Outlook on the Worldwide Pork Industry to 2026 - COVID-19 is Impacting the Overall Market - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Pork Market Forecast By Production, Consumption, Import, Export, Company" report has been added to ResearchAndMarkets.com's offering.

According to the report, the Global Pork Market is expected to be valued at US$ 191.2 billion by 2026.

Pig meat is the most commonly consumed meat across the world. About one-third of all meat consumed in the world is pork, ahead of beef and chicken. The European Union is a significant pork producer. Around half the world's pig meat is consumed in China, where urbanization and rising incomes continue to drive pork consumption upward. China is sourcing more varieties of pork from abroad and providing greater market access to companies, as it contemplates more measures to tide over the pork shortage in the country due to African swine fever, and now COVID-19.

In recent years, Europe and North America are consuming more pork than ever, but half of the world’s pork is produced & consumed by Asia. This is an opportunity for other countries, as the world's most consuming countries (like China) are looking for more pork products for their domestic consumption. Countries like the United States, European Union, Brazil, and Chili are seeing boosts in their exports. Currently, the United States production of pork is growing at a rapid pace. Asia pork production is rapidly changing to become more self-sufficient like the European and American; growth in the consumption would lead to an increased demand for pork.

Rising pork demand, efficiency gains fueling pig production, growing health consciousness, and switching to healthier pork diets are key drivers of the pork industry. The Asia-Pacific is now consuming more pork than ever, pork production vendors should focus on Asia and Europe/America. In 2019, Tyson banned drugs to boost pork exports: Tyson Foods has prohibited the use of a drug that adds weight to hogs so it can expand its market share in China as well as global consumption.

However, there are a few challenges too, such as price uncertainty, African swine fever, and more currently, the COVID-19 pandemic; impacting production, consumption, export and import markets worldwide. Read a complete analysis of Novel Coronavirus' impact on the global pork market in this report.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

4.1 Growth Drivers

4.2 Challenges

5. Global Pork Market

6. Global Pork Volume

6.1 Production

6.2 Consumption

6.3 Export - Top 10

6.4 Import - Top 10

7. Share Analysis - Global Pork Market

7.1 Market Share by Consumption

7.2 Volume Share

7.2.1 Production

7.2.2 Consumption

7.2.3 Export

7.2.4 Import

8. Countries Consumption - Global Pork Market

8.1 China

8.2 European Union

8.3 United States

8.4 Russia

8.5 Brazil

8.6 Mexico

8.7 South Korea

8.8 Philippines

8.9 Japan

8.10 Vietnam

9. Pork Producing Countries - Volume Analysis

9.1 United States

9.2 European Union

9.3 China

9.4 Brazil

9.5 Russia

9.6 Vietnam

9.7 Canada

9.8 Mexico

9.9 Philippines

9.10 South Korea

9.11 Others

10. Pork Consuming Countries - Volume Analysis

10.1 China

10.2 European Union

10.3 United States

10.4 Russia

10.5 Brazil

10.6 Japan

10.7 Mexico

10.8 Vietnam

10.9 South Korea

10.10 Philippines

11. Pork Importing Countries - Volume Analysis

11.1 China

11.2 Japan

11.3 Mexico

11.4 South Korea

11.5 United States

11.6 Hong Kong

11.7 Philippines

11.8 Australia

11.9 Canada

11.10 Colombia

12. Pork Exporting Countries - Volume Analysis

12.1 European Union

12.2 United States

12.3 Canada

12.4 Brazil

12.5 Chile

12.6 Mexico

12.7 China

12.8 Russia

12.9 Australia

12.10 Serbia

13. Key Players Analysis

13.1 Danish Crown Group

13.2 Tyson Foods, Inc.

13.3 Vion Food Group

13.4 WH Group Limited

For more information about this report visit https://www.researchandmarkets.com/r/ax6wnn