Red Meat Market - Forecast(2023 - 2028)

Report Code: FBR 74674 Report Format: PDF + Excel

Red Meat Market Overview

Red Meat market size is forecast to reach $667.3 billion by 2026, growing at a CAGR of 9.4% during the forecast period 2021-2026. Red meat is obtained from farm-raised mammals such as pork, lamb, corned beef, mutton, veal, and goat. Red meat is high in protein, saturated fat, iron, zinc, lipoic acid, and B vitamins. Red meat contains high-quality protein with 20-24 grams of protein per 100 grams. Protein in red meat provides amino acids, which are necessary for bodily development, maintenance, and repair, as well as providing energy. Red meat is preferred over white meat from duck and fowl. The factors driving the market growth include rising consumption of protein-rich meat and a shift in customer preference for red meat due to its superior flavor and texture. People's lifestyles are changing as their disposable income increases is set to further enhance the overall market development of the Red Meat Market for the period 2021-2026.

Red Meat Market Report Coverage

The report: “Red Meat Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Red Meat Market.
By Type: Beef, Veal, Lamb, Pork, Mutton, Others
By Distribution Channel: Supermarkets/Hypermarkets, convenient Stores, Online Retailers, Others
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Takeaways

  • North America dominated the Red Meat Market in 2020 owing to rising disposable income of the people coupled with rising consumption of red meat in this region. The Red Meat Market scope for different regions will be provided in the final report.
  • Increasing demand for protein rich products are likely to aid the market growth of the Red Meat Market report.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Red Meat Market report.
  • Negative health effect of Red Meat and availability of tuna fish is poised to create the hurdles for the Red Meat Market.

Red Meat Market Revenue Share, By Geography, 2020(%)

 
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Red Meat Market Segment Analysis – By Type

Beef held the largest share in the Red Meat Market in 2020 and is estimated to grow at a CAGR 10.2% during the forecast period 2021-2026. Beef is one of the most popular types of meat. It is rich in high-quality protein, vitamins, and minerals. Corned beef is widely consumed beef owing to its nutritional values as it is preserved in brine, chopped and pressed and sold in tins. Corned beef is processed red meat made by bringing brisket in a salt and spice solution to flavor and tenderize it. It helps to improve muscle growth and maintenance also exercise performance. It is rich in iron hence it lowers the risk of anemia. Beef is estimated to register the highest CAGR over the period 2021-2026.

Red Meat Market Segment Analysis – By Distribution Channel

Supermarkets/Hypermarkets held the largest share in the Red Meat Market in 2020 and is estimated to grow at a CAGR of 9.7% during the forecast period 2021-2026. Supermarkets/Hypermarkets are easily accessible and offers a wide range of red meat products. Consumers are more inclined to purchase fresh meats from supermarkets/hypermarkets owing to their conventional tendency and positive perception of cost-effectiveness and a reliable supply of meat. Supermarkets/Hypermarkets offer various discount schemes on bulk buying. Supermarkets/Hypermarkets are estimated to register the higher CAGR over the period 2021-2026.

Red Meat Market Segment Analysis – By Geography

North America dominated the Red Meat Market with a major share of 37.2% in 2020. This is owing to rising disposable income and increased intake of red meat in this region. According to the National Chicken Council of the United States, per capita red meat consumption in the United States in 2018 was 109.5 pounds. The U.S. was largest consumer and producer of beef across the globe in 2018. Furthermore, growing urbanization, hectic lifestyle people prefer processed meat which are contributing to the growth of the market in this region. However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026. The increased demand for processed meats such as sausages and pastrami in this region contributes to the region's growth. China is the world's greatest pork producer and consumer. The growing demand for packaged and processed foods is driving the growth of the market in this area.

Red Meat Market Drivers

Increasing Consumption of Red Meat

Increasing consumption of red meat such as pork, lamb, beef, mutton, veal, and goat is increasing the growth of the Red Meat Market. The demand for corned beef increase as it is convenient food product that is popular among consumers owing to benefits offer by them are long shelf life, and wider availability across the globe. Furthermore, in 2018, world consumed 60.9 million metric tons of beef and U.S. is the largest consumer of beef in the world. Thus, increasing the growth of the Red Meat Market during the forecast period 2021-2026.

Rising Awareness about Nutritional benefits of Red Meat

Growing awareness about nutritional benefit of red meat across the globe is increasing the growth of the Red Meat Market. Red meat is high in protein, vitamins, and minerals. Pork has the greatest protein level, with 29.41 gms of protein per 100gm of meat consumed. Thus, increasing the growth of the Red Meat Market during the forecast period 2021-2026.

Red Meat Market Challenges

Side Effects of Red Meat

Some of the factors that are set to impede the growth of the Red Meat Market are over consumption of red meat that increases the incidences of heart disease, colorectal cancer, and type 2 diabetes. Strong competition from white meat products primarily poultry and tuna fish as well as availability of plant based meat products also set to hinder the growth of the market.

