This report provides exclusive insights into the COVID-19 impact on the Hog Production and Pork Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Hog Production and Pork Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Hog Production and Pork Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.
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.
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
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.
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.