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Meat Global Market Report 2023

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    • Cargill Incorporated
    • Conagra Brands Inc.
    • JBS SA
    • NH Foods Ltd.
    • Tyson Foods Inc.

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LSH 23.05.25

“Meat Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on meat market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for meat? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The meat market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

  • 1) By Type: Raw; Processed
  • 2) By Product: Chicken; Beef; Pork; Mutton; Other Products
  • 3) By Distribution Channel: Supermarkets and Hypermarkets; Departmental Stores; Specialty Stores; Online Stores; Other Distribution Channels
  • Companies Mentioned: Cargill Incorporated; Conagra Brands Inc.; JBS S.A.; NH Foods Ltd.; Tyson Foods Inc.
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the meat market are Cargill Incorporated, Conagra Brands Inc., JBS S.A., NH Foods Ltd., Tyson Foods Inc., BRF Global, Clemens Food Group, Hormel Foods Corporation, Sysco Corporation, Vion Food Group, WH Group Limited, Smithfield Foods Inc., Minerva Foods SA, National Beef Packing Company LLC, and Cherkizovo Group PJSC.

The global meat market is expected to grow from $1,094.89 billion in 2022 to $1,165.33 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The meat market is expected to reach $1,441.94 billion in 2027 at a CAGR of 5.5%.

The meat market consists of sales of chicken, turkey, duck, rabbit, and game meats. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Meat is the flesh of an animal that is cooked and taken by humans for their consumption. It is a significant source of important nutrients for many people, including high-quality protein, iron, and B vitamins.

Asia-Pacific was the largest region in the meat market in 2022. The regions covered in meat report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of meat are raw and processed. Raw meat refers to any sort of uncooked muscle tissue from an animal that is used for sustenance. The types of products included are chicken, beef, pork, mutton, and others, which are sold through several distribution channels, such as supermarkets and hypermarkets, departmental stores, specialty stores, online stores, and others.

Growing meat consumption is expected to boost the growth of the meat market going forward. Meat refers to the flesh or other edible components of animals (often domesticated cattle, swine, and sheep) used for food, which may also include tendons, ligaments, and muscles. Consumption of meat is increasing worldwide as it is a good source of protein and contains a number of vitamins and minerals, such as selenium, niacin, and vitamin B12. For instance, according to a report published in January 2020 by Our world in data, an online scientific publication focusing on large global problems report, the global meat production in 2019 was 335.46 million tonnes, which rose to 337.18 million tonnes in 2020. Furthermore, according to an article published in February 2021 by The Culinary Institute of America, a private institution for food and wine education based in the United States, the average adult male American consumes 75% more protein than is required, while the average adult female American consumes 50% based foods, such as meat, fish, poultry, eggs, and dairy. Therefore, growing meat consumption is driving the growth of the meat market.

Product innovations have emerged as the key trend gaining popularity in the meat market. Major companies operating in the meat market are developing innovative products to strengthen their position in the market. For instance, in February 2021, Tyson Foods Inc., a US-based food processor and marketer of chicken, beef, and pork, introduced Jimmy Dean Loaded Sausage Bites and Omelet Minis. The Jimmy Dean Loaded Sausage Bites and Omelet Minis are created in a single-serve cup with breakfast meats, eggs, and cheese, whereas Meat Lovers or Turkey Sausage contain 16 to 19 grams of protein, whereas Sausage & Cheddar and Gouda & Bacon contain 13 to 14 grams of protein. The Jimmy Dean Loaded Sausage Bites and Omelet Minis are intended to provide a quick warm breakfast or snack with the flavors.

In November 2021, JBS USA Holdings, Inc., a US-based food processing company, acquired Biotech Foods for an undisclosed amount. This acquisition marks JBS USA Holdings' entry into the market for cultured proteins, which entails creating food from animal cells and includes investment in constructing a new factory in Spain to increase production. Biotech Foods is a Spain-based biotechnology company dedicated to the development of cultured meat.

The countries covered in the meat market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The meat market research report is one of a series of new reports from The Business Research Company that provides meat market statistics, including meat industry global market size, regional shares, competitors with a meat market share, detailed meat market segments, market trends and opportunities, and any further data you may need to thrive in the meat industry. This meat market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Table of Contents

1. Executive Summary

2. Meat Market Characteristics

3. Meat Market Trends And Strategies

4. Meat Market - Macro Economic Scenario

  • 4.1. COVID-19 Impact On Meat Market
  • 4.2. Ukraine-Russia War Impact On Meat Market
  • 4.3. Impact Of High Inflation On Meat Market

5. Meat Market Size And Growth

  • 5.1. Global Meat Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Meat Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Meat Market Segmentation

  • 6.1. Global Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Raw
  • Processed
  • 6.2. Global Meat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Chicken
  • Beef
  • Pork
  • Mutton
  • Other Products
  • 6.3. Global Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Supermarkets and Hypermarkets
  • Departmental Stores
  • Specialty Stores
  • Online Stores
  • Other Distribution Channels

7. Meat Market Regional And Country Analysis

  • 7.1. Global Meat Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Meat Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Meat Market

  • 8.1. Asia-Pacific Meat Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Meat Market

  • 9.1. China Meat Market Overview
  • 9.2. China Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Meat Market

  • 10.1. India Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Meat Market

  • 11.1. Japan Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Meat Market

  • 12.1. Australia Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Meat Market

  • 13.1. Indonesia Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Meat Market

  • 14.1. South Korea Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Meat Market

  • 15.1. Western Europe Meat Market Overview
  • 15.2. Western Europe Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Meat Market

  • 16.1. UK Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Meat Market

  • 17.1. Germany Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Meat Market

  • 18.1. France Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Meat Market

  • 19.1. Eastern Europe Meat Market Overview
  • 19.2. Eastern Europe Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Meat Market

  • 20.1. Russia Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Meat Market

  • 21.1. North America Meat Market Overview
  • 21.2. North America Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Meat Market

  • 22.1. USA Meat Market Overview
  • 22.2. USA Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Meat Market

  • 23.1. South America Meat Market Overview
  • 23.2. South America Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Meat Market

  • 24.1. Brazil Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Meat Market

  • 25.1. Middle East Meat Market Overview
  • 25.2. Middle East Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Meat Market

  • 26.1. Africa Meat Market Overview
  • 26.2. Africa Meat Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Meat Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Meat Market Competitive Landscape And Company Profiles

  • 27.1. Meat Market Competitive Landscape
  • 27.2. Meat Market Company Profiles
    • 27.2.1. Cargill Incorporated
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Conagra Brands Inc.
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. JBS S.A.
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. NH Foods Ltd.
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Tyson Foods Inc.
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Meat Market

29. Meat Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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