Asia-Pacific Dominates Meat Market Globally, States GlobalData in Its Discounted Report Published at MarketPublishers.com21 Feb 2017 • by Natalie Aster
LONDON – The worldwide meat market witnessed a negative CAGR of -1.3% by value from 2010 to 2015, owing to decreasing sales in the majority of the regions. Eastern Europe and Latin America were badly hit owing to high inflation rates and economic instability across these regions.
Meantime, anticipated recovery in the economic situation in tandem with a surge in meat consumption worldwide is projected to push up the global sales at a 1.8% CAGR through to 2020. Still, stricter laws and regulations and growing health related concerns are amid the key market growth challenges.
The APAC region, led by Australia and China, is the world’s leading market, with a share of just under 31% in value terms in 2015, with North America following after with just under 27% share. The APAC meat product market also registers the fastest growth at a 3.1% CAGR from 2010 to 2015, fuelled by the increasing middle class and expanding population in the region.
The global meat industry is extremely fragmented with the top 5 brands capturing just under 8% of the total market share.
Supermarkets and hypermarkets represent the main distribution channel in the meat market globally.
Discounted research report “Global Meat Report” created by GlobalData provides all-encompassing information, reliable market data and deep insights on the market.
It presents market volume and value data with and analysis of growth trajectory for 2010-2020; analysis of the value and growth rate for the main market categories with data on the market shares, current and projected, of individual segments within each category. The study reviews market shares and growth of private labels and brands; offers granular distribution figures and packaging data consumption split for packaging materials and containers within each of the categories The report casts light on the 4 major consumer trends which impact the consumption of meat products. It also speculates on how the marketplace is forecast to evolve in the offing.
More discounted and in-demand reports by the publisher can be found at GlobalData page.