Meticulous Research®, a leading global market research company, has released a new report titled “Meat Market by Product Type (Processed Meat, Fresh Meat), Animal Type (Cattle and Buffalo, Pig, Poultry, Sheep, and Goat), and Distribution Channel (Business to Consumer (B2C), Business to Business (B2B) - Global Forecast to 2029.”

According to the report, the global meat market is projected to reach $1,345.9 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2029. In terms of volume, the market is expected to reach 374.4 million tons CWE by 2029, with a CAGR of 1.1% over the same period. The market’s growth is primarily driven by the increasing demand for animal-based foods, protein-rich diets, and functional meat products. Additionally, the rising awareness of organic processed meat and gluten-free products is anticipated to create lucrative opportunities for market stakeholders. However, concerns over the carcinogenic effects of processed meat and the growing popularity of meat alternatives may limit growth to some extent.

The report provides a detailed analysis of the global meat market, offering historical data (2020 and 2021), estimated figures for 2022, and forecasts up to 2029. It examines the market by animal type (cattle and buffalo, pig, poultry, sheep and goat, and others), product type (processed meat—frozen, chilled, and canned—and fresh meat), and distribution channel (B2C and B2B). The study also evaluates key industry players and provides a regional and country-level market analysis.

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Segment Analysis:
• Animal Type: The cattle and buffalo segment is expected to hold the largest market share in 2022, driven by the high demand for beef, which is rich in protein compared to other meats. The increasing preference for beef over other meats, due to concerns about diseases associated with poultry and pork, is expected to further boost this segment’s growth.

• Product Type: Processed meat is anticipated to dominate the market in 2022, thanks to its convenience, long shelf life, and growing demand for ready-to-cook products, particularly among urbanized, higher-income consumers.

• Distribution Channel: The B2C segment is projected to lead the market in 2022, driven by the expansion of supermarkets and hypermarkets, consumer preference for physical stores, and the increasing use of e-commerce platforms for essential goods.

Geographic Insights:
The report also covers key regions, including North America (U.S., Canada), Europe (Germany, France, Italy, U.K., Spain, and RoE), Asia-Pacific (China, Japan, India, Australia, and RoAPAC), Latin America (Brazil, Mexico, Argentina, and RoLATAM), and the Middle East & Africa.

In 2022, Asia-Pacific is expected to account for the largest market share, fueled by rising awareness of protein-rich diets, technological advancements, product innovations, and the growing demand for meat products in rapidly developing countries like China and India. The region’s rapid urbanization, increasing income levels, and changing consumer lifestyles are also contributing to the demand for convenient ready-to-cook meat products.

Quick Buy – Meat Market – Global Opportunity Analysis and Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/47325110

Key Market Players:
The report highlights the competitive landscape and strategic developments of major industry players over the past 4-5 years. Key companies profiled include Cargill Incorporated (U.S.), Tyson Foods, Inc. (U.S.), JBS S.A. (Brazil), Hormel Foods Corporation (U.S.), American Foods Group, LLC (U.S.), Koch Foods, Inc. (U.S.), Smithfield Foods, Inc. (U.S.), National Beef Packing Company, LLC (U.S.), Perdue Farms Inc. (U.S.), and Allanasons Private Limited (India), among others.

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