Global Red Meat
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Red Meat Market Report 2024.
According to Cognitive Market Research, the global Red Meat Market size will be XX million by 2030, whereas its compound annual growth rate (CAGR) will be XX% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Drivers:
| |
Market Restrains:
| |
Market Trends:
|
Market Split by Type |
|
Market Split by Distribution Channel |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Red Meat industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Red Meat Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The term "red meat" refers to meat that is obtained from mammal flesh and has a higher amount of protein myoglobin than white meat. Red meat comes in different types, such as beef, pork, mutton, veal, lamb, and goat. The red meat industry's consumption rate has benefited from consumers' growing need for convenience food.
White flesh, which comes from ducks and poultry, is not favored over red meat. Red meat consumption has increased as a result of consumers shifting their preferences towards beef and other red meats due to their relatively higher protein content. Pork has the highest protein level, containing 29.41 grams of protein for every 100 grams of meat consumed. In the Middle East, red meat is sold under the labels of halal and kosher, which has led to the growth of its market.
The market for red meat has been influenced by rising health and nutrition concerns as well. Lean cuts of red meat that are of superior quality and are thought to be healthier are becoming increasingly more in demand. Red meat's nutritional advantages such as its high protein, vitamin, and mineral content have influenced consumer tastes and consumption habits through marketing campaigns. Red meat is high in nutrients. It is rich in essential vitamins and minerals, protein, and amino acids. Red meat promotes immunological function, healthy muscular building, and general well-being when it is incorporated into a regular diet. The market benefits from red meat's use as the main protein source in the majority of cuisines. Worldwide cultural festivities are linked to meat, which increases demand for it. The demand for red meat in a regular diet has increased due to growing awareness of health, nutrition, and wellness; this is particularly significant with the growing popularity of Pilates, jogging, gyms, and strength training.
• For Instance: In Jan 2024 – Ancestral Beef Blend Beef Sticks, a new range of protein-rich beef sticks from Country Archer Provisions, was launched.
https://www.foodbev.com/news/country-archer-provisions-launches-meat-stick-line-made-from-organ-meats/
Fitness influencers emphasize the value of protein in the diet and promote meat as the best choice for meeting daily calorie and protein requirements, which makes social media play a big role in the fitness industry. Red meat is therefore in more demand due to rising health and wellness consciousness since it is thought to be a vital nutrient that should be a part of a regular diet.
The increase of international trade in red meat products has been facilitated by the extension of free trade agreements (FTA). To continue to satisfy domestic demand, expand new markets, and take advantage of production competitive advantages, nations participate in import and export activities.
• For Instance: In Mar 2024 – According to the U.S. Meat Export Federation, pork exports reached 251,424 metric tons (MT) in January 2024, up 6% from 2023.
https://www.meatpoultry.com/articles/29892-pork-lamb-exports-kick-off-2024-at-strong-pace#:~:text=Pork%20exports%20totaled%20251%2C424%20tonnes,in%20the%20leading%20market%2C%20Mexico.
The export value rose to USD 682.1 million, a 6% rise. Trade agreements are being signed by countries all around the world, which is propelling the market.
• For Instance: In May 2023 – The free trade agreement with New Zealand was approved by the UK parliament. Because beef and lamb may now enter the UK duty-free owing to this FTA, it is expected that New Zealand's red meat exports will rise.
https://beeflambnz.com/news/nz-uk-free-trade-agreement-ratification-great-news-red-meat-sector
Concern among consumers has increased due to the growing number of research exposing the link between red meat consumption and diabetes, cholesterol, and other diseases. To prevent these health problems, scientists and health organizations advise switching to a plant-based diet and consuming less red meat. Additionally, individuals are becoming more conscious of the detrimental consequences red meat has on their health. Diets that are lower in meat or that are vegetarian, vegan, or plant-based are becoming increasingly popular. In addition, with takeout expenditure on the rise, processed meat is a major concern for cardiovascular diseases. Consequently, red meat's detrimental effects on health will impede market expansion.
Due to the COVID-19 pandemic's effects on the global red meat supply chain, prices, and production, there was a severe socioeconomic crisis. Prices for red meat and meat products initially rose as a result of less production and elevated demand brought on by panic buying. However, later stricter limitations and declining consumer spending power led to a major decline in both meat output and consumption, which in turn caused red meat prices to drop.
