Global Industry Analysts Predicts the World Meat (Fresh and Processed) Market to Reach 292.2 Million Metric Tons by 2026

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Sep 23, 2021, 11:15 ET

SAN FRANCISCO, Sept. 23, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Meat (Fresh and Processed) - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 16; Released: April 2021
Executive Pool: 3412
Companies: 207 - Players covered include BRF S.A.; Conagra Brands, Inc.; Cremonini S.p.A.; Dawn Farm Foods Limited; Foyle Food Group Ltd.; Hormel Foods Corporation; Itoham Foods, Inc.; JBS S.A.; Kepak Group Limited; Marfrig Global Foods S.A.; Perdue Farms Inc.; San Miguel Pure Foods Company Inc.; Smithfield Foods, Inc.; Tyson Foods, Inc.; VION Holding N.V.; WH Group Limited and Others.
Coverage: All major geographies and key segments
Segments: Product Segment (Pork, Beef & Veal, Lamb & Goat, Poultry); Segment (Meat (Fresh and Processed))
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Meat (Fresh and Processed) Market to Reach 292.2 Million Metric Tons by 2026
Amid the COVID-19 crisis, the global market for Meat (Fresh and Processed) estimated at 277.5 Million Metric Tons in the year 2020, is projected to reach a revised size of 292.2 Million Metric Tons by 2026, growing at a CAGR of 0.8% over the analysis period. Pork, one of the segments analyzed in the report, is projected to record a 0.6% CAGR and reach 119.2 Million Metric Tons by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Beef & Veal segment is readjusted to a revised 0.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at 76.1 Million Metric Tons in 2021, While China is Forecast to Reach 52.5 Million Metric Tons by 2026
The Meat (Fresh and Processed) market in the U.S. is estimated at 76.1 Million Metric Tons in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 52.5 Million Metric Tons by the year 2026 trailing a CAGR of 1.7% over the analysis period.

Lamb & Goat Segment to Reach 15.2 Million Metric Tons by the year 2026
In the global Lamb & Goat segment, USA, Canada, Japan, China and Europe will drive the 1.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of 10.5 Million Metric Tons in the year 2020 will reach a projected size of 11.3 Million Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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