Red Meat Market to See Massive Growth by 2031

Global red meat market is anticipated to grow at a CAGR of 6.4% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing demand for protein-rich diets, particularly in emerging economies with rising disposable incomes and changing dietary preferences. Red meat, such as beef, pork, and lamb, is a significant source of high-quality protein, essential nutrients, and vitamins, making it a staple food in many cultures globally. Additionally, the growing population, urbanization, and changing lifestyles are driving the demand for convenient and protein-rich food options, including processed red meat products.

Recent Strategy  

  • In October 2023, Tonnies Holding forged a collaborative partnership with the Dekon Group, marking a strategic move to establish modern slaughterhouses and butchery facilities within the Sichuan region of China. This joint venture endeavor entails a substantial investment totaling $530.0 million, with an earmarked allocation of approximately $158.0 million dedicated to the development and operation of a state-of-the-art slaughter and cutting center.
  • In June 2023, retail giant Walmart unveiled its ambitious initiative to construct an independent beef processing facility tailored specifically to produce case-ready meat. Situated in Olathe, Kansas, this facility is poised to cater exclusively to Walmart’s extensive network of stores, ensuring a seamless and efficient supply chain for its discerning clientele

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Market Coverage

  • The market number available for – 2023-2031
  • Base year- 2023
  • Forecast period- 2024-2031

Segment Covered- 

  • By Type
  • By Form
  • By Distribution Channel

Regions Covered-

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- Hormel Foods Corp., NH Foods Ltd., Sysco Corp., WH Group Ltd., and Conagra Brands, Inc., among others.

Red Meat Market Report Segment

By Type

  • Beef
  • Pig
  • Sheep & Goat
  • Venison

By Form

  • Canned
  • Fresh/Chilled
  • Frozen
  • Processed

By Distribution Channel

  • B2B
  • B2C

A full Report of Red Meat Market is Available @  https://www.omrglobal.com/industry-reports/red-meat-market

Red Meat Market Report Segment by Region

North America                                                                                                           

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • Rest of APAC

Rest of the World

  • Latin America
  • Middle East and Africa

Company Profiles

  • Agri Beef Co.
  • American Foods Group LLC
  • BRF Global
  • Cargill, Incorporated.
  • Conagra Brands, Inc.
  • CTI Foods LLC
  • Greater Omaha Packing
  • Irish Country Meats
  • ITOHAM YONEKYU HOLDINGS INC.
  • JBS S.A.
  • Keystone Foods LLC
  • The Kraft Heinz Company
  • Marfrig Global Foods S.A.
  • Minerva S.A.
  • National Beef Packing Company LLC
  • OSI Group LLC
  • Smithfield Foods Inc.
  • Starzen Co. Ltd.
  • The Scottish Goat Meat Co.
  • Tönnies Holding ApS & Co. KG
  • Tyson Foods, Inc.
  • West Liberty Foods LLC
  • WH Group Ltd.

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