Overview and Scope
Meat, poultry, and seafood meat are defined as meat products that are slaughtered and used for human consumption by processing and preserving by smoking, salting, fermenting, or adding any chemicals.
Sizing and Forecast
The meat, poultry and seafood market size has grown strongly in recent years. It will grow from $1527.25 billion in 2023 to $1623.6 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to increasing rise in disposable income, increased popularity of seafood products, low interest rates, and emerging markets growth.
The meat, poultry and seafood market size is expected to see strong growth in the next few years. It will grow to $2037.24 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increased awareness about the health benefits, increasing population, and increased demand for quality and sustainability. Major trends in the forecast period include increased awareness about the health benefits, increasing population, and increased demand for quality and sustainability.
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Segmentation & Regional Insights
The meat, poultry and seafood market covered in this report is segmented –
1) By Type: Meat Products, Poultry, Seafood
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channel
3) By Nature: Organic, Conventional
Asia-Pacific was the largest region in the meat, poultry and seafood market in 2023. Western Europe was the second-largest region in the meat, poultry and seafood market. The regions covered in the meat, poultry and seafood market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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. 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 to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for meat, poultry, and seafood products due to the rising population during the forecast period.
Key Industry Players
Major companies operating in the meat, poultry and seafood market report are JBS S.A, Tyson Foods Inc, WH Group Limited, Marfrig Global Foods S.A., Pilgrim’s Pride Corporation, Hormel Foods Corp, Maple Leaf Foods Inc, Thai Union Group, Vion Holding, Danish Crown A/S, Pescafresh, Godaco Seafood, Grand Wynn Enterprises, NH Foods Ltd, Charoen Pokphand Group, Suguna Foods, Doyoo Group, New Hope Liuhe, Wen’s Food Group, Bell & Evans, Hain Celestial, Fosters Farm, Cargill meat solutions, Riverford Organic Farms, Danone, Capestone Organic Poultry Farm, Underrwood Meat Company, Springfield Poultry, Yorkshire Valley Farms, Rossdown Farms & Natural Foods, Beretta Farms, Smithfield Foods Inc, Pjsc, F.L.G. Srl, Scorilo Srl, Enpi Lake Fishing SRL, Cherkizovo, MHP, Gap Resurs, AO Prioskolie, Sadia, Seara Foods, Perdigao SA, Minerva Foods.
The meat, poultry and seafood market report table of contents includes:
- Executive Summary
- Meat, Poultry And Seafood Market Characteristics
- Meat, Poultry And Seafood Product/Service Analysis -Product/Service Examples
- Meat, Poultry And Seafood Market Trends And Strategies
- Meat, Poultry And Seafood Market – Macro Economic Scenario
- Global Meat, Poultry And Seafood Market Size and Growth
- Meat, Poultry And Seafood Market Segmentation
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- Key Mergers And Acquisitions In The Meat, Poultry And Seafood Market
- Meat, Poultry And Seafood Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Meat, Poultry And Seafood Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Meat, Poultry And Seafood Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Meat, Poultry And Seafood Market, Segmentation By Nature, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 144: JBS S.A Financial Performance
Table 145: Tyson Foods Inc Financial Performance
Table 146: WH Group Limited Financial Performance
Table 147: Marfrig Global Foods S.A. Financial Performance
Table 148: Pilgrim’s Pride Corporation Financial Performance
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