LONDON--(BUSINESS WIRE)--The global meat market size is poised to reach USD 210 billion by 2023, according to a new report by Technavio, progressing at a CAGR of 4% during the forecast period.
Read the 134-page research report with TOC on "Meat Market Analysis Report by product (pork, poultry, beef, and others) and type (processed and fresh) and geography (APAC, MEA, Europe, North America, and South America) 2019 - 2023" at:
https://www.technavio.com/report/global-meat-market-industry-analysis
The market is driven by the new product launches by regional and international players, wherein manufacturers are adopting innovative strategies to increase the market size of products. Also, the rise in global meat consumption is anticipated to boost market growth during the forecast period.
Successful new product launches are expected to accelerate the growth of vendors in the global meat market. A successful new product launch helps in increasing the revenue flow of a vendor by expanding its consumer base. For instance, in October 2018, JBS launched a new premium beef brand called Yardstick in Australia. The new product Yardstick beef will be sold under its label in high-end restaurants and hotels.
Meat demand, and subsequently, meat production capacity and supply have increased significantly to cater to the demands of the growing population. Increasing awareness about the benefits of protein intake in the daily diet is another crucial factor which has led to a surge in global per capita meat consumption. The consumption of meat has become important for consumers as it provides plenty of nutrients. All these factors are expected to boost market growth during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- BRF
- Hormel Foods
- JBS
- NH Foods
- Tyson Foods
- WH Group
Market Segmentation by Category and Product Types:
The Meat Market can be broadly categorized into the following product segment:
- Pork
- Poultry
- Beef
- Others
Key Regions for the Meat Market:
Featuring a breakdown of region-wise market shares until 2019.
- APAC
- MEA
- Europe
- North America
- South America
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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About Technavio
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