Global Meat Market 2019-2023

About this market
Growing prominence of private label brands to drive market growth. Private label products are manufactured and sold by retailers. Major retailers across the globe are introducing their own brands of meat products to capitalize on the growing demand for meat products among consumers. Private label processed meat products are becoming popular among consumers as they are affordable and ready to cook. analysts have predicted that the meat market will register a CAGR of nearly 4% by 2023.
Market Overview
New product launches
New product launches by regional and international players contribute to the growth of the global meat market. Manufacturers of meat products are adopting innovative and distributive strategies to increase the market size of these products. Successful new product launches are expected to accelerate the growth of vendors in the global meat market.
Product recalls
One of the major challenges for the growth of the market is the increasing number of product recalls. Manufacturers can issue product recalls due to factors such as product contamination and incorrect labeling. Product recalls negatively affect the market as consumers lose confidence in products and brands. Product recalls can affect the image of players and result in additional financial liability in the form of compensation for settling various legal litigations filed against them.
For the detailed list of factors that will drive and challenge the growth of the meat market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Tyson Foods and WH Group the competitive environment is quite intense. Factors such as the growing prominence of private label brands and the new product launches, will provide considerable growth opportunities to meat manufactures. BRF, Hormel Foods, JBS, NH Foods, Tyson Foods, and WH Group are some of the major companies covered in this report.