The Market value (retail sales value) of the Global Meat Industry attained a value of USD 1,301,277.89 Millions in 2020
The Industry recorded a historical growth (CAGR) of 1.44 % between 2017 to 2020, and is expected to grow by...
GlobalData projects the Industry to grow at a CAGR of ...
The market value of the global meat industry increased from 2017 to 2020 and posted a low single-digit Compound Annual Growth Rate (CAGR) between 2017-20.
Tyson Foods, Inc., WH Group, Neimenggu Caoyuanxingfa Foods, and Itoham Foods Inc. held the top four leading market positions in the global meat industry in 2020 but they cumulatively held a single-digit market share in terms of value.
Tyson, Caoyuanxingfa, Shuanghui, and Itoham were the leading brands in the meat industry.
Meat includes different categories such as ambient meat, chilled raw packaged meat, cooked meat, fresh meat, and frozen meat.
Tyson Foods, Inc. leads the global meat industry in 2020
Tyson Foods, Inc. was the leading company in the global meat market (by value) in 2020, with more than 10 brands under its trademark. Tyson brand was the biggest contributor to the company’s global meat sales. Aidells, Hillshire Farm, Ballpark, and Jimmy dean are some of the other major meat brands offered under the trademark of Tyson Foods, Inc.
WH Group ranked second in the global meat industry
WH Group was the second-largest company in the global meat market in 2020. Shuanghui, Farmland, Gwaltney, Krakus, and Eckrich were among some of the key brands tending the global meat needs under WH Group, with a bigger chunk of the meat items sale (by value) coming from its flagship brand Shuanghui.
The other leading market positions in the global meat market were held by Neimenggu Caoyuanxingfa Foods and Itoham Foods Inc.
Neimenggu Caoyuanxingfa Foods and Itoham Foods Inc. were some of the other prominent companies in the global meat market, owning brands such as Caoyuanxingfa and Itoham.
Market Fragmentation: The market is highly fragmented, with no player accounting for greater than a tenth of the market share in the global meat market
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