Global Edible Meat Market Size to Exceed USD 1.43 Trillion by 2033 | CAGR of 1.52%

Global Edible Meat Market Size to Exceed USD 1.43 Trillion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Edible Meat Market is Expected to Grow from USD 1.23 Trillion in 2023 to USD 1.43 Trillion by 2033, at a CAGR of 1.52% during the forecast period 2023-2033.

Browse key industry insights spread across 255 pages with 110 Market data tables and figures & charts from the report on the "Global Edible Meat Market Size, Share, and COVID-19 Impact Analysis, By Type (Beef, Mutton, Pork, Poultry), By Form (Canned, Fresh, Chilled/Frozen, Processed), By Distribution Channel (Off-Trade, On-Trade), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/edible-meat-market           

The edible meat market is the worldwide industry engaged in the production, processing, and distribution of meat products fit for human consumption. This encompasses different kinds of meat, including beef, pork, poultry, and lamb, as well as processed meat products such as sausages, bacon, and deli meats. Moreover, meat is a part of many cultures, and eating habits are frequently embedded in tradition. In areas where meat is a key component of the diet, the demand continues to be high, hence driving the edible meat market. Advances in new technologies of meat production, including lab-grown meat or plant-based meat substitutes, are shaping the market. The technologies are serving to address the increasing demand for sustainable and ethical meat production, as well as providing new products to consumers. However, diseases such as avian flu, swine flu, or BSE (mad cow disease) can impact the supply of meat significantly and cause public health issues, recalls, and trade bans. This can result in market instability and decreased consumer confidence.

The poultry segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the type, the edible meat market is divided into beef, mutton, pork, and poultry. Among these, the poultry segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth attributed to chicken and other poultry items tend to be perceived as healthier with less fat content and more protein content than red meats such as beef or pork. With increasing health awareness among consumers, poultry continues to be a favorite.

The fresh segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the form, the edible meat market is divided into canned, fresh, chilled/frozen, and processed. Among these, the fresh segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is due to fresh meat is usually thought to be of better quality, taste, and texture than frozen, processed, or canned meat. Consumers tend to link fresh meat with superior quality and higher nutrition and thus prefer fresh cuts over other types of meat.

The off-trade segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the distribution channel, the edible meat market is divided into off-trade and on-trade. Among these, the off-trade segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is driven by the off-trade segment provides a broad range of meat products, such as fresh, frozen, processed, and packaged products. The diversity appeals to various consumer requirements, whether for daily meals, special occasions, or bulk purchases. Moreover, consumers can choose meat cuts and brands based on their needs, further expanding the market share of the off-trade channel.

North America is expected to hold the majority share of the global edible meat market during the forecast period.

North America is expected to hold the majority share of the global edible meat market during the forecast period. The United States and Canada have the largest market share of edible meat, mainly because of the large per capita consumption of meat, especially beef, poultry, and pork. Meat is a central part of the diet in the U.S., and the nation also has the largest production of meat, so it is a major player in the world market.

Asia Pacific is anticipated to grow at the fastest pace in the global edible meat market during the forecast period. China, India, and Southeast Asia are leading the most rapid growth in the edible meat market. The growing middle class, urbanization, and growing disposable income in these countries are driving increased meat consumption.

Major vendors in the global edible meat market are Hormel Foods, Cargill, Smithfield Foods, Sanderson Farms, Pilgrim's Pride, JBS S.A., Moy Park, Cloverdale Foods, Maple Leaf Foods, BRF S.A., Tyson Foods, Danone, Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In March 2024, At Expo West, Vermont Smoke & Cure introduced four new meat snack products: Hickory Smoked Premium Beef Sticks, Oven Roasted Seasoned Turkey Sticks, Hickory Smoked Hot & Spicy Turkey Sticks, and a Customer Favorites Variety Pack. The products include meat that contains no antibiotics, added hormones, or artificial ingredients.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the edible meat market based on the below-mentioned segments:

Global Edible Meat Market, By Type

• Beef
• Mutton
• Pork
• Poultry

Global Edible Meat Market, By Form

• Canned
• Fresh
• Chilled/Frozen
• Processed

Global Edible Meat Market, By Distribution Channel

• Off-Trade
• On-Trade

 Global Edible Meat Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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