In a bid to adapt to changing consumer demands, manufacturers and producers in the red meat market additionally concentrate on product innovation and diversity. The introduction of ready-to-eat meals, convenience foods, premium cuts, and value-added products expands the market's choices and brings in a larger consumer base. The expansion of the market is also facilitated by innovations in flavor profiles and processing methods.
• For Instance: In Oct 2023 – The sole cold-water dissolvable products on the market, HERB-OX Cold Water Dissolve Beef Bouillon and HERB-OX Cold Water Dissolve Chicken Bouillon from Hormel Foods Corporation offer taste and convenience for preparing gravies, soups, stews, and other meals.
https://www.hormelfoods.com/newsroom/press-releases/the-makers-of-herb-ox-bouillon-unveil-a-decades-worth-of-innovation-introducing-cold-water-dissolve-chicken-bouillon-and-beef-bouillon-the-first-of-their-kind-on-the-market/
We have various report editions of Red Meat Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
In a bid to remain competitive in the industry, the market participants have placed a growing emphasis on product development and business expansion through the utilization of tactics like partnerships, mergers, and acquisitions.
• For Instance: In Nov 2023 – The acquisition of the Bridge of Allan and Queenslie-based Scotbeef meat processing plants by ABP Food Group has been authorized by the Competition and Markets Authority (CMA).
https://www.agriland.ie/farming-news/abp-scottish-acquisitions-cleared-by-uk-competition-authority/
Top Companies Market Share in Red Meat Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, the red meat market is dominated by North America. This is because people in this region are consuming more red meat and have more disposable income. Additionally, people's preference for processed meat is a result of increased urbanization and busy lifestyles, which is fueling the market's expansion in this region. The expanding region is a result of the rising demand in the region for processed meats like pastrami and sausages. The market is primarily driven by North America's demand for red meat, especially beef. The staple component of many American meals, including meatloaf, steaks, and hamburgers, is beef, which plays an essential role in the traditional American diet.
The market is mainly influenced by North America's demand for red meat, especially beef. The staple element of many American meals, including meatloaf, steaks, and hamburgers, is beef, which plays an essential role in the traditional American diet. The production, pricing, and market trends of red meat are influenced by consumer preferences for certain cuts, varieties, and quality characteristics.
• For Instance: In Nov 2023 – In the United States, Del Taco launched three brand-new Shredded Beef Birria choices. These fresh offerings include two tacos with shredded beef, shredded beef quesadilla, and shredded beef ramen.
https://deltaco.com/index.php?page=news&item_id=241
According to Cognitive Market Research, a convergence of variables leads to the Asia-Pacific region becoming the largest and fastest-growing market in the global red meat business. Growing disposable income and rapid urbanization enable customers to purchase better cuisine, particularly red meat. The growing population in the region raises the need for choices high in protein, and the shift in dietary tastes towards more Westernized diets encourages the consumption of meat. Accessibility is facilitated by an expanded retail infrastructure, ranging from online platforms to supermarkets. Facilitating imports, trade liberalization, and foreign investment boost the market even more. Due to increased production with government support, there is a surge in investments in red meat processing in the Asia-Pacific region. The sales of red meat in Asia are driven by a movement in consumer preference toward more processed red meat products.
• For Instance: On Nov 10, 2020 - Tyson Foods announced plans to expand its current facility in China and Thailand and build new manufacturing sites in the Netherlands. The combined effect of these strategic expansions added more than 100,000 tonnes of additional capacity for fully cooked poultry products. It was projected that the construction of new plants in China and Thailand would lead to the creation of between 700 and 1,000 jobs.
https://www.tysonfoods.com/news/news-releases/2020/11/tyson-foods-announces-plans-additional-production-facilities-its
The Asia-Pacific region's major meat-producing nations are taking advantage of export prospects to supply the demand for red meat products worldwide. The red meat sector is growing due to the expansion of export markets by countries like Australia, China, and India.
