Dublin, April 21, 2023 (GLOBE NEWSWIRE) -- The "Meat, Poultry and Seafood Global Market Opportunities and Strategies to 2031" report has been added to ResearchAndMarkets.com's offering.
This reportprovides strategists; marketers and senior management with the critical information they need to assess the global meat, poultry and seafood market as it emerges from the COVID 19 shut down.
The global meat, poultry, and seafood market reached a value of nearly $1,374.30 billion in 2021, having increased at a compound annual growth rate (CAGR) of 3.0% since 2016. The market is expected to grow from $1,374.30 billion in 2021 to $1,845.78 billion in 2026 at a rate of 6.1%. The market is then expected to grow at a CAGR of 4.7% from 2026 and reach $2,324.43 million in 2031.
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Growth in the historic period resulted from increasing rise in disposable income, increased popularity of seafood products, low interest rates, and emerging markets growth. Factors that negatively affected growth in the historic period were covid-19 impact, expensive production and rising costs of feed, and stringent political restraints.
Going forward increased awareness about the health benefits, increasing population, and increased demand for quality and sustainability. Factors that could hinder the growth of the meat, poultry, and seafood market in the future include climate change and global warming, awareness of animal cruelty, and Russia Ukraine war.
The meat, poultry, and seafood market are segmented by type into meat, poultry, and seafood. The meat products market was the largest segment of the meat, poultry, and seafood market by type, accounting for 60.04% of the total market in 2021. The poultry market is expected to be the fastest-growing segment in meat, poultry, and seafood market by type, going forward at a CAGR of 6.4% during 2021-2026 period.
The meat products market is further segmented by type of product into pork, mutton, beef, and other meat products. The mutton market was the largest segment of the coffee market segmented by type, accounting for 25.2% of the total in 2021. Going forward, the beef market is expected to be the fastest growing segment in the coffee market segmented by type, at a CAGR of 6.3% during 2021-2026.
The poultry market is further segmented by type of product into chicken, turkey, ducks, and other poultry. The chicken market was the largest segment of the tea market segmented by type, accounting for 89.5% of the total in 2021. Going forward, the turkey market is expected to be the fastest growing segment in the tea market segmented by type, at a CAGR of 8.4% during 2021-2026.
The seafood market is further segmented by type of product into crustaceans, fish, and other seafood. The fish market was the largest segment of the tea market segmented by type, accounting for 52.9% of the total in 2021. Going forward, the crustacean's market is expected to be the fastest growing segment in the tea market segmented by type, at a CAGR of 7.5% during 2021-2026.
The meat, poultry, and seafood market are segmented by distribution channel into supermarkets/hypermarkets, convenience stores, e-commerce, and other distribution channel. The other distribution channel market was the largest segment of the meat, poultry, and seafood market by distribution channel accounting for 34.1% of the total market in 2021. The e-commerce market is expected to be the fastest-growing segment in meat, poultry, and seafood market by distribution channel, going forward at a CAGR of 14.4% during 2021-2026 period.
The meat, poultry, and seafood market are segmented by nature into organic, and conventional. The oligonucleotides market was the largest segment of the meat, poultry, and seafood market by nature, accounting for 38.5% of the total market in 2021. The organic segment is expected to be the fastest-growing segment in meat, poultry, and seafood market segmented by nature, going forward at a CAGR of 10.0% during 2021-2026 period.
Asia Pacific was the largest region in the meat, poultry, and seafood market, accounting for 43.3% the global market in 2021. It was followed by Western Europe, North America, and the other regions. Going forward, the fastest growing regions in the meat, poultry, and seafood market will be Western Europe and, North America where growth will be at CAGRs of 23.2% and 20.05% respectively from 2021-2026.
The global meat, poultry, and seafood market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 24.86% of the total market in 2021. The Thermo Fisher Scientific Inc. was the largest competitor with 7.71% share of the market, followed by Danaher Corporation with 5.17%, Eurofins Scientific with 3.91%, Merck KGaA with 2.62%, Novozymes AS with 1.61%, Agilent Technologies Inc with 1.28%, New England Biolabs Inc with 0.94%, Precigen Inc with 0.72%, Amyris Inc with 0.52%, and GenScript Biotech Corporation with 0.38%.
