Asia Pacific Edible Meat Market Forecast (2024 – 2032)

ASIA PACIFIC EDIBLE MEAT MARKET INTRODUCTION

The description of meat most frequently relates to the edible flesh of an animal. Three main categories of edible meat are red meat, poultry, and seafood. Red meat includes beef, pork, goat, and lamb. The poultry includes chicken, turkey and others. The seafood includes fish, crab, lobster, mussels and others. The benefits of the consumption of edible meat are protein, essential amino acids, omega fatty acids, zinc, iron, and collagen.

ASIA PACIFIC EDIBLE MEAT MARKET SIZE AND GROWTH

The Asia Pacific 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 edible meat market in the Asia Pacific has experienced tremendous growth within the last decade. China’s market is projected to witness stable growth in the Asia-Pacific region over the forecast period. Factors such as increasing urban lifestyles in Asia pacific have emerged in consumers opting for convenient food that does not consume time for cooking or preparation. The rising preferences for ready-to-eat meals stimulate the edible meat market during the forecast period. Moreover, increasing demand for animal-based food, protein-rich diets, and functional meat products are the key factors driving the growth of the meat market. The swift expansion of the e-commerce market in developing countries such as India and Indonesia. And Malaysia offers opportunities for online meat sales in the Asia Pacific region.

COVID –19 IMPACT ON EDIBLE MEAT MARKET

In 2020, during the covid-19 pandemic, the Asia Pacific edible market had impacted the edible meat production, processing, consumption and supply chain due to lockdowns and strings taken by various governments. Because of less production and lockdown restrictions, meat and meat product prices increased. Moreover, in April 2020, meat packing facilities began to close due to the rapid spread of the covid-19 virus among workers in most countries. These circumstances unfavourably influence the meat industry due to decreased meat production.

ASIA PACIFIC EDIBLE MEAT MARKET SEGMENTS SHARE

The Asia Pacific edible meat market is segregated based on 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. The pork segment is estimated to witness the highest CAGR during the forecast period. Pork is a domestic pig’s meat, broadly approved as a primary food across the Asia Pacific region. In addition, it acts as a rich source of selenium, vitamin B, and thiamin, which makes it a popular meal of choice. The growth of the consumer market and the product’s availability through various sales channels make it appropriate for consumers to acquire wrapped pork meat, which drives the market growth during the forecast period.

Based on geography, the Asia pacific edible meat market is categorized into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore, Thailand and others. Amongst Asia Pacifica countries, China holds a significant market share in the overall market during the forecast period. China is a crucial meat-consuming country in the Asia Pacific region. The major companies are publicizing the health benefits of animal proteins, like China, to increase the market’s growth. The rising demand for processed meat is an opportunity for suppliers to increase their market share. In addition, new product launches for 24% share of the total processed meat product transformations affect China, South Korea, and Thailand.

ASIA PACIFIC EDIBLE MEAT MARKET TRENDS

• In June 2021, Tyson Foods Inc, introduced air-fried chicken bites, a protein packed snack with 75% less fat and 35% fewer calories.
• In February 2021, Tyson Foods bought a 49% stake in the Malaysia based Malayan flour mills Bershad’s vertically integrated poultry business to increase the distribution of halal certified poultry to consumers.

ASIA PACIFIC 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
• COFCO Corporation
• Tyson foods Inc
• Vion Group
• Westfleish SCE mbh
• WH group Limited

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.