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. In terms of volume, the meat market is expected to reach 412.2 million tons cwe by 2029, at a CAGR of 1.8% during the forecast period of 2022 to 2029. Increasing demand for animal-based food, growing demand for protein-rich diets, and rising demand for functional meat products are the key factors driving the growth of the meat market. 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.
Here are the top 10 companies operating in the Meat Market
Cargill, Incorporated (U.S.)
Founded in 1865 and headquartered in Minneapolis, U.S., Cargill is engaged in providing products and services to food, agriculture, industrial, and financial customers. The company mainly operates through five business segments: Food Ingredients & Bio-Industrial Animal Nutrition Protein & Salt Agricultural Supply Chain and Metals & Shipping. The company offers meat and poultry products to food producers, retailers, and food service operators across the globe. Moreover, in 2013, the company invested around USD10 million (THB 300 million) to upgrade its integrated poultry processing facility in Saraburi, Thailand, which produces a range of cooked poultry products for food service chains, convenience stores, food manufacturers, retailers, and distributors across Asia, Europe, and North America.
With its subsidiaries and a strong distribution network in more than 125 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of December 2021, the company had a headcount of 1,55,000 employees worldwide.
Tyson Foods, Inc. (U.S.)
Founded in 1935 and headquartered in Springdale, U.S., Tyson Foods engaged in the production of processed food. The company mainly operates through four business segments: Chicken, Beef, Pork, and Prepared Foods. The Chicken segment is involved in domestic operations related to raising and processing live chickens into fresh, frozen, and value-added chicken products, as well as sales from allied products. The Beef segment includes operations related to processing live-fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. These beef products are marketed domestically to food retailers, foodservice distributors, restaurant operators, hotel chains, and noncommercial food service establishments, such as schools, healthcare facilities, the military, and other food processors, as well as to international export markets. This segment also offers specialty products, such as hides and a variety of meats. Moreover, the Pork segment comprises operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Also, the Prepared Foods segment manufactures and markets frozen and refrigerated food products.
With its subsidiaries and a strong distribution network in more than 145 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of October 2020, the company had a headcount of 1,39,000 employees worldwide.
JBS S.A. (Brazil)
Founded in 1953 and headquartered in Sao Paulo, Brazil, JBS is one of the world’s largest processors of animal proteins. The company is engaged in the processing of a range of meats, including beef, pork, lamb, and chicken, as well as hides. The company mainly operates through six business segments: Beef, Poultry, Pork, Leather, Swift, and Other Related Business. The company produces and sells beef through two Business Units: Friboi in Brazil and JBS USA Beef in the rest of the World. Friboi has 35 beef processing units, 35 feedlots, 26 distribution centers, and 7 processed food units.
JBS has more than 450 production units and commercial offices in over 20 countries. The company has its geographic presence across the Americas, Europe, Asia, Africa, and Oceania. The company had a headcount of 250,000 employees worldwide.
Hormel Foods Corporation (U.S.)
Founded in 1891 and headquartered in Austin, Minnesota, U.S., Hormel Foods is a fortune of 500 companies engaged in the manufacturing and distribution of meat products. The company operates through four business segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. The refrigerated foods business segment offers branded and unbranded pork, beef, chicken, and turkey products for retail, food service, deli, and commercial customers. Moreover, the company offers branded and unbranded turkey products for retail, food service, and commercial customers through its jennie-O turkey store business store.
With its subsidiaries and a strong distribution network in more than 80 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of October 2021, the company had a headcount of more than 20,000 employees worldwide.
American Foods Group, LLC (U.S.)
Founded in 1946 and headquartered in Green Bay, Wisconsin (WI), U.S., American Foods Group, LLC is a part of Rosen’s Diversified Inc. American Foods is engaged in the production and distribution of beef products. The company offers fresh, ground, and specialty beef. American Foods provides beef to the food service, retail, and international markets. It processes more than 1.5 million pounds of fresh ground beef every day. The company offers fresh beef products through its fresh meats division in fresh and frozen formats.
With its subsidiaries and a strong distribution network in more than 40 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The company had a headcount of more than 4,500 employees worldwide.
Meticulous Research in its latest publication on Meat Market has predicted the growth of 5.7% during the forecast year 2022-2029.
Koch Foods, Inc. (U.S.)
Founded in 1985 and headquartered in Illinois, U.S., Koch Foods is engaged in the production and processing of poultry products. The company offers value-added fresh and frozen chicken products, such as chicken tenderloins, tenders, strips, boneless breasts, and wings, along with diced and pulled white and dark meat and whole and whole cut-up chickens. The company serves products to the food service, industrial, retail, and export sectors. The company distributes its value-added poultry products under the Koch Foods, Antioch Farms, and Cravers retail brands.
The company has its primary presence in North America, and it exports products throughout the globe. As of 2021, the company had a headcount of more than 13,000 employees worldwide.
Smithfield Foods, Inc (U.S.)
Founded in 1936 and headquartered in Virginia, U.S., Smithfield Foods is engaged in animal slaughtering and processing. As a hog producer and pork processor, the company offers a number of fresh pork and value-added pork products, including deli meats and prepared foods. The company has 573 company-owned pigs farms and 3,221 contract pig farms. Adding to this, it has 3 company-owned and 68 contract poultry farms internationally. Annually, the company sells more than 11.2 billion pounds of fresh pork, packaged meats, and poultry.
The company has its primary presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As of 2020, the company had a headcount of more than 59,000 employees worldwide.
National Beef Packing Company, LLC (U.S.)
Founded in 1992 and headquartered in Kansas City, Missouri, U.S., National Beef Packing is engaged in animal slaughtering, processing, and packaging. Beef processing is a core business segment of the company. The company offers beef-related products, such as steak, ground beef, prime rib, fresh and case-ready beef, hides, tallows, and other related food products. The company has partnered with more than 1,800 cattle suppliers across the U.S. to obtain quality raw materials.
The company has its primary presence in North America, and it also exports products to the Asia-Pacific, Europe, Latin America, and the Middle East & Africa region.
Perdue Farms Inc. (U.S.)
Founded in 1920 and headquartered in Salisbury, Maryland, U.S., Perdue Farms is engaged in the production and distribution of poultry and meat products. The company mainly operates through two business segments: Retail and Food Service. The food service segment offers a full line of poultry products for foodservice operators, including restaurants, education, K-12, college and university, and healthcare segments. The company also offers chicken breasts, cutlets, burgers, sausages, and wings.
The company has production and processing facilities based in the U.S. and offers chicken and turkey products through retail venues and to food service companies in the U.S. and more than 30 countries worldwide.
Allanasons Private Limited (India)
Founded in 1965 and headquartered in Mumbai, India, Allana is engaged in the manufacturing and distribution of processed food products and agro-commodities. The company mainly operates through eight business segments: Proteins, Coffee, Rendered Products, FMCG, Fruits and Vegetables, Agri Food Product Division, Pet Food, and Hides. The company offers frozen/chilled meat, processed/frozen fruit and vegetable products, coffee, spices, and cereals. After entering the buffalo meat market in 1969, the company expanded its meat production capacity to 750,000 MT by 2020. For the meat market, the company offers frozen buffalo meat, chilled vacuum-packed buffalo meat, frozen buffalo offal, frozen and chilled lamb carcasses. Allana also exports halal meat to Islamic countries.
With its subsidiaries and a strong distribution network in more than 85 countries, the company has its geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Authoritative Research on the Meat Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
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