NEW
YORK, July 18, 2024 /PRNewswire/ -- The global
pork meat market size is estimated to grow by USD 220.27 million from 2024-2028, according
to Technavio. The market is estimated to grow at a CAGR of
almost 8.37% during the forecast period. Increasing
demand for grass-fed and organic pork is driving market
growth, with a trend towards new pork processing
technology. However, stringent regulations for processed meat
manufacturing poses a challenge. Key market players include
Bridgford Foods Corp., Charoen Pokphand Foods PCL, China Yurun Food
Group Ltd., Conagra Brands Inc., Cooperl, Cranswick Plc, Danish
Crown AS, Dawn Pork and Bacon, Gordon Food Service Inc., Hormel
Foods Corp., Iowa Select Farms, JBS SA, New Hope Liuhe Co. Ltd.,
The Maschhoffs LLC, Toennies Group, Triumph Foods LLC, Tyson Foods
Inc., Vion Holding NV, WH Group Ltd., and VALL COMPANYS GROUP.
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Pork Meat Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
8.37%
|
Market growth
2024-2028
|
USD 220.27
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
7.63
|
Regional
analysis
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 49%
|
Key
countries
|
US, China, Germany,
Russia, and Brazil
|
Key companies
profiled
|
Bridgford Foods Corp.,
Charoen Pokphand Foods PCL, China Yurun Food Group Ltd., Conagra
Brands Inc., Cooperl, Cranswick Plc, Danish Crown AS, Dawn Pork and
Bacon, Gordon Food Service Inc., Hormel Foods Corp., Iowa Select
Farms, JBS SA, New Hope Liuhe Co. Ltd., The Maschhoffs LLC,
Toennies Group, Triumph Foods LLC, Tyson Foods Inc., Vion Holding
NV, WH Group Ltd., and VALL COMPANYS GROUP
|
Market Driver
The global pork meat market is experiencing growth due to the
adoption of advanced technologies by key players. For instance,
Memphis Meats, a food startup, uses stem-cell technology to produce
pork meat in labs, reducing the need for animal slaughter. The
Danish Meat Research Institute employs robots to create precise
pork loin cuts, ensuring top-quality products. JBS SA's Scott
Technology portfolio develops automated meat processing bots for
various meats, including pork. These innovations are expected to
enhance product quality and decrease animal usage, driving market
growth.
The pork meat market is thriving, with strong demand from both
household and commercial consumers. Swine meat, also known as pork,
is a popular source of animal protein. Its nutritional value makes
it a staple in many diets, providing essential vitamins like B,
Thiamin, and Selenium. Frozen and chilled pork meat are popular
choices for quick-service restaurants and food service
establishments, including cafes, franchises, and tourism industry.
Consumers prioritize the satiety and flavor of pork, making it a
go-to option for fitness enthusiasts and sports athletes on
high-protein, low-fat diets. However, concerns over fats and animal
cruelty have led some to opt for plant-based products. Strict laws
ensure the ethical treatment of domestic pigs, and the market
offers a range of dry-aged pork products for those seeking
tenderness and rich flavor. The market continues to evolve, with
growing demand for packaged pork meat and vegan
alternatives.
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Market Challenges
- The global pork meat market is subject to stringent regulations
issued by various government authorities, which may hinder its
growth during the forecast period. In the US, the Food and Drug
Administration (FDA) and state inspection programs oversee meat
processing and production. In Europe, the European Food Safety Authority and
the Council of the European Union establish regulations for red and
processed meat production. These bodies ensure food safety through
certification and supervision of food safety. In the US, meat
processed within a state can only be consumed there, while
interstate sales require federal compliance. Regulatory bodies are
responsible for meat safety, animal health, and proper labeling.
Any deviation from regulations can lead to product recalls and
damage to a company's brand image. European regulations, such as
the Council Directive 2002/99/EC, govern meat production,
processing, distribution, and introduction into the food supply.
Institutional testing for Listeria on contact surfaces is crucial
to prevent outbreaks. Adhering to these regulations is challenging
for processed meat manufacturers, potentially limiting market
growth and revenue during the forecast period.
- The pork meat market faces several challenges in today's
health-conscious world. Protein content and vitamins are key
selling points, but satiety and fitness enthusiasts prefer low-fat,
high-protein diets. Sports athletes also seek lean pork options.
Food service restaurants, cafes, and franchise outlets demand
consistent flavor and tenderness. Tourism and hospitality
industries use chilled or frozen pork meat for various dishes.
Plant-based products pose competition, but dry-aged pork products
offer unique flavors. Animal Equality and Organic food trends
impact farming practices. Pork meat market includes bacon, hams,
sausages, pig meat, red meat, and various processed items like
packaged hog meat, beverages, and packaged food. Retail channels
like convenience stores, forecourt retailers, grocery stores, and
internet retailing cater to diverse consumer needs. Packaging
solutions like vacuum packaging, shrink bags, and store wrap ensure
freshness and shelf life. Regulations regarding sweeteners,
additives, and labeling also impact the market. Overall, the pork
meat market requires continuous innovation to meet evolving
consumer demands while maintaining animal welfare, health, and
environmental sustainability.
