NEW YORK, April 18, 2019 /PRNewswire/ -- Opportunities
in the Global Meat Sector: Analysis of Opportunities Offered by
High Growth Economies
Read the full report:
https://www.reportlinker.com/p04826928/?utm_source=PRN
Summary
The global meat sector was valued at US$945.7 billion in 2018 and is forecast to
record a CAGR of 3.9% during 2018-2023 to reach US$1,142.9 billion by 2023. Americas represented
the largest regional market with a value share of 31.5% in the
global meat sector in 2018 and it is also forecast to record the
fastest value CAGR of 4.6% during 2018-2023. Improving worldwide
economies and rising consumption of meat from an expanding global
population, will continue to be major drivers for the global meat
sector. Fresh meat (counter) represented the largest market with a
value share of 42.1% in 2018.
The value share of the global meat sector as a percentage of the
overall food industry will witness decline during 2013-2022,
despite growth in absolute terms.This trend is largely attributed
to health and environmental reasons, with growing preference among
consumers for plant-based diets and other meat substitutes.
Among the five regions, Asia-Pacific and Middle East & Africa will witness a decline in the value
share of meat during the same period, which can be attributed to
the strong demand for other food sectors such as savory snack in
Asia-Pacific and prepared meals in
Middle-East & Africa.
High-potential countries identified for 2018-2023 include
Hong Kong, Indonesia, Brazil, Mexico, Canada, Portugal, Germany, Czech
Republic, Poland and
Egypt. The ten high-potential
countries accounted for a combined value share of 20.6% in 2018.
Hong Kong is expected to witness
the fastest value CAGR of 11.9% among all high-potential countries,
followed by Egypt with 7.9% during
2018-2023. Germany is expected to
remain the leading nation for meat sales in 2023, followed by
Brazil. A total of 50 countries
were analyzed for this study, of which 10 high-potential countries
were identified.
The global meat sector is highly fragmented with the top four
players - Tyson Foods, WH Group , BRF S.A., and Itoham Foods Inc. -
accounting for a combined value share of 5.1% in 2018. Tyson,
Shuanghui, Brasil Foods, and Itoham were the leading brands in
2018. The overall market share for private label products in the
global meat sector stands at 24.2% by value as of 2018, an increase
from 22.9% in 2013. Western Europe
has the highest market share for private label products with 35.6%
of total meat sales in 2018, an increase from 33.3% in 2013. It is
followed by Asia-Pacific with a
market share of 27.1% in 2018.
Hypermarkets & supermarkets is the leading distribution channel
for the global meat sector, with a value share of 61.9% in 2018,
which can be attributed to the developed organized retail market in
major countries, where most of the consumers prefer to buy packaged
and fresh meat products from hypermarkets & supermarkets. As
for packaging formats, Rigid plastics is the most commonly used
pack material in the meat sector and accounted for 57.3% of the
volume share in 2018. It is followed by flexible packaging with a
29.9% share. Tray is the most commonly used pack type, accounting
for 58.4% of the volume share in 2018, while, film is the most
commonly used closure type in the global meat sector.
The report "Opportunities in the Global Meat Sector", brings
together multiple data sources to provide a comprehensive overview
of the global meat sector.
Companies mentioned: Campofrío, Aurora, Oscar Mayer (Smithfield Foods Inc.), Grassland
Xingfa, Martínez Loriente, Shuanghui, Tyson, Wiesenhof, Citterio,
Aia, Butterball, Faragello
Scope
This report brings together multiple data sources to provide a
comprehensive overview of the global meat sector.
It includes analysis on the following -
- Market overview: Provides an overview of current sector scenario
vis-a-vis the future outlook in terms of ingredients, product
claims, labeling and packaging. The analysis also covers regional
overview across five regions - Asia-Pacific, Middle
East & Africa,
Americas, Western Europe, and
Eastern Europe - highlighting
sector size, growth drivers, latest developments, and future
inhibitors for the region.
- Change in consumption: Provides a shift in the consumption of
meat as compared to other major sectors such as prepared meals,
bakery & cereals, savory snacks, and dairy foods during
2013-2023 at global and regional level.
- high-potential countries: Provides risk-reward analysis of top 10
high-potential countries across five regions based on market
assessment, economic development, socio-demographic, governance
indicators, and technological infrastructure.
- Country and regional analysis: Provides deep-dive analysis of 10
high-potential countries covering value growth during 2018-2023,
key challenges, consumer demographics, and key trends. It also
includes regional analysis covering new product launches in the
primary countries and future outlook for the region.
- Health & Wellness analysis: Provides insights on the health
& wellness products in terms of value and percentage share in
the overall meat sector at global and regional level during
2013-2023. The analysis includes key health & wellness
attributes and consumer benefits driving the sales of meat across
the six regions in 2018. It also covers the market share of leading
companies offering meat with health and wellness attributes in the
same year.
- Competitive landscape: Provides an overview of leading brands at
global and regional level, besides analyzing the product profile,
country level presence, market share, and growth of private labels
in each region.
- Key distribution channels: Provides analysis on the leading
distribution channels in the global meat sector in 2018. It covers
four distribution channels: hypermarkets & supermarkets,
convenience stores, food & drinks specialists, cash &
carries and warehouse clubs and others that include,
e-retailers.
- Preferred packaging formats: The report provides percentage share
(in 2018) and growth analysis (during 2013-2023) for various pack
materials, pack type, closure type, and primary outer types based
on the volume sales (by pack units) of meat.
Reasons to buy
- To have a thorough fact based analysis with information about the
global meat sector across the six regions in value terms and the
underlying factors that are driving the sales
- To gain confidence to make the correct business decisions based
on a detailed analysis of the global meat sector and to identify
high potential countries over the next 5 years
- The analysts have placed a significant emphasis on the mega
trends that drive consumer choice and will provide a clear picture
about the future opportunities that can be explored across the
regions, resulting in revenue expansion
- To gain competitive intelligence about leading brands in the meat
sector at global and regional level with information about their
sector share, business descriptions and product profiles.
Read the full report:
https://www.reportlinker.com/p04826928/?utm_source=PRN
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