EDIBLE MEAT MARKET INTRODUCTION

Edible meat is any meat that is non-toxic for humans to eat. Edible is discriminated from eatable because it does not mention how an item tastes, only whether it is fit to be eaten. Meat is highly regarded as a complete protein food incorporating all the amino acids required for the human body. The most popular edible meats are pork, beef, and chicken. Parts such as livers, kidneys, hearts, and other sections are excellent sources of vitamins and essential minerals, easily absorbed by the human system.

EDIBLE MEAT MARKET SIZE AND GROWTH

The global edible meat market was valued at $xx billion in 2021 and is expected to reach $xx billion by 2029, growing at a CAGR of around xx% during the forecast period. The global edible meat market growth is mainly attributed to factors such as a rising global population and protein-rich diets, taste preferences, changing lifestyles, and increased consumption of processed poultry and low-fat meats. Quantitatively and qualitatively, meat and other animal foods are better protein sources. The increasing consumption of processed poultry and low-fat meats due to changing dietary priorities, raising living principles, and rapid urban expansion is another major growth factor driving the market. In addition, the large-scale availability of high-end meat snacks and meat-based burgers, hotdogs, sausages and fillets across restaurants and cafes has widened the demand for edible meat. Despite these drivers, stringent regulations and inconsistent standards worldwide, growing competition, and fluctuating raw material prices are some major restraints hampering the market growth. Moreover, increased consumption of protein-rich foods, increased disposable income and advanced technologies offer market growth opportunities during the forecast period.

COVID –19 IMPACT ON EDIBLE MEAT MARKET

In 2020, during the covid-19 pandemic, the global edible market had impacted the edible meat production, processing, consumption and supply chain due to lockdowns and strings taken by various governments. One of the major factors that pretended to be an edible meat market was the restricted transportation laws due to lockdowns. In addition, lack of workforce and practical difficulties in implementing social distancing at manufacturing sites. Limited meat production also impacted the distribution of meat products and the supply chain. The meat producers and processors are also confronted with hindrances and shipment of the products due to lockdown situations and limitations in drifting animals within and across the country.

GLOBAL EDIBLE MEAT MARKET SEGMENTS SHARE

The global edible meat market is segregated on the basis of product type, product form, distribution channel, and geography. Based on product type the market is categorized into beef, mutton(lamb), pork, poultry and other meat. Among these, the poultry segment is estimated to witness the highest CAGR during the forecast period. Due to the wide-ranging yield and processing of chicken, with rising consumption. Poultry meat is a highly biodegradable food, due to its organic compound, the high consumption of poultry products leads to effects obtaining to protect safety, shelf life, and quality. Modern organization and reproduction practices, contact farming, and automation make this poultry segment popular and profitable

Based on product form, the global edible market is categorized into fresh/chilled, frozen/canned and processed. Among these the processed meat segment is estimated to witness the highest CAGR during the forecast period. Due to factors such as ease of use, high availability and shelf life, and increasing demand for ready-to-cook food products owing to busy lifestyles. Consumers are inclined towards taste but not the time commitment of such complex meat preparations such as salami, ham, sausages, bacon and others, which has contributed to the growing marketability of processed meat.

Based on distribution channel, the global meat market is categorized into convenience stores, online channel, supermarkets and hyper markets, and others. Among these, supermarkets and hypermarkets segments are estimated to witness the highest CAGR during the forecast period. Due to factors such as the increasing number of supermarkets and hypermarkets and increased overall product sales from these outlets, consumers choose face-to-face grocers due to easy access and availability. In addition, their availability in variety of packaged appearance and several discount schemes on prices has practically drawn consumers’ attention, which is anticipated to fuel the market growth.

Based on geography, the global edible meat market is categorized into North America, South America, Europe, Asia Pacific and Middle east & Africa. Among these Middle East & Africa regions it is estimated to witness the highest CAGR during the forecast period. Amongst Middle East & African countries, the UAE holds a significant market share in the overall market during the forecast period. Due to increasing awareness regarding protein rich foods, the fast-growing economy, and consumers opting for convenient ready-to-cook meat products.

GLOBAL EDIBLE MEAT MARKET TRENDS

• In February 2022, BRF global accomplished the ISO 37001 anti-bribery management system certification, issued by an independent and non-governmental entity based in Switzerland. The certification is internationally appreciated and intensifies that the company meets technical requirements and has effect policies, thus prompting an ethical and healthy environment.
• In July 2022, Tanmiah food company and Tyson foods entered into a strategic partnership to expand poultry production capacity. The investment will enable the company to access the high demand for protein in the Middle East and the other international

GLOBAL EDIBLE MEAT MARKET RESEARCH REPORT INCLUDE

• An executive summary condenses the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, porter’s five, PESTLE, SWOT analysis and Y-O-Y analysis.
• Regional and global diversity is analyzed with the major countries and the unions scrutinizing the revenue generation on a year-on-year basis.
• Identifying DROC in the current market and their impact in altering the market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
• Expertise investment opportunities by analyst to the individual and organization to have better foothold in the market.
• Identify the latest developments in market shares and strategies that are employed by the major market players such
• Al Ain farms
• Americana foods Inc
• BRF S.A
• Sunbulah group
• Tanmiah food company

Along with these companies, there were many other companies considered/cited in the report while analyzing the edible meat market. These companies hold substantial shares owing to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Another player has considerable presence owing to its robust brand image, geographical reach, and strong customer base.