Blogs

Top 10 Companies Leading the Global Meat Market

Global Meat Market

 

Cargill Inc., Conagra Brands, Inc., JBS SA, Tyson Foods, Inc., BRF SA (Sadia), WH Group Limited, Minerva Foods SA, Clemens Food Group, Hormel Foods Corporation, NH Foods Ltd., Sysco Corporation, and Vion N.V., among others, are the major players in the global meat market. 

 

The global meat market reached a value of approximately USD 1.49 trillion in 2023. The market is projected to grow at a CAGR of 2.3% in the forecast period of 2024-2032 to reach USD 1.84 trillion by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by rising awareness regarding the health benefits of animal-based protein.

 

Meat of various animals including chickens, goats, sheep, lambs, and rabbits is rich in essential nutrients such as proteins, fatty acids, and carbohydrates. Rising health consciousness among consumers and the need to boost protein intake are contributing to the meat market growth.  The high protein content in meat helps fitness enthusiasts build and repair muscles and allows the smooth functioning of various organs of the body. The rising consumption of protein can be attributed to its ability to reduce the level of the hunger hormone, ghrelin in the stomach. Additionally, meat boosts the levels of peptide YY, which provides a feeling of fullness.

 

With rising disposable income and changing lifestyles, consumers are increasingly opting to dine out in quick-service restaurants and steakhouses. The expansion of the food service sector as well as the proliferation of quick service restaurants and food chains is aiding meat consumption and providing lucrative growth opportunities to the market. The opening of several steakhouses and restaurants positively impacts the meat market development. For instance, in October 2023, STK Steakhouse opened in Charlotte. The international brand has a presence in around 30 locations in major cities including New York, Dubai, Las Vegas, and London. STK’s menu includes premium steaks, speciality cocktails, and high-end seafood.

 

Meat products in both fresh and frozen forms are widely available in supermarkets and hypermarkets, such as Walmart Inc. and Kroger Co. Meanwhile, the demand for processed meat products is rising on online channels owing to the convenience these channels offer to the customers. 

 

Table: Top 10 Countries by Consumption of Each Type of Meat Per Capita/ Year in KG

Bovine Meat -Kg Pig Meat -Kg Mutton and Goat Meat -KgMutton and Goat Meat -Kg Poultry Meat-Kg
Argentina-46.9 Hong Kong- 55.2 Mongolia- 66.3 St. Vincent and the Grenadines- 74.7
Zimbabwe-42.3 Poland-55.0 Iceland- 21.8 Israel-68.9
 
United States-37.9 Spain-52.6 Bahrain-21.4 Samoa-65.7
Australia-37.0 Lithuania- 50.7     Turkmenistan-20.8 Trinidad and Tobago-63.1
Brazil-35.4 Croatia- 49.6 Chad-17.9 Antigua and Barbua-61.8
Uzbekistan-31.6 Hungary- 48.3 Kuwait-14.1 United States-58.7
Chad -27.5 Macao-46.9 New Zealand-12.9 Saint Lucia-57.6
Canada-27.5 Austria- 45.0 Mauritania-12.2 Hong Kong-55.5
Israel-27.2 Czecia-44.5 Qatar-11.6 Panama-55.4
Kazakhstan-26.6 Germany-44.0 Oman-11.2 Bahamas-54.4

 

Top 10 Meat Companies in the World:

Cargill Inc.

Headquarters: Minnesota, United States
Establishment: 1865
Website: https://www.cargill.com/


Cargill Inc. is a prominent provider of meat to food producers, retailers, and food service operators across the globe. The company’s customers are spread across North America, Asia, Latin America, and Europe. Through the company’s BeefUp Sustainability initiative, Cargill aims to achieve a 30% GHG intensity reduction across its North American beef supply chain by 2030. In North America, Cargill harvests over eight million cattle and produces around eight billion pounds of boxed beef and by-products annually. It operates eight beef production facilities throughout the United States and Canada. The company also operates beef processing and cattle feeding operations in Australia via its joint venture with Teys Australia.

 

JBS SA

Headquarters: São Paulo, Brazil
Establishment: 1953
Website: https://jbs.com.br/


With over 270,000 employees, JBS is the global leader in producing protein-based food. It produces and sells fresh meats and high-added-value prepared and pre-packaged food products. The company produces and sells beef through its two business units, namely Friboi in Brazil and JBS USA Beef in the United States, Canada, and Australia. The company also produces and sells poultry via its business units, Seara in Brazil and Pilgrim’s Pride Corporation in North America, Central America, and Europe.

 

Tyson Foods, Inc.

