Global Meat Market By Product (Chicken, Beef, Mutton, Pork and Others), By Type (Raw and Processed), By Distribution Channel (Departmental Stores, Specialty Stores, Hypermarket/ Supermarket, Online Sales Channel, and Others), By Region, Competition, Forecast & Opportunities, 2026

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Summary

Report Description

Global meat market in the year 2020 was valued at USD2308.61 billion and is expected to reach over USD2960.04 billion by the end of 2026, growing at a CAGR of over 4.34% through 2026. Meat market is among one of the stable food markets especially in the developed countries. Continuous rise in the consumption pattern of meat eaters has been increased with a rise in the income level of people. However, it has been noted that the meat per capita consumption in developed countries is twice more than world average level.

Some of the major trends of this market include growing population, rising income and growing urbanization, innovative products offered by the company, increasing demand for meat and meat products in developing countries and additional factors like influence of healthy and ethical living will further enhance the growth of this market through 2026.

The meat industry is forced to develop new products with altered and novel formulations, such as innovative microbial enzymes in plant or animal could be used in meat industry to modify the texture of meats and meat products. Until now any growth in the addition of nutrients to meat products hasn’t been seen, but in the future, we can expect from the research and development teams of the leading brands to add value to the products. 

The global meat market is categorized based on type into processed and raw. Among them, the raw category represents almost 86% of the global meat market. As many of the industrial nations have different demands such as meat with no additives or chemical residues, minimal processing, convenient and healthy meat products, the demand for homemade and raw meat consumption is expected to increase in the upcoming years.

In terms of region, the global meat market is categorized into Asia-Pacific, Europe, North America, South America, and Middle East & Africa. Among these regions, Asia-Pacific is expected to maintain the first position in terms of market share and historical growth. As well as it is expected to contribute almost 45% of the total market for the estimated the year of 2026, followed by Europe and North America, which are expected to remain stable markets. China holds the largest market of the meat industry in terms of the country with a market size of USD292.68 billion in the year 2020. It is expected to maintain the first position in the market considering the GDP and the food consumption pattern. After China, United States of America and India hold the second and third positions at the global level.

The meat market has become an attractive destination for investments and several large multinational companies are entering this market. Some of the major companies are JBS S.A., TYSON FOODS, INC., Cargill Meat Solutions Corp., WH Group Limited, BRF S.A., SYSCO CORPORATION, Hormel Foods Corporation, ITOHAM YONEKYU HOLDINGS INC., Vion Food Group, Minerva Foods SA, and Sanderson Farms, Inc., etc. The global meat market is highly fragmented due to many local and international suppliers.

Years considered for this report:

·         Historical Years: 2016-2019

·         Base Year: 2020

·         Estimated Year: 2021

·         Forecast Period: 2022–2026

Objective of the Study:

  • To analyze the historical growth in the market size of the global meat market from 2016 to 2020.
  • To estimate and forecast the market size of the global meat market from 2021 to 2026 and growth rate until 2026.
  • To classify and forecast global meat market based on product, type, distribution channel, company, and region.
  • To identify the dominant region or segment in the global meat market.
  • To identify drivers and challenges for the global meat market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global meat market.
  • To identify and analyze the profile of leading players operating in global meat market.
  • To identify key sustainable strategies adopted by market players in the global meat market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, structures, and presence of all major players across the country.

TechSci Research calculated the market size of the global Meat market using a top-down and bottom-up approach, wherein data for the various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated them through analyzing historical data of these types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Manufacturers, distributors, and end-users
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policymakers
  • Organizations, forums, and alliances related to meat

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. 

Report Scope:

In this report, global meat market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Global Meat Market, By Product:

o   Chicken

o   Beef

o   Pork

o   Mutton

o   Others (Birds, Turkey, Venison, etc.)

·         Global Meat Market, By Type:

    • Raw
    • Processed

·         Global Meat Market, By Distribution Channel:

    • Departmental Stores
    • Specialty Stores
    • Hypermarket/ Supermarket
    • Online Sales Channel
    • Others (Direct Sellers, General Merchandised Retailers, etc.)

