Pork Meat Market Business Opportunity And Future Growth Analysis Report 2027
The frozen segment was the highest contributor to the market in 2019, and is estimated to grow at a CAGR of 3.9% during the forecast period. Asia-Pacific was the highest revenue contributor, accounting for more than half of the global market share 2019, and is estimated to grow at a CAGR of 4.5% through the forecast period.
Get Sample Report at: https://www.alliedmarketresearch.com/request-sample/5648
The growth of the pork meat market
can be attributed to increase in affinity of people toward fast food and
packaged food. Moreover, the expansion retail market and easy availability of
the product through various sales channel makes it convenient for consumers to
purchase packaged pork meat. This helps drive the sales figures and makes way
for the market growth. However, rise in the adoption of veganism and
implementation of stringent regulations toward animal cruelty act as the major
restraints of the global pork meat market. On the contrary, rise in popularity
for organic pork meat and clean label products is expect to open avenue for the
global pork meat market growth.
Key market players
- Tyson Foods, Inc.
- Danish Crown Group
- Tonnies Food GmbH & Co.
- Vion Food Group
- Food GmbH & Co.
- JBS S.A.
- WH Group Limited
- Smithfiled Foods, Inc.
- Halperns
Buy Now: https://www.alliedmarketresearch.com/pork-meat-market/purchase-options
The store wrap segment to manifest the
highest CAGR through 2027
By packaging, the store wrap segment is
expected to register the highest CAGR of 4.6% during the forecast period. This
is attributed to it being the most popular form of wrapping used in retail
outlets. However, the shrink bags segment held the largest share in 2019,
accounting for more than half of the global pork meat market, as shrink bags
are most suited in keeping perishable items fresh while being transported.
The commercial segment dominated the
market
By application, the commercial segment held
the lion's share in 2019, contributing to more than half of the global pork
meat market. In addition, the segment is expected to portray the highest CAGR of
3.9% from 2021 to 2027, owing to growing working population and the trend of
consuming meals outside homes.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/5648
Asia-Pacific, followed by LAMEA
and North America, to witness the highest CAGR by 2027
By region, the market
across Asia-Pacific is expected to manifest the highest CAGR of 4.5%
during the forecast period. In addition, the region held the largest share in
2019, accounting for nearly two-thirds of the market, owing to growing adoption
of meat-based diet because of factors including changes in lifestyle and
increase in marketing of meat products. The global pork meat market
across North America is expected to register a CAGR of 2.6% from 2021
to 2027.
Comments
Post a Comment