Meat, Poultry & Seafood Market Size, Share, Sector / Industry Report & Analysis 2018-2025
Trusted Business Insights presents the Latest Study on Meat, Poultry & Seafood Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: Global Meat, Poultry & Seafood Market
Meat, poultry, & seafood market was valued at USD 4.2 trillion in 2016. Growing population results in increased consumer goods demand which is anticipated to ultimately contribute towards enhancing the supply of meat, poultry & seafood products. The growing consumer awareness and preferences for high-quality attributes of meat is expected to steer the global meat industry.
Within last five years, global population has been increased rapidly, cited mostly in the Middle East and Africa. Frequent chicken consumers tend to be younger and more ethnically diverse, live in larger households, and have lower incomes compared to the average consumers, according to the NCC survey. Generation Xers and baby boomers cook chicken at home more often than millennials do, but the younger generation is twice as likely to eat pre-cooked chicken at grocery store cafes.According to the U.N. Food & Agricultural Organization, the global population is projected to increase to 9.8 billion until 2050. As per the report, half of the population growth is estimated to be mostly concentrated in India, Congo, Pakistan, Nigeria, the U.S., Ethiopia, Indonesia, and Uganda.GDP growth rate for emerging economies in between 2012 to 2016 saw steady growth. Owing to the sluggish economy during 2014 to 2015, several nations were inversely affected in terms of industrial development and trade activities. However, the global economy witnessed a recovering rate of growth in 2016. Development in GDP and disposable income has created a substantial growth potential for premium quality meat and poultry-based foods.
The changing lifestyles that encourage on-the-go eating and a growing trend to replace meals with smaller nutritional snacks have led to an increase in the adoption of ready-to-eat and processed meat products in their daily diet. Growing consumer knowledge about protein ingredients and branding efforts undertaken by major manufacturers across the globe is expected to shift consumer perception, that the meat, poultry, and seafood are healthier sources for proteins as compared to vegetarian diet.
Market Segmentation, Outlook & Viewpoint: Global Meat, Poultry & Seafood Market
Product Market Segmentation & Outlook (Volume, Million Tons; Revenue, USD Billion; 2014 – 2025)
Key Players, Recent Developments & Regional Insights: Global Meat, Poultry & Seafood Market
The global meat, poultry and seafood industry comprises various product types including beef, pork, chicken, turkey, tuna, salmon, shrimp, sardines, prawns and other fishes. Seafood plays a major role in the growth of the market pertaining to the rising demand of healthy protein rich foods.
Seafood is expected to emerge as the fastest growing product segment accounting for 39.4% of market share in 2025 in terms of volume owing to become one of the preferred choice in food consumption owing to its nutritious values, easy availability and increased awareness in public. Increasing awareness among various age groups of population across the globe especially in Asia Pacific is expected to steer premium and high-value fish demand over the next eight years.
There is an increased popularity of salmon owing to its omega-3 fatty acids which offers health benefits and high protein-low fat seafood for diet conscious customers. In addition, there is an increased demand for farm-raised seafood is attributed to the shifting preference towards sustainable farming and the environmental benefits associated with it.
Per capita consumption of chicken has witnessed a rapid increase in the U.S., faster than that of beef or pork. Annual consumption of chicken was 91 pounds per person in 2016, up more than 9.9% since 2010. By contrast, red meat consumption was about 107 pounds per person, up by 8.9% during the same period.
Asia Pacific accounted for a share of 75.2% in terms of the total volume in 2016 and is expected to witness fastest growth with a significant CAGR over the forecast period. This region is primarily characterized with the rising per capita income and the increasing demand for salmon and other seafood products in addition to the meat, poultry & seafood.
Countries such as India, China, Indonesia, Philippines, and Thailand have witnessed rapid growth in terms of industrial and trade activities. Rise in living standards along with increasing population have steered the market demand for meat in the region. Consumers are shifting their diet preferences towards natural meat, poultry & seafood products, due to increasing awareness towards health and lifestyle.
Some of the world’s largest seafood producers and exporters are in developing countries, with China being the largest, both in terms of wild catch and farmed fish. Developing countries account for about 85% of seafood production and 50% of global exports. Norway, Thailand, Vietnam, and the U.S. are also among the top exporters.
UK, Russia, France, Germany and Spain dominated the European meat, poultry & seafood market. Demand in the region is expected to rise owing to the new products introduced and increasing awareness of healthy products. Shifting consumer diet preferences in countries such as Luxembourg, Netherlands, and Belgium is expected to steer demand for meat and meat products.
Major consumers of meat in Germany belonged to millennial groups. The growing consumer segment of millennials and rise in awareness for protein-enriched food among its citizens is anticipated to drive the meat demand in the country over the next eight years. The growing awareness towards new and innovative product recipes coupled with increasing flavored products is anticipated to steer the demand for meat, poultry & seafood.
Meat, Poultry & Seafood Market Share Insights
Owing to its significant market growth prospects, the global meat, poultry, and seafood industry is expected to witness substantial competitiveness over the forecast period. Major companies involved in the sector include ConAgra, Tyson Foods, Hormel Foods, Cremonini Group. Other key participants include Sanderson Farms, J.M. Smucker, Cargill, Beijing Aosiyun Meat Foodstuff, Sanderson Farms, Baiada Pty Ltd.
The meat, poultry & seafood companies have adopted the strategy of merger and acquisition to expand their business in the domestic as well as global market. In November 2017, Hormel Foods announced the acquisition of Columbus Manufacturing, Inc. from Arbor Investments, for USD 850 million. The acquisition was aimed at enhancing its deli meat and finished products.
Key Insights Covered: Global Meat, Poultry & Seafood Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Meat, Poultry & Seafood industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Meat, Poultry & Seafood industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Meat, Poultry & Seafood industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Meat, Poultry & Seafood industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Meat, Poultry & Seafood industry.
Research Methodology: Global Meat, Poultry & Seafood Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
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