Global Meat Market 2019-2023 | Evolving Opportunities with BRF and Hormel Foods | Technavio

LONDON--(BUSINESS WIRE)--The global meat market is poised to grow by USD 210 billion during 2019-2023, progressing at a CAGR of about 4% during the forecast period. Request Free Sample Pages

Read the 134-page research report with TOC on "Meat Market Analysis Report by Product (Pork, Poultry, Beef, and Others), by Type (Processed and Fresh), by Geography (APAC, MEA, Europe, North America, and South America), and Segment Forecasts, 2019 - 2023".

https://www.technavio.com/report/global-meat-market-industry-analysis

The rise in global meat consumption and growing prominence of private label brands are factors anticipated to boost the growth of the market.

Over the past decade, the per capita consumption of meat has witnessed steady growth around the globe. The growing population along with growth in the poultry segment and supply of meat are contributing revenue to the global meat market. According to the USDA, in 2017, the global consumption of meat including poultry, pork, and beef was 258 million tons. Furthermore, the growing significance of protein intake among health-conscious people has also increased the consumption of meat products, which is expected to drive market growth during the forecast period.

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Major Five Meat Market Companies:

BRF

BRF is headquartered in Brazil and operates the business under various segments such as Brazil, One Foods, International, Southern Cone, and Other segments. The company offers a range of meat products, including poultry, pork, and beef.

Hormel Foods

Hormel Foods is headquartered in the US and offers products through the following business units: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. The company offers a range of meat products, including pork, beef, chicken, and turkey.

JBS

JBS is headquartered in Brazil and operates under various business segments, namely JBS Brazil, Seara, JBS USA, and Collateral Business. The company offers a range of meat products, including beef, chicken, and pork.

NH Foods

NH Foods is headquartered in Japan and offers products through the following business segments: Processed Foods Business Division, Fresh Meats Business Division, Affiliated Business Division, and Overseas Business Division. The company offers a range of processed meats including hams and sausages and fresh meats such as beef, pork, and poultry.

Tyson Foods

Tyson Foods is headquartered in the US and offers products through the following business segments: Beef, Pork, Chicken, Prepared Foods, and Others. The company offers a range of meats, including beef, pork, chicken, and turkey.

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Meat Products Outlook (Revenue, USD Million, 2019 - 2023)

• Pork
• Poultry
• Beef
• Others

Meat Regional Outlook (Revenue, USD Million, 2019 - 2023)

• APAC
• Europe
• MEA
• North America
• South America

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