Global Pork Meat Market 2017-2021
About Pork Meat
Pork meat is the culinary name for meat produced from pigs. It is the most consumed meat globally. Pork meat is available as fresh meat and processed meat. Some of the examples of processed pork meat include ham, smoked pork, gammon, bacon, and sausage. Global pork meat market report contains segmentation based on product, distribution channel and also include geographic segmentation of the market.
Technavio’s analysts forecast the global pork meat market to grow at a CAGR of 2.41% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global pork meat market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pork Meat Market 2017-2021
Technavio recognizes the following companies as the key players in the global pork meat market: China Yurun Food Group, Danish Crown, JBS, Tyson Foods, and WH Group.
Other Prominent Vendors in the market are: BRF, Bridgford Foods Corporation, Coca Foods, Craig Mostyn Group, Dawn Meats, Golden Valley Natural, KEPAK, Monogram Food Solutions, SUPERVALU, Tönnies Lebensmittel, True Story Foods, and VION Food Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is new pork processing technology. One of the trends that can positively influence the growth of global pork meat market is the increasing adoption of new technologies by various market players for the processing of pork meat. This is being done to develop better quality meat products.”
According to the report, one driver in the market is new product launches. Another growth driver for this market is the increasing number of new product launches of pork meat by many major players. This is being done to counter the rising demand for pork meat from consumers. Successful product launches of new products will help players increase their revenue share and consolidate their position in the market. Such launches also give a platform for players to differentiate themselves from their market adversaries.
Further, the report states that one challenge in the market is fluctuating price of pork meat. Another challenge to the growth of the market is the increasing global vegan population, especially in countries: the US; Australia; Germany; India; and others. Vegans do not consume any product obtained from animals. Veganism is one of the fastest-growing lifestyle and diet movements. The number of vegans in the UK has increased by more than 300% during the past ten years. There is an increasing popularity of veganism among the young population.
China Yurun Food Group, Danish Crown, JBS, Tyson Foods, WH Group, BRF, Bridgford Foods Corporation, Coca Foods, Craig Mostyn Group, Dawn Meats, Golden Valley Natural, KEPAK, Monogram Food Solutions, SUPERVALU, Tönnies Lebensmittel, True Story Foods, and VION Food Group.