PUBLISHER: The Business Research Company | PRODUCT CODE: 1409714
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409714
Pork Global Market Report 2024
“Pork Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pork market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for pork? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The pork market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Type: Chilled; Frozen
- 2) By Packaging: Store Wrap; Modified Atmosphere Packaging; Vacuum Packaging; Shrink Bags; Others
- 3) By Application: Household; Commercial
- Companies Mentioned: JBS SA; Tyson Foods Inc.; Pilgrim's Pride Corporation; Danish Crown A/S; Vion Food Group Ltd.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Pork refers to the flesh of pigs, typically in its fresh state without salting or smoking. Pork is a rich source of iron and zinc, essential vitamins, and minerals, along with providing high-quality protein. Lean pork that has undergone minimal processing and thorough cooking can offer several nutritional benefits when incorporated into the diet.
The primary types of pork available in the market are chilled and frozen. Chilled pork denotes food that has been adequately cooled in a refrigerator but has not been frozen. Proper chilling typically occurs within the temperature range of 33°F to 42°F. Various packaging types for pork include store wrap, modified atmosphere packaging, vacuum packaging, shrink bags, and others. Pork is utilized by both households and commercial establishments.
The pork market research report is one of a series of new reports from The Business Research Company that provides pork market statistics, including pork industry global market size, regional shares, competitors with a pork market share, detailed pork market segments, market trends and opportunities, and any further data you may need to thrive in the pork industry. This pork market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed in the historical period can be ascribed to factors such as population expansion and urbanization, shifts in dietary preferences, economic advancements, as well as changes in cultural and culinary practices, along with livestock farming methods.
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 anticipated growth in the forecast period can be linked to trends in health and wellness, the adoption of sustainable farming practices, changes in dietary patterns, the rise of alternative proteins, and global concerns regarding food security and crisis resilience. Key trends expected in the forecast period encompass the popularity of plant-based and alternative proteins, the influence of digital marketing and e-commerce, considerations for environmental and animal welfare, global culinary influences, and advancements in nutritional innovation.
The surge in global meat consumption is propelling the pork market forward. Meat, comprising the edible parts of animals, is a popular food choice, with pork standing out due to its affordability, high protein content, and versatility. For example, the United States witnessed a rise in meat consumption from 10,177.30 thousand metric tons in 2020 to 10,191.61 thousand metric tons in 2021, as reported by the Organization for Economic Co-operation and Development (OECD). This increase in worldwide meat consumption is a driving force for the pork market.
The anticipated exponential growth of the global population is set to drive the pork market in the coming years. A higher population leads to a larger consumer base, creating new market opportunities for pork farmers who may need to increase production to meet growing demand. According to the United Nations Conference on Trade and Development Handbook of Statistics 2022 report in December 2022, the global population is expected to reach 8 billion by 2022, representing a 0.9% increase in 2021. Hence, the rapid growth of the global population is a key factor driving the pork market.
Product innovation is a prominent trend in the pork market, with major companies introducing innovative products to maintain their market position. For instance, in July 2022, Cargill Incorporated launched healthy omega-3 pork in collaboration with EK Slaughterhouse. This pork is produced using modern farming practices, including Cargill's Omega-3-added feed for hogs, resulting in a clean, safe product with enhanced softness compared to regular pork. EK Slaughterhouse is responsible for manufacturing and distributing this pork, utilizing the Freshour brand for marketing and creating additional distribution channels.
Leading companies in the pork market are adopting a strategic partnership approach to reduce the carbon footprint of pork production. In May 2023, BASF SE partnered with Danish Crown to demonstrate that nitrification inhibitors can reduce nitrous oxide emissions by up to 50% during the cultivation of feed crops. The initiative, funded by DLG Group and SEGES Innovation, aims to provide large-scale documentation of the climate impact of BASF's nitrification inhibitors. These substances, added to manure during spreading, have the potential to cut nitrous oxide emissions in half by delaying the transformation of ammonium to nitrate by certain bacteria in the field.
In August 2021, JBS S.A., a Brazilian meat processing company, acquired Rivalea Holdings Pty. Ltd. in Australia for an undisclosed amount. This acquisition is expected to broaden JBS' product portfolio in Australia, adding more brands and enhancing conditions for the development of the value-added business and brand in the nation. Rivalea Holdings Pty. Ltd. operates in the pork and meat industries.
