The Pork Meat Market is being driven by Increasing demand for grass-fed and organic pork
The Pork Meat Market is expected to grow at a CAGR of 8.37% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 220.27 million. The global pork meat market is experiencing significant growth due to the adoption of advanced technologies by key players. For instance, Memphis Meats, a pioneering food technology startup, employs innovative cellular agriculture techniques to generate pork meat from pig stem-cell lines, reducing the need for animal slaughter. The Danish Meat Research Institute, a division of the Danish Technological Institute, utilizes robotic technology to produce uniform and precise pork loin cuts, ensuring superior product quality. These technological advancements are poised to revolutionize the pork meat industry, enhancing efficiency and product consistency.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.37% |
Market growth 2024-2028 |
USD 220.27 million |
Market structure |
market_structure.ucfirst |
YoY growth 2023-2024(%) |
7.63 |
Key countries |
US, China, Germany, Russia, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The global pork meat market is influenced by various factors including consumer preferences for protein-rich diets, economic development in emerging economies, and urbanization. Swine fever and disease outbreaks pose threats, while import/export regulations and biosecurity measures ensure ethical sourcing. Feed costs, global population growth, and consumer awareness drive the demand for environmentally friendly practices and alternative protein sources. The pork industry faces challenges from technological advancements like lab-grown meat and processed food products. Economic growth and health implications are key considerations, with organic offerings and healthier options gaining popularity. Dietary habits and supply chain disruptions also impact the market, with lean meats and ready-to-cook products in high demand. International cooperation, food technology, and logistics innovations are essential for the continued growth of the pork meat market.
The global pork meat market is a significant segment of the larger packaged foods and meats market, falling under the food products sector of the food, beverage, and tobacco industry. This market encompasses food processing vendors committed to eliminating microorganisms and extending the shelf life of pork products. Technavio's market analysis calculates the market size based on the consolidated revenue of these vendors. Exclusions include manufacturers of food processing equipment and packaged alcoholic and non-alcoholic beverages, such as mineral waters. Meat safety regulations, marketing strategies, animal welfare standards, and demand forecasts shape the pork industry's landscape. Innovations in sustainable meat production, meat substitutes, and the future of meat consumption are key trends driving market growth. Investment in the pork industry remains strong, with significant focus on meat sustainability initiatives and price fluctuations influenced by plant-based meat alternatives and evolving meat consumption patterns.. 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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