LONDON--(BUSINESS WIRE)--Technavio estimates the global duck meat market to grow by USD 1.31 billion, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is driven by the increasing global production of duck meat. However, the increasing popularity of the vegan diet might challenge growth.
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Duck Meat Market: Product Landscape
Based on the product, the market saw maximum growth in the fresh duck meat segment. The segment is driven by the rising awareness about the health benefits associated with the consumption of duck meat and the expansion of production capacities by vendors. The market growth in the segment will be significant over the forecast period.
Duck meat Market: Geography Landscape
80% of the market’s growth originated from APAC in 2019. Factors such as increasing health awareness, the convenience offered by processed meats, and the expansion of fast-food chains are driving the growth of the market in APAC.
China, Japan, and Malaysia are the key markets for duck meat in APAC. Market growth in this region will be faster than the growth of the market in MEA.
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Major Three Duck Meat Market Vendors:
AJC International Inc.
AJC International Inc. operates its business through segments such as Poultry, Pork, Meat, Vegetables and Fruits, and Seafood. The company offers duck meat under the brand name the golden phoenix.
AMI LLC sp.k
AMI LLC sp.k operates its business through segments such as Brazil, International, and Others. The offers different frozen duck meat products such as duck wings and others.
Cargill Inc.
Cargill Inc. operates its business through segments such as Agriculture, Animal Nutrition, Beauty, Bioindustrial, Food and Beverage, Pharmaceutical, Industrial, Meat and poultry, and Others. The company offers duck meat in the UK.
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Related Reports on Consumer Staples Include:
Global Poultry Meat Market – Global poultry meat market is segmented by product (chicken meat, turkey meat, duck meat, and others) and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Global Pork Meat Market – Global pork meat market is segmented by product (fresh pork meat and processed pork meat), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and MEA). Click Here to Get an Exclusive Free Sample Report
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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