COVID-19 Impact on Meat Packing in Food and Beverage Industry
The meat industry is largest segment of food industry. The growing demand for the high valued animal protein has brought an increasing pressure on the livestock sector since long. It has been observed that this sector is growing with unpredicted growth rate due to certain driving factor such as increase in population, rising income and increasing urbanization. According to WHO, the meat production is projected annually with an increase to 376 million tons by 2030 from 218 million tons in 1997-1999.
But last year during starting year of 2020, pandemic crises started that has raise the question on the meat industry and the practices. The crises is not new to this industry because there were number of problems the industry has faced where its demand has fallen down and they were “Mad Cow” in 2005, SARS in the year 2003, and another in 2005 which was ”Bird Flu”. All these endemic and pandemic in last few decades have impacted the meat industry badly.
Get report copy @ https://www.databridgemarketresearch.com/covid-19-resources/covid-19-impact-on-meat-in-the-food-and-beverage-industry
Global Meat Substitutes MarketÂ
Global Meat Substitutes Market, By Source (Soy, Wheat, Mycoprotein & Others), Category (Frozen, Refrigerated, Shelf-Stable), Type (Tofu & Tofu Ingredients, Tempeh, Textured Vegetable Protein, Other Soy Products, Seitan, Quorn & Other Meat Substitutes), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027Global Frozen Poultry and Meat Market
Global Frozen Poultry & Meat Market By Product Type (Frozen Meat, Frozen Poultry), End- User (Retail Customers, Food Service, Business Customers), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Frozen Poultry & Meat Market
Global Frozen Poultry & Meat Market is set to witness a stable CAGR in the forecast period of 2019- 2026. Increasing demand for frozen food is the major factor for the growth of this market.
Global Plant-Based Meat Market
Global Plant-Based Meat Market By Source (Soy, Wheat, Pea, Mycoprotein, Gluten Others), Product (Burger Patties, Sausages, Strips & Nuggets, Meatballs, Others), Type (Pork, Beef, Chicken, Fish, Tofu, Tempeh, Quorn, Mushroom, Seitan, RTC/RTE, Natto, Others), Process (Grinding, Mixing, Blending, Forming/Shaping, Freezing Systems, Storage), End-Use (Retail, Industrial), Distribution Channel (B2B, B2C), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Plant-Based Meat MarketÂ
Global plant-based meat market is expected to rise to an estimated value of USD 284.53 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growing awareness regarding the benefits associated with consumption of these products over conventional meat.
Market Definition: Global Plant-Based Meat MarketÂ
Plant-based meat is a category of food products that are sourced from vegan sources not utilizing any meat, but providing similar functionality and taste. These products provide similar nutritional value and the creation of these products involves the usage of only vegan, sustainable and environmental friendly ingredients. These products were designed to counter the significant consumption of meats having a drastic impact on the environment.
Global Processed Meat MarketÂ
Market Definition:Â Global Processed Meat Market
Processed meats are similar to fresh meat and have been salted, cured, smoked, and fermented for preservatives. It reduces number of microorganisms and increases shelf life spam because processed meats are cooked products. Increasing consumption of meat among population is driving the demand of processed meat globally.
Market Drivers:
As processed food is rich in protein content, people started consuming more protein in their diet which enhances the demand of this market
Rising disposable income is also driving the growth of this market
Lack of time to cook at home due to busy schedules is also expected to drive the market growth
Increasing pay level of the middle class consumer will also drive the growth of this market
Market Restraints:
Due to high intake of processed meat products, s there has been increase in obesity and diabetics which can hamper the market growth
Increasing adoption of the processed food among consumers is another factor restraining the market growth
In the current scenario, it is not possible to forecast that what will happen on the global meat market in future as it totally depends on the control of the COVID-19. If countries will be able to control the outbreak of the COVID-19 soon, it the market will definitely regain its position in market.
As of now, depending on the situation industries should be more focused on the health of the worker and the consumers. The industries, if they are open for the meat processing right now should take all safety measures in their factories or plant and at the same time, they should put pressure on the authorities to allow the supply chain moving with guidelines so that the supermarket/ hypermarket shelves get the meat on time.