ASIA-PACIFIC RED MEAT MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 The CAGR for the Asia-Pacific Red Meat Market is anticipated to be 2.17%. Pork meat, which retained a 32.10% larger market share than chicken meat, the second-largest meat type consumed in 2021, throughout the study period, dominated the Asia-Pacific red meat regional market segment. During the projected period (2022-2028), it is also anticipated to expand the fastest, with a CAGR of 2.88%. Its rising production rate can be used as a major justification for this. With a share of 46.8% by value in 2021, it was the meat kind that was produced the most in the area, and it is projected that it will be the meat type that is produced the most over the projection period.

The top three countries in the region for per capita pork consumption are China, Australia, and Japan. Pork is a meat that is traditionally associated with Chinese culture and is viewed as being healthful. Pork production in China, which was over 55 million metric tonnes in 2021, was also the highest.

Mutton is expected to experience the strongest rate of growth in terms of consumption in the region, outpacing pig and other meats by a CAGR of 1.35% from 2022 to 2028. Mutton is in greater demand as a result of consumer desire for grass-fed meat, which has a smaller carbon footprint and is more sustainable. The majority of consumers purchase their mutton through the foodservice sector. However, the pandemic forced many locals to cook mutton in their homes. 

Major Players: argill Incorporated, COFCO Corporation, NH Foods Ltd, Tyson Foods Inc. and WH Group Limited

Comments

Post a Comment

Popular posts from this blog

Shipping Containers Market Projected to Reach USD 12.77 Billion by 2030, Driven by E-commerce Growth and Cold-Chain Expansion

  Introduction   The global shipping containers market is experiencing steady growth, with projections indicating an increase from USD 10.27 billion in 2025 to USD 12.77 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.46%. According to Mordor Intelligence Shipping Containers Market Report , this expansion is primarily fueled by the surge in e-commerce activities, the need for efficient cold-chain solutions, and advancements in intermodal transportation.   Key Trends   E-commerce Fulfillment   The rapid growth of e-commerce has significantly impacted on the shipping containers market. The demand for faster and more efficient delivery systems has led to increased use of standardized containers, particularly 40-foot units, which accounted for 52.64% of the market share in 2024.   Cold-Chain Expansion   The pharmaceutical and food industries' need for temperature-controlled transportation has driven the demand for refrigerated c...
Read more

DATA CENTER POWER MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

  The IT industry requires on-premise private data storage and hyper-scale data centres for its operations, depending on the size of the organization. Additionally, the adoption of cloud storage has increased over the years due to growth among SaaS providers, enabling cloud storage providers to expand their capacities. Hence, the increasing data load requires more power. This creates a requirement for efficient power solutions in IT applications. According to the Data Center Survey recently published by Vertiv, 98% of the participants voted for IT utilization to be above 20% by 2025. This indicates that IT companies are focusing on deploying an efficient power source for their data centres and increasing their utilization rate. Cloud storage providers, like AWS, Microsoft, and Google, are expanding their storage capabilities to offer more efficient workflows in the cloud. These companies are making investments in hyperscale deals. For instance, in June last year, Amazon Web Service...
Read more

Second Hand Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The Off-the-Shelf Second Hand Furniture Market is segmented into the distribution channel, which is further segmented into online and offline, out of which the offline segment, with a larger market share in 2021, is anticipated to have the largest share during the forecast period. However, with the rise of an increasing number of smartphone users and increasing penetration of internet users, the market share for the online segment is expected to grow at a higher rate over the forecast period. The Asia Pacific is expected to account for a larger share in terms of revenue during the forecast period. The increasing size of the online marketplace for second-hand goods is anticipated to drive the growth of the Asia Pacific regional market.  The Off-The-Shelf Second Hand Furniture Market size is estimated at USD 21.30 billion in 2023, and is expected to reach USD 29.28 billion by 2028, growing at a CAGR of 6.57% during the forecast period (2023-2028). The market is increasi...
Read more