Meat Products Market, Global Industry Size Forecast [Latest]

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Meat Products Market worth 68.9 billion by 2028
Exclusive Report by MarketsandMarkets The
Meat Products Market, valued at USD 44.3 billion
in 2023, showcases a remarkable growth
projection, anticipated to escalate to USD 68.9
billion by 2028, indicating a robust compound
annual growth rate (CAGR) of 9.2 from 2023 to
2028according to a new report by
MarketsandMarkets. The consumption of poultry
meat has increased across nearly all countries
and regions. Consumers are drawn to poultry for
its affordability, product consistency,
adaptability, and higher protein/lower fat
content. On a per capita basis, the substantial
growth rates in poultry consumption underscore
its significant contribution to the national
diets of several densely populated
developing countries. These countries include
China, India, Indonesia, Malaysia, Pakistan, Peru
(anticipated to surpass the United States as the
second-largest per capita consumer), the
Philippines, and Vietnam. Download PDF Brochure
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sp?id53140407 Browse in-depth TOC on "Meat
Products Market 308 Tables 70 Figures 300
Pages The food service segment in the meat
products market is poised for remarkable growth
with the highest CAGR in the upcoming forecast
period. Marketing and menu promotion in the
context of restaurants involve strategic efforts
to attract customers, create brand awareness, and
drive sales of specific menu items for meat-based
dishes. The increasing demand for meat in
restaurants is influenced by a combination
of factors such as culinary innovation,
convenience, social experiences, and changing
consumer preferences. The restaurant industry
continues to adapt to evolving trends,
contributing to the sustained and growing
popularity of meat-based offerings. Various food
service types such as restaurants, takeaways,
caterers cater to a diverse range of culinary
preferences, offering various meat-based
dishes to satisfy different tastes and
cultural preferences. This diversity attracts
customers seeking a broad selection of meat
options. The convenience of dining out is a
significant factor contributing to the
demand for meat in restaurants. Consumers
often prefer the ease of having
professionally prepared meat dishes without the
need for cooking at home. The frozen segment
within the meat products market emerged as
a pivotal force in 2022, steering the
market's momentum. The increasing popularity of
frozen meat in the meat products market reflects
the changing preferences and lifestyle needs of
consumers. In an era where busy schedules are the
norm, consumers prioritize convenience and time
efficiency. Frozen meat products, which include a
variety of processed options, provide a quick and
uncomplicated meal solution that requires minimal
preparation. The flash-freezing method not only
ensures convenience but also extends the shelf
life of the products while preserving their
nutritional content. This aligns with the
growing emphasis on food safety and quality,
positioning frozen meat as a reliable choice for
consumers. Additionally, the globalized nature of
cuisine and the desire for diverse culinary
experiences have led to a demand for a broader
range of meats, a demand readily met by frozen
options. Advances in freezing technologies,
such as Individual Quick Freezing (IQF) and
cryogenic freezing, significantly contribute to
enhancing the overall quality of frozen meat
products. The increasing preference for frozen
meat is reshaping the dynamics of the meat
products market, resulting in market expansion,
heightened competition, and greater global market
penetration. Manufacturers and retailers are
adapting with creativity and strategic marketing
initiatives, shaping a dynamic and
competitive landscape within the industry.
As the momentum of the frozen meat segment
continues, it reveals promising opportunities
for both consumers and industry
stakeholders, influencing the future trajectory
of the meat market. Request Sample Pages
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.asp?id53140407 The US is poised to maintain
its dominant position within the North American
meat products market throughout the forecast
period. In 2022, the United States exhibited
higher per capita consumption and per capita
expenditure on meat compared to global and
regional levels. The predominant category was
chilled raw packaged meat-processed, followed by
fresh meat (counter), chilled raw packaged meat
whole cuts, frozen meat, cooked meats counter,
cooked meats packaged, and ambient meat. Among
the leading cities in the US meat sector, fresh
meat (counter) led in volume terms in 2020. Meat
consumption was notably higher among males than
females in the US. Hypermarkets supermarkets
emerged as the largest distribution channel in
the US meat sector in 2022, followed by food
drinks specialists and convenience stores.
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Rigid plastics emerged as the most utilized
packaging material in the US meat sector, with
flexible packaging and rigid metal following in
usage. Prominent industry players, including
Cargill (US), Hormel Foods Corporation (US),
Verde Farms (US), Lopez Foods, Inc (US) wield
substantial influence in the meat products
market. These entities boast robust manufacturing
facilities and well-established distribution
networks across pivotal regions such as North
America, Europe, South America, and the Asia
Pacific, ensuring a widespread presence and
accessibility of their products. Get 10 Free
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407 Browse Adjacent Reports _at_ Food and Beverage
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Global Forecast to 2034 About MarketsandMarkets
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