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Meat Products Market, Global Industry Size Forecast [Latest]

The global meat products market is projected to reach USD 68.9 billion by 2028 from the 2023 valuation of USD 44.3 billion, displaying a promising CAGR of 9.2%.

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Meat Products Market, Global Industry Size Forecast [Latest]

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  1. MeatProductsMarketworth$68.9billionby2028– Exclusive Report by MarketsandMarkets™ TheMeatProductsMarket,valuedatUSD44.3billionin2023,showcasesaremarkablegrowthprojection,anticipatedtoescalatetoUSD68.9billionby2028,indicatingarobustcompoundannualgrowthrate(CAGR)of9.2%from2023to2028accordingtoanewreport by MarketsandMarkets™. Theconsumptionofpoultrymeathasincreasedacrossnearlyallcountriesandregions.Consumersaredrawntopoultryforitsaffordability,productconsistency,adaptability,andhigherprotein/lowerfatcontent.Onapercapitabasis,thesubstantialgrowthratesinpoultryconsumptionunderscoreitssignificantcontributiontothenationaldietsofseveraldenselypopulateddevelopingcountries.ThesecountriesincludeChina,India,Indonesia,Malaysia,Pakistan,Peru(anticipatedtosurpasstheUnitedStatesasthesecond-largestpercapitaconsumer),thePhilippines,andVietnam. DownloadPDFBrochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=53140407 Browsein-depthTOCon"MeatProductsMarket” 308– Tables 70– Figures 300– Pages ThefoodservicesegmentinthemeatproductsmarketispoisedforremarkablegrowthwiththehighestCAGRintheupcomingforecastperiod. Marketingandmenupromotioninthecontextofrestaurantsinvolvestrategiceffortstoattractcustomers,createbrandawareness,anddrivesalesofspecificmenuitemsformeat-baseddishes.Theincreasingdemandformeatinrestaurantsisinfluencedbyacombinationoffactorssuchasculinaryinnovation,convenience,socialexperiences,andchangingconsumerpreferences.Therestaurantindustrycontinuestoadapttoevolvingtrends,contributingtothesustainedandgrowingpopularityofmeat-basedofferings.Variousfoodservicetypessuchasrestaurants,takeaways,catererscatertoadiverserangeofculinarypreferences,offeringvariousmeat-baseddishestosatisfydifferenttastesandculturalpreferences.Thisdiversityattractscustomersseekingabroadselectionofmeatoptions.Theconvenienceofdiningoutisasignificantfactorcontributingtothedemandformeatinrestaurants.Consumersoftenprefertheeaseofhavingprofessionallypreparedmeatdisheswithouttheneedforcookingathome. Thefrozensegmentwithinthemeatproductsmarketemergedasapivotalforcein2022,steeringthemarket'smomentum. Theincreasingpopularityoffrozenmeatinthemeatproductsmarketreflectsthechangingpreferencesandlifestyleneedsofconsumers.Inanerawherebusyschedulesarethenorm,consumersprioritizeconvenienceandtimeefficiency.Frozenmeatproducts,whichincludeavarietyofprocessedoptions,provideaquickanduncomplicatedmealsolutionthatrequiresminimalpreparation.Theflash-freezingmethodnotonlyensuresconveniencebutalsoextendstheshelflifeoftheproductswhilepreservingtheirnutritionalcontent.Thisalignswiththegrowingemphasisonfoodsafetyandquality,positioningfrozenmeatasareliablechoiceforconsumers.Additionally,theglobalizednatureofcuisineandthedesirefordiverseculinaryexperienceshaveledtoademandforabroaderrangeofmeats,ademandreadilymetbyfrozenoptions.Advancesinfreezingtechnologies,suchasIndividualQuickFreezing(IQF)andcryogenicfreezing,significantlycontributetoenhancingtheoverallqualityoffrozenmeatproducts.Theincreasingpreferenceforfrozenmeatisreshapingthedynamicsofthemeatproductsmarket,resultinginmarketexpansion,heightenedcompetition,andgreaterglobalmarketpenetration.Manufacturersandretailersareadaptingwithcreativityandstrategicmarketinginitiatives,shapingadynamicandcompetitivelandscapewithintheindustry.Asthemomentumofthefrozenmeatsegmentcontinues,itrevealspromisingopportunitiesforbothconsumersandindustrystakeholders,influencingthefuturetrajectoryofthemeatmarket. RequestSamplePages:https://www.marketsandmarkets.com/requestsampleNew.asp?id=53140407 TheUSispoisedtomaintainitsdominantpositionwithintheNorthAmericanmeatproductsmarketthroughouttheforecastperiod. In2022,theUnitedStatesexhibitedhigherpercapitaconsumptionandpercapitaexpenditureonmeatcomparedtoglobalandregionallevels.Thepredominantcategorywaschilledrawpackagedmeat-processed,followedbyfreshmeat(counter),chilledrawpackagedmeat– wholecuts,frozenmeat,cookedmeats– counter,cookedmeats– packaged,andambientmeat.AmongtheleadingcitiesintheUSmeatsector,freshmeat(counter)ledinvolumetermsin2020.MeatconsumptionwasnotablyhigheramongmalesthanfemalesintheUS.Hypermarkets&supermarketsemergedasthelargestdistributionchannelintheUSmeatsectorin2022,followedbyfood&drinksspecialistsandconveniencestores.

