GLOBAL EDIBLE MEAT MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 The market for edible meat worldwide is anticipated to grow at a CAGR of 1.57%. The consumption of pork, which had the highest growth rate in terms of value in the base year 2021 and is also expected to have a CAGR of 2.29% during the forecast period, is what drives the global edible meat market. With a market share of 70.3% by value in 2021, the Asia Pacific region will continue to dominate pork consumption. In Asian nations, pork is regarded as a basic food, and people typically prefer fresh pork to frozen and processed pork. Future demand for fresh pork is projected to be further boosted by the significant catering industries in China, Japan, and Australia.

Additionally, from 218 to 2021, there was a sharp rise in poultry consumption worldwide, with a growth rate of 18%. The demand for poultry is being driven by the shift in worldwide consumer consumption habits towards wholesome foods. With a share of 20% in terms of value in 2021, North America will rank as the second-largest consumer of poultry. The consumption habits of US consumers have changed, with 28% of them focusing in 2021 on selecting meat that is nourishing and healthy.

Major Players: BRF S.A., Cargill, Inc, Sysco Corporation, Tyson Foods, Inc. and WH Group Limited 


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