Global Pork Meat Market (2021 to 2026) - Growth, Trends and Forecasts - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Pork Meat Market Growth, Trends and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The global pork meat market is projected to grow at the CAGR of 5.7% during the forecast period, 2021-2026.

Companies Mentioned

• JBL
• Tyson Foods
• Danish Crown
• China Yurun Food Group
• China Yurun Food Group
• WH Group
• Bridgford Foods Corporation
• Coca Foods
• CRAIG MOSTYN GROUP
• Dawn Meats
• Hormel Foods, LLC
• Vion Food Group
• Monogram Food Solutions, LLC.
• The Tonnies Group
• Conagra Brands Inc.
• Cherkizovo Group PJSC

Key Market Trends

Increasing Popularity of Processed Pork Products Globally

The increase in the demand for animal protein, along with the growing consumer preference for low-fat and high-protein diet, has led to remarkable rise in the consumption of animal protein, including pork, across the world. Breakfast products that incorporate protein and fiber-rich ingredients have high demand in the market, as increasing number of consumers around the world are having an inflination towards starting their day with the high protein diet, which is expected to provide valuable retail shelf space and market share globally in the processed pork meat market. A significant percentage of the population in the United States are consuming bacon during breakfast time, paving the way for companies to introduce breakfast options such as bacon and ham.

Additionally, the UK National Food Survey 2017 identified that the consumption of raw beef, lamb, and pork had dropped by 4.2%, while the consumption of meat products, including sausages, bacon, and poultry, increased by approximately 7%, since 2012. Hence, the increase in consumer preference for the inclusion of protein in regular dietary habits has led to the rise in consumption of animal protein, which, in turn, is attributed to the growth of processed pork meat market globally.

Asia-Pacific Remains a Leading Player With Strong Demand From China and Vietnam

Middle-income countries particularly China and other East Asian countries consume high amounts of meat, wherein the meat consumption of pork is still on the rise. China held the leading position with 30.44 kg/capita consumption of pok meat in 2018. The countries consume high amounts of meat. Such factors offer a projected increase in the meat consumption in Asia Pacific. According to the US Department of Agriculture's (USDA) Foreign Agricultural Service, the global exports were 8% higher in 2018 as compared to earlier, fueled by the rising demand from China and steady economic growth in most major pork markets.

The European Union may remain the top exporter, with shipments increasing by 11% every year. China remains one of the largest sources of demand, with imports anticipated to increase by 41%, due to an African Swine Fever (ASF)-induced decline in production. Japan may boost its imports of red meat, due to the growing demand in the country. Meanwhile, the tariff reductions from the newly implemented free trade agreements also stimulate the demand for Canadian and EU pork. Therefore, the growing consumption of pork across various developing countries, is supporting the demand for pork meat products.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Porter's Five Force Analysis

5 MARKET SEGMENTATION

5.1 By Meat Form

5.1.1 Fresh/Chilled

5.1.2 Frozen

5.1.3 Canned/Preserved

5.2 By Distribution Channel

5.2.1 Hypermarket/Supermarket

5.2.2 Convenience Stores

5.2.3 Specialty Stores

5.2.4 Online Retailing

5.2.5 Others

5.3 By Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.1.3 Mexico

5.3.1.4 Rest of North America

5.3.2 Europe

5.3.2.1 United Kingdom

5.3.2.2 Germany

5.3.2.3 France

5.3.2.4 Russia

5.3.2.5 Italy

5.3.2.6 Spain

5.3.2.7 Rest of Europe

5.3.3 Asia Pacific

5.3.3.1 China

5.3.3.2 Japan

5.3.3.3 Australia

5.3.3.4 Vietnam

5.3.3.5 India

5.3.3.6 Rest of Asia Pacific

5.3.4 South America

5.3.4.1 Brazil

5.3.4.2 Argentina

5.3.4.3 Rest of South America

5.3.5 Middle East and Africa

5.3.5.1 South Africa

5.3.5.2 Saudi Arabia

5.3.5.3 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Most Active Companies

6.2 Most Adopted Strategies

6.3 Market Share Analysis

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 IMPACT OF COVID-19 ON THE MARKET

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