June 25, 2024

Pork Meat Market Size to Touch USD 411.15 Billion by 2033

The global pork meat market size accounted for  USD 279.90 billion in 2023 and is anticipated to reach around USD 411.15 billion by 2033, growing at a CAGR of 3.92% from 2024 to 2033.

Key Points

  • Asia Pacific was a prominent player in the pork meat market in 2023.
  • North America has been witnessing steady growth in the global market.
  • By type, the frozen segment emerged as the dominant player in the market in 2023.
  • By packaging, the shrink bags segment emerged as the dominant presence in the market in 2023 and is expected to maintain this dominance in the future.
  • By application, the commercial segment asserted dominance in the global market in 2023.

Pork Meat Market Size 2024 to 2033

The global pork meat market encompasses the production, processing, distribution, and consumption of pork products derived from pigs. Pork is a widely consumed meat worldwide and plays a significant role in various cuisines. The market includes fresh pork cuts, processed pork products like sausages and bacon, and other value-added pork items. Factors influencing this market include consumer preferences, dietary trends, production methods, trade regulations, and economic conditions.

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Growth Factors

The growth of the pork meat market is driven by several key factors. Firstly, increasing population and rising disposable incomes in emerging economies are driving higher demand for protein-rich foods like pork. Additionally, changing dietary habits and preferences for pork in various cuisines across different regions contribute to market expansion. Moreover, technological advancements in meat processing and packaging, along with improvements in distribution networks, enhance market growth.

Regionally, Asia Pacific dominates the global pork meat market due to its large population base and traditional preference for pork in several Asian cuisines. China, in particular, is a major consumer and producer of pork. Other regions such as Europe and North America also have significant pork markets driven by demand for processed pork products and high-quality pork cuts.

Pork Meat Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 3.92%
Pork Meat Market Size in 2023 USD 279.90 Billion
Pork Meat Market Size in 2024 USD 290.88 Billion
Pork Meat Market Size by 2033 USD 411.15 Billion
Largest Market Asia Pacific
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Type, By Packaging, and By Application
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

 

Pork Meat Market Dynamics

Drivers

Several drivers fuel the growth of the pork meat market. One key driver is the increasing demand for animal protein as part of a balanced diet, especially in regions experiencing economic development and rising affluence. Pork is considered a relatively affordable and versatile meat compared to other proteins like beef or poultry, making it accessible to a broader consumer base. Moreover, innovations in pork production techniques, including genetics and feed management, contribute to increased pork supply and efficiency.

Opportunities and Challenges

Opportunities in the pork meat market include expanding into new geographical markets where pork consumption is growing, such as certain regions in Africa and Latin America. Additionally, there’s potential for developing new pork-based products to cater to changing consumer preferences, such as healthier or convenience-focused options.

However, the pork meat market also faces challenges. One major challenge is the impact of diseases such as African Swine Fever (ASF) on pig populations, which can disrupt supply chains and affect market stability. Furthermore, concerns about environmental sustainability and animal welfare practices in pork production are growing, leading to increased scrutiny and potential regulatory changes that could impact the industry.

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Pork Meat Market Recent Developments

  • In May 2024, German food tech startup MyriaMeat unveiled a cultivated pork fillet made from 100% pork cells without any scaffolds or plant proteins. Months after emerging from stealth, German startup MyriaMeat has announced the successful development of a cultivated pork fillet made entirely from pig cells.

Pork Meat Market Companies

  • Danish Crown
  • Triumph Foods
  • Yurun Group
  • Vion Food Group Ltd.
  • WH Group
  • Smithfield Foods
  • JBS S.A.
  • Tönnies
  • Tyson Foods Inc.
  • Shuanghui Development

Segments Covered in the Report

By Type

  • Chilled
  • Frozen

By Packaging

  • Store Wrap
  • Modified Atmosphere Packaging
  • Vacuum Packaging
  • Shrink Bags
  • Others

By Application

  • Household
  • Commercial

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

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