Expanding Meat Industry on Track for USD 107.5 Billion by 2034

Expanding Meat Industry on Track for USD 107.5 Billion by 2034

The global meat products market is on an upward trajectory, projected to reach an impressive USD 107.5 billion by 2034. This growth is primarily driven by the increasing demand for convenient, ready-to-cook, and ready-to-eat meat products that cater to fast-paced lifestyles.

Key factors fueling this growth include rising disposable incomes, urbanization, growing health and protein awareness, and innovations in flavor profiles, packaging, and healthier product reformulations. The market is also benefiting from technological advancements in processing and preservation, the expansion of organized retail, and increased exposure to global cuisines.

In the North American market, the poultry segment is projected to experience the highest compound annual growth rate over the forecast period. This trend is driven by consumer preference for leaner protein options and the adaptability of poultry across diverse cuisines. In 2024, poultry accounted for over 43.1% of the market share by source.

The beef segment, however, led the North American processed meat industry with a 36.3% revenue share in 2024. Notable players in the market are focusing on sustainability and reducing carbon emissions in their supply chain. For instance, Danish Crown has launched a new "Climate-Controlled Pork" line, aiming for carbon-neutral pork production.

Companies are also increasingly seeking to offer high-quality, sustainable, and organic meat products. Boar's Head has expanded its premium deli meat line with new antibiotic-free and organic options. Conagra, on the other hand, has expanded its meat snacks portfolio and launched plant-based meat alternatives.

Hypermarkets and Supermarkets captured more than 46.3% of the meat products market share in 2024 and are anticipated to grow further in 2025. This growth is attributed to the convenience they offer, making it easier for consumers to access a wide variety of meat products under one roof.

Processed meat products held more than 64.7% of the total market share by product type in 2024. This trend is expected to continue, with processed meat products alone projected to surpass USD 1.2 trillion by 2034.

The market grew from USD 48.9 billion in 2024, with a CAGR of 8.2% from 2025 to 2034. This robust expansion is expected to nearly double the value of overall global meat-based further processed products from about USD 652 billion in 2025 to over USD 1.2 trillion by 2035.

The growth of the meat products market significantly impacts the global economy, boosting the agricultural and industrial sectors. This growth generates job creation in meat processing, packaging, retail, and food service sectors globally. It also increases revenues for fast-food chains and meat product manufacturers, stimulating supply chains from farming to retail.

Technological investments, such as AI and automation in meat production, lead to enhanced efficiency and potentially lower costs. Higher export revenues, particularly from regions like Asia-Pacific and Latin America, support economic diversification. The growth also contributes to GDP growth in emerging economies experiencing rising meat consumption due to urbanization and income growth.

In conclusion, the global meat products market's growth is driven by consumer preference shifts towards convenience, flavor diversity, and health awareness. This expansion positively influences global economic activity by creating jobs, boosting trade, and driving technological adoption within the meat industry.

[1] Market Research Report on Global Meat Products Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast till 2034. [2] Market Analysis of Processed Meat Products Market - Global Industry Insights, Trends, and Forecast till 2034. [3] Sustainability Initiatives in the Meat Products Industry: A Case Study of Danish Crown and Boar's Head. [4] Economic Impact Analysis of the Global Meat Products Market on Emerging Economies. [5] Technological Advancements and Innovations in the Global Meat Products Market - A Comprehensive Review.

1. The growth trend in the food-and-drink industry, particularly the meat products market, is attracting significant investments in personal-finance for businesses focusing on innovation, sustainability, and organic options, such as Danish Crown, Boar's Head, Conagra, and others.
2. In the realm of personal-finance, the increasing demand for ready-to-cook meat products caters to the fast-paced lifestyles of modern consumers, making investments in the food-and-drink and business sectors potentially profitable.
3. As the meat products market expands globally, its impact on the economy includes job creation in various sectors, such as meat processing, packaging, retail, food service, helping improve overall lifestyle standards.

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