Market Size of Pork Meat Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 399.84 Billion |
| Market Size (2029) | USD 435.66 Billion |
| CAGR (2024 - 2029) | 1.73 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
Major Players.webp "Pork Meat Market Major Players"){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Pork Meat Market Analysis
The Pork Meat Market size is estimated at USD 399.84 billion in 2024, and is expected to reach USD 435.66 billion by 2029, growing at a CAGR of 1.73% during the forecast period (2024-2029).
- With constantly changing food consumption and eating habits of consumers, demand for convenient and processed food is on the rise. In many regions, consumer demand for pork meat is also increasing, owing to its nutritional benefits such as high protein content, vitamins, and satiety. Fitness enthusiasts and sports athletes often consume pork meat products to build muscles. According to data from the Ministry of Agriculture, Forestry, and Fisheries in Japan in 2021, the per capita volume of consumption of pork meat products was 13.2 kg.
- Furthermore, the demand for pork meat in food service restaurants, cafes, and franchise outlets is increasing due to the consumer trend of eating out and on-the-go food. In addition, tourism in many regions, such as Europe, Asia-Pacific, and North America, is also increasing, leading to an increase in demand for pork meat products. According to the United States Department of Commerce (USDoC) - International Trade Administration (ITA), approximately 22.1 million international visitors arrived in the United States in 2021.
- Although pork meat products are popular in many regions, the market growth may be restricted by the increasing consumption of plant-based products and religious beliefs. Nevertheless, market players have launched new meat products to meet the increasing demand. For instance, in October 2021, Woolworths Supermarkets announced a retailer first for pork in the Australian market. A new range of dry-aged pork products will be featured in stores and online across New South Wales, Victoria, and South Australia. Dry-aged pork offers a full, rich flavor with exceptional tenderness. The dry aging method naturally tenderizes the pork, locking in moisture and enhancing the flavor. The extraordinary combination of flavor and tenderness makes dry-aged pork steaks ideal in a variety of dishes.
Pork Meat Industry Segmentation
Pork is the culinary name for the meat of the pig. It is the most commonly consumed meat worldwide. Pork is eaten both freshly cooked and preserved; curing extends the shelf life of pork products. Ham, gammon, bacon, and sausage are examples of preserved pork.
The pork meat market is segmented by product form, distribution channel, and geography. Based on meat form, the market is segmented into fresh/chilled, frozen, and canned/preserved. Based on distribution channels, the market is segmented into hypermarkets/ supermarkets, convenience stores, specialty stores, online retailing, and other distribution channels. Based on geography, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
The market sizing has been done in value terms in USD for all the abovementioned segments.
| Meat Form | |
| Fresh/Chilled | |
| Frozen | |
| Canned/Preserved |
| Distribution Channel | |
| Hypermarket/Supermarket | |
| Convenience Stores | |
| Specialty Stores | |
| Online Retailing | |
| Other Distribution Channels |
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Pork Meat Market Size Summary
The pork meat market is experiencing a steady growth trajectory, driven by evolving consumer preferences and dietary trends. The increasing demand for convenient and processed food, coupled with the nutritional benefits of pork, such as high protein content and essential vitamins, is fueling market expansion. This trend is particularly evident among fitness enthusiasts and athletes who incorporate pork products into their diets for muscle building. The rise in dining out and on-the-go food consumption, especially in regions like Europe, Asia-Pacific, and North America, is further boosting the demand for pork in food service establishments. However, the market faces challenges from the growing popularity of plant-based diets and religious dietary restrictions, which could potentially limit its growth. Despite these challenges, innovative product offerings, such as dry-aged pork, are being introduced to cater to consumer preferences for enhanced flavor and tenderness.
The global pork meat market is highly competitive, with major players like JBS SA, Tyson Foods Inc, Hormel Foods LLC, Conagra Brands Inc., and Vion Food Group leading the charge. These companies are actively expanding their market presence through strategic initiatives such as product innovation, mergers and acquisitions, and partnerships. The focus on research and development is paramount, as companies strive to introduce new and innovative pork products to maintain a competitive edge. The Asia-Pacific region, particularly China and Japan, remains a significant market due to high consumption rates and rising disposable incomes. The increasing demand for processed pork products, driven by busy lifestyles and the tourism industry's growth, presents further opportunities for market players. Overall, the pork meat market is dynamic, with companies continuously adapting to changing consumer demands and market trends to capture a larger share of the market.
Pork Meat Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Meat Form
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2.1.1 Fresh/Chilled
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2.1.2 Frozen
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2.1.3 Canned/Preserved
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2.2 Distribution Channel
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2.2.1 Hypermarket/Supermarket
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2.2.2 Convenience Stores
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2.2.3 Specialty Stores
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2.2.4 Online Retailing
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2.2.5 Other Distribution Channels
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Italy
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2.3.2.6 Spain
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2.3.2.7 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 Australia
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2.3.3.4 Vietnam
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2.3.3.5 India
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2.3.3.6 Rest of Asia Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East and Africa
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Pork Meat Market Size FAQs
How big is the Pork Meat Market?
The Pork Meat Market size is expected to reach USD 399.84 billion in 2024 and grow at a CAGR of 1.73% to reach USD 435.66 billion by 2029.
What is the current Pork Meat Market size?
In 2024, the Pork Meat Market size is expected to reach USD 399.84 billion.
