Meat Market Opportunities, Trends, Growth Analysis and Forecast to 2028

Meat Market Report Overview

The meat market size was valued at $1,075.9 billion in 2023 and is likely to grow at a CAGR of more than 4% from 2023 to 2028. Low-income and middle-income countries will fuel the sector’s growth in the long term. Per-capita consumption in several developing Asian countries will grow considerably. Furthermore, technology is going to be a big part of increasing the operational efficiency and growth of meat companies. The industry will shift to more organic and sustainable meat products.

Meat Market Outlook 2023-2028 ($ Billion)

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The meat market research report includes a comprehensive overview of the consumption dynamics in the health and beauty industry, including Meat, for the period 2018-2028. The report covers high-potential countries based on key factors such as economic development, governance, socio-demography, and technological infrastructure to understand future market opportunities. Also, leverage our elaborate list of leading global and regional brands along with their product profile and market shares. Furthermore, our analysts have reviewed the distribution channels and the packaging materials based on volume sales of products, to identify better avenues for market reach and product exposure.

Meat Market Segmentation by Category

The key categories in the meat market are chilled raw packaged meat – processed, chilled raw packaged meat – whole cuts, cooked meats – counter, cooked meats – packaged, fresh meat (counter), and frozen meat. In 2023, the fresh meat (counter) category was the largest category with the highest value sales.

Meat Market Analysis by Category, 2023 (%)

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Meat Market Segmentation by Regions

The key regions in the meat market are the Americas, Asia-Pacific, the Middle East and Africa, Western Europe, and Eastern Europe. In 2023, Asia Pacific accounted for the highest sales in the meat market. China was the highest revenue contributor to the sector’s value in 2023, followed by Japan, Australia, and South Korea.

Meat Market Analysis by Regions, 2023 (%)

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Meat Market Segmentation by Pack Materials

The key pack materials in the meat market are rigid plastics, flexible packaging, rigid metal, paper & board, and glass. In 2023, rigid plastics emerged as the most used pack material in the Meat market. Among packaging types, tray was the most used, followed by film.

Meat Market Analysis by Pack Materials, 2023 (%)

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Meat Market Segmentation by Distribution Channel

The key distribution channels in the meat market are hypermarkets & supermarkets, food & drinks specialists, convenience stores, e-retailers, and others. In 2023, hypermarkets & supermarkets were the largest distribution channel in the Meat sector, followed by para pharmacies/drugstores.

Meat Market Analysis by Distribution Channel, 2023 (%)

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Meat Market – Competitive Landscape

The key companies in the meat market are Tyson Foods, WH Group, Neimenggu Caoyuanxingfa Foods, Linyi Xincheng Jinluo Meat Products Group, and Jbs among others. In 2023, Tyson Foods emerged as the market leader. A few of the key brands of this are Tyson, Hillshire Farm, Jimmy Dean, and Aidells among others.

Meat Market Analysis by Companies, 2023 (%)

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Key Segments Covered in this Report.

Meat Category Outlook (Value, $ Billion, 2017-2028)

• Chilled raw packaged meat – processed
• Chilled raw packaged meat – whole cuts
• Cooked meats – counter
• Cooked meats – packaged
• Fresh meat (counter)
• Frozen meat

Meat Distribution Channel Outlook (Value, $ Billion, 2017-2028)

• Hypermarkets & Supermarkets
• Convenience Stores
• Parapharmacies/drugstores
• E-retailers
• Others

Scope

This report brings together multiple data sources to provide a comprehensive overview of the global Meat sector, analyzing data from 108 countries. It includes an analysis of the following:

• Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region. This data includes both on-trade and off-trade data.
• Change in consumption: Provides an overview of consumption changes in the overall health and beauty industry, including Meat products, over 2018-2028 at global and regional levels.
• High-potential countries: Provides risk-reward analysis of the top two high-potential countries in each region based on market assessment, economic development, governance indicators,
  

  sociodemographic factors, and technological infrastructure.

• Country and regional analysis: Provides a deep-dive analysis of 10 high-potential countries covering value growth during 2023-2028, key challenges, consumer demographics, and key trends. It also includes regional analysis covering the future outlook for each region. Market size includes both on-trade and off-trade data, while only off-trade data is used in company and brand analysis, distribution analysis, and packaging analysis.
• Competitive landscape: Provides an overview of the leading brands at global and regional levels. In the next section, the product profile, country-level presence, and market shares of private labels in each region are detailed.
• Key distribution channels: Provides an analysis of the leading distribution channels in the global Meat sector in 2023. It covers “dollar stores”, variety stores and general merchandise retailers, cash & carries and warehouse clubs, chemists/pharmacies, convenience stores, department stores, direct sellers, e-retailers, health & beauty stores, hypermarkets & supermarkets, para pharmacies/drugstores, and others.
• Packaging analysis: The report provides percentage share (in 2023) and growth analysis (during 2023-2028) for various pack materials, pack types, closures, and primary outer types based on volume sales of Meat products.

Reasons to Buy

Manufacturers and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. Also, there is a demand for authentic market data with a high level of detail. Thus, this report has been created to provide you with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region. The report provides:

• A detailed analysis of the region and high-potential countries, covering the key challenges, competitive landscape, and demographic analysis, can help companies gain an edge in the market.
• Insights on the key trends that drive consumer choice and the future opportunities that can be explored in the region, that can help companies in revenue expansion.
• Information about leading brands in the sector in the region with details about their market share and growth rates.