·         Global Meat Market, By Region:

    • Asia-Pacific
      • China
      • India
      • Vietnam
      • Japan
      • Indonesia
    • Europe
      • Russia
      • Germany
      • France
      • United Kingdom
      • Italy
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • Iran
      • South Africa
      • Egypt
      • Saudi Arabia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global meat market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.     Product Overview

2.     Research Methodology

3.     Impact of COVID-19 on Global Meat Market

4.     Executive Summary

5.     Voice of Customer

5.1.   Frequency of Purchase

5.2.   Factors Affecting Purchase Decision

5.3.   Challenges Post Purchase

5.4.   Preferred Distribution Channel

6.     Global Meat Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value

6.2.   Market Share & Forecast

6.2.1. By Product (Chicken, Beef, Pork, Mutton and Others (Birds, Turkey, Venison, etc.))

6.2.2. By Type (Raw and Processed)

6.2.3. By Distribution Channel (Departmental Stores, Specialty Stores, Hypermarket/ Supermarket, Online Sales Channel and Others (Direct Sellers, General Merchandised Retailers, etc.))

6.2.4. By Region

6.2.5. By Company (2020)

6.3.   Market Map

7.     Asia-Pacific Meat Market Outlook

7.1.   Market Size and Forecast

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Product

7.2.2. By Type

7.2.3. By Distribution Channel

7.2.4. By Country

7.3.   Asia-Pacific: Country Analysis

7.3.1. China Meat Market Outlook

7.3.1.1.         Market Size and Forecast

7.3.1.1.1.              By Value

7.3.1.2.         Market Share and Forecast

7.3.1.2.1.              By Product

7.3.1.2.2.              By Type

7.3.1.2.3.              By Distribution Channel

7.3.2. India Meat Market Outlook

7.3.2.1.         Market Size and Forecast

7.3.2.1.1.              By Value

7.3.2.2.         Market Share and Forecast

7.3.2.2.1.              By Product

7.3.2.2.2.              By Type

7.3.2.2.3.              By Distribution Channel

7.3.3. Vietnam Meat Market Outlook

7.3.3.1.         Market Size and Forecast

7.3.3.1.1.              By Value

7.3.3.2.         Market Share and Forecast

7.3.3.2.1.              By Product

7.3.3.2.2.              By Type

7.3.3.2.3.              By Distribution Channel

7.3.4. Japan Meat Market Outlook

7.3.4.1.         Market Size and Forecast

7.3.4.1.1.              By Value

7.3.4.2.         Market Share and Forecast

7.3.4.2.1.              By Product

7.3.4.2.2.              By Type

7.3.4.2.3.              By Distribution Channel

7.3.5. Indonesia Meat Market Outlook

7.3.5.1.         Market Size and Forecast

7.3.5.1.1.              By Value

7.3.5.2.         Market Share and Forecast

7.3.5.2.1.              By Product

7.3.5.2.2.              By Type

7.3.5.2.3.              By Distribution Channel

8.     Europe Meat Market Outlook

8.1.   Market Size and Forecast

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1. By Product

8.2.2. By Type

8.2.3. By Distribution Channel

8.2.4. By Country

8.3.   Europe: Country Analysis

8.3.1. Russia Meat Market Outlook

8.3.1.1.         Market Size and Forecast

8.3.1.1.1.              By Value

8.3.1.2.         Market Share and Forecast

8.3.1.2.1.              By Product

8.3.1.2.2.              By Type

8.3.1.2.3.              By Distribution Channel

8.3.2. Germany Meat Market Outlook

8.3.2.1.         Market Size and Forecast

8.3.2.1.1.              By Value

8.3.2.2.         Market Share and Forecast

8.3.2.2.1.              By Product

8.3.2.2.2.              By Type

8.3.2.2.3.              By Distribution Channel

8.3.3. France Meat Market Outlook

8.3.3.1.         Market Size and Forecast

8.3.3.1.1.              By Value

8.3.3.2.         Market Share and Forecast

8.3.3.2.1.              By Product

8.3.3.2.2.              By Type

8.3.3.2.3.              By Distribution Channel

8.3.4. United Kingdom Meat Market Outlook

8.3.4.1.         Market Size and Forecast

8.3.4.1.1.              By Value