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Segment Overview
This pork meat market report extensively covers market
segmentation by
- Product
- 1.1 Fresh pork meat
- 1.2 Processed pork meat
- Distribution Channel
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Fresh pork meat- The chilled and frozen
segment is a crucial part of the global pork meat market, enabling
the storage and distribution of pig products to various locations,
regardless of their distance from the source of production. Chilled
pork is stored at temperatures between 0 and 4 degrees Celsius,
while frozen pork is kept at temperatures below -18 degrees
Celsius. This preservation method inhibits the growth of bacteria
and microbes, ensuring the safety and quality of pork meat. Chilled
and frozen storage extends the shelf life of pork meat, reducing
wastage and enabling global trade. Canned processed pork products,
such as canned pate, luncheon meat, sausages, and ham, offer
extended shelf life and convenience. Their popularity is driven by
the demand for processed and convenience foods, changing dietary
tastes, and growing disposable incomes. The fresh processed segment
caters to consumers seeking natural, less processed meat options.
Fresh pork cuts, such as chops and tenderloins, are sold chilled
and require minimal preparation. The growth of this segment is
fueled by health and wellness trends, a preference for natural and
organic options, and food safety concerns. Key players in the
global pork meat market include WH Group Limited, JBS SA, Tulip
Ltd., Tyson Foods Inc., and Hormel Foods Corporation, who offer a
range of fresh, canned, and processed pork products to meet diverse
consumer preferences. The global pork meat market is expected to
grow steadily during the forecast period due to increasing demand,
urbanization, and advancements in cold storage and transportation
technologies.
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The global Shark Meat Market is experiencing steady growth due
to increasing demand in gourmet cuisine and traditional dishes. In
contrast, the global Duck Meat Market is expanding rapidly, driven
by rising consumer preference for flavorful and versatile poultry
options. Meanwhile, the global Plant-based Meat Market is booming,
propelled by a shift towards sustainable and health-conscious
eating habits. Key players in these markets are focusing on
innovative product offerings and expanding their geographical reach
to meet diverse consumer demands and capitalize on emerging
trends.
Research Analysis
Pork meat, derived from the domestic pig, is a rich source of
protein, essential nutrients, and vitamins. With a nutritional
value similar to that of red meat, pork provides a satisfying and
filling meal for consumers. Pork's high protein content makes it a
popular choice among fitness enthusiasts and sports athletes for
muscle building and weight gain. The meat's nutritional benefits
extend beyond protein, as it is also rich in selenium, vitamin B,
thiamin, and other essential nutrients. Pork meat is versatile and
can be found in various forms, including packaged hog meat,
beverages, and cafe menus. Franchise outlets, fast-food outlets,
tourism destinations, and retail channels such as convenience
stores and forecourt retailers all offer pork meat products.
Plant-based alternatives have gained popularity in recent years,
but pork remains a staple in many diets due to its nutritional
benefits and satisfying taste. Pork's versatility and nutritional
value make it a popular choice for consumers seeking to maintain a
healthy and active lifestyle. Whether enjoyed in a sit-down cafe or
on-the-go from a convenience store, pork meat provides a quick and
convenient source of protein and essential nutrients. Whether
you're looking to fuel your body for a workout or simply enjoy a
delicious meal, pork meat is an excellent choice.
Market Research Overview
The Pork Meat Market encompasses a wide range of products
derived from swine, including pig meat, bacon, hams, sausages, and
various processed items. Pork meat is a rich source of animal
protein, essential vitamins, and minerals, making it a popular
choice for fitness enthusiasts and sports athletes. Its high
satiety value makes it an ideal food for those following low-fat,
high-protein diets. Food service restaurants, cafes, franchise
outlets, tourism industries, and even fast-food outlets are
significant consumers of pork meat. The market offers various
packaging solutions, such as vacuum packaging, shrink bags, and
store wrap, to ensure the freshness and longevity of the meat. The
market caters to diverse consumer preferences, including organic,
free-range, and plant-based alternatives. The nutritional value of
pork meat, including its protein content, vitamins like Selenium,
Vitamin B, Thiamin, and essential fats, makes it a staple in many
diets. However, concerns over animal cruelty, environmental impact,
and the rise of veganism have led to stringent laws and regulations
in the industry. The market also offers a range of chilled and
frozen meat options, catering to both household and commercial
consumers. Beverages, sweeteners, and various retail channels,
including convenience stores, forecourt retailers, grocery stores,
internet retailing, and food and beverage outlets, also contribute
to the market's growth. Overall, the Pork 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
- Product
-
- Fresh Pork Meat
- Processed Pork Meat
- Distribution Channel
-
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
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
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market opportunities and develop effective strategies to optimize
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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
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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