The Pork Meat Global Market Report 2023 by The Business Research Company, provides pork meat market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Pork Meat Global Market Report 2023, the market size is expected to grow from $346.40 billion in 2022 to $377.80 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of pork meat is expected to reach $526.02 billion in 2027 at a CAGR of 8.6%.
The growing food and beverage industry is expected to drive the growth of the pork meat market in the coming years. The food and beverage sector encompasses all businesses involved in the processing, packaging, and distribution of raw food materials. This includes both fresh and packaged foods, as well as alcoholic and non-alcoholic beverages. Pork is a good source of high-quality protein, which is an important nutrient for human health. Once consumed, it includes large levels of amino acids.
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The pork meat market is segmented:
1) By Meat Form: Chilled, Frozen, Canned/Preserved
2) By Packaging: Store Wrap, Modified Atmosphere Packaging, Vacuum Packaging, Shrink Bags
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Plant-based pork meat is a key trend gaining the popularity in the pork meat market. Plant-based pork is a pig replacement created with heme (or “”haem”” in British English), an iron-containing molecule obtained from plants that resemble blood. In recent years, a growing amount of data has linked meat consumption to ailments such as heart disease, cancer, and diabetes. So, people can reduce their weekly pork intake by introducing plant-based foods into their diet, boosting their overall health in the process. For example, in September 2020, Impossible Foods, a US based company that produces plant-based substitutes for meat products launched plant-based pork ‘Impossible Sausage’ in Hong Kong.
The pork meat market report table of contents includes:
1. Executive Summary
2. Pork Meat Market Characteristics
3. Pork Meat Market Trends And Strategies
4. Pork Meat Market – Macro Economic Scenario
5. Pork Meat Market Size And Growth
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26. Africa Pork Meat Market
27. Pork Meat Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pork Meat Market
29. Pork Meat Market Future Outlook and Potential Analysis
30. Appendix
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