Harrisburg, NC -- (SBWire) -- 10/30/2020 --The Market Insights Reports has added a new statistical market report to its repository titled as, Meat, Poultry And Seafood Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The report also presents forecasts for Meat, Poultry And Seafood investments from 2020 to 2023.
The global meat, poultry and seafood market is expected to grow from $1416.9 billion in 2019 to $1466 billion in 2020 at a compound annual growth rate (CAGR) of 3.5%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $1844.6 billion in 2023.
Top Leading Companies of Global Meat, Poultry And Seafood Market are JBS S.A; Tyson Foods Inc; WH Group Limited; NH Foods; Danish Crown A/S and others.
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Asia Pacific was the largest region in the global meat, poultry and seafood market, accounting for 45% of the market in 2019. Western Europe was the second largest region accounting for 22% of the global meat, poultry and seafood market. Africa was the smallest region in the global meat, poultry and seafood market.
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. This decreases cycle times and increases throughput. Automation enables meat processing companies to improve plant conditions, reduce contamination, and makes meat processing safer for workers as well as consumers. Robots can help manufacturers in transferring a wide range of meat and sausages from conveyor belts to trays at a rate of up to 240 cycles per minute. Plants with fixed automation systems increase yields by at least 2-3% over workers.
The meat, poultry and seafood market consist of sales of meat, poultry and seafood by entities (organizations, sole traders and partnerships) that produce and process meat, poultry and seafood. The meat, poultry and seafood industry include establishments engaged in animal slaughtering and processing, poultry processing and seafood product preparation and packaging. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments.
Markets Covered:
1) By Type: Meat Products Manufacturing; Poultry Manufacturing; Seafood Manufacturing
2) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Others
3) By Nature: Organic; Conventional
Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Meat, Poultry And Seafood Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
Geographically, this report is segmented into several key Regions, with sales, revenue, Market Share (%) and Growth Rate (%) of Meat, Poultry And Seafood in these regions, from 2015 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Furthermore, the report provides a detailed analysis of the global Meat, Poultry And Seafood market with an analysis of market size by value and volume. Along with this, an analysis of the penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Meat, Poultry And Seafood market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
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Research uses a bottom-up approach to assess the overall size of the market. Data from different industries and end-user industries and their applications across different product types are recorded and forecast during the forecast period. These segments and sub-segments are documented by industry experts and experts, as well as company representatives, and by analyzing data from these segments and sub-segments over the last few years, externally verified to gain market size.
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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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Meat, Poultry and Seafood Market Growing Trends and Demands Analysis Forecast 2020 to 2023