Dublin, June 05, 2023 (GLOBE NEWSWIRE) -- The "Meat, Poultry And Seafood Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global meat, poultry and seafood market grew from $1,505.1 billion in 2022 to $1,617.36 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The meat, poultry and seafood market is expected to grow to $2069.85 billion in 2027 at a CAGR of 6.4%.
The world's population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food. According to 'The Agricultural Outlook' by the OECD and FAO, global cereal production is projected to increase by 13% by 2027. Crop production, farming activities, and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for meat, poultry, and seafood products due to the rising population during the forecast period.
Poultry processing companies are increasingly using 3D imaging systems to optimise yields. 3D imaging systems model the poultry bird using sensors and actuators to determine the position of the cut. The bird is put under the vision system, which takes the images and measurements, and the geometry is determined. Near-infrared sensors determine the amount of meat and bone present in the bird. Vision analysis enables the system to perform optimal cuts for each bird regardless of its size and shape. It is a data-driven process that maximises the yield and minimises the per unit cost for poultry meat processing. Major companies involved in pioneering this technology include Gainco, a meat and poultry equipment manufacturer, and Midwest Machine LLC.
Asia-Pacific was the largest region in the meat, poultry and seafood market in 2022. Western Europe was the second-largest region in the meat, poultry and seafood market. The regions covered in the meat, poultry and seafood market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the meat, poultry and seafood market report are Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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Description:
Where is the largest and fastest growing market for meat, poultry and seafood? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The meat, poultry and seafood market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Type: Meat Products; Poultry; Seafood
2) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Other Distribution Channels
3) By Nature: Organic; Conventional
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 400 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $1617.36 billion |
| Forecasted Market Value (USD) by 2027 | $2069.85 billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Meat, Poultry And Seafood Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Meat, Poultry And Seafood Market Product Analysis
4.1. Leading Products/Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Meat, Poultry And Seafood Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Meat, Poultry And Seafood Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Meat, Poultry And Seafood Market Trends And Strategies
8. Meat, Poultry And Seafood Market - Macro Economic Scenario
8.1 COVID-19 Impact On Meat, Poultry And Seafood Market
8.2 Ukraine-Russia War Impact On Meat, Poultry And Seafood Market
8.3 Impact Of High Inflation On Meat, Poultry And Seafood Market
9. Meat, Poultry And Seafood Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Meat, Poultry And Seafood Market Regional Analysis
10.1. Global Meat, Poultry And Seafood Market, 2022, By Region, Value ($ Billion)
10.2. Global Meat, Poultry And Seafood Market, 2017-2022, 2022-2027F, 2032F, Historic And Forecast, By Region
10.3. Global Meat, Poultry And Seafood Market, Growth And Market Share Comparison, By Region
11. Meat, Poultry And Seafood Market Segmentation
11.1. Global Meat, Poultry And Seafood Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Meat Products
- Poultry
- Seafood
11.2. Global Meat, Poultry And Seafood Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Supermarkets/Hypermarkets
- Convenience Stores
- E-Commerce
- Other Distribution Channels
11.3. Global Meat, Poultry And Seafood Market, Segmentation By Nature, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Organic
- Conventional
12. Meat, Poultry And Seafood Market Segments
12.1. Global Meat Products Market, Segmentation By Type, 2017-2022, 2022-2027F, 2032F, Value ($ Billion) - Pork; Mutton; Beef; Other Meat Products
12.2. Global Poultry Market, Segmentation By Type, 2017-2022, 2022-2027F, 2032F, Value ($ Billion) - Chicken; Turkey; Ducks ; Other Poultry
12.3. Global Seafood Market, Segmentation By Type, 2017-2022, 2022-2027F, 2032F, Value ($ Billion) - Crustaceans; Fish; Other Seafood
13. Meat, Poultry And Seafood Market Metrics
13.1. Meat, Poultry And Seafood Market Size, Percentage Of GDP, 2017-2027, Global
13.2. Per Capita Average Meat, Poultry And Seafood Market Expenditure, 2017-2027, Global
A selection of companies mentioned in this report includes
- JBS S.A.
- Tyson Foods Inc
- Marfrig Global Foods
- WH Group Limited
- NH Foods Ltd.
- Pilgrim's Pride Corporation
- Danish Crown A/S
- Hormel Foods Corp
- Wm Morrison Supermarkets plc
- Vion Holding N.V.
For more information about this report visit https://www.researchandmarkets.com/r/w1vdwn
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