8.3.4.2.         Market Share and Forecast

8.3.4.2.1.              By Product

8.3.4.2.2.              By Type

8.3.4.2.3.              By Distribution Channel

8.3.5. Italy Meat Market Outlook

8.3.5.1.         Market Size and Forecast

8.3.5.1.1.              By Value

8.3.5.2.         Market Share and Forecast

8.3.5.2.1.              By Product

8.3.5.2.2.              By Type

8.3.5.2.3.              By Distribution Channel

9.     North America Meat Market Outlook

9.1.   Market Size and Forecast

9.1.1. By Value

9.2.  Market Share & Forecast

9.2.1. By Product

9.2.2. By Type

9.2.3. By Distribution Channel

9.2.4. By Country

9.3.   North America: Country Analysis

9.3.1. United States Meat Market Outlook

9.3.1.1.         Market Size and Forecast

9.3.1.1.1.              By Value

9.3.1.2.         Market Share and Forecast

9.3.1.2.1.              By Product

9.3.1.2.2.              By Type

9.3.1.2.3.              By Distribution Channel

9.3.2. Canada Meat Market Outlook

9.3.2.1.         Market Size and Forecast

9.3.2.1.1.              By Value

9.3.2.2.         Market Share and Forecast

9.3.2.2.1.              By Product

9.3.2.2.2.              By Type

9.3.2.2.3.              By Distribution Channel

9.3.3. Mexico Meat Market Outlook

9.3.3.1.         Market Size and Forecast

9.3.3.1.1.              By Value

9.3.3.2.         Market Share and Forecast

9.3.3.2.1.              By Product

9.3.3.2.2.              By Type

9.3.3.2.3.              By Distribution Channel

10.  South America Meat Market Outlook

10.1.              Market Size and Forecast

10.1.1.   By Value

10.2.              Market Share & Forecast

10.2.1.   By Product

10.2.2.   By Type

10.2.3.   By Distribution Channel

10.2.4.   By Country

10.3.              South America: Country Analysis

10.3.1.   Brazil Meat Market Outlook

10.3.1.1.       Market Size and Forecast

10.3.1.1.1.           By Value

10.3.1.2.       Market Share and Forecast

10.3.1.2.1.           By Product

10.3.1.2.2.           By Type

10.3.1.2.3.           By Distribution Channel

10.3.2.   Argentina Meat Market Outlook

10.3.2.1.       Market Size and Forecast

10.3.2.1.1.           By Value

10.3.2.2.       Market Share and Forecast

10.3.2.2.1.           By Product

10.3.2.2.2.           By Type

10.3.2.2.3.           By Distribution Channel

10.3.3.   Colombia Meat Market Outlook

10.3.3.1.       Market Size and Forecast

10.3.3.1.1.           By Value

10.3.3.2.       Market Share and Forecast

10.3.3.2.1.           By Product

10.3.3.2.2.           By Type

10.3.3.2.3.           By Distribution Channel

11.  Middle East & Africa Meat Market Outlook

11.1.              Market Size and Forecast

11.1.1.   By Value

11.2.              Market Share & Forecast

11.2.1.   By Product

11.2.2.   By Type

11.2.3.   By Distribution Channel

11.2.4.   By Country

11.3.              Middle East & Africa: Country Analysis

11.3.1.   Iran Meat Market Outlook

11.3.1.1.       Market Size and Forecast

11.3.1.1.1.           By Value

11.3.1.2.       Market Share and Forecast

11.3.1.2.1.           By Product

11.3.1.2.2.           By Type

11.3.1.2.3.           By Distribution Channel

11.3.2.   South Africa Meat Market Outlook

11.3.2.1.       Market Size and Forecast

11.3.2.1.1.           By Value

11.3.2.2.       Market Share and Forecast

11.3.2.2.1.           By Product

11.3.2.2.2.           By Type

11.3.2.2.3.           By Distribution Channel

11.3.3.   Egypt Meat Market Outlook

11.3.3.1.       Market Size and Forecast

11.3.3.1.1.           By Value

11.3.3.2.       Market Share and Forecast

11.3.3.2.1.           By Product

11.3.3.2.2.           By Type

11.3.3.2.3.           By Distribution Channel

11.3.4.   Saudi Arabia Meat Market Outlook

11.3.4.1.       Market Size and Forecast

11.3.4.1.1.           By Value

11.3.4.2.       Market Share and Forecast

11.3.4.2.1.           By Product

11.3.4.2.2.           By Type

11.3.4.2.3.           By Distribution Channel

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.              JBS S.A.

