Meat Products Market

Meat Products Market - Forthcoming Trends to Fuel the Global Growth

The meat products market, currently valued at USD 44.3 billion in 2023 and poised to achieve an 9.2% CAGR, reaching USD 68.9 billion by 2028, is experiencing transformative shifts and innovations. The global market for meat products is an ever-changing and varied segment within the food industry, comprising items such as beef, poultry, pork, lamb, and processed meats. In recent years, there has been a consistent rise in the demand for meat products, propelled by various factors, and this trend shows no signs of slowing down.

The meat products industry is undergoing rapid evolution, driven by emerging trends and global forecasts.

Emerging trends in the global Meat Products Market are:

  • Plant-based Meat Alternatives
  • Clean Meat
  • Health and Wellness
  • Traceability and Transparency
  • Alternative Protein Sources
  • Globalization and Fusion of Flavors
  • Convenience and Ready-to-eat Products
  • E-commerce and Direct-to-Consumer Sales

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Plant-based Meat Alternatives:

  • The rising popularity of plant-based diets and environmental concerns have fueled the growth of plant-based meat substitutes. Companies are innovating to create products that closely mimic the taste, texture, and nutritional profile of conventional meat.

Clean Meat:

  • Also known as lab-grown or cultured meat, this technology involves producing meat from animal cells in a laboratory setting, eliminating the need for animal husbandry. Clean meat offers a more sustainable and ethical alternative to traditional meat production.

Health and Wellness:

  • Consumer preferences are shifting towards healthier meat options. This includes demand for organic, grass-fed, hormone-free, and antibiotic-free meats. Companies are responding by offering meat products that cater to these preferences.

Traceability and Transparency:

  • With increasing concerns about food safety and origin, consumers are demanding more transparency in the meat supply chain. Technologies like blockchain are being used to provide consumers with detailed information about the journey of their meat products from farm to fork.

Alternative Protein Sources:

  • Insects, algae, and other unconventional protein sources are gaining attention as sustainable alternatives to conventional meat. These alternative proteins are not only environmentally friendly but also offer nutritional benefits.

Globalization and Fusion of Flavors:

  • As global travel and cultural exchange increase, consumers are becoming more adventurous with their food choices. This trend is driving demand for exotic meat products and fusion cuisine that blend different culinary traditions.

Convenience and Ready-to-eat Products:

  • Busy lifestyles are driving demand for convenient meat products that require minimal preparation. Ready-to-eat meals, pre-marinated meats, and precooked meat snacks are gaining popularity among consumers seeking convenience without compromising on taste.

E-commerce and Direct-to-Consumer Sales:

  • The proliferation of e-commerce platforms has transformed the way meat products are bought and sold. Direct-to-consumer sales channels allow meat producers to reach customers directly, bypassing traditional retail channels and offering greater convenience and customization.

Related Reports:

Meat Products Market by Animal (Beef, Pork, Poultry) Type (Processed, Frozen, Canned/Preserved, Chilled, Fresh), Distribution Channel (Retail, FoodService, E-Commerce), Nature, Packaging and Region - Global Forecast to 2028

Meat Products Market Size,  Share & Growth Report
Report Code
FB 8867
RI Published ON
5/7/2024
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