Red Meat Market Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Red Meat Market. In 2020, the Red Meat Market share is consolidated by the top ten players present in the market. The Red Meat Market, top 10 companies are Tyson Foods Inc., W.H. Group, Cargill, BRF SA, Tonnies Group, SYSYCO Corp., Smithfield foods Inc., Kraft Heinz Company, Laboon Food Production Co. and Americana Foods Inc.

Relevant Titles

Report Code: FBR 0062

Report Code: FBR 0134

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1. Red Meat Market - Overview
    1.1 Definitions and Scope
2. Red Meat Market - Executive Summary
    2.1 Market Revenue and Key Trends
    2.2 Key trends by Type
    2.3 Key trends by Distribution Channel
    2.4 Key trends by Geography
3. Red Meat Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis –
    3.5 Pricing Analysis
4. Red Meat Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Red Meat Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Red Meat Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Red Meat Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Red Meat Market - By Type(Market Size –$Million/$Billion)
    8.1 Beef
    8.2 Veal
    8.3 Lamb
    8.4 Pork
    8.5 Mutton
    8.6 Others
9. Red Meat Market - By Distribution Channel (Market Size –$Million/$Billion)
    9.1 Supermarkets/Hypermarkets
    9.2 Convenient Stores
    9.3 Online Retailers
    9.4 Others
10. Red Meat Market - By Geography(Market Size –$Million/$Billion
    10.1 North America
        10.1.1 U.S.
        10.1.2 Mexico
        10.1.3 Canada
    10.2 Europe
        10.2.1 U.K.
        10.2.2 France
        10.2.3 Germany
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia Pacific
        10.3.1 China
        10.3.2 India
        10.3.3 Japan
        10.3.4 South Korea
        10.3.5 Australia & New Zealand
        10.3.6 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Others
    10.5 Rest of the World
        10.5.1 Middle East
        10.5.2 Africa
11. Red Meat Market - Entropy
12. Red Meat Market – Industry/Segment Competition Landscape Premium
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Competition Matrix
        12.1.5 Best Practices for Companies
13. Red Meat Market – Key Company List by Country Premium Premium
14. Red Meat Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Market Segmentation Market 2019-2024 ($M)
1.1 By Meat Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Beef Market 2019-2024 ($M)
1.1.2 Pork Market 2019-2024 ($M)
1.1.3 Mutton Market 2019-2024 ($M)
1.2 By Storage Market 2019-2024 ($M) - Global Industry Research
1.2.1 Chilled Market 2019-2024 ($M)
1.2.2 Frozen Market 2019-2024 ($M)
1.2.3 Shelf Stable Market 2019-2024 ($M)
1.3 By Distribution Channel Market 2019-2024 ($M) - Global Industry Research
1.3.1 HoReCa Market 2019-2024 ($M)
1.3.2 Supermarket/Hypermarket Market 2019-2024 ($M)
1.3.3 Slaughterhouse Retailers Market 2019-2024 ($M)
1.3.4 Online Retail Market 2019-2024 ($M)
2.Global Market Segmentation Market 2019-2024 (Volume/Units)
2.1 By Meat Type Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Beef Market 2019-2024 (Volume/Units)
2.1.2 Pork Market 2019-2024 (Volume/Units)
2.1.3 Mutton Market 2019-2024 (Volume/Units)
2.2 By Storage Market 2019-2024 (Volume/Units) - Global Industry Research
2.2.1 Chilled Market 2019-2024 (Volume/Units)
2.2.2 Frozen Market 2019-2024 (Volume/Units)
2.2.3 Shelf Stable Market 2019-2024 (Volume/Units)
2.3 By Distribution Channel Market 2019-2024 (Volume/Units) - Global Industry Research
2.3.1 HoReCa Market 2019-2024 (Volume/Units)
2.3.2 Supermarket/Hypermarket Market 2019-2024 (Volume/Units)
2.3.3 Slaughterhouse Retailers Market 2019-2024 (Volume/Units)
2.3.4 Online Retail Market 2019-2024 (Volume/Units)
3.North America Market Segmentation Market 2019-2024 ($M)
3.1 By Meat Type Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Beef Market 2019-2024 ($M)
3.1.2 Pork Market 2019-2024 ($M)
3.1.3 Mutton Market 2019-2024 ($M)
3.2 By Storage Market 2019-2024 ($M) - Regional Industry Research
3.2.1 Chilled Market 2019-2024 ($M)
3.2.2 Frozen Market 2019-2024 ($M)
3.2.3 Shelf Stable Market 2019-2024 ($M)
3.3 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
3.3.1 HoReCa Market 2019-2024 ($M)
3.3.2 Supermarket/Hypermarket Market 2019-2024 ($M)
3.3.3 Slaughterhouse Retailers Market 2019-2024 ($M)
3.3.4 Online Retail Market 2019-2024 ($M)
4.South America Market Segmentation Market 2019-2024 ($M)
4.1 By Meat Type Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Beef Market 2019-2024 ($M)
4.1.2 Pork Market 2019-2024 ($M)
4.1.3 Mutton Market 2019-2024 ($M)
4.2 By Storage Market 2019-2024 ($M) - Regional Industry Research
4.2.1 Chilled Market 2019-2024 ($M)
4.2.2 Frozen Market 2019-2024 ($M)
4.2.3 Shelf Stable Market 2019-2024 ($M)
4.3 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
4.3.1 HoReCa Market 2019-2024 ($M)
4.3.2 Supermarket/Hypermarket Market 2019-2024 ($M)
4.3.3 Slaughterhouse Retailers Market 2019-2024 ($M)
4.3.4 Online Retail Market 2019-2024 ($M)
5.Europe Market Segmentation Market 2019-2024 ($M)
5.1 By Meat Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Beef Market 2019-2024 ($M)
5.1.2 Pork Market 2019-2024 ($M)
5.1.3 Mutton Market 2019-2024 ($M)
5.2 By Storage Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Chilled Market 2019-2024 ($M)
5.2.2 Frozen Market 2019-2024 ($M)
5.2.3 Shelf Stable Market 2019-2024 ($M)
5.3 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
5.3.1 HoReCa Market 2019-2024 ($M)
5.3.2 Supermarket/Hypermarket Market 2019-2024 ($M)
5.3.3 Slaughterhouse Retailers Market 2019-2024 ($M)
5.3.4 Online Retail Market 2019-2024 ($M)
6.APAC Market Segmentation Market 2019-2024 ($M)
6.1 By Meat Type Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Beef Market 2019-2024 ($M)
6.1.2 Pork Market 2019-2024 ($M)
6.1.3 Mutton Market 2019-2024 ($M)
6.2 By Storage Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Chilled Market 2019-2024 ($M)
6.2.2 Frozen Market 2019-2024 ($M)
6.2.3 Shelf Stable Market 2019-2024 ($M)
6.3 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
6.3.1 HoReCa Market 2019-2024 ($M)
6.3.2 Supermarket/Hypermarket Market 2019-2024 ($M)
6.3.3 Slaughterhouse Retailers Market 2019-2024 ($M)
6.3.4 Online Retail Market 2019-2024 ($M)
7.MENA Market Segmentation Market 2019-2024 ($M)
7.1 By Meat Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Beef Market 2019-2024 ($M)
7.1.2 Pork Market 2019-2024 ($M)
7.1.3 Mutton Market 2019-2024 ($M)
7.2 By Storage Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Chilled Market 2019-2024 ($M)
7.2.2 Frozen Market 2019-2024 ($M)
7.2.3 Shelf Stable Market 2019-2024 ($M)
7.3 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
7.3.1 HoReCa Market 2019-2024 ($M)
7.3.2 Supermarket/Hypermarket Market 2019-2024 ($M)
7.3.3 Slaughterhouse Retailers Market 2019-2024 ($M)
7.3.4 Online Retail Market 2019-2024 ($M)

