Here Are The Top Insights on Meat Market Size To Know The Opportunities and And Challenges

meat market size

The global meat market is expected to witness a CAGR of about 4% during the forecast period. Certain factors that are driving the market growth include the rise in global meat consumption, new product launches, growing investments and focus on expanding production capabilities, and expansion in the retail landscape. As per the latest market research report published by Technavio, the meat market size will grow by USD 210 billion during 2019–2023. The report offers an analysis of the market based on the product (pork, poultry, beef, and others) and type (processed and fresh).

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The consumption of meat across the world has witnessed a steady growth rate since the past decade. According to the USDA, in 2017 the global consumption of proteins (beef, poultry, and pork) was 258 million tons. Poultry segment growth was increased by approximately 16% between 2008 and 2017 making it the highest growth segment. The increased consumption of meat is due to increasing consciousness among the people about their protein intake in their daily diet.

The increased production capacity and supply of meat is due to the growing population. Also, the APAC and MEA are the major regions that have rising meat production and consumption. Hence, owing to the increased production and consumption of meat, and healthy economic growth in these regions will result in the market expansion.

The growing awareness among the consumer about the health benefits of organic food products has increased their demand and consumption, including organic meat. To meet this growing demand, key players are focusing on expanding their presence in the organic meat segment.

There is increasing demand for grass-fed and organic pork among consumers due to their value-added benefits, such as better taste and high nutritional value. This growing trend for grass-fed and organic meat will support the growth of the meat market during the forecast period.

The global meat market is expected to witness a CAGR of about 4% during the forecast period. Certain factors that are driving the market growth include the rise in global meat consumption, new product launches, growing investments and focus on expanding production capabilities, and expansion in the retail landscape. To know more about this market, get the complete report below.

Get the Complete Report @ http://bit.ly/2m2fxE2