Meat, Poultry And Seafood Market Characteristics
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.
Competitive Landscape of the Meat, Poultry And Seafood Market
Major players in the global meat, poultry and seafood market include JBS S.A., Tyson Foods, Inc., WH Group Limited, NH Foods, BRF S.A., Danish Crown A/S, Hormel Foods Corp, Pilgrim's Pride Corporation, Marfrig Group, Sanderson farms.
Meat, Poultry And Seafood Market Size
The meat, poultry and seafood market size is expected to reach $1.5 trillion by 2022, significantly growing at a CAGR of around 5% during the forecast period. The growth in the Meat, Poultry And Seafood market is due to increased demand for meat, poultry and seafood primarily from households and restaurants in developing countries owing to rising disposable income, increasing population in many Asian population, growing number of retail stores selling meat products, increasing shift towards meat-based diet and changing consumer preferences.
However, the market for meat, poultry and seafood is expected to face certain restraints from several factors such as health awareness and shift towards vegan lifestyle.
Meat, Poultry And Seafood Market Segmentation
The global meat, poultry And Seafood market is further segmented based on type and geography.
By Type - The meat, poultry and seafood market is segmented into meat, seafood, and poultry among these segments, the meat market accounts for the largest share in the global meat, poultry and seafood market.
By Geography - The global meat, poultry and seafood is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Western Europe meat, poultry and seafood market accounts the largest share in the global meat, poultry and seafood market.
Trends in the Meat, Poultry And Seafood Market
Robotics and automation in meat processing, 3d imaging to debone poultry meat and x-ray technology for inline fat analysis are the major trends witnessed in the global Meat, Poultry And Seafood market.
Potential Opportunities in the Meat, Poultry And Seafood Market
With the expected increase in demand for meat in emerging countries such as China and India owing to rapid growth in disposable income, growing acceptance of meat-based diet in India and changing consumer preferences, the scope and potential for the global meat, poultry and seafood market is expected to significantly rise in the forecast period.
