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The Meat Market is expected to reach $1,345.9 billion by 2029, at a CAGR of 5.7% during the forecast period 2022 to 2029.

The demand for protein is rising in tandem with the growing global population, which exerts greater pressure on resources to provide diverse food options. The United Nations Department of Economic and Social Affairs projects that the world population will hit 8.6 billion by 2030, 9.8 billion by 2050, and 11.2 billion by 2100. The FAO/UN anticipates that by 2050, global food demand—especially for protein—will be double that of 2013 levels. Given the challenges of global food security, protein is poised to become the limiting macronutrient, necessitating sufficient quantities of high-quality protein to meet the needs of the population. Furthermore, high-protein diets and products have increasingly influenced consumer perceptions regarding protein consumption.

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As the global population expands, the demand for protein as a crucial nutritional component is surging. The trend toward higher protein intake is gaining momentum and is expected to persist in the coming years. Consumers are becoming more aware of the benefits of protein for maintaining an active lifestyle. Proteins play a vital role in reducing the risk of diabetes and cardiovascular diseases, as well as contributing to overall well-being by supporting healthy skin, hair, and nails. They are essential for building, maintaining, and repairing tissues, cells, and organs, ensuring proper immune function, and promoting heart health. Additionally, protein is crucial for the growth and development of both children and the elderly.

A protein-rich diet has been linked to alleviating various health issues, and consumers are increasingly recognizing the need to include adequate protein in their daily meals, spurred by heightened health awareness. Research presented at the 2015 annual meeting of the European Association for the Study of Diabetes (EASD) indicates that high-protein diets can enhance blood sugar control in individuals with type 2 diabetes without negatively affecting kidney function. The study found that a six-week high-protein diet resulted in improved glucose metabolism and reduced liver fat, regardless of the protein source, with no adverse impacts on kidney health. Consequently, the rising demand for protein is expected to drive meat consumption, as meat is a rich protein source.

For example, the Organisation for Economic Co-operation and Development and the Food and Agriculture Organization (OECD-FAO) predicts that global meat demand will reach 371.68 million tons by 2030. Additionally, the FAO forecasts that global per capita meat consumption will rise to 35.4 kg by 2027, reflecting the increasing demand for protein-rich foods, largely driven by a growing health consciousness among consumers worldwide. According to a recent report by Meticulous Research®, the meat market is projected to reach $1,345.9 billion by 2029, with a compound annual growth rate (CAGR) of 5.7% from 2022 to 2029.

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Scope of the Report:

Meat Market, by Product

  • Processed Meat
    • Frozen Meat
    • Chilled Meat
    • Canned Meat
  • Fresh Meat

Meat Market, by Animal Type

  • Cattle and Buffalo
  • Pig
  • Poultry
  • Sheep and Goat
  • Other Animals

Meat Market, by Distribution Channel

  • Business to Consumers (B2C)
    • Modern Groceries
    • Wet Market & Butcher Shops
    • Convenience Stores
    • Other Channels
  • Business to Business (B2B)

Contact:

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Visit Our Website: https://www.meticulousresearch.com/
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