The Meat industry is a fast-paced sector and is growing at a steady rate. The market is stagnant in developed regions such as North Americas and Western Europe, but the Global Meat market is growing because of increased consumption of meat. Also, increased demand from developing nations such as China, Brazil, Russia, and India is driving the market positively and this trend is expected to continue during the forecast period. However, rising animal diseases, increasing water pollution, and rising concern for the environment are acting as a threat to the Global Meat market. Despite such challenges, the market will be driven by the growing population, growing prospects of E-commerce, and rising demand for halal meat.
Analysts forecast the Global Meat market is growing at a steady pace and is expected to witness 3.97 percent and 2.22 percent CAGR growth in terms of revenue and volume, respectively, over the period 2013-2018.
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The report recognizes the following companies as the key players in the Global Meat Market: Cargill Inc., ConAgra Foods Inc., Hormel Foods, Smithfield Foods Inc. and Tyson Foods Inc.
Other Prominent Vendors in the market are: Amadori Group, Cremonini, Danish Crown, Dawn Farm Food, Foyle Food, Hormel Foods, Itoham Foods, JBS, Kepak Group, Kraft Foods, Nippon Meat Packers, Pilgrim's Pride, Premium Standard Farms and Sara Lee.
One major trend emerging in this market is the growth prospects in e-commerce that include improvements in quality during production, importation, preparation, and cost. Currently, more and more customers prefer to shop online and pay for their orders using their credit or debit cards, which helps them avoid a time-consuming journey and billing queues.
Covered in this Report
The Global Meat market can be divided into four segments by animal meat type: Pork, Chicken, Beef, and Lamb.
Global Meat Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Europe, the Americas, the APAC region, and MEA region; it also covers the Global Meat Market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, the consumption of meat in Asian countries such as India, Japan, and China, is increasing. The demand for good and cheap sources of protein is driving the consumption of meat. People in the Americas consume meat products primarily through fast foods and at restaurants, making the Americas the highest revenue generating region, closely followed by Europe, while the APAC region is the fastest growing market with a growing number of meat consumers.
Further, the report states that one of the major challenges that the market faces is meat substitutes, especially soy meat, which is becoming popular among vegetarians and will negatively affect the Global Meat market.
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