Global Meat, Poultry, and Seafood Market Outlook 2022–2030: Trends, Forecasts, and Growth Opportunities
The global meat, poultry and seafood market size was valued at USD 1,277.1 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 2.5% from 2022 to 2030. Meat, seafood & poultry consumption is still prevalent and is even increasing as the population grows, especially in developing economies such as India and China. According to the Organization for Economic Co-operation Development (OECD) and the Food and Agriculture Organization (FAO) report 2020, China is the world's largest provider of meat, with 77.9 million tons in 2020, followed by the U.S. with 48.7 million tons of meat. Such factors are likely to bode well with the future growth of the market. The COVID-19 pandemic impacted the overall supply chain, resulting in increased prices for poultry, meat, and seafood products, which caused a socio-economic crisis worldwide. Initially, poultry, meat, and seafood product prices increased due to less production and increased demand beca...