Meat Market Worth $1,345.9 Billion by 2029

Meat Market by Product Type (Processed Meat, Fresh Meat), Animal Type (Cattle and Buffalo, Pig, Poultry, Sheep and Goat), by Distribution Channel (Business to Consumer (B2C), Business to Business (B2B) – Global Forecast to 2029

The Meat Market is expected to reach $1,345.9 billion by 2029, at a CAGR of 5.7% during the forecast period 2022 to 2029. In terms of volume, the meat market is expected to reach 374.4 million tons cwe by 2029, at a CAGR of 1.1% during the forecast period of 2022 to 2029. Increasing demand for animal-based food, protein-rich diets, and functional meat products are the key factors driving the growth of the meat market. Moreover, the increasing awareness of organic processed meat products and rising demand for gluten-free products are expected to provide lucrative growth opportunities for the stakeholders in the meat market. However, the carcinogenic effects of processed meat and growing awareness about the benefits of meat alternatives hinder market growth to some extent.