Page 5 - FoodFocusThailand No.208 JULY 2023

27 OCTOBER 2023

@ Jupiter Room, Challenger Hall, IMPACT

MEAT & POULTRY:

Rising Global Consumption

The consumption of meat and poultry across the globe has been dramatically increased, leading to the growth of the
meat and poultry market. Pork meat is expected to count for a major market share, while poultry is the fastest-growing meat
and is forecasted to take nearly 50% of the global meat market by 2031. Asia Pacific is anticipated to witness significant
global meat and poultry growth. The changing lifestyles have triggered grab-and-go eating. Ready-to-eat meat and poultry
products are then becoming popular. This can happen with research, new product development, and technology innovation.

HIGHLIGHTS
The global meat, poultry,
The Right Trend and seafood market size was valued at
• Growth opportunity and challenge of animal protein USD 1,277.1 billion in 2021
• Product innovation and is expected
to register a compound annual
growth rate (CAGR) of 2.5%
The Right Solution from 2022 to 2030.
• Automated production process
• Processing and packaging innovation
Source: Grand View Research

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