14.2.              Tyson Foods, Inc.

14.3.              Cargill Meat Solutions Corp.

14.4.              WH Group Limited

14.5.              BRF S.A.

14.6.              Sysco Corporation

14.7.              Hormel Foods Corporation

14.8.              Itoham Yonekyu Holdings Inc.

14.9.              Vion Food Group

14.10.            Minerva Foods SA

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

List of Figures

Figure   1:  Global Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   2:  Global Meat Market Share, By Product, By Value, 2016-2026F

Figure   3:  Global Meat Market Share, By Type, By Value, 2016-2026F

Figure   4:  Global Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   5:  Global Meat Market Share, By Region, By Value, 2020 & 2026F

Figure   6:  Global Meat Market Share, By Company, 2020

Figure   7:  Global Meat Market Map, By Product, Market Size (USD Billion) & Growth Rate (%), 2020

Figure   8:  Global Meat Market Map, By Type, Market Size (USD Billion) & Growth Rate (%), 2020

Figure   9:  Global Meat Market Map, By Distribution Channel, Market Size (USD Billion) & Growth Rate (%), 2020

Figure   10:  Global Meat Market Map, By Region, Market Size (USD Billion) & Growth Rate (%),2020

Figure   11: Asia-Pacific Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   12: Asia-Pacific Meat Market Share, By Product, By Value, 2016-2026F

Figure   13: Asia-Pacific Meat Market Share, By Type, By Value, 2016-2026F

Figure   14: Asia-Pacific Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   15: Asia-Pacific Meat Market Share, By Country, By Value, 2020 & 2026F

Figure   16: China Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   17: China Meat Market Share, By Product, By Value, 2016-2026F

Figure   18: China Meat Market Share, By Type, By Value, 2016-2026F

Figure   19: China Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   20: India Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   21: India Meat Market Share, By Product, By Value, 2016-2026F

Figure   22: India Meat Market Share, By Type, By Value, 2016-2026F

Figure   23: India Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   24: Vietnam Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   25: Vietnam Meat Market Share, By Product, By Value, 2016-2026F

Figure   26: Vietnam Meat Market Share, By Type, By Value, 2016-2026F

Figure   27: Vietnam Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   28: Japan Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   29: Japan Meat Market Share, By Product, By Value, 2016-2026F

Figure   30: Japan Meat Market Share, By Type, By Value, 2016-2026F

Figure   31: Japan Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   32: Indonesia Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   33: Indonesia Meat Market Share, By Product, By Value, 2016-2026F

Figure   34: Indonesia Meat Market Share, By Type, By Value, 2016-2026F

Figure   35: Indonesia Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   36: Europe Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   37: Europe Meat Market Share, By Product, By Value, 2016-2026F

Figure   38: Europe Meat Market Share, By Type, By Value, 2016-2026F

Figure   39: Europe Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   40: Europe Meat Market Share, By Country, By Value, 2020 & 2026F

Figure   41: Russia Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   42: Russia Meat Market Share, By Product, By Value, 2016-2026F

Figure   43: Russia Meat Market Share, By Type, By Value, 2016-2026F

Figure   44: Russia Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   45: Germany Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   46: Germany Meat Market Share, By Product, By Value, 2016-2026F

Figure   47: Germany Meat Market Share, By Type, By Value, 2016-2026F

Figure   48: Germany Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   49: France Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   50: France Meat Market Share, By Product, By Value, 2016-2026F

Figure   51: France Meat Market Share, By Type, By Value, 2016-2026F

Figure   52: France Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   53: United Kingdom Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   54: United Kingdom Meat Market Share, By Product, By Value, 2016-2026F

Figure   55: United Kingdom Meat Market Share, By Type, By Value, 2016-2026F

Figure   56: United Kingdom Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   57: Italy Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   58: Italy Meat Market Share, By Product, By Value, 2016-2026F

Figure   59: Italy Meat Market Share, By Type, By Value, 2016-2026F

Figure   60: Italy Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   61: North America Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   62: North America Meat Market Share, By Product, By Value, 2016-2026F

Figure   63: North America Meat Market Share, By Type, By Value, 2016-2026F

Figure   64: North America Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   65: North America Meat Market Share, By Country, By Value, 2020 & 2026F

