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
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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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