Reliable Data You Can Trust
Reliable Data You Can Trust
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.
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.
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.
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, retail packaging, and others. On the basis of application,
the sub-markets include commercial, and domestic.
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.
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.
Please Choose One of them.