Figure   66: United States Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   67: United States Meat Market Share, By Product, By Value, 2016-2026F

Figure   68: United States Meat Market Share, By Type, By Value, 2016-2026F

Figure   69: United States Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   70: Canada Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   71: Canada Meat Market Share, By Product, By Value, 2016-2026F

Figure   72: Canada Meat Market Share, By Type, By Value, 2016-2026F

Figure   73: Canada Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   74: Mexico Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   75: Mexico Meat Market Share, By Product, By Value, 2016-2026F

Figure   76: Mexico Meat Market Share, By Type, By Value, 2016-2026F

Figure   77: Mexico Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   78: South America Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   79: South America Meat Market Share, By Product, By Value, 2016-2026F

Figure   80: South America Meat Market Share, By Type, By Value, 2016-2026F

Figure   81: South America Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   82: South America Meat Market Share, By Country, By Value, 2020 & 2026F

Figure   83: Brazil Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   84: Brazil Meat Market Share, By Product, By Value, 2016-2026F

Figure   85: Brazil Meat Market Share, By Type, By Value, 2016-2026F

Figure   86: Brazil Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   87: Argentina Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   88: Argentina Meat Market Share, By Product, By Value, 2016-2026F

Figure   89: Argentina Meat Market Share, By Type, By Value, 2016-2026F

Figure   90: Argentina Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   91: Colombia Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   92: Colombia Meat Market Share, By Product, By Value, 2016-2026F

Figure   93: Colombia Meat Market Share, By Type, By Value, 2016-2026F

Figure   94: Colombia Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   95: Middle East & Africa Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   96: Middle East & Africa Meat Market Share, By Product, By Value, 2016-2026F

Figure   97: Middle East & Africa Meat Market Share, By Type, By Value, 2016-2026F

Figure   98: Middle East & Africa Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   99: Middle East & Africa Meat Market Share, By Country, By Value, 2020 & 2026F

Figure   100: Iran Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   101: Iran Meat Market Share, By Product, By Value, 2016-2026F

Figure   102: Iran Meat Market Share, By Type, By Value, 2016-2026F

Figure   103: Iran Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   104: South Africa Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   105: South Africa Meat Market Share, By Product, By Value, 2016-2026F

Figure   106: South Africa Meat Market Share, By Type, By Value, 2016-2026F

Figure   107: South Africa Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   108: Egypt Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   109: Egypt Meat Market Share, By Product, By Value, 2016-2026F

Figure   110: Egypt Meat Market Share, By Type, By Value, 2016-2026F

Figure   111: Egypt Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Figure   112: Saudi Arabia Meat Market Size, By Value (USD Billion), 2016-2026F

Figure   113: Saudi Arabia Meat Market Share, By Product, By Value, 2016-2026F

Figure   114: Saudi Arabia Meat Market Share, By Type, By Value, 2016-2026F

Figure   115: Saudi Arabia Meat Market Share, By Distribution Channel, By Value, 2016-2026F

Frequently asked questions

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The COVID-19 pandemic has impacted the meat market in terms of supply-chain, consumer behavior and international trade because of lockdown across the globe. Various wet markets and restaurants were forced to close because of lockdown, but as the market of various nations seems to recover from the impact of COVID-19 the meat market is expected to grow at faster pace in the upcoming years.

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Major companies operating in the global meat market are JBS S.A., TYSON FOODS, INC., Cargill Meat Solutions Corp., WH Group Limited, BRF S.A., SYSCO CORPORATION, Hormel Foods Corporation, ITOHAM YONEKYU HOLDINGS INC., Vion Food Group, Minerva Foods SA, and Sanderson Farms, Inc.

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The driving factors of this market are value-added innovations like addition of more nutrition to the products, health benefits, increasing population, rising purchasing power, and increasing demand for frozen meat.

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Asia-Pacific holds the largest portion of the young population combined with increase in the consumption pattern, and with the constant rise in income level. The Asian Countries like China and India hold the largest share for the consumption of meat.

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Parvati Sharma

Account Manager BD
Press Release

Global Meat Market to Reach USD2960.04 Billion by 2026

Sep, 2021

Growing trend of protein consumption and rising disposable purchasing power are the factors driving the global meat market during the forecast period.

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