Pork Meat Market (Type - Frozen, and Chilled; Packaging - Shrink Bags, Vacuum Packaging, Modified Atmosphere Packaging, Store Packaging, and Others; Application - Commercial, and Domestic): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Pork Meat Market (Type - Frozen, and Chilled; Packaging - Shrink Bags, Vacuum Packaging, Modified Atmosphere Packaging, Store Packaging, and Others; Application - Commercial, and Domestic): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

Report Code: FB0155 Category: Food & Beverages Published: September, 2022

A recent report published by Infinium Global Research on pork meat market provides in-depth analysis of segments and sub-segments in the global as well as regional pork meat market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional pork meat market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global pork meat market. According to the report, the global pork meat market is projected to grow at a CAGR of over 3% over the forecast period of 2022-2028.

Market Insight

The revenue generated by the pork meat market was about USD 240 billion in 2022 and is expected to reach nearly USD 290 billion in 2028 and is expected to grow with a CAGR of over 3% over the forecast period 2022-2028. Pork is the meat of a domestic pig, which is been most commonly consumed across the globe, excluding some countries in the Middle East. This meat is majorly consumed in the western part of the world like Central Europe and Southeast Asia. Pork meat has a good source of certain nutrients, as well as high-quality protein. They are also rich in sources of certain vitamins and minerals that the human body needs to function, such as iron and zinc. Consumption of pork meat in limited quantity can add addition to a healthy diet. Pork also falls into different livestock categories, such as lamb, veal, and beef. Pork can be both freshly cooked or preserved. The most desired pork is grayish pink in color, firm and fine-grained, well-marbled, and covered with an outer layer of firm white fat.

Pork Meat Market

The rising awareness regarding the health benefits offered by pork meat among consumers is the major driving factor for the market growth. Moreover, the demand for healthy and nutritious food is increasing among consumers is increasing after the pandemic. The growing retail market and easy availability through different channels making it convenient for the consumer to purchase pork meat will drive its market in the upcoming year. Moreover, the increasing number of vegan-consuming populations and various sets of rules (Laws) imposed by the government against animal cruelty acts can restraint its market growth in upcoming years. Furthermore, increasing awareness and popularity amongst the population for organic pork meat products and clean-label products will create an opportunity for market growth in the forecast period.

The COVID-19 outbreak had significant major economic impacts across the world. COVID-19 has caused a shift in demand both across and within different types of meat. Due to lockdowns imposed by the government, closures of restaurants and other food service businesses clearly cause a decline in expenditures on food away from home. Consumers are responding to changes in income due to the macroeconomic effects of the pandemic. COVID-19 resulted in many changes to dietary habits and thus changed to demand for meat in the market. The pandemic coincided with severe, historically large changes in prices for beef and pork due to disrupted supply chain activities that occurred in the starting phase of the pandemic. In the upcoming year, the market will grow at a moderate rate.

Among the regions, Asia Pacific accounted for the largest share of the global pork meat market. Higher health consciousness among consumers coupled with high disposable income majorly drives the growth of the pork meat market in this region. Increasingly busy lifestyles consumers opt for convenient food that does not require time for cooking or preparation. This rising preference for such ready-to-eat meals is propelling the pork meat products market. However, North America is anticipated to grow at a steady rate in the global pork meat market over the forecast period. Pork is often a food of choice among people who are trying to gain weight moreover the people in this region are health-conscious. Changing food habits where processed meat is preferred over fresh meat strengthens the growth of the pork meat market in this region.

Segment Covered

The report on global pork meat market covers segments such as type, packaging, and application. On the basis of type, the sub-markets include frozen, and chilled. On the basis of packaging, the sub-markets include shrink bags, vacuum packaging, modified atmosphere packaging, store packaging, and others. On the basis of application, the sub-markets include commercial, and domestic.

Companies Profiled:

The report provides profiles of the companies in the market such as WH Group Limited, Vion Food Group Ltd, China Yurun Food Group Ltd., Tonnies, Tyson Foods Inc., Danish Crown, Triumph Foods, Smithfield Foods, JBS S.A., and Dawn Meats.

Report Highlights:

The report provides deep insights into 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 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 the pork meat market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. 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 insight into the market share of the leading players.


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