Global Meat, Poultry And Seafood Market Trends And Strategies Of Major Players In The Meat, Poultry And Seafood Market 2021-2030
5 Feb, 2021
The meat, poultry and seafood market consists of sales of meat, poultry and seafood by entities (organizations, sole traders and partnerships) that produce and process meat, poultry and seafood. The meat, poultry and seafood industry includes establishments engaged in animal slaughtering and processing, poultry processing and seafood product preparation and packaging. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments.
Global Meat, Poultry And Seafood Market Size And Drivers:
The global meat, poultry and seafood market is expected to grow from $1.38 trillion in 2020 to $1.44 trillion in 2021 at a compound annual growth rate (CAGR) of 3.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.91 trillion in 2025 at a CAGR of 7%.
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Trends In The Global Meat, Poultry And Seafood Market
Poultry processing companies are increasingly using 3D imaging systems to optimize yields. 3D imaging systems model the poultry bird using sensors and actuators to determine the position of cut. The bird is put under the vision system, which takes the images and measurements and geometry is determined. Near-infrared sensors determine the amount of meat and bone present in the bird. Vision analysis enables the system to perform optimal cuts for each bird regardless of the size and shape. It is a data-driven process which maximizes the yield and minimizes per unit cost for poultry meat processing. Major companies involved in pioneering this technology include Gainco, a meat and poultry equipment manufacturer, and Midwest Machine LLC.
Global Meat, Poultry And Seafood Market Segments:
The global meat, poultry and seafood market is further segmented based on type, distribution channel, nature and geography.
By Type: Meat Products, Poultry, Seafood.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
By Nature: Organic, Conventional.
Subsegments Covered: Pork, Mutton, Beef, Other Meat Products, Chicken, Turkey, Ducks, Other Poultry, Crustaceans, Fish, Other Seafood.
By Geography: The global meat, poultry and seafood 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, poultry and seafood market, accounting for 45% of the total market.
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Meat, Poultry And Seafood Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides meat, poultry and seafood market overviews, analyzes and forecasts market size and growth for the global meat, poultry and seafood market, meat, poultry and seafood market share, meat, poultry and seafood market players, meat, poultry and seafood market segments and geographies, meat, poultry and seafood market’s leading competitors’ revenues, profiles and market shares. The meat, poultry and seafood market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.