from these outlets; Consumer’s preference for shopping from traditional groceries due to ease of access and availability; Increasing use of e-commerce platforms to purchase basic commodities are some of the main factors behind the larger share of this sector.
In terms of value, in 2022, the Asia Pacific region is expected to capture the largest share of the global meat market due to increased awareness of the importance of protein-rich diets, increasing technological advances, new product innovations in the food and beverage industry, fast-growing economy, and strong demand. on meat and meat products in developing countries including China and India.
Moreover, rapid urbanization, rising incomes, and changing lifestyles in the Asia Pacific region have made consumers opt for ready-to-cook meat products.
The main players
The report includes a competitive landscape based on a comprehensive assessment of the key strategic developments adopted by the major market participants in the industry over the past 4-5 years.
Increasing demand for animal food
Increasing demand for high-protein diets
Increasing demand for functional meat products
The impact of Covid-19 on the meat market
Import and export analysis
The major players described in the Global Meat market research report are:
Scope of the report:
Global Meat Market by Product
Global meat market by animal type
Cattle and buffalo
sheep and goats
Global meat market, by distribution channel
Business to Consumer (B2C)
Wet market and butcher shops
Business to Business (B2B)
Meat Market by Geography
For more information about this report visit https://www.researchandmarkets.com/r/cesv2k
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900