• For Instance: Meat & Livestock Australia estimates that 67% of the 1.9 million tons of carcass weight (cwt) of beef and veal produced in 2022 will be exported.
https://www.mla.com.au/about-mla/the-red-meat-industry/
The current report Scope analyzes Red Meat Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Red Meat Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Red Meat Industry growth. Red Meat market has been segmented with the help of its Type , Distribution Channel , and others. Red Meat market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the Type, the global Red Meat market is divided into Beef, Veal, Mutton, Pork, lamb, and Goat.
The Beef segment dominates the Red Meat market. One of the most widely consumed meats is beef. It contains plenty of vitamins, minerals, and high-quality protein. Because corned beef is preserved in brine, sliced, pressed, and sold in tins, it is a popular beef product due to its high nutritional content. In a bid to flavor and tenderize the steak, it is brined in a combination of salt and spices to create corned beef, which is processed red meat. It enhances both workout performance and muscle growth and maintenance. Due to its high iron content, it reduces the risk of anemia.
• For Instance: In Nov 2022 - JBS US launched Pound of Ground Crumbles, an innovative meal option with frozen, raw ground beef. This innovative product could be cooked straight from the freezer, saving time and effort on thawing and preparation.
https://www.meatpoultry.com/articles/26184-jbs-usa-launches-pound-of-ground-crumbles#:~:text=%E2%80%93%20JBS%20USA%20announced%20on%20Feb,Pound%20of%20Ground%20Crumbles%20line.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Red Meat Industry. Request a Free Sample PDF!
Based on the Distribution Channel, the global Red Meat market is divided into Supermarkets/Hypermarkets, convenience stores, specialty stores, and Online Retail.
Supermarkets/Hypermarkets dominate the Red Meat market. Supermarkets and hypermarkets provide an extensive range of red meat products and are conveniently located. Customers are more inclined to buy fresh meats from supermarkets and hypermarkets because of their conventional inclination, favorable impression of cost-effectiveness, and consistent meat supply. Supermarkets and hypermarkets provide different discount programs for huge purchases.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
The term "red meat" refers to meat that is obtained from mammal flesh and has a higher amount of protein myoglobin than white meat. The market for red meat has been influenced by rising health and nutrition concerns as well. The increase of international trade in red meat products has been facilitated by the extension of free trade agreements (FTA). The introduction of ready-to-eat meals, convenience foods, premium cuts, and value-added products expands the market's choices and brings in a larger consumer base. The red meat market is dominated by North America. This is because people in this region are consuming more red meat and have more disposable income.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
• For Instance: On Oct 01, 2023 – Tonnies Holding announced that it and the Dekon Group had signed a joint venture agreement for the establish butchering and slaughtering facilities in Sichuan, China. The slaughter and cutting center accounted for about USD 150 million of the overall investment of USD 500 million.
https://euromeatnews.com/Article-Tonnies-launches-joint-venture-in-China/3288
• For Instance: On Nov 11, 2020 - Tyson Foods announced that it would expand its facility in the Netherlands and construct additional production facilities in China and Thailand. The latest renovations increased the capacity to produce approximately 100,000 tonnes of fully cooked poultry. More than 700,000 jobs were anticipated to be created by the new plants in China and Thailand, respectively, while more than 150 roles were added by the European expansion.
https://www.feedstuffs.com/agribusiness-news/tyson-announces-additional-international-production-facilities
Disclaimer:
Type | Beef, Veal, Mutton, Pork, Lamb, Goat |
Distribution Channel | Supermarkets/Hypermarkets, Convenient Stores, Speciality Stores, Online Retail |
List of Competitors | Hormel Foods Corporation, NH Foods Ltd., Sysco Corporation, Tyson Foods Inc., ConAgra Foods Inc., Cargill Meat Solutions Corp., Tonnies Holding, Kraft Heinz Company, OSI Group LLC., BRF SA, JBS USA Holdings Inc., Smithfield Foods Inc., Irish Country Meats, WH Group Ltd., Others |
This chapter will help you gain GLOBAL Market Analysis of Red Meat. Further deep in this chapter, you will be able to review Global Red Meat Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type . This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Red Meat market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Beef have a significant impact on Red Meat market? |
What are the key factors affecting the Beef and Veal of Red Meat Market? |
What is the CAGR/Growth Rate of Supermarkets/Hypermarkets during the forecast period? |
By type, which segment accounted for largest share of the global Red Meat Market? |
Which region is expected to dominate the global Red Meat Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Red Meat Market
Request Sample