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 8.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 238 million. The global pork meat market is experiencing a positive trend due to the adoption of advanced technologies by key players for the production of superior quality pork products. For instance, Memphis Meats, a pioneering food technology startup, employs innovative cellular agriculture techniques to generate pork muscle from a pig stem-cell line, thereby reducing the need for animal slaughter. The Danish Meat Research Institute, an affiliate of the Danish Technological Institute, utilizes robotic technology to produce precise and uniform pork loin cuts, ensuring top-tier product consistency. These technological advancements are poised to significantly impact the market, enhancing efficiency, product quality, and animal welfare concerns during the forecast period.
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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 |
218 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.4% |
Market growth 2025-2029 |
USD 238 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
7.9 |
Key countries |
China, US, Germany, Brazil, Russia, Japan, India, UK, Australia, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The pork industry encompasses various products derived from pigs, including pork byproducts such as offal, skins, casings, gelatin, and collagen. Pork meal and bone meal are produced from processing waste. Pork farming practices range from intensive to organic, free-range, pasture-raised, antibiotic-free, hormone-free, GMO-free, and sustainable. Traceability technology like blockchain, RFID, and sensor technology ensure transparency. Automation solutions, robotics applications, predictive analytics, and marketing strategies including digital, influencer, and content marketing, e-commerce, online ordering, delivery services, and subscription services cater to consumer demands. Hygiene standards and meat substitutes are essential considerations, while nutritional value highlights the health benefits.
The global packaged foods and meats market encompasses businesses 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 vendors. This market segment excludes equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties. Factors propelling the expansion of the global packaged foods and meats market include the health advantages linked to minimally processed foods. Minimally processed food items, such as pork cuts like pork belly, ground pork, pork sausage, pork patties, and pork meatballs, provide essential nutrients such as 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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