The latest report published by IMARC Group, titled “Meat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on meat industry report. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global meat market size reached US$ 1.4 Trillion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.7 Trillion by 2032, exhibiting a growth rate (CAGR) of 2.01% during 2024-2032.

Meat, a staple component of global cuisine, is the edible flesh derived from animals, primarily used as food. It encompasses a variety of types, each distinct in taste, texture, and nutritional value. Commonly consumed meats include beef, pork, poultry (such as chicken and turkey), lamb, and goat. Seafood, though often categorized separately, also falls under the broader classification of meat. Each type of meat offers unique benefits; for instance, red meats such as beef and lamb are rich in iron and protein, while poultry is known for being a leaner protein source with less saturated fat.

The global consumption of meat is driven by its high nutritional value, providing essential proteins, vitamins, and minerals. Additionally, meat plays a critical role in cultural and culinary traditions around the world. The versatility of meat in culinary applications, from roasting and grilling to curing and smoking, adds to its appeal as a dietary staple. Despite varying consumption patterns across regions, meat remains a central element in global food culture and a key industry in the agricultural sector.

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Market Trends:

The global meat market is majorly driven by changing consumer preferences, economic trends, and technological advancements. Additionally, the rising global population and the corresponding increase in protein demand are positively influencing the market. This demographic shift, especially in emerging economies with growing middle classes, is leading to higher meat consumption per capita. Along with this, technological advancements in meat production, processing, and preservation are significantly supporting the market. In addition, innovations in animal husbandry, feed efficiency, and meat processing techniques are improving meat quality and shelf life, expanding its global reach. Moreover, the development of cold chain logistics is facilitating the efficient transport of meat products across long distances, supporting the growth of the international meat trade.

Apart from this, the growing demand for leaner meats, including poultry, due to health consciousness, there is also an increased interest in organic and grass-fed meats, perceived as healthier and more sustainable options. Therefore, this is significantly supporting the market. In confluence with this, the diversification of meat products, including value-added products, including ready-to-eat meats and meat-based snacks, caters to the fast-paced lifestyle of modern consumers, further driving market growth. Furthermore, government policies and regulations related to animal welfare, meat production, and food safety standards are creating a positive market outlook.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• BRF S.A.
• Cargill Incorporated
• Clemens Food Group
• Conagra Brands Inc.
• Hormel Foods Corporation
• JBS S.A.
• Minerva Foods SA
• NH Foods Ltd.
• Sysco Corporation
• Tyson Foods Inc.
• Vion Food Group
• WH Group Limited

Meat Market Segmentation:

Our report has categorized the market based on region, type, product and distribution channel.

Type Insights:

• Raw
• Processed

Product Insights:

• Chicken
• Beef
• Pork
• Mutton
• Others

Distribution Channel Insights:

• Supermarkets and Hypermarkets
• Departmental Stores
• Specialty Stores
• Online Stores
• Others

Regional Insights: 

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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