Recent data from the “Meat Market Size, Competitive Landscape, Regional Analysis, Distribution Channel, Packaging Formats and Forecast, 2016–2026” report has shown the global meat sector is set to hit a high valuation. In 2021, the sector was valued at $1.3 trillion and forecasted to record a CAGR of 4.6 percent over 2021–2026 to reach $1.6 trillion by 2026.
As noted in the release, Asia-Pacific represented the largest region for the meat sector, with a value share of 44.4 percent in 2021, followed by the Americas at 24.7 percent share. Although the Middle East & Africa held the smallest value share (4 percent), it is forecast to record the fastest CAGR (5.6 percent) among all the regions over 2021–2026, followed by the Americas (5.3 percent), and Eastern Europe (5.2 percent).
The report analysis includes key topics such as
Rising global urbanization rate and improving supply chain infrastructure can be the factors that help drive the sector globally. In 2021, the ‘Fresh Meat - Counter’ category had the highest share, continued the release, in terms of both value and volume with 49.2 percent and 61.5 percent, respectively. Meanwhile, ‘Frozen Meat’ is set to be the fastest-growing category recording a value CAGR of 5.1 percent over 2021–2026.
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