Market Insights: Global Meat & Poultry Market Forecast and Innovation Trends (2024 - 2031)

The "Meat & Poultry Market" prioritizes cost control and efficiency enhancement. Additionally, the reports cover both the demand and supply sides of the market. The Meat & Poultry market is anticipated to grow at an annual rate of 11.1% from 2024 to 2031.

This entire report is of 153 pages.

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Meat & Poultry Market Outlook and Report Coverage 

The global Meat & Poultry market has been experiencing significant growth in recent years, driven by factors such as changing consumer preferences towards protein-rich diets, increasing disposable income, and the rise of convenience food products. According to recent market research, the Meat & Poultry market is projected to continue growing at a steady pace, with a CAGR of around 4% over the forecast period. Key trends contributing to this growth include the increasing demand for organic and natural Meat & Poultry products, as well as the expanding distribution channels and market penetration in emerging economies. As industry experts, it is imperative to adapt to these market trends to capitalize on the growing opportunities within the Meat & Poultry sector.

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Market Trends influencing the Meat & Poultry market 

- Plant-based meat alternatives: Increasing popularity of plant-based meat substitutes due to health and environmental concerns.

- Clean meat: Growing interest in lab-grown or cultured meat as a sustainable and ethical alternative to traditional meat production.

- Traceability and transparency: Consumers demanding more information about the source and production of meat products.

- Premiumization: Rising demand for high-quality, ethically sourced meat products.

- Online retail: Shift towards online meat and poultry shopping due to convenience and accessibility.

Overall, the Meat & Poultry market is experiencing growth driven by innovative products and consumer preferences geared towards health, sustainability, and transparency.

Meat & Poultry Market Key Companies & Share Insights 

Among the listed companies, market leaders in the Meat & Poultry industry are Tyson Foods Inc., JBS USA Holdings Inc., and Cargill Meat Solutions Corp. These companies have established themselves as key players in the market due to their strong global presence, diverse product offerings, and consistent supply chain operations.

New entrants in the Meat & Poultry market include CTI Foods LLC, Wolverine Packing Co., and Agri Beef Co. These companies bring innovation, technology, and unique products to the market, offering fresh perspectives and competition to the industry.

All of these companies play a significant role in growing the Meat & Poultry market by offering a wide range of products to cater to various consumer demands, investing in research and development to improve product quality and safety, and expanding their distribution networks to reach more customers. Collaborations between these market leaders and new entrants can also lead to new product developments, increased market reach, and overall industry growth.

• Tyson Foods Inc.
• JBS USA Holdings Inc.
• Cargill Meat Solutions Corp.
• OSI Group LLC
• Hormel Foods Corp.
• SYSCO Corp.
• National Beef Packing Co. LLC
• American Foods Group LLC
• Keystone Foods LLC
• Greater Omaha Packing
• CTI Foods LLC
• Wolverine Packing Co.
• Agri Beef Co.
• West Liberty Foods LLC
• Kenosha Beef International Ltd.

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Market Segmentation 2024 to 2031:

 In terms of Product Type, the Meat & Poultry market is segmented into:

• Meat
• Poultry

Meat refers to the flesh of animals such as beef, pork, and lamb, while poultry includes birds like chicken and turkey. Both types of protein are rich in essential nutrients like protein, iron, and B vitamins, making them popular choices in diets worldwide. The variety of cuts and cooking methods available for meat and poultry makes them versatile options for a range of culinary dishes. Additionally, meat and poultry are widely consumed in different cultural cuisines, further driving the demand for these products in the global market.

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In terms of Product Application, the Meat & Poultry market is segmented into:

• Home
• Commercial

Meat & Poultry are widely used in both home and commercial settings. In homes, they are commonly used for preparing family meals, barbecues, and special occasions. In commercial settings, they are used in restaurants, catering services, and food processing industries. The fastest growing application segment in terms of revenue is the commercial sector, driven by the increasing demand for convenient ready-to-eat meals and the rising popularity of meat-heavy dishes in restaurants. This growth is also fueled by the expanding global population and the growing consumer preference for high-protein diets.

Regional Analysis of Meat & Poultry Market

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The meat and poultry market is expected to witness significant growth in various regions around the world. North America, particularly the United States and Canada, is expected to dominate the market due to high consumption rates and increasing demand for protein-rich food products. Similarly, Europe, with key players like Germany, France, the ., and Italy, is also projected to witness substantial growth. In Asia-Pacific, countries like China, Japan, South Korea, and India are expected to contribute significantly to market growth, along with emerging markets like Australia, Indonesia, Thailand, and Malaysia. Latin America, including Mexico, Brazil, Argentina, and Colombia, is also forecasted to show promising growth. In the Middle East & Africa, countries like Turkey, Saudi Arabia, and the UAE are expected to drive market growth along with South Korea.

In terms of market share percentage valuation, North America is expected to hold the largest share followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa regions. The expected market share of the meat and poultry market in North America is estimated to be around 30%, Europe at 27%, Asia-Pacific at 23%, Latin America at 15%, and the Middle East & Africa at 5%. These regions are expected to dominate the market and drive overall growth in the meat and poultry industry.

Key Drivers and Barriers in the Meat & Poultry Market 

Key drivers propelling growth in the Meat & Poultry Market include increasing consumer demand for protein-rich diets, rising disposable income, and growing trend of convenience and ready-to-eat products. Innovative solutions to overcome barriers and challenges faced by the industry include implementing sustainable and ethical practices in production, adopting advanced technology in processing and packaging, and introducing plant-based alternatives to cater to changing consumer preferences. By focusing on sustainability, technology, and consumer trends, the industry can continue to thrive and address challenges such as environmental concerns and health issues associated with traditional meat consumption.

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