The global meat,
poultry & seafood market is expected to reach USD 7.3 trillion
by 2025, according to a new report by Grand View Research, Inc. The industry is
anticipated to grow substantially over the forecast period owing to increasing
demand of meat, poultry & seafood products.
Poultry is expected to emerge as the fastest growing
product segment in terms of volume in the U.S. owing to the increased consumption
as compared to other meat and seafood products. In June 2017, consumer survey
undertaken by the National Chicken Council, revealed that over 84% of consumers
had eaten chicken purchased from a supermarket within the previous two weeks,
and 67% had consumed chicken at a food service establishment — down from 87%
and 72% in 2016, but about the same as observed in 2015.
India is expected to witness moderate increase in
poultry and seafood consumption. While, meat is estimated to lose its market
share as beef products are expensive as compared to seafood and poultry
chicken. Seafood demand in India accounted for a market share of 27.8% in terms
of volume of Asia Pacific in 2025.
Browse full research report on Meat, Poultry & Seafood Market: https://www.grandviewresearch.com/industry-analysis/meat-poultry-seafood-market
Further
key findings from the report suggest:
- Seafood emerged as the largest product segment in 2016. Seafood
demand in Central and South America is expected to grow at a CAGR of 6.4%
in terms of revenue over the forecast period.
- Poultry is expected to have a market share of 17.4% of the total
volume in Europe in 2025. Poultry is also expected to emerge as the
fastest growing segment in Europe.
- Meat products accounted for a share of 42% of the total volume in
North America in 2016. Rising demand for meat and meat products coupled
with increasing consumer awareness is expected to rise meat demand over
the next eight years.
- Seafood demand in North America was 9.0 million tons in 2016. The
growing demand of salmon, sardine, and shrimp have contributed to the
seafood market growth over the past few years.
- Asia Pacific emerged as the largest regional market in meat,
poultry and seafood market. China accounted for a market share of 39.7% of
total volume in 2025.
- The growing health consciousness towards organic foods that are
natural and do not have any artificial preservatives has resulted in the
increase in overall organic meat intake
- Key companies involved in the sector include ConAgra, Tyson Foods,
Hormel Foods, Cremonini Group. Other companies include Dawn Fam Foods,
Beigi Foods GmbH, Pilgrim’s and Wayne Farms
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/consumer-goods
Grand
View Research has segmented the global meat, poultry and seafood market on the
basis of product and region.
Raw
Material Outlook (Volume, Million Tons; Revenue, USD Billion; 2014 - 2025)
- Meat
- Poultry
- Seafood
Regional
Outlook (Volume Million Tons; Revenue, USD Billion; 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- Asia Pacific
- China
- India
- Central &
South America (CSA)
- Middle East
& Africa (MEA)
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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