Mexican Beef in Us Market Share

Manufacture Insights

Meat, poultry, & seafood market was valued at USD 4.2 trillion in 2016. Growing population results in increased consumer goods demand which is anticipated to ultimately contribute to enhancing the supply of meat, poultry & seafood products. The growing consumer sensation and preferences for high-quality attributes of meat are expected to steer the global meat industry.

Inside the final 5 years, the global population has increased rapidly, cited more often than not in the Middle Due east and Africa. Frequent chicken consumers tend to exist younger and more ethnically diverse, live in larger households, and have lower incomes compared to the average consumers, according to the NCC survey. Generation Xers and baby boomers melt chicken at home more often than millennials do, only the younger generation is twice as probable to eat pre-cooked craven at grocery store cafés. According to the U.N. Food & Agricultural Organisation, the global population is projected to increase to ix.viii billion by 2050.

Every bit per the report, half of the population growth is estimated to be mostly concentrated in Republic of india, Congo, Pakistan, Nigeria, the U.South., Ethiopia, Indonesia, and Uganda. Gdp growth rate for emerging economies between 2012 and 2016 saw steady growth. Owing to the sluggish economy from 2014 to 2015, several nations were inversely affected in terms of industrial development and trade activities. However, the global economy witnessed a recovering charge per unit of growth in 2016. Development in GDP and disposable income has created a substantial growth potential for premium quality meat and poultry-based foods.

The changing lifestyles that encourage on-the-go eating and a growing trend to replace meals with smaller nutritional snacks have led to an increment in the adoption of ready-to-consume and candy meat products in their daily diet. Growing consumer knowledge about poly peptide ingredients and branding efforts undertaken by major manufacturers across the globe is expected to shift consumer perception, that meat, poultry, and seafood are healthier sources of proteins equally compared to a vegetarian diet.

Product Insights

The global meat, poultry, and seafood manufacture comprise various product types including beefiness, pork, craven, turkey, tuna, salmon, shrimp, sardines, prawns, and other fishes. Seafood plays a major part in the growth of the market pertaining to the ascent demand for healthy protein-rich foods.

Seafood is expected to sally as the fastest-growing production segment accounting for 39.4% of market share in 2025 in terms of volume owing to become one of the preferred choices in food consumption owing to its nutritious values, easy availability, and increased sensation in public. Increasing awareness among various age groups of the population across the globe especially in the Asia Pacific is expected to steer premium and high-value fish need over the next eight years.

At that place is the increased popularity of salmon attributable to its omega-3 fatty acids which offer health benefits and loftier protein-low fatty seafood for diet-conscious customers. In improver, there is an increased demand for farm-raised seafood is attributed to the shifting preference towards sustainable farming and the environmental benefits associated with it.

Per capita consumption of chicken has witnessed a rapid increment in the U.S., faster than that of beefiness or pork. Annual consumption of chicken was 91 pounds per person in 2016, upwards more than 9.9% since 2010. By contrast, red meat consumption was well-nigh 107 pounds per person, up by 8.9% during the same menstruum.

Regional Insights

Asia Pacific deemed for a share of 75.2% in terms of the full volume in 2016 and is expected to witness the fastest growth with a significant CAGR over the forecast flow. This region is primarily characterized past the rise per capita income and the increasing demand for salmon and other seafood products in addition to meat, poultry & seafood.

Countries such as India, Cathay, Indonesia, the Philippines, and Thailand have witnessed rapid growth in terms of industrial and trade activities. The rise in living standards forth with the increasing population has steered the marketplace demand for meat in the region. Consumers are shifting their diet preferences towards natural meat, poultry & seafood products, due to increasing sensation of health and lifestyle.

Some of the earth'south largest seafood producers and exporters are in developing countries, with China being the largest, both in terms of wild grab and farmed fish. Developing countries business relationship for almost 85% of seafood production and fifty% of global exports. Kingdom of norway, Thailand, Vietnam, and the U.S. are also amidst the elevation exporters.

U.K., Russia, French republic, Germany, and Spain dominated the European meat, poultry & seafood market. Demand in the region is expected to rise owing to the new products introduced and increasing awareness of good for you products. Shifting consumer nutrition preferences in countries such as Luxembourg, Netherlands, and Belgium is expected to steer demand for meat and meat products.

Major consumers of meat in Germany belonged to the millennial groups. The growing consumer segment of millennials and the rise in sensation for protein-enriched food among its citizens is predictable to drive the meat demand in the country over the next 8 years. The growing awareness of new and innovative production recipes coupled with increasing flavored products is anticipated to steer the demand for meat, poultry & seafood.

Meat, Poultry & Seafood Market Share Insights

Owing to its significant market growth prospects, the global meat, poultry, and seafood industry is expected to witness substantial competitiveness over the forecast menstruation. Major companies involved in the sector include ConAgra, Tyson Foods, Hormel Foods, Cremonini Group. Other key participants include Sanderson Farms, J.Thousand. Smucker, Cargill, Beijing Aosiyun Meat Foodstuff, Sanderson Farms, Baiada Pty Ltd.

The meat, poultry & seafood companies have adopted the strategy of merger and acquisition to expand their business organization in the domestic every bit well every bit global market. In November 2017, Hormel Foods announced the acquisition of Columbus Manufacturing, Inc. from Arbor Investments, for USD 850 one thousand thousand. The conquering was aimed at enhancing its deli meat and finished products.

Report Scope

Aspect	Details
Base year for estimation	2016
Actual estimates/Historical data	2014 - 2015
Forecast period	2017 - 2025
Market representation	Volume in Million Tons, Revenue in USD Billion, & CAGR from 2017 to 2025
Regional scope	North America, Europe, Asia Pacific, CSA, MEA
Country scope	U.South., Germany, People's republic of china, India
Report coverage	Volume forecast, revenue forecast, visitor share, competitive landscape, growth factors and trends
15% free customization telescopic (equivalent to 5 analyst working days)	If you need specific information, which is non currently within the scope of the report, we volition provide it to y'all equally a role of customization

Segments Covered in the Report

This report forecasts volume and revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, K View Inquiry has segmented the global meat, poultry & seafood market report on the basis of production and region:

• Product Outlook (Book, 1000000 Tons; Revenue, USD Billion; 2014 - 2025)

  • Meat

  • Poultry

  • Seafood

• Regional Outlook (Volume, Million Tons; Revenue, USD Billion; 2014 - 2025)

  • North America

    • The U.South.

  • Europe

    • Federal republic of germany

  • Asia Pacific

    • China

    • Bharat

  • Central & South America (CSA)

  • Center Due east & Africa (MEA)

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Source: https://www.grandviewresearch.com/industry-analysis/meat-poultry-seafood-market

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