Covid-19 Impact Analysis-Global Meat Market 2020
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.
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.
The Meat Market research report presents a comprehensive analysis of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It additionally contains projections applying a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry by considering major players.
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Some of the geographic regions examined in the overall Meat Market are:
North America (United States, Canada)
Europe (Germany, France, UK, Italy)
South America (Brazil, Argentina, etc.)
The Middle East and Africa (Saudi Arabia, UAE, South Africa)
Asia-Pacific (Vietnam, China, Korea, Thailand, India, Indonesia, and Australia)
Global Meat Market Segmentation:
On the Basis of Type:
Beef
Pork
Poultry
Others
The global meat, poultry and seafood market is expected to grow from $1416.9 billion in 2019 to $1466 billion in 2020 at a compound annual growth rate (CAGR) of 3.5%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $1844.6 billion in 2023.
Similarly, In India the buffalo meat exports have got massive hit by the coronavirus outbreak falling approximately 50.0% to around 50,000 tons in the last one month of the 2020. According to the data from Agricultural and Processed Food Products Export Development Authority (APEDA), buffalo meat exports got decrease by 10.04 lakh tons in the April-January period of 2019-20 as compared to in 2018-19 where it was 12.3 lakh tons.
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.
Highlights of the TOC of the Meat Report:
· Overview of the Global Meat Market
· Market competition by Players and Manufacturers
· viable landscape
· Production, revenue estimation by types and applications
· Regional analysis Meat Market
· Industry chain analysis of Meat Market
· Global Meat market forecast estimation