Report Ocean introduces a fresh report examining the Global Edible Meat Market, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Global Edible Meat Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
Global Edible Meat Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than 2.9% over the forecast period 2022-2029. Edible Meat refers to dressed carcasses, side dishes, internal organs, and other parts, these edible meats are a good source of protein which is essential for the human body. The Edible Meat market is expanding because of factors such as the rising consumption of beef and the increasing number of retail restaurant chains. The major players in this market are BRF S.A., Cargill, Inc, Sysco Corporation, Tyson Foods, Inc. and WH Group Limited.
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The consumption level of meat is increased due to reason such as high protein content and other nutrients and it is majorly consumed by people who are way too concerned about their calorie consumption. Edible meat consumption promotes the health of children, adults, and geriatric people as it contains zinc, iodine, vitamin B12, omega 3, and iron. The market value of the meat industry is projected to exceed $1.3 trillion by 2027 from $897.5 billion in 2021. The US will record its highest revenue from processed meat in 2021, with sales in Germany, her second-largest meat market in the world, nearly doubling its $28 billion. Russia, France, and Brazil are the top five countries for processed meat sales. In addition, increased demand for poultry products is expected to boost market growth by creating numerous opportunities for the edible meat market. However, the consumer shift towards vegan food is expected to stifle the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Edible Meat Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the dominance of branded products and the region’s health awareness. In 2021, China’s most consumed meat was pork, accounting for more than half of China’s per capita meat consumption, followed by chicken and beef at 31% and 13%, respectively. Mutton meat consumption, on the other hand, only accounts for 7% of total meat consumption per body weight. Africa is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, an increase in the number of collaborations for development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.
Major market players included in this report are:
- BRF S.A.
- Cargill, Inc
- NH Foods Ltd.
- JBS S.A
- Marfrig Global Foods SA
- OSI Group
- Minerva SA
- The Kraft Heinz Company
- Tyson Foods, Inc.
- Vion Group
Recent Developments in the Market:
- In August 2022, Tyson Foods announces the expansion of its Caseyville prepared food facility. The $180 million investment project will help meet the growing demand for Tyson Foods iconic Hillshire Farm® and Jimmy Dean® branded products. Production of the first line is expected to start this fall, and the expansion he plans to complete it in the summer of 2023. The Caseyville facility currently produces products for Hillshire Farm® and Jimmy Dean®, and the 170,000-square-foot expansion will allow it to produce more to-go snacks and breakfast items.
- In July 2022, BRF Sadia opens its new ‘Al Joody’ factory in Dammam, Saudi Arabia. This increases its monthly production capacity to 1,200 tons of food. This will play an integral role in the growth and development of the local poultry industry for the benefit of Saudi consumers.
- In July 2022, US-based Tyson Foods, Inc. and Saudi Arabia-based Tanmiah Food Company partnered. Tyson Foods has acquired a 15% interest in Tanmiah’s subsidiary Agriculture Development Company (ADC) and a 60% interest in Supreme Foods Processing Company. The investment will give consumers access to Saudi Arabia’s poultry supply to meet the growing demand of protein in the Middle East and other markets.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Beef
Mutton
Pork
Poultry
Other Meat
By Form:
Fresh / Chilled
Frozen / Canned
Processed
By Distribution Channel:
Off-Trade
On-Trade
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Reasons to Consider Purchasing the Edible Meat Market Report:
Comprehensive Market Insights: Delve into the depths of the Edible Meat Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Edible Meat market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the Edible Meat market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Edible Meat market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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