Key Insights on the COVID-19 Impact on the World Meat Market In Food and Beverage Industry

The meat
industry is largest segment
of food industry. The growing demand for the high valued animal protein has
brought an increasing pressure on the livestock sector since long. It has been
observed that this sector is growing with unpredicted growth rate due to certain
driving factor such as increase in population, rising income and increasing
urbanization. According to WHO, the meat production is projected annually with
an increase to 376 million tons by 2030 from 218 million tons in 1997-1999.

But last year
during starting year of 2020, pandemic crises started that has raise the
question on the meat industry and the practices. The crises is not new to this
industry because there were number of problems the industry has faced where its
demand has fallen down and they were “Mad Cow” in 2005, SARS in the year 2003,
and another in 2005 which was ”Bird Flu”. All these endemic and pandemic in
last few decades have impacted the meat industry badly.

For
more insights and in-depth knowledge click here: https://www.databridgemarketresearch.com/covid-19-resources/covid-19-impact-on-meat-in-the-food-and-beverage-industry

Global
Plant-Based Meat Market

Global Plant-Based
Meat Market By Source (Soy, Wheat, Pea, Mycoprotein, Gluten Others), Product
(Burger Patties, Sausages, Strips & Nuggets, Meatballs, Others), Type
(Pork, Beef, Chicken, Fish, Tofu, Tempeh, Quorn, Mushroom, Seitan, RTC/RTE,
Natto, Others), Process (Grinding, Mixing, Blending, Forming/Shaping, Freezing
Systems, Storage), End-Use (Retail, Industrial), Distribution Channel (B2B,
B2C), Geography (North America, South America, Europe, Asia-Pacific, Middle
East and Africa) – Industry Trends and Forecast to 2026

The Global
Plant-Based Meat Market,
valued at USD 4291.58 million in the year 2019 is growing on the back
of rising number of buyers demanding plant-based meat product either for
clinical reasons or for practicing healthy lifestyle.

According to U.S.
Department of Agriculture, the global chicken meat trade has fallen by 4.0% to
11.7 million tons on the downward revisions for all major exporters except
Brazil. Due to this, the global chicken meat trade will get shrink by 1.0% from
the last year.



Also, producers making efforts on a continuous basis for manufacturing
plant-based meat (alternative source of protein) are the major factors
impelling the market growth. Furthermore, rising obesity rates across the
globe, coupled with consumer interest in healthier food alternatives, are also
expected to drive the demand for meatless proteins during the forecast period
of 2020-2025.



During the beginning of the coronavirus pandemic, the meat business was
hammered by warnings of meat deficiencies because of temporarily shuttered
plants and growing number of sick workers. The market leaders such as Beyond
Meat Inc., Impossible Foods Inc., and Tofurky Co. are increasing the level of
production amid pandemic and also offering discounts on their plant-based meat
products to enhance consumer base, expanding stores, and completing partnership
with the stakeholders.

Global
Meat Processing Equipment Market

Meat is a popular
perishable product. Meat is an edible part of animal having high content of
proteins which can be manufactured and prepared from animal tissues. Meat
processing equipment is used in converting the raw meat ingredients into
ready-to-eat meat and other meat forms as per the demand of the consumer. This
processing equipment helps in removing the toxin and enhancing the meat
consistency hence preserving the meat. Meat processing affects the physical and
chemical characteristics of the product due to physical forces, heat as well as
the addition of salts, some essences, spices and other flavoring agents or
processing aids. Poultry is the offering almost all types of processed meat,
with an approximately 38 percent share of the global market.

Global
Processed Meat Market 

Global Processed
Meat Market By Type (Chilled, Frozen, Canned/Preserved), Meat Type (Poultry,
Beef, Pork , Mutton), Processing Technology (Fresh Processed Meat, Raw Cooked
Meat, Pre Cooked meat, Raw Fermented Sausages, Cured meat, Dries Meat), Product
Type (Cured, Uncured), Distribution Channel (Hypermarket/Supermarket,
Convenience/Departmental Store, Specialty Store, Horeca, Others), Geography
(North America, South America, Europe, Asia-Pacific, Middle East and Africa) –
Industry Trends and Forecast to 2026

Market
Analysis: Global Processed Meat Market

Global processed
meat market is expected to rise to an estimated value of USD 1712.33 billion by
2026, registering a healthy CAGR during the forecast period of 2019-2026. This
rise in market value can be attributed to rising need of ready-to-eat and
convenient food.

Key
Insights in the report:

·       
Competitive
analysis of key competitors involved in the market

·       
Complete
analysis of market segmentation and which segments are set to flourish in the
forecast period of 2019 to 2026

·       
Market
drivers and restraints analysis along with the analysis of the market structure