Authored By: Sarah
11 Jul 2024

 Pork Meat Market to grow by USD 220.27 million between 2024-2028

According to a research report “ Pork Meat Market” by Product (Fresh pork meat, Processed pork meat) Distribution Channel (Offline, Online) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 220.27 million at a CAGR of almost 8.37% during the forecast period. In the burgeoning pork meat market, there is a discernible trend toward grass-fed, organic pork products. Consumers are increasingly seeking out these value-added offerings due to their superior taste and nutritional profiles. Organic pork production, characterized by the use of natural feeds and antibiotic-free, genetically unaltered livestock, aligns with growing health consciousness and environmental concerns. This approach ensures a safe and sustainable source of high-quality pork meat for discerning consumers..

Browse market data tables, figures, and in-depth TOC on “Pork Meat Market” by Product (Fresh pork meat, Processed pork meat) Distribution Channel (Offline, Online) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028.

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By Product, the Fresh pork meat segment is projected to dominate the market size in 2024.

In the organized retail sector, key players such as Tesco Plc, Walmart Inc., and Target Corp. dominate the pork meat market through their extensive offline distribution networks. These retail giants cater to various segments, including supermarkets, hypermarkets, specialty stores, hard discount stores, and convenience stores. Vendors employ strategic branding and pricing tactics, such as signage promotions and discounted product packaging, to attract consumers. Walmart and Walgreens are long-standing retailers of pork meat, while vendors' geographical presence, production ease, and efficient inventory management and transportation contribute to their market success.

By Distribution Channel, Offline  segment is expected to hold the largest market size for the year 2024.

In the pork meat market, the chilled and frozen segment plays a pivotal role by ensuring the preservation and distribution of pig products. Maintained at temperatures between 0 and 4 degrees Celsius for chilled pork and below -18 degrees Celsius for frozen pork, this section significantly extends shelf life and facilitates global transportation. By preventing the growth of germs and microbes, it enhances the industry's overall efficiency and profitability.

APAC is forecasted to hold the largest market size by region in 2024.

In the APAC region, the pork meat market is projected to experience significant growth due to increasing health consciousness, the convenience of processed meats, and the proliferation of fast-food chains. Major consumers include China, Japan, and India, with Japan being a leading importer and producer, producing approximately 1 million tons annually. The health-focused consumer shift is anticipated to boost sales of processed pork meat, thereby propelling market expansion.

The Pork Meat Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Bridgford Foods Corp.
  • Charoen Pokphand Foods PCL
  • China Yurun Food Group Ltd.
  • Conagra Brands Inc.
  • Cooperl
  • Cranswick Plc
  • Danish Crown AS
  • Dawn Pork and Bacon
  • Gordon Food Service Inc.
  • Hormel Foods Corp.
  • Iowa Select Farms
  • JBS SA
  • New Hope Liuhe Co. Ltd.
  • The Maschhoffs LLC
  • Toennies Group
  • Triumph Foods LLC
  • Tyson Foods Inc.
  • Vion Holding NV
  • WH Group Ltd.
  • VALL COMPANYS GROUP
.

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Research Analysis Overview

The Pork Meat market caters to various consumer segments, including fast-food outlets and convenience stores. Pork, as a source of red meat, is rich in nutritional value, particularly in Thiamin (Vitamin B1) and Selenium. These essential vitamins contribute to weight gain and satiety, making pork an attractive option for consumers. Domestic pigs are the primary source of pork meat. The meat's high Protein content makes it a preferred choice for sports athletes and fitness enthusiasts. Forecourt retailers and franchise outlets, such as cafes, also offer packaged hog meat as part of their product offerings. In addition to pork, the market includes an increasing trend towards plant-based products. However, pork remains a significant player due to its nutritional benefits and versatility in various cuisines. The tourism industry also contributes to the demand for pork meat, particularly in regions known for their unique pork dishes. Beverages, such as those fortified with Vitamins B and Selenium, complement the consumption of pork meat. The market's retail channels continue to expand, offering various forms of pork meat, including fresh, processed, and value-added products.

Market Research Overview

The Pork Meat Market encompasses various food products, including chilled and frozen pork, sold through retail channels such as grocery stores, forecourt retailers, convenience stores, and internet retailing. Strict laws against animal cruelty ensure the ethical treatment of farm animals, including domestic pigs, raised for meat production. Consumers continue to demand high-quality pork meat, prized for its tenderness, flavor, and nutritional value, which includes essential nutrients like Thiamin (Vitamin B1), Selenium, and various fats. The pork meat market caters to various dietary needs, with low-fat and high-protein options available in the form of lean pork cuts, sausages, hams, and bacon. The market also includes plant-based products for those following vegan or organic food diets, promoting Animal Equality. The industry includes quick-service restaurants, franchise outlets, cafes, and food service restaurants, catering to sports athletes and fitness enthusiasts seeking satiety and adequate protein content in their diets. The market's environmental impact is a growing concern, with efforts being made to improve packaging methods, such as vacuum packaging and shrink bags, to minimize waste and ensure food safety.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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