Meat refers to the edible flesh of animals that is consumed as food by humans, forming a fundamental part of diets across the globe. It is derived from various livestock and poultry species and is prepared and consumed in diverse forms to suit regional culinary traditions and dietary preferences.
The meat market consists of sales by entities (organizations, sole traders and partnerships) of meat products that are primary source of protein and other essential nutrients, making it a significant component of both individual meals and the food industry.
The global meat market was valued at $796,156.40 million in 2018 which grew up till 2023 at a compound annual growth rate (CAGR) of more than 5.00%.
Increase In Disposable Income
The increase in disposable income propelled the growth of the meat market. The increase in disposable income has enabled consumers to spend more on premium and diverse meat products, driving the growth of the meat market by expanding demand for higher-quality and varied meat options. For instance, disposable personal income in India increased to 272,995,370 INR million ($3,283,241.61 million) in 2022, from 238,573,760 INR million ($2,869,262.20 million) in 2021. According to the Australian Bureau of Statistics, an Australia-based government agency, disposable personal income in Australia increased to 387,822 AUD million ($260,703.67 million) in the fourth quarter of 2023, from 369,000 AUD million ($250,008.57 million) in the fourth quarter of 2022. Therefore, the increase in disposable income propelled the growth of the meat market, during the historic period.
Strategic Partnerships And Acquisition Among Major Players To Enhance Product Offerings
Companies in the meat market are increasingly prioritizing strategic partnerships to enhance supply chain resilience, expand market reach and leverage technological innovations for sustainable growth. These collaborations enable firms to strengthen their competitive advantage in a rapidly evolving industry. Companies in the meat market are increasingly prioritizing strategic acquisitions to expand their product portfolios, enter new markets and achieve operational efficiencies, enabling them to strengthen their market position and drive growth. For instance, In September 2024, Vion Food Group is a Netherlands- based producer of meat, meat products and plant-based alternatives and has partnered with Tonnies Group. The aim of this strategic partnership is to acquire most of its German beef operations as well as to ensure Vion's continued success and expansion under Tonnies' management. The deal includes Vion's beef operations in Buchloe, Crailsheim and Waldkraiburg, Hilden deboning facility, two hide processing plants in Memmingen and Eching-Weixerau and most of Vion's central support activities in Germany. Tonnies Lebensmittel GmbH & Co. KG is a Germany-based company provider of in pork and beef processing.
The global meat market is fairly fragmented, with large number of players operating in the market. The top ten competitors in the market made up to 16.76% of the total market in 2023.
Meat Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global meat market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for meat? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The meat 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 history and forecasts market growth by geography. It places the market within the context of the wider meat market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by product and by distribution channel.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the meat market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by product and by distribution channel in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for meat providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Raw Meat; Processed Meat
- 2) By Product: Chicken; Beef; Pork; Other Products
- 3) By Distribution Channel: Supermarkets And Hypermarkets; Producers; Specialty Stores; Online Stores; Other Distribution Channels
- Companies Mentioned: JBS SA.; Tyson Foods Inc.; WH Group Limited; Sysco Corporation; Perdue Farms Incorporated
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- 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; meat indicators comparison.
- 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.