Pork Meat Market

The global market for pork meat reached a value of $236,112.7 million in 2019 and is expected to reach $257,874.5 million by 2030, growing at a CAGR of 3.9% from 2023 to 2030. In 2019, the frozen segment accounted for the largest share in the pork meat market and is projected to grow at a CAGR of 3.9% during the forecast period. Asia-Pacific was the leading region in terms of revenue contribution, capturing more than half of the global market share in 2019, and is expected to grow at a CAGR of 4.5% throughout the forecast period.

Pork meat, derived from domestic pigs, is widely consumed as a staple food worldwide, except in some Middle Eastern countries. It is not only delicious but also offers a high nutritional profile. With its rich protein and fat content, along with significant amounts of selenium, vitamin B, and thiamin, pork meat is favored by fitness enthusiasts looking to build muscle mass. It is a popular choice at fast food outlets and restaurants, where it is used as a topping for French fries and burgers.

As a frequently purchased product category, pork meat maintains consistent demand among consumers. However, the global market has been impacted by the COVID-19 pandemic, leading to disruptions in the supply chain and a decrease in out-of-home consumption of food, resulting in a slight decline in sales.

The growth of the pork meat market is driven by changing food consumption patterns worldwide. The expansion of the retail market and the availability of packaged pork meat through various sales channels have made it convenient for consumers to purchase. Nevertheless, the rise in veganism and the implementation of strict laws against animal cruelty act as major restraints for the global pork meat market. On the other hand, the increasing popularity of organic pork meat and clean label products present lucrative opportunities for market expansion and growth.

The global pork meat market is segmented by type, packaging, application, and region. Based on type, the market is categorized into chilled and frozen pork meat. In terms of packaging, it is divided into store wrap, modified atmosphere packaging, vacuum packaging, shrink bags, and others. By application, it is further classified into household and commercial use. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By Type
Frozen was the fastest growing market.
According to the analysis of the global pork meat market by type, the frozen segment held the largest market share in 2019. The demand for frozen pork meat has been rapidly increasing due to the rising consumption of meat, poultry, and seafood. However, the chilled segment is expected to grow at a moderate rate during the forecast period. This is because consumers often prefer chilled pork meat over frozen meat.

By Packaging
The store wrap segment was the fastest growing segment.
In terms of packaging, the shrink bags segment accounted for the largest share of the global pork meat market in 2019 and is projected to dominate the market throughout the forecast period. Shrink bags are widely used in the food service industry as they help keep perishable items fresh during transportation. The increasing number of food service outlets worldwide has contributed to the popularity of shrink bags for packaging pork meat. On the other hand, the store wrap segment is expected to grow at a robust CAGR of 4.6% during the forecast period.

By Application
The commercial segment was the fastest growing segment.
Based on the forecast for the global pork meat market by application, the commercial segment held the largest share in 2019. The growth in commercial applications of pork can be attributed to the expanding working population and the trend of eating meals outside the home. However, the outbreak of the coronavirus has led to a decrease in demand for pork in commercial establishments, resulting in a negative impact on pork meat consumption in these settings. Meanwhile, the household segment is expected to witness significant growth throughout the forecast period. This is due to increased household consumption of pork, particularly in the Asia-Pacific region where it is a staple food. The appealing taste of pork meat, coupled with its rich protein and vitamin content, contributes to the growth of the pork meat market. Additionally, the implementation of stringent lockdown measures has led to increased consumption of home-cooked food, further driving the demand for pork meat for home consumption.
Pork Meat Market

Asia-Pacific stood out as the dominant regional segment.
In terms of regions, Asia-Pacific held the largest market share for pork meat in 2019 and is expected to exhibit a high growth rate during the forecast period. Europe and North America are projected to experience steady growth throughout the forecast period, benefiting from the presence of numerous local players.

The players in the pork meat industry have adopted product launches as their primary strategy to increase profitability and enhance their position in the market. The key players profiled in the report include WH Group, JBS S.A., Smithfield Foods, Triumph Foods, Danish Crown, Tyson Foods Inc., Tönnies, Yurun Group, Vion Food Group Ltd., and Shuanghui Development.

Key Benefits for Stakeholders
• The report offers a quantitative analysis of the current pork meat market trends, estimations, and market size dynamics from 2019 to 2030, helping identify prevailing opportunities.
• Porter's five forces analysis highlights the power of buyers and suppliers, enabling stakeholders to make profitable business decisions and strengthen their supplier-buyer network.
• In-depth analysis of market size and segmentation assists in determining prevailing opportunities in the pork meat market.
• The revenue contribution of major countries in each region is mapped, providing insight into their significance in the market.
• The market player positioning segment facilitates benchmarking and provides a clear understanding of the current position of market players in the industry.

Pork Meat Market Report Highlights
By Type
• Chilled
• Frozen

By Packaging
• Store Wrap
• Modified Atmosphere Packaging
• Vacuum Packaging
• Shrink Bags
• Others

By Application
• Household
• Commercial

By Region
• North America  (U.S., Canada, Mexico)
• Europe  (Germany, UK, France, Italy, Spain, Rest of Europe)
• Asia-Pacific  (China, Taiwan, Japan, South Korea, Australia, Rest of Asia-Pacific)
• LAMEA  (Brazil, Argentina, South Africa, Rest of LAMEA)

Key Market Players
Shuanghui Developmen, Vion Food Group Ltd., Smithfield Foods, Danish Crown, Tönnies, Triumph Foods, Tyson Foods Inc., WH Group, Yurun Group, JBS S.A.