Global meat market in the year 2020 was valued at USD2308.61 billion and is expected to reach over USD2960.04 billion by the end of 2026, growing at a CAGR of over 4.34% through 2026. Meat market is among one of the stable food markets especially in the developed countries. Continuous rise in the consumption pattern of meat eaters has been increased with a rise in the income level of people. However, it has been noted that the meat per capita consumption in developed countries is twice more than world average level.

Some of the major trends of this market include growing population, rising income and growing urbanization, innovative products offered by the company, increasing demand for meat and meat products in developing countries and additional factors like influence of healthy and ethical living will further enhance the growth of this market through 2026.

The meat industry is forced to develop new products with altered and novel formulations, such as innovative microbial enzymes in plant or animal could be used in meat industry to modify the texture of meats and meat products. Until now any growth in the addition of nutrients to meat products hasn’t been seen, but in the future, we can expect from the research and development teams of the leading brands to add value to the products.
The global meat market is categorized based on type into processed and raw. Among them, the raw category represents almost 86% of the global meat market. As many of the industrial nations have different demands such as meat with no additives or chemical residues, minimal processing, convenient and healthy meat products, the demand for homemade and raw meat consumption is expected to increase in the upcoming years.

In terms of region, the global meat market is categorized into Asia-Pacific, Europe, North America, South America, and Middle East & Africa. Among these regions, Asia-Pacific is expected to maintain the first position in terms of market share and historical growth. As well as it is expected to contribute almost 45% of the total market for the estimated the year of 2026, followed by Europe and North America, which are expected to remain stable markets. China holds the largest market of the meat industry in terms of the country with a market size of USD292.68 billion in the year 2020. It is expected to maintain the first position in the market considering the GDP and the food consumption pattern. After China, United States of America and India hold the second and third positions at the global level.

The meat market has become an attractive destination for investments and several large multinational companies are entering this market. Some of the major companies are JBS S.A., TYSON FOODS, INC., Cargill Meat Solutions Corp., WH Group Limited, BRF S.A., SYSCO CORPORATION, Hormel Foods Corporation, ITOHAM YONEKYU HOLDINGS INC., Vion Food Group, Minerva Foods SA, and Sanderson Farms, Inc., etc. The global meat market is highly fragmented due to many local and international suppliers.

Years considered for this report:

Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026

Objective of the Study:

  • To analyze the historical growth in the market size of the global meat market from 2016 to 2020.
  • To estimate and forecast the market size of the global meat market from 2021 to 2026 and growth rate until 2026.
  • To classify and forecast global meat market based on product, type, distribution channel, company, and region.
  • To identify the dominant region or segment in the global meat market.
  • To identify drivers and challenges for the global meat market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global meat market.
  • To identify and analyze the profile of leading players operating in global meat market.
  • To identify key sustainable strategies adopted by market players in the global meat market.

Key Target Audience:

  • Manufacturers, distributors, and end-users
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policymakers
  • Organizations, forums, and alliances related to meat

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:
In this report, global meat market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Meat Market, By Product:
    • Chicken
    • Beef
    • Pork
    • Mutton
    • Others (Birds, Turkey, Venison, etc.)
  • Global Meat Market, By Type:
    • Raw
    • Processed
  • Global Meat Market, By Distribution Channel:
    • o Departmental Stores
    • o Specialty Stores
    • o Hypermarket/ Supermarket
    • o Online Sales Channel
    • o Others (Direct Sellers, General Merchandised Retailers, etc.)
  • Global Meat Market, By Region:
    • Asia-Pacific
      •  China
      •  India
      •  Vietnam
      •  Japan
      •  Indonesia
    • Europe
      •  Russia
      •  Germany
      •  France
      •  United Kingdom
      •  Italy
    • North America
      •  United States
      •  Canada
      •  Mexico
    • South America
      •  Brazil
      •  Argentina
      •  Colombia
    • Middle East and Africa
      •  Iran
      •  South Africa
      •  Egypt
      •  Saudi Arabia

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global meat market.

Available Customizations:
With the given market data, our research team offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).