Ground Meat Market Size, Share, Growth, and Industry Analysis, By Type (Ground Beef, Ground Pork and Ground Chicken), By Application (Home and Commercial) and Regional Forecast to 2032

Ground Meat Market MARKET REPORT OVERVIEW

The global Ground Meat Market expanded rapidly XX in 2023 and the market is projected to grow substantially XX by 2032, exhibiting a prodigious CAGR XX during the forecast period.

There are situations when ground meat and minced meat are used interchangeably. However, they highlight two methods for handling raw meat minced meat is just finely chopped skeletal muscle flesh, while ground meat is an amalgamation of minced meat and fat. You can use ground meat on its own or in combination with other ingredients in a broad range of recipes. It could be shaped like meatballs. It can also be stuffed or used as a filler for meat pies.

The entire meat industry's need for animal feed is rising due to the restricted amount of water and land available for the production of animal feed and the growing consumption of these materials for food. Factors influencing consumer preferences in various nations, it is anticipated that patterns of meat consumption will stay drastically diverse around the globe. Growth in the market is anticipated to be fueled by government laws that encourage the adoption of innovative solutions and by rising R&D spending. As they continue to use Ground Meat technology to boost industrial efficiency, emerging economies are expected to be crucial to this increasing trend. The Ground MeatMarket has grown as a result of this aspect.

COVID-19 Impact: Market Growth Obstructed by Pandemic due to Lockdown

The World-wide COVID-19 outbreak has been unparalelled and astonishing, with the market getting an exposure higher-than-predicted demand across all regions contrast to pre-pandemic levels. The drastic  market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Immediate repercussions of the COVID-19 pandemic include adjustments to rules, demand, research and development procedures, and the adoption of telemedicine and telecommunication. As a result of the COVID-19 pandemic, the pharmaceutical industry may experience a halt in growth, delays in regulatory approvals, a shift in the pharmaceutical supply chain toward self-sufficiency, changes in consumer trends for health-market items, and moral quandaries.

LATEST TRENDS

"Increasing Demand Market Growth"

The WHO projects that yearly beef output will rise to metric tons as a result of consumers' increasing demand for foods high in protein, which is mostly being driven by increased health consciousness worldwide. Global use of animal protein has risen dramatically as a result of rising consumer demand for high-protein, low-fat diets. Over the course of the forecast period, it is anticipated that the global consumption of chicken meat will rise to metric tons, making up about half of the extra meat consumed. A number of variables, such as shifting dietary options, health concerns, and financial circumstances, have an impact on market dynamics. 

MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Ground Beef, Ground Pork and Ground Chicken amongst which the leading segment is the  Ground Beef.

• Ground Beef: The Ground beef is one of the of the ground meat market.
• Ground Pork: Ground pork is also one of the type of ground meat.
• Ground Chicken: Ground chicken is one type of the ground meat.

By Application

Based on application the global market can be categorized into Home and Commercial amongst which the leading segment is the Home .

• Home: One of the leading applications of the ground meat market
• Commercial: The Ground Meat is used for commercial purposes.

DRIVING FACTORS

"Healthy life to Boost the Market"

The need for protein is growing along with the global population. One important source of this vital nutrient that is necessary to maintain a healthy and well-balanced weight loss strategy is ground meat. Floor Meat is adaptable and easily accessible, making it suitable for a wide range of culinary preferences as well as dietary and cultural norms. Whether used in classic recipes or modern cuisines, its high protein content is still crucial for supporting normal physical characteristics, muscle growth, and tissue healing. The demand for high-protein foods, such as ground meat, is anticipated to continue and potentially increase as dietary tastes and health consciousness grow, requiring sustainable ways to meet the dietary requirements of an expanding population.

"Easy Accessibility to Expand the Market"

With the world's population growing at an accelerated rate, there is a growing trend for convenient meal options that cater to the demands of contemporary urban living. This development greatly benefits the floor meat industry by offering a quick and flexible source of protein that suits modern consumer tastes. Because ground beef is so versatile, it can be easily added to a wide range of quick and healthy meals, which is ideal for working urbanites looking for quick yet wholesome dinner options. Its ease of use and accessibility make it a favorite among busy people, whether it is used in hamburgers, meatballs, or stir-fries. The floor meat industry is expected to grow as a mainstay of practical and affordable culinary options in busy metropolitan settings as urbanization picks up speed.

RESTRAINING FACTOR

"Health Concerns to Impede Market Growth"

Red meat consumption-related health concerns, along with the potential for increased risks of heart disease and most types of cancer, are leading an increasing number of consumers to choose ground turkey or chicken over ground beef. Often containing lower ranges of calories and saturated fats than their hog counterparts, these slimmer chicken choices are considered as healthier options. And eating turkey or ground fowl is in line with dietary guidelines that emphasize limiting beef consumption to enhance cardiovascular health and prevent cancer. Customers are being proactive in balancing health concerns with their gastronomic options, as evidenced by the ground meat market's excellent transition toward hen-based alternatives as awareness of those health risks grows and dietary choices change.

REGIONAL INSIGHTS

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Dominating the Market due to Numerous Market Share"

Value-added sales of processed meat rose overall in North America. Due to their hectic lifestyles, customers around the region are showing an increased need for beef that is ready to eat or cook. The North American processed meat market is expanding due to aspects like meat that has a long shelf life and is processed and stored hygienically. A major factor fueling the processed meat market's expansion in the US is its widespread accessibility in convenience stores, supermarkets, department stores, and vending machines.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive"

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Greater Omaha Packing (U.S.)
• JBS USA Holdings Inc (U.S.)
• Tyson Foods Inc (U.S.)
• Cargill Meat Solutions Corp (U.S.)
• West Liberty Foods LLC  (U.S.)

INDUSTRIAL DEVELOPMENT

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REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.