Meat Market Growth Surge: Reaching $1211.05B by 2028, Fueled by Emerging Markets, Tech Innovation, and Urbanization

The meat products market size has grown strongly in recent years. It will grow from $930.13 billion in 2023 to $984.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increased demand for flavored meat products, low interest rates, a rise in disposable income, and emerging markets growth.

The meat products market size is expected to see strong growth in the next few years. It will grow to $1211.05 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to rise in global population and continued technology development. Major trends in the forecast period include investing in robotics technology, considering making new ready-to-eat variants, considering producing plant based alternatives to lessen environmental impact, considering integrating 3d imaging systems, investing in virtual reality to increase the efficiency, considering offering online delivery services, considering artificial intelligence technology to increase productivity of meat processing and quality and safety of the meat product, monitoring developments in cultured meat technology, and exploit transformational opportunities from the developments in nanotechnology in the food industry.

Market Overview -
Meat products are defined as food products that are slaughtered and used for human consumption by processing and preserving meat by smoking, salting, fermenting, or adding any chemicals.

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Rising Global Population Spurs Demand For Meat Products, Driving Opportunities For The Food Industry
The world's population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food, including meat products. According to "The Agricultural Outlook" by the OECD and FAO, global cereal production is projected to increase by 13% by 2027. Crop production, farming activities, and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from the rising demand for meat products due to the rising population during the forecast period.

Competitive Landscape -
Major companies operating in the meat products market report are JBS S.A., Tyson Foods Inc., WH Group, Marfrig Global Foods S.A., Danish Crown, NH Foods Ltd., Hormel Foods Inc., Yurun Group Limited, Cargill Inc., Perdue Farms Inc., Venkys Ltd, Simran Farms Ltd, Ovobel Foods Ltd., Shandong Jinluo Enterprise Group, Zhucheng Waimao Co., Ltd., Nippon Meat Packers, Inc, Starzen Co., Ltd, Industry Park Pty Ltd, Teys Australia Pty Ltd, Thomas Foods International Consolidated Pty Limited, Groupe Bigard, Cooperl Arc Atlantique, Biegi Foods GmbH, Cipa SAS, Rovagnati S.p.A, Campofro Food Group S.A, Iglo Foods Group Ltdq, Phw-Gruppe Lohmann & Co. AG, Martnez Loriente, S.A, Coop, Zur Mhlen Group, LDC S.A, Tulip Food Company A/S, Elpozo Alimentacion S.A, The Cedrob Group, Transavia Corporation, Worldpol Sp. Z O.o., Coldstore Niechcice, JKA Meat Supplies, Hand Mies Polowczyk SPZOO, Grill-Pol Sylwester Kowalski, Angelov Ltd., Ameta, Lalov & Vachev Ltd, Sysco Corp, Smithfield Foods Inc, National Beef Packing Co, OSI Group, Conagra Brands, Koch Foods, Sanderson Farms Inc, Aleph Farms, Gulf Business, The MeatHub KSA, Laboon Food Production Co., Al Munajem Cold Stores Company, Al Kabeer Group ME, Sunbulah Group, Chopped, Butterball, Jennie-O Turkey Store Inc., Egyptian Co. For Animal Wealth Development, Amgad For Food Industries, Ismailia For Poultry Meat Processing, Zartech Limited, Amo Farm Sieberer Hatchery Limited, Bama Farms Limited, Best Foods Global Nigeria Limited, Kleyn Begin Biltong Products, Matzikama Biltong, Claasens Designs, Elite Meat Processing Equipment Service.

Robotic Automation Revolutionizes Meat Processing For Enhanced Efficiency And Safety
Meat processing companies are adopting robotics and automation technology to maximise production efficiency. Robotic systems automate deboning, cutting, butchering, and monitoring processes in meat production. This decreases cycle times and increases throughput. Automation enables meat processing companies to improve plant conditions, reduce contamination, and make meat processing safer for workers as well as consumers. Robots can help manufacturers transfer a wide range of meat and sausages from conveyor belts to trays at a rate of up to 240 cycles per minute. Plants with fixed automation systems increase yields by at least 2-3%. For example, Image-Meater from CSB is a special hardware and software solution that fully classifies the sides of the pork automatically into different quality levels. Also, JBS, the world's largest meat processor, has acquired a majority stake in Scott Technology Ltd., a leading robotics manufacturer, to automate its meat processing plants to capitalize on the growing demand for automation in meat processing plants.

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Key Segments -
The meat products market covered in this report is segmented -
1) By Type: Pork, Mutton, Beef, Other
2) By Product Type: Chilled, Frozen, Canned/Preserved
3) By Nature: Organic, Conventional
4) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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