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The meat industry provides food and a livelihood for billions of people throughout the globe. It is one of the most traditional and stable markets worldwide. There has been a constant rise in the consumption pattern of meat-eaters due to a rise in income levels. Meat demand is associated with higher incomes and a shift toward urbanization with food consumption changes that favor increased proteins from animal sources in diets. According to the latest publication on the Meats Market by Meticulous Research®, the meats market is expected to record a CAGR of 5.7% from 2022 to 2029 to reach $1,345.9 billion by 2029.

Nowadays, gluten-free diets have quickly become the fastest-growing nutritional movement which is gaining popularity for its health and therapeutic benefits. The increase in the use of gluten-free food products is mainly attributed to a rise in food sensitivities, regional dietary preferences, an increase in the diagnosis of coeliac disease, and the idea of using food as medicine. In August 2013, the U.S. FDA issued a regulation that defined the term “gluten-free” for food labeling. The definition provided consumers, especially those with celiac disease, the assurance that “gluten-free” claims on food products will be consistent and reliable across the food industry and gave them a standardized tool for managing their health and dietary intake. People with coeliac disease have a lifelong autoimmune condition, whereby gluten attacks the lining of the gut wall, which can lead to osteoporosis and certain cancers. Many people have allergies and intolerance, resulting in eye irritation, stomach upsets, and other symptoms, which in some cases require hospitalization. As a result, people are avoiding food products containing or fortified with soy and gluten ingredients. Meat is naturally gluten-free. Plain, fresh cuts of meat, including beef, poultry (chicken, turkey, etc.), rabbit, lamb, and fish/seafood meat, are all gluten-free. Thus, rising consumer preference for soy-free and gluten-free food products across the globe is expected to provide lucrative opportunities for stakeholders in the meat market.

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The growth of this market is mainly attributed to the increasing demand for animal-based food, protein-rich diets, and functional meat products. Moreover, the increasing awareness of organic processed meat products and rising demand for gluten-free products are expected to provide lucrative growth opportunities for the stakeholders in the meat market. However, the carcinogenic effects of processed meat and growing awareness about the benefits of meat alternatives hinder market growth to some extent.

To provide efficient analysis, Meticulous Research® has segmented this market based on animal type (cattle and buffalo, pig, poultry, sheep and goat, and other animals), product type (processed meat (frozen meat, chilled meat, and canned meat) and fresh meat), by distribution channel (business to consumer (B2C) and business to business (B2B). The study also evaluates industry competitors and analyzes the market at a regional and country level.

Geographically, the meat market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is estimated to account for the largest share of the global meat market in 2022, owing to the increasing awareness of protein-rich diets, the increasing technological advancement and new product innovations in the food & beverages industry, the fast-growing economy, and strong demand for meat and meat products in developing countries including China and India. Moreover, rapid urbanization, rising income, and changing lifestyles in the Asia-Pacific region have resulted in consumers opting for convenient ready-to-cook meat products.

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Based on animal type, the cattle and buffalo segment is expected to account for the largest share of the global meat market in 2022, owing to the increasing demand for beef and veal, as it is one of the important sources of protein. Comparatively, cattle and buffalo meat have higher protein content than chicken, pork, turkey, and lamb. Rising awareness associated with the consumption of protein through high nutritional food and growing preference for beef over other meats owing to various diseases associated with poultry and pork is further expected to drive the growth of this market.

Based on product type, the processed meat segment is expected to account for the largest share of the global meat market in 2022, owing to the factors such as its ease of use and high availability and shelf life, and increasing demand for ready-to-cook food products due to busy lifestyles. Also, the growing urbanization and increasing per capita income among millennials is further expected to boost the growth of the processed meat market during the forecast period.

Based on distribution channel, the business to consumer (B2C) segment is expected to account for the largest share of the global meat market in 2022 owing to the rising number of supermarkets and hypermarkets and increased overall product sales from these outlets; consumer preference for shopping from brick-and-mortar grocers due to easy access and availability and increasing use of e-commerce platforms for purchase of essential goods.

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The key players profiled in the global meat market research report are Cargill Incorporated (U.S.), Tyson Foods, Inc. (U.S.), JBS S.A. (Brazil), Hormel Foods Corporation (U.S.), American Foods Group, LLC (U.S.), Koch Foods, Inc. (U.S.), Smithfield Foods, Inc (U.S.), National Beef Packing Company, LLC (U.S.), Perdue Farms Inc. (U.S.), and Allanasons Private Limited (India), among others.

Meat-based FPP Market by Type (Hot Dogs & Sausages, Nuggets, Bacon, Strips, Meatballs, Burger Patties, Wings), Source (Pork, Beef & Veal, Chicken), and Distribution Channel (Business-to-Business [B2B], Business-to-Consumer [B2C])—Global Forecast to 2029

Black Soldier Fly Market by Product (Protein Meals, Biofertilizers {Frass}, Chitin/ Chitosan, Others {Cocoons, Pupa}), Application (Animal Feed, Agriculture, Pet Food, Pharmaceutical, Cosmetic, Biofuel), and Geography– Global Forecast to 2030

Contact: Mr. Khushal Bombe Meticulous Market Research Inc. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. USA: +1-646-781-8004 Europe : +44-203-868-8738 APAC: +91 744-7780008 Email- [email protected] Visit Our Website: https://www.meticulousresearch.com/ Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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