Pork Meat Market Outlook 2032
The global pork meat market size was USD 264.70 Billion in 2022 and is anticipated to reach USD 373.50 Billion by 2031 expand at a CAGR of 3.9% during the forecast period, 2023 to 2031. Pork meat is the culinary name for meat of the domestic pig. Pork meat is a good source of certain nutrients as well as contain high quality proteins that can be added as a good nutrition of a healthy diet.
It contains protein, niacin, vitamin B6 and B12, iron, zinc, minerals such as phosphorous, selenium, and thiamine that is essential for proper thyroid function. The various benefits offered by pork meat are improvement in muscle performance and maintenance by helping tissue in creating new muscles, and lowering fatigue.
Pork Meat Market Trends, Drivers, Restraints, and Opportunities:
- Global trend among fitness enthusiasts for building muscles is boosting the growth of the market.
- Easy availability of product through various distribution and sales channels such as convenience stores, hypermarket/supermarket, specialty stores, and online retailing are driving the market growth.
- Increasing adoption of pork meat as a staple food included with high nutritional profile and source of proteins is driving the market growth.
- Growing expansion of retail sector and quick service restaurants associated with growing demand adoption of pork meat helps are fueling the growth of the market.
- Stringent regulatory framework implemented by government against animal cruelty act are hindering the market growth.
- Rising adoption veganism concept can restrict the growth of the market.
- Increasing demand for organic pork meat and clean label products can create opportunities for the market to grow in near future.
Scope of the Pork Meat Market Report:
The report on pork meat market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Pork Meat market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Meat Forms (Canned/Preserved, Fresh/Chilled, and Frozen), Packaging (Store Wrap, Modified Atmosphere Packaging, Vacuum Packaging, Shrink Bags, and Others), Distribution Channels (Convenience Stores, Hypermarkets/Supermarkets, Specialty Stores, Online Retailing, and Others), and Applications (Consumer and Residential)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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BRF, China Yurun Food Group Ltd, Coca Foods International Co., Ltd, CRAIG MOSTYN GROUP, Danish Crown, Dawn Meats, JBS, Smithfield Foods, Inc, SuperValu, Tonnies, Vion Food Group, and WH Group Limited
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Pork Meat Market Segment Insights:
Frozen segment is projected to hold significant market share
In the terms of meat forms, the market can be divided into canned/preserved, fresh/chilled, and frozen. The frozen segment held an extensive share of the market in 2020 and estimated to grow during the forecast period owing to increasing consumption of meat, seafood, and poultry.
Moreover, changing consumer’s preference, shifting demand toward the adoption of frozen food, and changing consumption pattern worldwide are key factors spurring the segment growth.
Shrink bags segment held substantial market share in 2020
Based on packaging types, the pork meat market can be fragmented into store wrap, modified atmosphere packaging, vacuum packaging, shrink bags, and others. The shrink segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period. The growth in shrink bags segment is due to expansion of food service outlets worldwide.
Shrink bags helps to keep perishable food products fresh while transporting or delivering. Furthermore, adoption of shrink bags for pork packaging associated with use in the catering industry is driving the segment growth.
Specialty stores segment is anticipated to hold considerable market share
On the basis distribution channels, the market can be segregated into convenience stores, hypermarket/supermarket, specialty stores, online retailing, and others. The specialty store segment is expected to hold majority of shares in the market during the forecast period owing to buying of meat in bulk quantity with reasonable prices.
Furthermore, specialty stores are able to provide reliable freshness pork meat with longer shelf life by eliminating the excess time of portioning out meats, packaging, trimming cuts, and waste
Commercial segment is anticipated to grow at a substantial rate
Based on applications, the pork meat market can be segregated into commercial and residential. The commercial segment is expected to cover a sizable share of the market share during the forecast period due to growing working population tend to increasing demand for meals outside home.
Furthermore, lack of availability or awareness of pork meat cooking recipes are increasing the demand for consumption at commercial places rather than household or residential. On the other hand, increasing demand for pork meat for residential consumption is projected to increase the growth of the global pork meat market.
The market in Asia Pacific expected to grow at a significant rate during the forecast period
In terms of regions, the pork meat market can be categorized as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific constituted a significant share of the market in 2020 due to rising disposable income and growing urbanization.
Additionally, growing adoption of pork meat as a staple food, offering various benefits such as great source of proteins, fats, and vitamins with delicious taste helps in the expansion of pork meat market in Asia Pacific.
Segments
By Meat Forms
- Canned/Preserved
- Fresh/Chilled
- Frozen
By Packaging
- Store Wrap
- Modified Atmosphere Packaging
- Vacuum Packaging
- Shrink Bags
- Others
By Distribution Channels
- Convenience Stores
- Hypermarkets/Supermarkets
- Specialty Stores
- Online Retailing
- Others
By Applications
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- BRF
- China Yurun Food Group Ltd
- Coca Foods International Co., Ltd
- CRAIG MOSTYN GROUP
- Danish Crown
- Dawn Meats
- JBS
- Smithfield Foods, Inc
- SuperValu
- Tonnies
- Vion Food Group
- WH Group Limited
Competitive Landscape
Key players in the pork meat market include BRF, China Yurun Food Group Ltd, Coca Foods International Co., Ltd, CRAIG MOSTYN GROUP, Danish Crown, Dawn Meats, JBS, Smithfield Foods, Inc, SuperValu, Tonnies, Vion Food Group, and WH Group Limited. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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