NEW
YORK, June 10, 2024 /PRNewswire/ -- The global
duck meat market size is estimated to grow by USD 1.85 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
2.9% during the forecast period. Increasing global
production of duck meat is driving market growth, with a
trend towards development of cultivated meat.
However, increasing popularity of vegan diet poses a
challenge. Key market players include AJC International Inc., AMI
LLC sp.k, Cargill Inc., Charoen Pokphand Foods PCL,
Cooperativacentralaurora, Culver Duck Farms, Gressingham Foods,
Grimaud Farms, Joe Jurgielewicz and
Son Ltd., Kuhne Heitz Holland B.V., Luv a Duck Pty Ltd., Maple Leaf
Farms Inc., New Hope Liuhe Co. Ltd., Orvia, PANNDDU POULTRY FARMS
AND HATCHERIES, Pepes Ducks Ltd., Surabhi Meat Traders, Upside
Foods Inc., Westminster Meat Market Ltd., and YESRAJ AGRO EXPORTS
PVT. LTD..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Distribution Channel
(Offline and Online), Product (Fresh duck meat and Processed duck
meat), and Geography (APAC, Europe, Middle East and Africa, North
America, and South America)
|
Region
Covered
|
APAC, Europe, Middle
East and Africa, North America, and South America
|
Key companies
profiled
|
AJC International Inc.,
AMI LLC sp.k, Cargill Inc., Charoen Pokphand Foods PCL,
Cooperativacentralaurora, Culver Duck Farms, Gressingham Foods,
Grimaud Farms, Joe Jurgielewicz and Son Ltd., Kuhne Heitz Holland
B.V., Luv a Duck Pty Ltd., Maple Leaf Farms Inc., New Hope Liuhe
Co. Ltd., Orvia, PANNDDU POULTRY FARMS AND HATCHERIES, Pepes Ducks
Ltd., Surabhi Meat Traders, Upside Foods Inc., Westminster Meat
Market Ltd., and YESRAJ AGRO EXPORTS PVT. LTD.
|
Key Market Trends Fueling Growth
The global duck meat market is experiencing significant growth
due to advancements in cellular agriculture. Companies like Upside
Foods, which raised USD400 million in
April 2022, are leading this trend by
producing cultured meat from multiple species, including duck. This
eco-friendly process, which does not require animal slaughter, is
expensive but has the potential to decrease animal meat consumption
and tackle climate change. These developments are expected to
positively impact the duck meat market during the forecast
period.
The duck meat market is currently experiencing significant
growth, with increasing demand for this protein source in various
sectors. Consumers prefer duck meat for its rich taste and
nutritional value. The production process involves raising ducks,
feeding them properly, and processing the meat. Ducks are often
raised in clusters, based in both rural and urban areas. The market
includes various types of duck meat, such as whole duck, breasts,
and legs. Exports to countries like China, the Middle
East, and Europe are also
on the rise. The market is expected to continue growing due to its
versatility in various cuisines and the increasing health
consciousness among consumers.
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Market Challenges
- The global duck meat market is expected to face significant
challenges due to the increasing adoption of vegan diets. With a
300% increase in vegan population over the last decade, the demand
for animal-based products, including duck meat, is decreasing.
Vegan diets offer numerous health benefits such as fiber-rich,
antioxidant-loaded, and high in plant-based proteins.
- These diets aid in weight loss, improve kidney function, lower
blood sugar levels, and reduce the risk of heart disease. The trend
of veganism is particularly popular among millennials in countries
like Canada, the US, the UK, and
others. This shift towards plant-based diets is anticipated to
negatively impact the growth of the global duck meat market.
- The duck meat market faces several challenges in the production
and supply chain. Duplicates, such as duplicate deliveries and
duplicate orders, are a significant issue. Breaches, including data
breaches and security breaches, also pose a threat to the industry.
The lack of consistency in the supply of high-quality duck meat is
another challenge. Procurement processes need improvement to ensure
a steady supply of duck meat.
- The use of technology, such as Pekin ducks and automated
processes, can help address these challenges. However, the cost of
implementing these technologies can be a barrier for some players
in the market. Additionally, regulations and certifications, such
as those from the USDA and FSIS, add complexity to the market.
Overall, the duck meat market requires a strategic approach to
address these challenges and ensure the delivery of high-quality,
consistent, and secure products to consumers.
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challenges - Download a Sample Report
Segment Overview
- Distribution Channel
- Product
- 2.1 Fresh duck meat
- 2.2 Processed duck meat
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 Middle East and
Africa
- 3.4 North America
- 3.5 South America
1.1 Offline- The offline distribution channel
segment of the global duck meat market generates revenue through
sales in hypermarkets, supermarkets, clubhouse stores, department
stores, and independent retailers. In 2022, hypermarkets and
supermarkets accounted for the largest share due to their
competitive pricing and wide variety of brands and SKUs. Department
stores, as one-stop shopping solutions, also contribute
significantly. The increasing number of these retail formats
worldwide is expected to boost offline sales during the forecast
period. Independent retailers, with their growing numbers, are also
expected to drive market growth.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Duck Meat Market encompasses various types of duck meat,
including those from lab-grown and cellular agriculture. Molecular
agriculture plays a significant role in producing nutrient-dense
duck meat, ensuring adequate levels of essential nutrients such as
Niacin, Iron, Zinc, Phosphorus, Riboflavin, Vitamin B-6, Thiamine,
Vitamin B-12, Folate, and Magnesium. Duck meat is widely consumed
in the foodservice sector, with popular choices being chicken
breasts and Pekin or Muscovy duck.
Processed duck meat, such as duck skin, is also in demand. Meat
processors are continually innovating to meet consumer preferences,
including those following a vegan diet. The market for duck meat is
driven by increasing meat consumption and the growing popularity of
nutrient-rich, alternative protein sources like cultured meat.
Waterfowl, including farmed and wild ducks, are the primary sources
for this market.
Market Research Overview
The Duck Meat Market encompasses the production, procurement,
and distribution of duck meat globally. This market caters to
various consumer preferences, with a focus on high-quality and
sustainable farming practices. The demand for duck meat is driven
by its rich taste and nutritional value, which includes high
protein and essential minerals. The market is segmented based on
types, such as Muscovy and Pekin ducks, and geographical
regions.
Producers and suppliers employ modern techniques like intensive
farming and free-range methods to meet the growing demand.
Consumers prefer processed duck meat products like ham, sausages,
and jerky, which offer convenience and versatility in cooking. The
market faces challenges like disease outbreaks and stringent
regulations, necessitating continuous innovation and adaptation.
Overall, the Duck Meat Market is a dynamic and evolving industry
that caters to diverse consumer needs and preferences.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Distribution Channel
-
- Product
-
- Fresh Duck Meat
- Processed Duck Meat
- Geography
-
- APAC
- Europe
- Middle East And Africa
- North America
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio