Latest News- Meat Market: Poultry is expected to lead the Product segment during 2024-2028

The Meat Market is being driven by Advancement in technology

The Meat Market is expected to grow at a CAGR of 6.78% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 537.1 billion. The global meat market has witnessed a significant shift towards grass-fed and organic meat, driven by consumer preferences for healthier and more sustainable food choices. This trend is underpinned by concerns regarding the environmental impact of conventional meat production and the perceived health benefits of grass-fed meat. Grass-fed livestock consume a natural diet of grass and forage, resulting in leaner meat with increased levels of beneficial nutrients, including omega-3 fatty acids and antioxidants. This shift towards more health-conscious and eco-friendly meat production is expected to continue shaping the meat market landscape. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Poultry
  • Pork
  • Beef
  • Others
• Type
  • Processed
  • Fresh
• Geography
  • Europe
    • Germany
    • France
  • APAC
    • China
    • Japan
  • North America
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Advancement in technology
• Growing investments and focus on expanding production capabilities
• Expansion in retail landscape

However, the market also witnesses some limitations, which are as follows:

• Increasing livestock disease outbreaks
• Product recalls
• Increasing popularity of vegan diets and plant protein nutrients

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Market Scope in Meat Market Research Report

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Research Analysis Overview

Title: Exploring the Modern Meat Market: From Fermented to Cultured, Fresh to Processed The meat market is a diverse and evolving landscape, encompassing a wide range of products from traditional fresh meats to innovative lab-grown alternatives. At the heart of this market are staples like pork, poultry, beef, and the lesser-known meats such as duck, lamb, goats, sheep, pigs, cows, rabbits, and chickens. Fermented meats, like salami and chorizo, offer unique flavors and textures. Ready-to-eat and pre-cooked meats provide convenience for busy consumers. Clean meat, produced in bioreactors, offers ethical meat production with no animal slaughter. Plant-based and cultured meats, made from soy, peas, and animal cells, cater to healthier diets and those seeking alternatives to processed meats. Meat processing ensures food safety and efficiency, while animal welfare remains a top concern. Lean meats, like chicken and turkey, are popular choices for those seeking lower saturated fat options. Ethical meat production and protein-rich diets continue to drive innovation in the meat market, with new products and production methods constantly emerging. Whether your preference is for fresh, processed, or innovative meat alternatives, there's a place for you in this vibrant and ever-evolving market.

Market Research Overview

The global packaged foods and meats market encompasses food processing vendors engaged in eliminating microorganisms and extending product shelf life. According to Technavio, the market's size is determined by the consolidated revenue of participating vendors. This market segment excludes food processing equipment manufacturers and producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. Key growth drivers for the global packaged foods and meats market include the health benefits associated with minimally processed foods, such as vegetables, which are rich sources of essential nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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Website: www.technavio.com/