Market Overview

The global Meat Market was valued at USD 1.43 Trillion in 2024 and is forecasted to reach USD 1.71 Trillion by 2033, growing at a CAGR of 1.91% during the period 2025-2033. This growth is driven by factors such as changing dietary preferences, advancements in meat processing technologies, globalization, effective marketing, innovations in packaging, and health trends favoring leaner meats, alongside the rise of online retail and improved cold chain logistics.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Meat Market Key Takeaways

• The global meat market was valued at USD 1.43 Trillion in 2024.
• The market is projected to grow at a CAGR of 1.91% from 2025 to 2033.
• Asia Pacific leads the market with a 57.8% share in 2024.
• The US market sees growing demand for alternative meat options, including plant-based and lab-grown meats.
• Supermarkets and hypermarkets dominate distribution channels with around 60% market share in 2024.
• Key global players are heavily investing in meat processing technologies and sustainability.

Sample Request Link: https://www.imarcgroup.com/meat-market/requestsample

Market Growth Factors

The demand for protein-rich diets globally drives the meat market. Population growth, along with rising incomes in developing nations, inclines consumers to consume more protein-rich foods, such as meat, in their diets. Urbanization leads to a demand for convenience proteins. Poultry, beef, and seafood consumption has been driven by a growing middle class in Asia Pacific, Latin America and Middle East, as well as season and cultural occasions associated with meat products.

In meat processing, the use of automation in processing plants and technologies such as vacuum or modified atmosphere packaging, to increase shelf-life, freshness and reduce waste have contributed to market growth. The Danish Meat Research Institute has documented the substantial savings to the economy from improvements to slaughtering and other technologies.

Health consciousness and ethics are causing shifts as well, as evidenced in the US market with consumer demand for plant-based and lab-grown alternatives, as well as leaner, organic, non-antibiotic, and grass-fed products. Its growing popularity has been helped by practices such as transparency in food sourcing, traceability, product certification, and convenience-improving services like online shopping and meal delivery.

Market Segmentation

By Type:

• Raw: Consumers increasingly prefer fresh, unprocessed meat perceived as healthier and more natural, supported by improved cold chain logistics storing and transporting fresh meat safely. The trend of home cooking and diets like raw diets among fitness enthusiasts boosts demand.
• Processed: Not provided in source.

By Product:

• Chicken: Leading with approximately 35% market share in 2024, driven by affordability, versatility, low fat content, and growing demand from quick-service restaurants and online grocery expansion.
• Beef: Not provided in source.
• Pork: Not provided in source.
• Mutton: Not provided in source.
• Others: Not provided in source.

By Distribution Channel:

• Supermarkets and Hypermarkets: Holding around 60% market share in 2024, fueled by consumer demand for convenience, one-stop shopping, private label growth, technological enhancements, supply chain efficiencies, and integrated online-offline retailing.
• Departmental Stores: Not provided in source.
• Specialty Stores: Not provided in source.
• Online Stores: Not provided in source.
• Others: Not provided in source.

Regional Insights

Asia Pacific dominates the meat market with a 57.8% share in 2024. The regional market benefits from rapid urbanization, rising incomes, growing middle class in China and India, and strong cultural preferences for meat. Advances in meat processing technologies and cold chain logistics enhance supply efficiency and quality. Government policies, online retail growth, and international trade agreements further support market expansion.

Recent Developments & News

In November 2024, BRF Global finalized a deal to acquire a food processing plant in China's Henan province for USD 43 million, aiming to double its capacity by Q1 2025. In October 2024, Sysco GB acquired Scotland-based Campbell’s Prime Meat, expanding its UK presence. That same month, Minerva Foods completed a USD 1.53 billion acquisition from Marfrig, expanding slaughter capacity significantly in Brazil. In September 2024, Clemens Food Group acquired Kunzler & Co. Inc. to increase processing facilities in Pennsylvania. August 2024 saw Cargill acquiring two US meat plants to strengthen its retail partnerships.

Key Players

• BRF Global
• Cargill, Incorporated
• Clemens Food Group
• Conagra Brands Inc.
• Hormel Foods Corporation
• JBS S.A.
• Minerva Foods SA
• NH Foods Ltd.
• OSI Group
• Sysco Corporation
• Tyson Foods, Inc.
• Vion Group
• WH Group Limited

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Request For Customization: https://www.imarcgroup.com/request?type=report&id=4822&flag=E

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA,

Email: sales@imarcgroup.com,

Tel No: (D) +91 120 433 0800,

United States: +1-201971-6302