Impact Assessment of COVID-19 Impact Outbreak on Meat Market
Recently the COVID-19 has entered into the market and it has disrupted the meat market and pulled it in decreasing manner. This has majorly changed the consumer behavior, impacted the supply chain and also made international trade complicated. The major reason for such changes is lockdown in all countries across the world.
In China, coronavirus has impacted the meat market badly during the lunar new year which is a peak season for the meat (red meat) consumption. Due to the lockdown of hit ports and the meat processing facilities by the government, it has not only disrupted the production of local meat but also affected the revenue generation of country due to lack in the import.
During the 2020, in U.S. outbreak of the virus took place in various factories of meat processing and meat packing. It has affected large number of plants and led into closure of the number of factories and ultimately posed to significant threat on the food supply.
According to U.S. Department of Agriculture, the global chicken meat trade has fallen by 4.0% to 11.7 million tons on the downward revisions for all major exporters except Brazil. Due to this, the global chicken meat trade will get shrink by 1.0% from the last year.
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Under the COVID-19 outbreak analysis, this study offers an analysis of future influence, supply chain, export import control, and regional government policy in the industry. Considering the impact of COVID-19, this study offers a complete and detailed analysis of how the epidemic will drive industry transformation and improvement. The Coronavirus (COVID-19) pandemic has impacted every facet of life. It has brought about numerous fluctuations in market settings. The rapidly changing industry setup and initial and future evaluation of the impact are studied thoroughly in the analysis.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
The report throws light on global Frozen Meat Processing Equipment market factors such as drivers, opportunities, and restrictions. The report identifies the high growth areas as well as the growth factors which are helping in leading the segments. The study covers down-stream and upstream value chain analysis, technical trends, and porter’s five forces analysis. Changing demand and consumption of various product segments has been evaluated. Also, new approaches for investments in various technology and product/service types are examined in this report.
Global Meat Processing Equipment Market By Type (Tenderizing Equipment, Cutting Equipment, Blending Equipment, Filling Equipment, Grinding Equipment, Smoking Equipment, Dicing Equipment, Massaging Equipment, Others), Meat type (Processed Pork, Processed Beef, Processed Mutton, Others), Product Type (Raw Fermented Sausages, Fresh Processed Meat, Others), Application (Raw Cooked Meat, Precooked Meat, Fresh Processed Meat, Cured Meat, Raw Fermented Sausages, Dried Meat, Others) Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Meat Processing Equipment Market
Global meat processing equipment market is expected to register a substantial CAGR of 7.9% in the forecast period of 2019-2026. Increased advantages including portability, coupled with growing life, improved taste, as well as less chances of meat-borne disease risks are some factors which help to boost the global meat processing market and it estimated to have higher in future as well.
Region- wise Analysis of the Global Fresh Meat Market covers:
• North America
• Europe
• China
• Japan
• India
• Southeast Asia
• Other regions (Middle East, Central & South America, & Africa)
Market Segment By Application:
Beef
Pork
Poultry
Seafood
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.