To take advantage of the opportunities, the publisher recommends the meat, poultry and seafood companies to launch new products, increase focus on ready-to-eat meals, focus on plant-based meat products, integrate robotics and automation in poultry meat processing, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, focus on premium pricing, participate in trade shows and events, target millennials, increase focus on online consumers.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 344 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value (USD) in 2021 | $1374.3 Million |
| Forecasted Market Value (USD) by 2031 | $2324.43 Million |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction and Market Characteristics
6.1.General Market Definition
6.2.Summary
6.3.Meat, Poultry And Seafood Market Definition and Segmentations
6.4.Market Segmentation by Type
6.4.1.Meat Products
6.4.2.Poultry
6.4.3.Seafood
6.5.Market Segmentation by Distribution Channel
6.5.1.Supermarkets/Hypermarkets
6.5.2.Convenience Stores
6.5.3.E-commerce
6.5.4.Other Distribution Channel
6.6.Market Segmentation by Nature
6.6.1.Organic
6.6.2.Conventional
7. Product/Service Analysis -Product/Service Examples
8. Meat, Poultry And Seafood Market Supply Chain Analysis
8.1.Raw Material Suppliers
8.2.Manufacturers
8.3.Wholesalers/Distributors
8.4.Retailers
8.5.End-Users
9. Meat, Poultry And Seafood Market Customer Information
9.1.Consumer Perception and Consumption Towards Seafood
9.2.Consumer Preference Between Farmed Seafood And Wild Seafood
9.3.Swiss Consumers Prefer Locally Sourced Poultry
9.4.Red Meat Consumption In The U.S.
9.5.The U.S. Poultry Exports Is Expected To Increase
9.6.US Consumers Cut Down Meat Consumption Due to Health Concerns
9.7.Consumer Awareness For Slow Growth Broiler
10. Major Market Trends
10.1.New Product Launches
10.2.Ready-To-Eat Meals
10.3.Increased Preference For Poultry In Asia
10.4.Use Of Big Data And Predictive Analytics
10.5.Rise in Plant-Based Meat Products
10.6.Cultured Meat
10.7.Robotics And Automation In Poultry Meat Processing
10.8.Use of 3D Imaging Systems
10.9.Online Delivery Of Meat
10.10.Use of Virtual reality (VR) In Production
11. Global Meat, Poultry And Seafood Market Size And Growth
11.1.Market Size
11.2.Historic Market Growth, 2016 - 2021, Value ($ Billion)
11.2.1.Market Drivers 2016 - 2021
11.2.2.Restraints On The Market 2016- 2021
11.3.Forecast Market Growth, 2021 - 2026, 2031F Value ($ Billion)
11.3.1.Market Drivers 2021 - 2026
11.3.2.Restraints On The Market 2021 - 2026
12. Meat, Poultry And Seafood Market, Regional Analysis
12.1.Global Meat, Poultry And Seafood Market, By Region, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Billion)
12.2.Global Meat, Poultry And Seafood Market, 2016 - 2026, Historic And Forecast, By Region
12.3.Global Meat, Poultry And Seafood Market, 2021 - 2026, Growth And Market Share Comparison, By Region
13. Global Meat, Poultry And Seafood Market Segmentation
13.1.Global Meat, Poultry And Seafood Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Billion)
13.2.Global Meat, Poultry And Seafood Market, Segmentation By Distribution Channel, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Billion)
13.3.Global Meat, Poultry And Seafood Market, Segmentation By Nature, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Billion)
14. Meat, Poultry And Seafood Market Segments
14.1.Global Meat Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Billion)
14.2.Global Poultry Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($Billion)
14.3.Global Seafood Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($Billion)
15. Market Comparison with Macro Economic Factors
15.1.Meat, Poultry And Seafood Market Size, Percentage Of GDP, Global
15.2.Per Capita Average Meat, Poultry And Seafood Market Expenditure, Global
15.3.Meat, Poultry And Seafood Per Capita Expenditure, 2021, Major Countries
For more information about this report visit https://www.researchandmarkets.com/r/f4mj6m
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