San Jose, California (PRWEB) August 05, 2014
Follow us on LinkedIn – Meat can typically be classified into two types, fresh and processed. Fresh meat is cut from freshly slaughtered carcasses. Processed meat is a product wherein properties of fresh meat are modified by means of various procedures such as mincing, grinding or chopping, salting, curing, and addition to seasoning, among others. Meat is primarily processed for the purpose of preservation. Preservation procedures typically cause several changes in texture and flavor of meat. Strong demand across the world, primarily driven by growth in population and economic prosperity, has led to significant growth in meat trade over the past few decades. Global exports of poultry, pork and beef have grown more than 40% in the past decade and the year 2014 is expected to be another record-breaking year for exports driven by stronger demand from recovering economies.
East Asia represents a lucrative market for meat. Mounting demand in Sub-Saharan African and Middle Eastern regions is also expected to contribute to the growth in meat trade. Leading cattle producing countries worldwide include India, the United States, Brazil, Argentina and China. The European Union, China, Brazil, Russia, Vietnam, Canada, and Japan are the leading producers of swine worldwide. Leading meat importing countries include the United States, the United Kingdom, Japan and Germany. Argentina, Australia, Denmark and the Netherlands represent leading meat exporters in the global market. In terms of consumption, China represents the largest meat consuming nation worldwide, followed by the United States. The higher consumption figure in China is attributed to its huge population while in terms of per capita consumption, the United States is number one followed by Brazil in the second position.
Future growth will be primarily driven by rapid urbanization and the global push for higher protein diets leading to a spurt in per capita consumption of meat. Increased meat retailing as a result of mushrooming hypermarkets and supermarkets is boosting consumption of meat and meat products. Other important factors encouraging market expansion include better quality meat, low transportation costs, improved distribution system, highly developed slaughter facilities, improved disease control measures, and better livestock management policies. Increasing popularity of branded meat products that ensure safety and offer enhanced quality is also expected to bode well for market growth.
As stated by the new market research report on Meat (Fresh and Processed), Asia-Pacific represents the largest market worldwide. Population growth, rising income levels, increasing demand for convenience foods, rapid urbanization, and rising consumption of animal protein represent key growth drivers in the region. The significantly lower per capita consumption of meat in Asian countries provides untapped potential for market expansion. China and India are forecast to be at the forefront of future growth in the market. Pork represents the largest consumed meat category worldwide. Poultry ranks as the fastest growing market supported by its relatively lower price and easy accessibility for majority of consumers across the world. Additionally, increased demand for low-carbohydrate and low-fat diets is fuelling demand for chicken meat.
Key players covered in the report include Amadori Group, BRF Brasil Foods SA, Cargill Meat Solutions Corp., ConAgra Foods Inc., Cremonini S.p.a., Danish Crown A/S, Dawn Farm Foods Ltd., Elpozo Alimentacion S.A, Foyle Food Group, Hormel Foods Corp., Itoham Foods Inc., JBS S.A, Pilgrim's Pride Corp., Kepak Group, Kraft Foods Inc., Maple Leaf Foods Inc., Nippon Meat Packers Inc., Perdue Farms, Prima Meat Packers Ltd., San Miguel Pure Foods Company Inc., Sara Lee Corp., Smithfield Foods, Inc., and Tyson Foods, Inc., among others.
The research report titled “Meat (Fresh and Processed): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, issues, challenges, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections in metric tons for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Rest of World. Product segments analyzed in the report include Pork, Lamb & Goat, Beef & Veal, and Poultry.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Meat_Fresh_And_Processed_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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