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
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
The countries covered in the pork market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pork market consists of sales of bacon, ham, pork belly, pork ribs, pork steak, and pork tenderloin. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary
2. Pork Market Characteristics
3. Pork Market Trends And Strategies
4. Pork Market - Macro Economic Scenario
- 4.1. Impact Of High Inflation On the Market
- 4.2. Ukraine-Russia War Impact On the Market
- 4.3. COVID-19 Impact On the Market
5. Global Pork Market Size and Growth
- 5.1. Global Pork Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
- 5.2. Global Pork Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
- 5.3. Global Pork Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Pork Market Segmentation
- 6.1. Global Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Chilled
- Frozen
- 6.2. Global Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Store Wrap
- Modified Atmosphere Packaging
- Vacuum Packaging
- Srink Bags
- Others
- 6.3. Global Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Household
- Commercial
7. Pork Market Regional And Country Analysis
- 7.1. Global Pork Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 7.2. Global Pork Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Pork Market
- 8.1. Asia-Pacific Pork Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.3. Asia-Pacific Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 8.4. Asia-Pacific Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Pork Market
- 9.1. China Pork Market Overview
- 9.2. China Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.3. China Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
- 9.4. China Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Pork Market
- 10.1. India Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.2. India Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 10.3. India Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Pork Market
- 11.1. Japan Pork Market Overview
- 11.2. Japan Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.3. Japan Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 11.4. Japan Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Pork Market
- 12.1. Australia Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.2. Australia Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 12.3. Australia Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Pork Market
- 13.1. Indonesia Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.2. Indonesia Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 13.3. Indonesia Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Pork Market
- 14.1. South Korea Pork Market Overview
- 14.2. South Korea Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.3. South Korea Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 14.4. South Korea Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Pork Market
- 15.1. Western Europe Pork Market Overview
- 15.2. Western Europe Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.3. Western Europe Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 15.4. Western Europe Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Pork Market
- 16.1. UK Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.2. UK Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 16.3. UK Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Pork Market
- 17.1. Germany Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.2. Germany Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 17.3. Germany Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Pork Market
- 18.1. France Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.2. France Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 18.3. France Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Pork Market
- 19.1. Italy Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.2. Italy Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 19.3. Italy Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Pork Market
- 20.1. Spain Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.2. Spain Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 20.3. Spain Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Pork Market
- 21.1. Eastern Europe Pork Market Overview
- 21.2. Eastern Europe Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.3. Eastern Europe Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 21.4. Eastern Europe Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Pork Market
- 22.1. Russia Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.2. Russia Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 22.3. Russia Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Pork Market
- 23.1. North America Pork Market Overview
- 23.2. North America Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.3. North America Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 23.4. North America Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Pork Market
- 24.1. USA Pork Market Overview
- 24.2. USA Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.3. USA Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 24.4. USA Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Pork Market
- 25.1. Canada Pork Market Overview
- 25.2. Canada Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.3. Canada Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 25.4. Canada Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Pork Market
- 26.1. South America Pork Market Overview
- 26.2. South America Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.3. South America Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 26.4. South America Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Pork Market
- 27.1. Brazil Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.2. Brazil Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 27.3. Brazil Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Pork Market
- 28.1. Middle East Pork Market Overview
- 28.2. Middle East Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.3. Middle East Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 28.4. Middle East Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Pork Market
- 29.1. Africa Pork Market Overview
- 29.2. Africa Pork Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.3. Africa Pork Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- 29.4. Africa Pork Market, Segmentation By Application: Household; Commercial, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Pork Market Competitive Landscape And Company Profiles
- 30.1. Pork Market Competitive Landscape
- 30.2. Pork Market Company Profiles
- 30.2.1. JBS SA
- 30.2.1.1. Overview
- 30.2.1.2. Products and Services
- 30.2.1.3. Strategy
- 30.2.1.4. Financial Performance
- 30.2.2. Tyson Foods Inc.
- 30.2.2.1. Overview
- 30.2.2.2. Products and Services
- 30.2.2.3. Strategy
- 30.2.2.4. Financial Performance
- 30.2.3. Pilgrim's Pride Corporation
- 30.2.3.1. Overview
- 30.2.3.2. Products and Services
- 30.2.3.3. Strategy
- 30.2.3.4. Financial Performance
- 30.2.4. Danish Crown A/S
- 30.2.4.1. Overview
- 30.2.4.2. Products and Services
- 30.2.4.3. Strategy
- 30.2.4.4. Financial Performance
- 30.2.5. Vion Food Group Ltd.
- 30.2.5.1. Overview
- 30.2.5.2. Products and Services
- 30.2.5.3. Strategy
- 30.2.5.4. Financial Performance
- 30.2.1. JBS SA
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
- 34.1 Pork Market In 2028 - Countries Offering Most New Opportunities
- 34.2 Pork Market In 2028 - Segments Offering Most New Opportunities
- 34.3 Pork Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies
35. Appendix
- 35.1. Abbreviations
- 35.2. Currencies
- 35.3. Historic And Forecast Inflation Rates
- 35.4. Research Inquiries
- 35.5. The Business Research Company
- 35.6. Copyright And Disclaimer
