Dublin, Oct. 27, 2022 (GLOBE NEWSWIRE) — The “Meat, Poultry & Seafood Market Size, Share and Trends Analysis Report by Product (Meat, Poultry), by Type (Conventional, Organic), by Shape (Fresh, Frozen), by Distribution Channel, by Region, and Segment Forecasts, 2022 -2030” Report has been added ResearchAndMarkets.com Offer.
According to this report, the global meat, poultry and seafood market is expected to reach US$1,601.2 billion by 2030 at a CAGR of 2.5%. Growing meat consumption in countries like the US, UK, India and China is expected to eventually help improve the supply of meat, poultry and seafood products. Growing consumer awareness and preferences for high quality meat attributes are expected to drive the global meat industry.
The preference for high-quality meat has led to a growing demand for organic products in the meat, poultry and seafood segments. Companies operating in the market have addressed such demands and launched organic meat products to attract consumers’ attention. For example, in June 2021, Raise American launched a 100% American, 100% grass-fed, organic beef and flexitarian line of products. The brand’s product line includes fresh steaks, ground beef, meatballs, mixed patties, seasoned and pre-cooked entrees and sausages.
Existing companies in this market are increasingly launching new products in different categories to meet the new demands. The frozen form category is lately forecast to be the fastest growing category during the forecast period. Manufacturers bring a wide range of products to the market in the frozen segment. For example, Avanti Frozen Foods Pvt. ltd announced the expansion of some products in different sizes of frozen, cooked, peeled and shrimp sold in different unit sizes in India.
Supermarkets and hypermarkets distribution channel segment accounted for the largest share in 2021 and is expected to retain the dominance over the forecast period. The increasing demand…
