Pork Meat Market Size

Pork Meat Market Analysis

The pork meat market is projected to register a CAGR of 5.7% over the next five years.

• With constantly changing food consumption and eating habits of consumers, demand for convenient and processed food is on the rise. In many regions, consumer demand for pork meat is also increasing, owing to its nutritional benefits such as high protein content, vitamins, and satiety. Fitness enthusiasts and sports athletes often consume pork meat products to build muscles. According to data from the Ministry of Agriculture, Forestry, and Fisheries in Japan in 2021, the per capita volume of consumption of pork meat products was 13.2 kg.
• Furthermore, the demand for pork meat in food service restaurants, cafes, and franchise outlets is increasing due to the consumer trend of eating out and on-the-go food. In addition, tourism in many regions, such as Europe, Asia-Pacific, and North America, is also increasing, leading to an increase in demand for pork meat products. According to the United States Department of Commerce (USDoC) - International Trade Administration (ITA), approximately 22.1 million international visitors arrived in the United States in 2021.
• Although pork meat products are popular in many regions, the market growth may be restricted by the increasing consumption of plant-based products and religious beliefs. Nevertheless, market players have launched new meat products to meet the increasing demand. For instance, in October 2021, Woolworths Supermarkets announced a retailer first for pork in the Australian market. A new range of dry-aged pork products will be featured in stores and online across New South Wales, Victoria, and South Australia. Dry-aged pork offers a full, rich flavor with exceptional tenderness. The dry aging method naturally tenderizes the pork, locking in moisture and enhancing the flavor. The extraordinary combination of flavor and tenderness makes dry-aged pork steaks ideal in a variety of dishes.