Headquarters: Arkansas, United States
Establishment: 1935
Website: https://www.tysonfoods.com/


Tyson Foods, Inc. is a multi-national, modern, and protein-focused food company. It produces around 20% of the United States’ beef, pork, and chicken. Additionally, it offers a broad portfolio of foods under the Tyson®, Hillshire Farm®, BallPark®, Jimmy Dean®, Wright®, Aidell’s®, and State Fair® brands. During fiscal 2022, the company’s revenue amounted to USD 53 billion, with beef, chicken, and pork sales contributing to around 36%, 32%, and 10% of the revenue, respectively. 

 

BRF SA (Sadia)

Headquarters: State of São Paulo, Brazil
Establishment: 1934
Website: https://www.brf-global.com/


BRF SA employs around 100,000 people in 120 countries across the globe. The company's brands include Perdigão, Sadia, Qualy, Confidence, and Perdix, among others. BRF's brand Sadia produces a range of products, including whole chicken and chicken parts. Sadia chickens are cleaned and cut according to the highest Halal standards and transported in temperature-controlled and hygienic trucks to ensure food safety and freshness.

 

WH Group Limited

Headquarters: Hong Kong
Website: http://www.wh-group.com/


WH Group Limited is a prominent pork company globally, producing and distributing packaged meats and fresh pork to consumers. It holds leading positions in China, the United States, and key markets in Europe. Its subsidiaries Henan Shuanghui Investment & Development Co., Ltd. is Asia's largest meat processing company, while its Smithfield Foods, Inc. is the biggest pork food company in the United States. In 2022, WH Group made sales of USD 28.136 billion.

 

Minerva Foods SA

Headquarters: Brazil
Establishment: 1992
Website: https://ri.minervafoods.com/


Minerva Foods has 33 industrial units, including three protein processing plants, 26 cattle slaughtering and deboning plants, and four plants for sheep. Its cattle plants are located in South America, across Brazil, Paraguay, Uruguay, Argentina, and Colombia. Through its 12 commercial offices, Minerva exports its products to over 100 countries in five continents. It also operates 14 distribution centres, of which 11 are in Brazil, and one each in Paraguay, Argentina, and Chile.

 

Clemens Food Group

Headquarters: Pennsylvania, United States
Establishment: 1895
Website: https://clemensfoodgroup.com/


Clemens Food Group is the 5th largest pork processor in the United States. The company provides quality pork products for food service, retail, and manufacturing customers. Clement is a vertically integrated company, handling the entire production chain, from farming to delivering the end products to its retail and food service customers. The company offers a variety of fresh, innovative, and quality products for its customers via its brands, namely, Hatfield®, Farm Promise ®, Premium Reserve®, Prima Porta®, Butcha Wagon®, and Red’s Legendary ®.

 

Hormel Foods Corporation

Headquarters: Minnesota, United States
Establishment: 1891
Website: https://www.hormelfoods.com/


Hormel Foods Corporation owns over 40 food brands whose products are sold in around 80 countries, including China, Japan, South Korea, Australia, and the Philippines. Its various meat-based brands include Austin Blues®, Hormel® Bacon 1™, Hormel® canned meats, and Hormel ® marinated meats, providing consumers with high-quality meat products. Hormel Foods’ subsidiaries that market the company’s products include Applegate Farms, LLC, Burke Marketing Corp., Cidade do Sol, Columbus Manufacturing, and Dan’s Prize, Inc., among others.

 

NH Foods Ltd.

Headquarters: Osaka, Japan
Establishment: 1942
Website: https://www.nipponham.co.jp


NH Foods Ltd. provides customers with a variety of meat products. It aims to expand its food development potential through its Vision2030 formulated in 2021. The company’s Fresh Meats business accounts for around 50% of its net sales. The business adopts a vertical integration system encompassing livestock production, slaughtering, processing, distribution, and sales. The setup enables the company to promptly deliver safe and fresh meat products.

 

Sysco Corporation

Headquarters: Texas, United States
Establishment: 1969
Website: https://sysco.com/


Sysco Corporation is renowned globally as a leader in selling, marketing, and distributing food and non-food products to healthcare and educational facilities, lodging establishments, restaurants, and other customers, globally. The company is actively engaged in producing beef, as well as other proteins, including hand-cut chicken breasts, veal, lamb, pork meat as well as a variety of game meats. The company also offers food service professionals and retail stores an extensive variety of speciality products, including exotic meat, bacon, and charcuterie.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

Latest Blogs
Have a Query or Purchase a Report
Categories
NEWSLETTER