  2. RigidplasticsemergedasthemostutilizedpackagingmaterialintheUSmeatsector,withflexiblepackagingandrigidmetalfollowinginusage.RigidplasticsemergedasthemostutilizedpackagingmaterialintheUSmeatsector,withflexiblepackagingandrigidmetalfollowinginusage. Prominentindustryplayers,includingCargill(US),HormelFoodsCorporation(US),VerdeFarms(US),LopezFoods,Inc(US)wieldsubstantialinfluenceinthemeatproductsmarket.Theseentitiesboastrobustmanufacturingfacilitiesandwell-establisheddistributionnetworksacrosspivotalregionssuchasNorthAmerica,Europe,SouthAmerica,andtheAsiaPacific,ensuringawidespreadpresenceandaccessibilityoftheirproducts. Get10%FreeCustomizationonthisReport: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=53140407 BrowseAdjacentReports@FoodandBeverageMarketResearchReports&ConsultingRelatedReports: Plant-basedMeatMarketbySource(Soy,Wheat,Blends,Pea),Product(BurgerPatties,Strips&Nuggets,Sausages,Meatballs),Type(Beef,Chicken,Pork,Fish),DistributionChannel,StorageandRegion-GlobalForecastto2027 CulturedMeatMarketbySource(Poultry,Beef,Seafood,Pork,Duck),EndUse(Nuggets,Burgers,Meatballs,Sausages,HotDogs),andRegion(NorthAmerica,Europe,AsiaPacific,SouthAmerica,MiddleEast&Africa)-GlobalForecastto2034 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’sbestmanagementconsultingfirmsbyForbes,aspertheirrecentreport. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machineofferingtodrivesupernormalgrowthforprogressiveorganizationsintheB2Bspace.Wehavethewidestlensonemergingtechnologies,makingusproficientinco-creatingsupernormalgrowthforclients. Earlierthisyear,wemadeaformaltransformationintooneofAmerica'sbestmanagementconsultingfirmsasperasurveyconductedbyForbes. TheB2Beconomyiswitnessingtheemergenceof$25trillionofnewrevenuestreamsthataresubstitutingexistingrevenuestreamsinthisdecadealone.Weworkwithclientsongrowthprograms,helpingthemmonetizethis$25trillionopportunitythroughourservicelines-TAMExpansion,Go-to-Market(GTM)StrategytoExecution,MarketShareGain,AccountEnablement,andThoughtLeadershipMarketing. Builtonthe'GIVEGrowth'principle,weworkwithseveralForbesGlobal2000B2Bcompanies-helpingthemstayrelevantinadisruptiveecosystem.Ourinsightsandstrategiesaremoldedbyourindustryexperts,cutting-edgeAI-poweredMarketIntelligenceCloud,andyearsofresearch.The KnowledgeStore™ (our Market Intelligence Cloud) integratesourresearch,facilitatesananalysisofinterconnectionsthroughasetofapplications,helpingclientslookattheentireecosystemandunderstandtherevenueshiftshappeningintheirindustry. Tofindoutmore,visitwww.MarketsandMarkets™.com orfollowusonTwitter,LinkedInandFacebook. Contact: Mr.AashishMehraMarketsandMarkets™ INC. 630DundeeRoad Suite430 Northbrook,IL60062 USA:+1-888-600-6441 Email:sales@marketsandmarkets.com ResearchInsight:https://www.marketsandmarkets.com/ResearchInsight/meat-products-market.aspVisitOurWebsite:https://www.marketsandmarkets.com/ ContentSource:https://www.marketsandmarkets.com/PressReleases/meat-products.asp

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