Global Meat Products Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
21 Apr, 2021
The meat products market consists of sales of meat products by entities (organizations, sole traders and partnerships) that produce and process pork, beef, sheep and goats, birds, and other animals. The companies in the industry, package and distribute their products through various distribution channels to both individual customers and commercial establishments.
Global Meat Products Market Size And Drivers:
The global meat products market is expected to grow from $838.25 billion in 2020 to $867.26 billion in 2021 at a compound annual growth rate (CAGR) of 3.5%. The market is expected to reach $1.15 trillion in 2025 at a CAGR of 7%.
Companies in this market are expected to benefit from rising demand for meat products due to rising population, during the forecast period.
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Trends In The Global Meat Products Market
Meat processing companies are adopting robotics and automation technology to maximize 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 makes meat processing safer for workers as well as consumers. Robots can help manufacturers in transferring 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% over workers.
Global Meat Products Market Segments:
The global meat products market is further segmented based on type, distribution channel, product type, nature and geography.
By Type: Pork, Mutton Other Meat Products.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
By Product Type: Chilled, Frozen, Canned/Preserved.
By Nature: Organic, Conventional.
By Geography: The global meat products market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global meat products market, accounting for 52% of the total market.
Read More On The Report For The Global Meat Products Market At:https://www.thebusinessresearchcompany.com/report/meat-products-global-market-report-2020-30-covid-19-impact-and-recovery
Meat Products Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides meat products market overviews, analyzes and forecasts market size and growth for the global meat products market, meat products market share, meat products market players, meat products market segments and geographies, meat products market’s leading competitors’ revenues, profiles and market shares. The meat products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.