Global Pork Meat Market Forecast Report By Consuming Countries, Producing Countries, Importing Countries, Exporting Countries and Company Analysis 2024-2032

Global Pork Meat Market Size

Global Pork Market is expected to grow up to US$ 352.17 billion by2032 from 250.23 billion in 2023, with 3.87% CAGR from 2024 AND 2032. Consumption choices of food around the world have shifted as a result of globalization causing great growth in the industry of pork meat. Other a factor that ensures the package meat is popular is its flexibility to move through the various channels of distribution because the retail outlets are becoming standard.

Pork Meat outlooks

Pork meat is meat from domestic pigs and is a versatile protein source that is consumed as a delicacy in many parts of the world in different preparations. Being one of the most demanded meat worldwide for its unusual tenderness and subtle taste, pork is applied in various cuisines. It is classified into chops, ribs, loin and shoulder and cuts from pork which can be grilled, roasted, fried or braised as per the kind of texture and flavor preferred. Some of the processed pork products such as bacon, sausage, ham, and deli meats even widen the uses of pork in cooking.

Pork is an integral part of several national cuisines all over the world, with dishes like the Chinese char siu, German bratwurst, Mexican carnitas, American barbecue, among others. This is because they are cheap, can be prepared in various methods of cooking and go well with so many other foods and tastes. Pork contains highest proteins, vitamins and minerals like vitamin B12, niacin, zinc and selenium eye-opening benefits include building muscles, healthy immunity and a better state of health. Due to the versatility of meat and the popularity of it in dishes, pork is consumed by families and restaurants globally.

Driving Forces of the Global Pork Market

Consumer Demand and Preferences

Pork consumers’ preferences are therefore determined by their dieting habits, culture, and their income status. According to the Global Pork Snapshot, in a number of areas, it forms an essential part of people’s diet and various recipes are firmly militanted with national identities. Concerns toward production and consumption of healthy and plant base diets in a way influence the demand for pork as well as increasing incomes in the emergent world economies which gives more attention to meats. Urbanization and globalization also influence the changes in food trends and eating habits of the people. Also, the social perception that pork as a type of meat is a healthy food product or raises safety issues can affect population’s decision and thus reshape the demand.

Production and Supply Factors

Both production and supply factors are essential for understanding the pork market globally. These feed ingredients include corn, and soybeans, hence cost and availability of these feeds forms a natural benchmark to pork production costs. Improved technology in breeding, diseases control and melioration of farming processes contributes the productivity and hence the supply. However, disease outbreaks such as African Swine Fever (ASF) can be catastrophic in its disruption of production to an extent that supply of particularly producer pigs is limited and prices change. Other external influences affect the production capabilities include the international climatic changes and the availability of sources.

Trade Policies and Market Access

Trade policies encompassing market access are central to determining the market for pork globally. There are many factors that affect the international transfer of pork products among which are the tariffs, trade agreements and the relations between countries. A government may encourage exports by provision of favorable trading policies which will increase the demand and on the other hand, it may frustrate imports through restrictive policies which check the supply chain. Other barriers include food safety regulations, animal welfare standards, environmental policies because to be able access the market the producers have to meet these standards. This is due to the diplomatic relations between countries and economic sanctions that over time complicate the export flows and ever-changing market for pork in the international market.

North America Pork Meat Market

North America is a major regional market for pork meat; the consumption rates are quite high and the end-products are versatile in terms of usage. Pork is a popular type of meat in North America especially chucks, ribs, bacon, and sausages among other related products. The two biggest exporters and importers are the United States and Canada because of elaborated; meat processing facilities and relatively high-quality requirements. Whereas, the convenience foods and preferred taste of the consumers have led to the increase in the processed pork products while the traditional cuts are famous for cooking and other food services uses. The Mexican cookery lovers’ trends have driven the improvement of the product-line by offering the slimmer cut meats and low-sodium products. This market has a stable and equally domestic production capacity and unceasing demand from retail, food service, and industries; hence, North America is one of the most crucial regions for the pork industry.

Global Pork Meat Company Analysis

Several key players dominate the pork industry, including JBS S.A., a Brazilian company and the largest meat processing company in the world. Tyson Foods, based in the United States, is another major player, along with Pilgrim's Pride Corporation. Danish Crown Group, based in Denmark, Vion Food Group from the Netherlands, WH Group from China, Hormel Foods Corporation in the United States, and Muyuan Foods are significant contributors to the pork industry.

Global Pork Meat Company News

April 2023, The HERDEZ® brand of Hormel Foods Corporation has announced the introduction of two mouthwatering flavors to its HERDEZTM Mexican Refrigerated Entrées line: HERDEZTM Carnitas Slow Cooked Pork and HERDEZTM Chicken Shredded in Mild Chipotle Sauce.

In November 2022, Smithfield Europe, a subsidiary of Smithfield Foods, a U.S.-based company, agreed to acquire Goodies Meat Production SRL, a Romanian manufacturer of private-label packaged meat products for the retail channel.

Consuming Countries - Market breakup in 12 viewpoints:

1. United States
2. China
3. European Union
4. Russia
5. Vietnam
6. Brazil
7. Mexico
8. Japan
9. South Korea
10. Philippines
11. United Kingdom
12. Others

Producing Countries - Market breakup in 12 viewpoints:

1. United States
2. China
3. European Union
4. Brazil
5. Russia
6. Vietnam
7. Canada
8. Mexico
9. South Korea
10. Japan
11. Philippines
12. Others

Importing Countries - Market breakup in 10 viewpoints:

1. China
2. Japan
3. Mexico
4. United Kingdom
5. South Korea
6. United States
7. Philippines
8. Hong Kong
9. Canada
10. Australia

Exporting Countries- Market breakup in 10 viewpoints:

1. United States
2. European Union
3. Brazil
4. Canada
5. Chile
6. Mexico
7. Russia
8. United Kingdom
9. China
10. Australia

All the key players have been covered from 3 Viewpoints:

• Business Overview
• Recent Development & Strategies
• Financial Insights

Key Players Analysis:

1. JBS S.A
2. Tyson Foods
3. Pilgrim's pride corporation
4. Danish crown group
5. Vion Food Group
6. WH Group
7. Hormel Foods Corporation
8. Muyuan Foods