LONDON--(BUSINESS WIRE)--The global duck meat market is expected to post a CAGR of nearly 5% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the increasing global production of duck meat. The expansion of the production capabilities of major market vendors is a key driver that impacts the growth of the global market. The rise in the global demand for duck meat can be attributed to the increase in health benefits associated with its consumption. Subsequently, this rise in demand is substantiated by an expansion of production capacities by major vendors, which increases the choices available to customers in the market. Therefore, these factors are expected to directly impact the growth of the global duck meat market.
This market research report on the global duck meat market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the development of lab-grown meat as one of the key emerging trends in the global duck meat market:
Global duck meat market: development of lab-grown meat
A key trend that will impact the growth of the global duck meat market is the development of lab-grown meat using cellular agriculture. In comparison to conventional meat-production processes, this eco-friendly process does not involve the slaughter of animals. Therefore, such developments are expected to positively impact the growth of the global duck meat market through the forecast period.
“Health benefits associated with the consumption of duck meat contribute to increased product demand. Moreover, increasing awareness about the development of lab-grown meat using cellular agriculture will further boost market growth and product consumption” says a senior analyst at Technavio for research on food.
Global duck meat market: Segmentation analysis
This market research report segments the global duck meat market by product (fresh duck meat and processed duck meat) and geographical regions (APAC, EMEA, and the Americas).
The APAC region led the market in 2017 with a share of nearly 86%, followed by EMEA and the Americas respectively. Although the APAC region is dominating the overall market share of the global duck meat market, EMEA is expected to show a high incremental growth followed by the Americas, during the forecast period. The APAC region is expected to witness a commensurate decline in its market share.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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