The Report Covers Global Pork Market Consumption and is Segmented by Product Form (Fresh/Chilled, Frozen, and Canned/Preserved), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Specialty Stores, Online Retailing, and Other Distribution Channels), and Geography (North America, Europe, Asia Pacific, South America and Middle East and Africa).

Global Pork Market Size Volume Per Capita by Country, 2023 Discover more data with ReportLinker!

In 2024, after two years of decline, there was growth in the global pork market, when its value increased by 0.3% to $469.1B. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $501.4B in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

According to Cognitive Market Research, the global Pig Farming market size is USD 3151.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 2.30% from 2024 to 2031. North America held the major market of more than 40% of the global revenue with a market size of USD 1260.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 0.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 945.36 million. Asia Pacific held the market of around 23% of the global revenue with a market size of USD 724.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031. Latin America market of more than 5% of the global revenue with a market size of USD 157.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031. Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 63.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.0% from 2024 to 2031. The commercial breeds held the highest Pig Farming market revenue share in 2024. Market Dynamics of Pig Farming Market Key Drivers for Pig Farming Market Increasing Demand for Pork to Propel the Market Revenue Growth The demand for pork, a major source of protein in many diets, has increased due to the expanding worldwide population, especially in emerging economies. Urbanization, shifting food tastes, and growing disposable incomes are some of the causes driving this demand. For instance, according to the U.S. Department of Agriculture, a higher-than-expected February production led to a 30 million increase in the first-quarter commercial pork production to 7.2 billion pounds. It is anticipated that 27.9 billion pounds of commercial pork would be produced in 2024, a 2.2% increase over the previous year. It is predicted that the average live price of 51–52 percent lean pigs will be $61 per cwt, which is 3.7% more than in 2023. Due to increased demand from significant importing nations and declining EU pork competitiveness as a result of higher prices and decreased supply, pork exports are expected to increase by 50 million pounds by 2024. Pork exports are predicted to total 7.1 billion pounds in 2024, 4.6 percent more than shipments from the previous year. Source: https://www.ers.usda.gov/topics/animal-products/hogs-pork/market-outlook/. Rising Food Demand to Propel Market Growth The growing food demand is expected to drive the pig farming market during the forecast period. The world's population is continually increasing, and with it, the demand for food rises. As more people require sustenance, there's a proportional increase in the demand for protein sources like pork. As per the report published by Food and Agriculture Organization, between 2009 and 2050, the world's population is predicted to increase by more than a third, or 2.3 billion people. Based on the forecasts, it would be necessary to increase global food production by around 70% between 2005/07 and 2050 to feed the 9.1 billion people that will live the planet by then. Source: https://www.fao.org/fileadmin/templates/wsfs/docs/Issues_papers/HLEF2050_Global_Agriculture.pdf Restraint Factor for the Pig Farming Market Environmental Concerns to Limit the Expansion of the Market Negative effects of pig farming on the environment can include waste disposal and nutrient runoff polluting the air, soil, and water resources. Pig farmers may face difficulties due to worries about environmental sustainability and pressure from regulations to mitigate these effects, especially if they operate in highly populated or environmentally sensitive areas. According to the study by New Root Institute, a large pig farm has the capacity to produce up to 1.6 million tons of manure annually. These enormous amounts can be difficult to handle, and manure can find its way into the surrounding groundwater and air, harming the local ecosystem and possibly posing health risks to adjacent communities. Source: https://www.newrootsinstitute.org/articles/pig-farming#:~:text=A%20large%20pig%20farm%20can,and%20even%20causing%20health%20problems.

Impact of Covid-19 on the Pig Farming Market The COVID-19 pandemic has had a significant impact on the pig farming market, both in terms of immediate disruptions and longer-term implications. COVID-19-related lockdowns and restrictions disrupted global supply chains, including thos...

This statistic depicts the forecast export volume of pork worldwide in 2024, by leading country. The estimated pork exports of the United States amounted to approximately 3.24 million metric tons in 2024.

In 2023, global pork production was led by China, which produced over 55 million metric tons of pork in that year. The European Union and the United States held the second and third positions, respectively. In that year, global pork production amounted to over 120 million metric tons.

Pig farming in China As China has experienced rapid economic growth, the demand for pork in the country has too increased. Although, the majority of pig farms in China are small scale operations, the introduction of factory farming methods with large scale production of swine is on the rise. The development of modern farms has been one of the most important factors in satisfying the increasing demand for pork in China. As of 2022, there were 452 million pigs in China, more than any other country.

