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Global Meat Market Size, Share, Analysis, Growth: By Type: Raw, Processed; By Product: Beef, Chicken, Mutton, Pork, Others; By Distribution Channel: Supermarkets and Hypermarkets, Specialty Stores, Departmental Stores, Online Stores, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Meat Market Outlook
The global meat market size reached approximately USD 1.49 trillion in 2023. The market is further projected to grow at a CAGR of 2.3% between 2024 and 2032, reaching a value of USD 1.84 trillion by 2032.
Key Trends in the Market
Meat refers to a food product derived from the flesh of animals including chickens, goats, sheep, lambs, and rabbit, among others. It is a rich source of proteins, fatty acids, and carbohydrates, among other essential nutrients. The high protein content aids in building and repairing muscles and allows the smooth functioning of various organs of the body.
- The growing preference for high protein diet owing to increasing health awareness is bolstering the meat market growth. This rising consumption can be attributed to the ability of proteins to reduce the levels of hunger hormones, ghrelin. They also boost the levels of peptide YY, which imparts a feeling of fullness.
- The expansion of the foodservice sector due to rising disposable incomes is providing lucrative growth opportunities to the market. The proliferation of quick service restaurants and food chains is further bolstering the consumption of meat in various regions across the globe.
- The adoption of convenient packaging solutions and increasing celebrity endorsements along with deployment of aggressive marketing and promotional strategies by various key market players is supporting the market expansion. Rising investments on continuous food improvements and increasing availability of frozen and canned variants are also positively influencing the market expansion.
Global Meat Market Analysis
On the basis of type, the market is bifurcated into raw and processed. Based on product, the market is classified into beef, chicken, mutton, and pork, among others. On the basis of distribution channel, the market is categorised into supermarkets and hypermarkets, specialty stores, departmental stores, and online stores, among others. Based on region, the meat market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- 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
- Vion N.V.
- Others
Market Share by Distribution Channel
Supermarkets and hypermarkets are anticipated to account for a significant meat market share over the forecast period. This growth can be attributed to the availability of both fresh and frozen alternatives across these distribution channels. The high footfall at these locations is further supporting the segment expansion.
Meanwhile, online stores are expected to witness significant growth over the coming years owing to their ability to provide rapid delivery, hassle free return and exchange, and lucrative offers and discounts to their customers.
Market Share by Region
The Asia Pacific accounts for a significant share of market owing to the rapid population growth, expansion of the retail sector, rising disposable incomes, and increasing urbanisation, among others. The shifting dietary preferences of the regional population are boosting the meat market demand. Due to rising health consciousness and growing prevalence of various chronic disorders in the region the consumption of natural poultry and seafood products and meat is further increasing.
Competitive Landscape
Cargill Inc., headquartered in Minnesota, United States, is a food and beverage manufacturing company that specialises in food ingredients, commodity trading and processing, and agriculture products, among others. The company is dedicated towards providing nourishment to the world in a sustainable, safe, and responsible manner.
Conagra Brands, Inc., headquartered in Illinois, United States, is a food and beverage company that produces and distributes products to foodservice establishments, supermarkets, and restaurants under different brand names including Alexia, Bertolli, and Celeste, among others.
JBS SA is a meat processing company involved in the production of factory processed pork, beef, and chicken, among others. The company was founded in 1953 and is headquartered in São Paulo, Brazil.
Other meat market key players include 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Product |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Meat Market Analysis
8.1 Key Industry Highlights
8.2 Global Meat Historical Market (2018-2023)
8.3 Global Meat Market Forecast (2024-2032)
8.4 Global Meat Market by Type
8.4.1 Raw
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Processed
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Meat Market by Product
8.5.1 Beef
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Chicken
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Mutton
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Pork
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Meat Market by Distribution Channel
8.6.1 Supermarkets and Hypermarkets
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Specialty Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Departmental Stores
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Online Stores
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Meat Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Meat Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Meat Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Meat Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Meat Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Meat Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Cargill Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Conagra Brands, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 JBS SA
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Tyson Foods, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 BRF SA (Sadia)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 WH Group Limited
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Minerva Foods SA
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Clemens Food Group
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Hormel Foods Corporation
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 NH Foods Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Sysco Corporation
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Vion N.V.
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Meat Market: Key Industry Highlights, 2018 and 2032
2. Global Meat Historical Market: Breakup by Type (USD Trillion), 2018-2023
3. Global Meat Market Forecast: Breakup by Type (USD Trillion), 2024-2032
4. Global Meat Historical Market: Breakup by Product (USD Trillion), 2018-2023
5. Global Meat Market Forecast: Breakup by Product (USD Trillion), 2024-2032
6. Global Meat Historical Market: Breakup by Distribution Channel (USD Trillion), 2018-2023
7. Global Meat Market Forecast: Breakup by Distribution Channel (USD Trillion), 2024-2032
8. Global Meat Historical Market: Breakup by Region (USD Trillion), 2018-2023
9. Global Meat Market Forecast: Breakup by Region (USD Trillion), 2024-2032
10. North America Meat Historical Market: Breakup by Country (USD Trillion), 2018-2023
11. North America Meat Market Forecast: Breakup by Country (USD Trillion), 2024-2032
12. Europe Meat Historical Market: Breakup by Country (USD Trillion), 2018-2023
13. Europe Meat Market Forecast: Breakup by Country (USD Trillion), 2024-2032
14. Asia Pacific Meat Historical Market: Breakup by Country (USD Trillion), 2018-2023
15. Asia Pacific Meat Market Forecast: Breakup by Country (USD Trillion), 2024-2032
16. Latin America Meat Historical Market: Breakup by Country (USD Trillion), 2018-2023
17. Latin America Meat Market Forecast: Breakup by Country (USD Trillion), 2024-2032
18. Middle East and Africa Meat Historical Market: Breakup by Country (USD Trillion), 2018-2023
19. Middle East and Africa Meat Market Forecast: Breakup by Country (USD Trillion), 2024-2032
20. Global Meat Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 1.49 trillion in 2023.
The market is projected to grow at a CAGR of 2.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.84 trillion by 2032.
The major market drivers include expansion of the foodservice sector and rising disposable incomes.
The key trends fuelling the growth of the market include growing preference for high protein diet owing to increasing health awareness and adoption of convenient packaging solutions.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The distribution channels include supermarkets and hypermarkets, specialty stores, departmental stores, and online stores, among others.
The key players in the market are 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.
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