The global meat, poultry and seafood industry comprises beef, pork, chicken, turkey, tuna, salmon, shrimp, sardines, prawns and other fishes. The meat, poultry and seafood industry includes companies engaged in animal slaughtering and processing, poultry treating and seafood product preparation & packaging. The companies in industry also package & distribute products through different distribution passagesfor both individual customers and commercial organisations. The seafood is one of the major demands pertaining to rise in demand of healthy protein rich foods. The meat processing companies are adopting robotics and automation technology to maximize production efficiency. Robotic systems automate deboning, cutting, butchering, and monitoring processes in meat production. The decreases cycle times and increases automation enables meat processing companies for improving plant conditions, reducing contamination, and making meat processing much safer for workers as well as consumers.
According to the report “Meat, Poultry And Seafood Global Market Report 2019” Some of the key players JBS S.A., Tyson Foods Inc., WH Group Limited, NH Foods; Danish Crown A/S. Companies have adopted the strategy of merger & acquisition in order to expand business in domestic and global market.
Based on application type, global meat, poultry and seafood packaging can be classified as fresh & frozen, processed and ready to eat food, the ready to eat food is expected to register a significant demand over the forecast period owing to rise in usage of convenient products. Based on type market is segmented to meat products manufacturing, poultry manufacturing, seafood manufacturing. Based on distribution channel supermarkets/hypermarkets, convenience stores, E-Commerce and Others. Based on by nature market is segmented into organic, conventional including pork, mutton, processed beefs and Others Meat Products such as Chicken, Ducks, and Others Poultry products crustaceans, Fish.
Asia Pacific accounts for largest share of three-fourth of global market in terms of the total volume and value further expected to register a fast growth by adding a significant growth rate over the forecast period. Some of the key countries such as India, China, Indonesia, Philippines, and Thailand have registered fast growth in terms of industrial and trade activities. Increase in living standards along with rise in population have further steered the market demand for meat products in the region. Moreover, the consumers are also shifting their preferences towards consuming meat, poultry & seafood products, due to rising awareness towards health and lifestyle. The growing awareness towards new and innovative product recipes coupled with increasing flavoured products is anticipated to steer the demand for meat, poultry & seafood.
The European countries such as UK, Russia, France, Germany and Spain are dominating the European meat, poultry & seafood market. Moreover the demand meat, poultry & Sea food in the region further is expected to increase substantially owing to new products that led introduction and increasing in awareness of healthy products. Shifting consumer diet preferences in countries such as Luxembourg, Netherlands, and Belgium is expected to steer demand for meat and meat products. The growth in the consumer goods and increasing number of retails outlets expected to augment the demand for processed food items and ready-to-eat items. However, inclination towards freshly cooked food and added costs of final product may impact the meat, poultry & seafood packaging market slightly over the forecast period.
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Ankur Gupta, Head Marketing & Communications