Meat and Poultry market 2.97 CAGR Growth Outlook 2024-2030

Key Insights

The Meat and Poultry market size was valued at USD 6.31 USD Billion in 2023 and is projected to reach USD 7.74 USD Billion by 2032, exhibiting a CAGR of 2.97 % during the forecast period.  Meat and poultry refer to the edible flesh of animals used as food. Meat generally includes the flesh of mammals like beef (from cattle), pork (from pigs), and lamb (from sheep), while poultry encompasses birds such as chicken, turkey, and duck. Key features of meat and poultry include their high protein content, essential vitamins, and minerals such as iron and zinc. They are categorized based on factors like fat content, tenderness, and processing methods. Common types of meat include steaks, roasts, and ground meat, whereas poultry products include whole birds, fillets, and nuggets. These foods are integral to many diets worldwide, utilized in diverse applications from grilling and roasting to being key ingredients in soups, stews, and sandwiches.

Meat and Poultry Market Trends

• Increasing urbanization and changing lifestyles
• Rising demand for convenience foods
• Health consciousness among consumers

Driving Forces: What's Propelling the Meat and Poultry Market

• Growing population and urbanization
• Expanding middle class
• Increasing disposable income

Challenges and Restraints in the Meat and Poultry Market

• Fluctuating raw material prices
• Growing concerns over animal welfare
• Competition from plant-based meat alternatives

Emerging Trends in the Meat and Poultry Market

• Development of new meat products (e.g., cultured meat)
• Focus on sustainability
• E-commerce and direct-to-consumer sales

Growth Catalysts in the Meat and Poultry Market Industry

• Technological advancements (e.g., automated processing)
• Government support for sustainable farming practices
• Strategic partnerships and mergers and acquisitions

Market Segmentation: Meat and Poultry Market Analysis

Type:

• Flavored Meat and Poultry
• Unflavored White Meat and Poultry

Distribution Channel:

• Supermarkets/Hypermarkets
• Specialty Stores
• Convenience Stores
• Online Retail

Leading Players in the Meat and Poultry Market

• Cargill Meat Solutions
• Tyson Foods, Inc.
• JBS USA
• Smithfield Foods
• Sysco Corp
• Conagra Brands Inc.
• Hormel Foods Corp
• National Beef Packing Co
• Maple Leaf Foods
• Perdue Farms

Significant Developments in the Meat and Poultry Market Sector

• Cargill's acquisition of The Chefs' Warehouse
• Tyson Foods' investment in alternative protein startups
• JBS's expansion into plant-based meat production

Comprehensive Coverage Meat and Poultry Market Report

• Market Size and Growth Analysis
• Regional Analysis
• Competitive Landscape
• SWOT Analysis
• Key Trends and Innovations
• Opportunities and Challenges
• Future Market Outlook

Regional Insight

North America is the largest region in the meat and poultry market, followed by Asia-Pacific.

Consumer Side Analysis

Consumers are increasingly health-conscious and demanding products that are sustainably produced.

DROCs

• Drivers: Growing population, urbanization, and disposable income
• Restraints: Fluctuating raw material prices, animal welfare concerns
• Opportunities: Technological advancements, sustainability focus
• Challenges: Competition from plant-based meat alternatives