Global Meat, Poultry, and Seafood Market Surge Continues
Meat, Poultry And Seafood Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
The Business Research Company’s Meat, Poultry And Seafood Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
LONDON, GREATER LONDON, UK, December 6, 2023 /EINPresswire.com/ -- The global meat, poultry, and seafood market size experienced robust growth, increasing from $1,505.1 billion in 2022 to $1,617.36 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. Projections indicate a continued upward trajectory, with the market poised to achieve $2069.85 billion by 2027, maintaining a strong CAGR of 6.4%.
Population Growth and Demand
With the world's population expected to reach 10 billion by 2050, there is a growing demand for food. "The Agricultural Outlook" by the OECD and FAO projects a 13% increase in global cereal production by 2027. To meet this rising demand, companies in the meat, poultry, and seafood market are positioned to benefit from increased consumption during the forecast period.
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Key Market Players
Major players influencing market dynamics include JBS S.A., Tyson Foods Inc., Marfrig Global Foods, WH Group Limited, NH Foods Ltd., Pilgrim's Pride Corporation, Danish Crown A/S, Hormel Foods Corp, Wm Morrison Supermarkets plc, and Vion Holding N.V.
Technological Advancements in Poultry Processing
In poultry processing, a significant technological shift involves the adoption of 3D imaging systems to optimize yields. Companies such as Gainco and Midwest Machine LLC pioneer this technology, utilizing sensors and actuators to precisely determine cut positions and maximize yield while minimizing per-unit processing costs.
Regional Dominance and Market Segmentation
Asia-Pacific emerged as the largest region in the meat, poultry, and seafood market share in 2022, with Western Europe securing the second-largest position. A comprehensive market analysis encompasses regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Market Segmentation Details
• By Type: Meat Products, Poultry, Seafood
• By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
• By Nature: Organic, Conventional
Subsegments Covered: Pork, Mutton, Beef, Other Meat Products, Chicken, Turkey, Ducks, Other Poultry, Crustaceans, Fish, Other Seafood
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Meat, Poultry And Seafood Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Meat, Poultry And Seafood Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on meat, poultry and seafood market size, meat, poultry and seafood market drivers and trends, meat, poultry and seafood market major players, meat, poultry and seafood market competitors' revenues, market positioning, and meat, poultry and seafood market growth across geographies. The meat, poultry and seafood market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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