The Pork by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pork, The pork market size has
grown steadily in recent years. It will grow from $152.13 billion in 2023 to
$155.57 billion in 2024 at a compound annual growth rate (CAGR) of 2.3%. The
growth in the historic period can be attributed to population growth and
urbanization, changing dietary preferences, economic development, cultural and
culinary practices, livestock farming practices..
The pork market size is expected to see steady growth in the next few years. It
will grow to $169.49 billion in 2028 at a compound annual growth rate (CAGR) of
2.2%. The growth in the forecast period
can be attributed to health and wellness trends, sustainable farming practices,
dietary shifts and alternative proteins, global food security, crisis
resilience.. Major trends in the forecast period include plant-based and
alternative proteins, digital marketing and e-commerce, environmental and
animal welfare considerations, global culinary influences, nutritional
innovation..
The increase in consumption of meat around the globe is driving the pork market
going forward. Meat refers to the meat or other edible components of animals
(often domesticated cattle, swine, and sheep) used for food, which may also
include tendons, ligaments, and muscles. Pork is an excellent option for meals
and consumption since it is an affordable meat to produce, has a high protein
content, and is adaptable. For instance, according to OCED (Organization for
Economic Co-operation and Development), an intergovernmental organization based
in France, the US consumed 10,177.30 thousand metric tons of meat in 2020,
which increased to 10,191.61 thousand metric tons in 2021. Therefore, the
increase in the consumption of meat across the globe is driving the market for
pork.
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The pork market covered in this report is segmented –
1) By Type: Chilled, Frozen
2) By Packaging: Store Wrap, Modified Atmosphere Packaging, Vacuum Packaging,
Srink Bags, Others
3) By Application: Household, Commercial
Product innovations are a key trend gaining popularity in the pork market.
Major companies operating in the market are introducing innovative products to
sustain their position in the pork market. For instance, in July 2022, Cargill
Incorporated, a US-based food company, announced the launch of healthy omega-3
pork in partnership with the EK Slaughterhouse, a Thailand-based pork
processing and food service company. As a result, Omega-3 pork is produced on
modern farms that use cargill feeding methods that leverage Omega-3-added feed
for hogs. It is clean and safe, while still providing the advantages of these
unique fatty acids. Many people have tried it, and the sole feedback has been
that this pig is more soft than regular pork. EKS is the manufacturer and
distributor of this pork for processing facilities to enhance the value chain
and supply the Omega-3 pork under its brand via contemporary trade and across
supermarkets using the Freshour brand to assist in marketing this revolutionary
product and create an additional distribution channel .
The pork market report table of contents includes:
1. Executive Summary
2. Pork
Market Characteristics
3. Pork
Market Trends And Strategies
4. Pork
Market - Macro Economic Scenario
5. Global
Pork Market Size and Growth
.
31. Global Pork Market Competitive Benchmarking
32. Global
Pork Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Pork Market
34. Pork
Market Future Outlook and Potential Analysis
35.
Appendix
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