Technavio, a leading provider of market research reports, has released its latest study on Edible Meat Market in APAC. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.
The edible meat market in APAC is a significant segment of the global packaged foods and meats market, which falls under the food products sector of the broader food, beverage, and tobacco industry. According to Technavio's market analysis, the global packaged foods and meats market encompasses food processing vendors that focus on food processing techniques to eliminate microorganisms and enhance shelf life. The market's size is determined by the consolidated revenue generated by these vendors, excluding manufacturers of food processing equipment. Notably, this market does not cover manufacturers of packaged alcoholic and non-alcoholic beverages, including mineral waters. - The Edible Meat Market in APAC is experiencing significant growth, fueled by the Rising awareness of high sources of nutrition in edible meat. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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The market size is estimated to grow by USD 161.73 billion, at a CAGR of 5.08% during the forecast period. Technological advances in edible meat processing equipment | Intensified livestock production | Expansion of modern retail channels
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The edible meat market in the Asia Pacific (APAC) region is witnessing substantial growth, with China holding a substantial market share. Factors such as China's robust economic growth and evolving consumer preferences towards convenient and ready-to-eat meat products are driving the expansion of the edible meat industry in the country. China is a major producer and consumer of various meats, including lamb, goat, pork, and poultry. In 2022, China produced approximately 93.28 million metric tons of meat, marking a notable increase of around 3%. This growth is expected to continue during the forecast period, making China a significant player in the APAC edible meat market.
The Meat Market in APAC is a significant sector driven by meat producers and their packing facilities. Meat production is a major source of protein-rich diets, with animal-based food staples including poultry, pork, beef, mutton, and edible beef. However, concerns over carcinogenic effects from broiling, grilling, and roasting have led to an increasing demand for meat alternatives. Meat alternatives, such as gluten-free products, offer a solution for health-conscious consumers. These alternatives provide essential vitamins and minerals like zinc and iron, which are crucial for human health. The Halal certification is another critical factor influencing meat consumption in APAC, particularly in countries like India and Indonesia. Meat production, whether it's poultry, pork, or beef, is a significant contributor to the region's economy. Beef production, in particular, has seen a surge in demand due to the growing popularity of protein-rich diets. However, concerns over animal welfare and sustainability are also driving the industry to adopt more ethical and eco-friendly practices. In conclusion, the Meat Market in APAC is a dynamic and evolving sector, shaped by consumer preferences, production methods, and regulatory requirements. While meat remains a staple food source, the demand for alternatives and sustainable production practices is on the rise.
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