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 is witnessing a significant upward trend in the demand for grass-fed and organic meat products. This shift is primarily driven by consumers' increasing preference for healthier and more sustainable food choices. Grass-fed meat, sourced from livestock raised on natural pastures and forage, is perceived as a healthier alternative to conventionally raised meat. It is leaner and richer in beneficial nutrients, including omega-3 fatty acids and antioxidants. Additionally, concerns regarding the environmental impact of conventional meat production have contributed to the growing popularity of grass-fed and organic meat options. 

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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
• Distribution Channel
  • Retail
  • Foodservice
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • US
  • South America
    • Brazil
    • Argentina
  • Middle East and Africa
    • Egypt

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

In today's health-conscious world, the meat market caters to various dietary preferences and ethical considerations. From protein-rich diets to ethical meat production, consumers can choose from a wide range of options. Lean meats ensure healthier choices, while processed meats like pre-cooked and ready-to-eat varieties offer convenience. Animal welfare is a priority for some, leading to the rise of cultured and plant-based meats, clean meat, and fermented meat alternatives. Ethical meat production and fresh meat remain staples in the market, ensuring quality and transparency for consumers.

Market Research Overview

The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and increase product longevity. According to Technavio, the market's size is determined by the consolidated revenue of participating companies. This market excludes food processing equipment manufacturers and packaged beverage producers, including alcoholic and non-alcoholic beverages. The market's expansion will be fueled by the health benefits linked to minimally processed foods, such as vegetables, which are essential sources of nutrients like potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C. Furthermore, the demand for protein-rich diets, including meat, is increasing due to their contributions to healthy bones, weight management, and the provision of essential amino acids and fatty acids. Meat products, such as grilled steaks, roasted chickens, and smoked ribs, are often associated with special occasions, hospitality, and generosity. Consumers are increasingly seeking leaner cuts of meat, which are produced ethically and without antibiotics and hormones, to maintain a healthy lifestyle.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/