Hog Production and Pork Market

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Hog Production and Pork Market (Application - Food, Medicine, and Clothing; End User - Food Processing Industry, Food Service Providers, and Other End User): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : February, 2020

  • Rep Id : FB0223

  • Category : Food & Beverages

  • Status : Published

A recent report published by Infinium Global Research on the hog production and pork market provides an in-depth analysis of segments and sub-segments in the global as well as regional hog production and pork market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional hog production and pork market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global hog production and pork market. According to the report, the global hog production and pork market is projected to grow at a CAGR of 2% over the forecast period of 2019-2025.

 

Market Insight

Hog Production or Pig Farming is known for breeding and raising domestic pigs for multiple purposes, but it is done primarily for food like pork, gammon, bacon. Another usage of hog production is skin supply, cosmetics, medicine, fat and other material for clothing, etc. Pigs are rich sources of pork meat and fat. Around one billion pigs are butchered every year and China consumes pork the most. In August 2018, The Maschhoffs launched a Farm-to-Table tool for hog production. This tool explains the process of raising a pig from start to finish, which will help in the rising of pig farming in the USA. The Maschhoffs have estimated that with this Farm-to-Table Experience, users will get a deep understanding of how to produce enough pork to feed approx. 16 million people each year.

 

In the current lifestyle, people are looking for protein contained foods and it is enriched in pork. Therefore, the consumption of protein contained food is propelling this market. At many places like in India, people used to butcher pigs on a religious day as per their tradition, which rises the hog production and pork market. Several cosmetic and medical products are being developed using pig fat and other materials and this is growing the market day by day. With the increasing population, the consumption of pork has increased the demand in the market. However, the increasing prevalence of the African Swine Fever (ASF) globally yet remains one of the major restraints to this market. This disease is increasing day by day in developing countries such as the Asia Pacific.  Therefore, there is a need to improve the feed production techniques. Moreover, pig health diagnostic is a major challenge for the producer of Asia Pacific regions. Increasing support and investment by the government for the players of the market offers favorable opportunities in this market. 

 

Based on the region, global hog production and pork market are segmented into North America, Europe, Asia Pacific, and RoW. Among all, Asia Pacific holds the highest market share in this market due to the high consumption as well as production in China. In addition, the government is supporting the players of this market for the high production of the hog and pork. Thereby, these factors boost the growth of the market. North America is the second-largest market share of this market is expected to grow at the highest CAGR in the forecast period due to the presence of the larger exporter of the pig in this market as well the availability of the pig which is cost-effective, followed by Europe.

 

Segment Covered

The report on global hog production and pork market covers segments such as application, and end user. On the basis of application, the sub-markets include food, medicine, and clothing. On the basis of end user, the sub-markets include food processing industry, food service providers, and other end user.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Smithfield Foods, Inc., Seaboard Corporation, Wan Chau International Limited, Triumph Foods, China Yurun Food Group Limited, Charoen Pokphand Group, and Lowa Select Farms.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of hog production and pork market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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