LIST OF FIGURES

1.US Red Meat Market Revenue, 2019-2024 ($M)
2.Canada Red Meat Market Revenue, 2019-2024 ($M)
3.Mexico Red Meat Market Revenue, 2019-2024 ($M)
4.Brazil Red Meat Market Revenue, 2019-2024 ($M)
5.Argentina Red Meat Market Revenue, 2019-2024 ($M)
6.Peru Red Meat Market Revenue, 2019-2024 ($M)
7.Colombia Red Meat Market Revenue, 2019-2024 ($M)
8.Chile Red Meat Market Revenue, 2019-2024 ($M)
9.Rest of South America Red Meat Market Revenue, 2019-2024 ($M)
10.UK Red Meat Market Revenue, 2019-2024 ($M)
11.Germany Red Meat Market Revenue, 2019-2024 ($M)
12.France Red Meat Market Revenue, 2019-2024 ($M)
13.Italy Red Meat Market Revenue, 2019-2024 ($M)
14.Spain Red Meat Market Revenue, 2019-2024 ($M)
15.Rest of Europe Red Meat Market Revenue, 2019-2024 ($M)
16.China Red Meat Market Revenue, 2019-2024 ($M)
17.India Red Meat Market Revenue, 2019-2024 ($M)
18.Japan Red Meat Market Revenue, 2019-2024 ($M)
19.South Korea Red Meat Market Revenue, 2019-2024 ($M)
20.South Africa Red Meat Market Revenue, 2019-2024 ($M)
21.North America Red Meat By Application
22.South America Red Meat By Application
23.Europe Red Meat By Application
24.APAC Red Meat By Application
25.MENA Red Meat By Application