Global meat consumption The most commonly consumed meats in world are poultry and pork, though in the next several years poultry is expected to overtake pork in popularity. Global consumption of pork is projected to increase from 112.6 metric kilotons in 2021 to about 129 metric kilotons by 2031. In the United States however, per capita consumption of red meat is expected to level off at a little over 110 pounds.

Discover how the global pork market is expected to experience continued growth over the next six years, driven by increasing demand worldwide. Market volume is projected to reach 130M tons by 2030, with a market value of $561B.

The size and share of the market is categorized based on Type (Fresh Cuts, Processed Meats, Ground Pork, Sausages, Ribs) and Application (Retail, Food Service, Export, Organic Meat Products, Specialty Restaurants) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Explore the Pork Global Market Report 2025 Market trends! Covers key players, growth rate 2.5% CAGR, market size $173.85 Billion, and forecasts to 2033. Get insights now!

This statistic depicts the production of pork worldwide from 2013 to 2024. The net production of pork worldwide amounted to about 114.58 million metric tons carcass weight in 2022 and is forecast to stay about the same in 2023.

The size and share of the market is categorized based on Type (Whole Canned Pork, Chopped Canned Pork, Shredded Canned Pork, Sliced Canned Pork;) and Application (Household, Food Service;) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

According to Cognitive Market Research, the global Pork Belly Meat market size will be USD 105421.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 42168.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 31626.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 24246.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 5271.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2108.42 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The Modified Atmosphere Packaging held the highest Pork Belly Meat market revenue share in 2024.

Market Dynamics of Pork Belly Meat Market

Key Drivers for Pork Belly Meat Market

Increasing consumer demand for protein-rich foods to propel market growth

Growing consumer demand for meals high in protein is a major factor propelling the pork belly meat market's expansion. An increasing number of customers are looking for protein-rich options to include in their regular meals as knowledge of the health benefits of high-protein diets grows. Because of its high protein content, pork belly is becoming more and more popular among health-conscious people. Fitness enthusiasts and those trying to maintain a healthy weight or gain muscle are supporting this trend. This need is further supported by the popularity of low-carb and ketogenic diets, which emphasize protein consumption. As a result, the demand for pork belly is rising as consumers place a higher value on foods high in protein since they consider them to be necessary for a well-rounded diet. It is anticipated that this change in customer tastes will keep propelling market growth.

Growing popularity of Asian cuisine to propel market growth

The market for pork belly meat is growing mostly as a result of a higher demand for Asian cuisine. Pork belly is in high demand because Asian foods like Chinese braised pork belly, Japanese ramen, and Korean BBQ have become global favorites. Food shows, social media, and culinary tourism have all contributed to a global interest in unique and exotic flavors, which is driving this trend. In order to draw in a wider clientele, eateries and food service providers are progressively adding these well-liked meals to their menus. Pork belly's attractiveness is further increased by the emergence of Asian-fusion cuisine, which combines traditional Asian flavors with new culinary forms. Pork belly is anticipated to see rapid growth in the market as more people discover and embrace Asian culinary customs.

Restraint Factor for the Pork Belly Meat Market

The market for pork belly meat is heavily constrained by health issues and changing dietary habits. Because pork belly is heavy in fat and cholesterol, it presents health risks to customers who are concerned about controlling their weight and cardiovascular health. Many people have cut back on their consumption of fatty foods as their awareness of these health dangers has grown. Furthermore, as more people look for alternatives to animal products for ethical, environmental, and health reasons, the market is further constrained by the increase in plant-based, vegetarian, and vegan diets. Leaner meats, such as fish or chicken or totally plant-based proteins, are becoming more and more popular among consumers. The market for pork belly is facing significant challenges due to the changing dietary patterns and health consciousness of consumers. As a result, product offers and marketing strategies must be modified to accommodate these changing tastes.

Impact of Covid-19 on the Pork Belly Meat Market

The COVID-19 epidemic affected the market for pork belly meat in a number of ways. Lockdowns and labor shortages a...

The size and share of the market is categorized based on Application (Fresh Meat, Deep Processing Products) and Product (Beef Slaughter, Pork Slaughter, Poultry Slaughter, Others, Market) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Global Pork Meat market size 2025 was XX Million. Pork Meat Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Discover the latest trends in the global pork market and learn about the forecasted growth in consumption and market performance over the next decade.

The statistic shows the projected pork consumption worldwide from 2021 to 2033. It is predicted that the projected global consumption of pork will amount to around 131.04 million metric tons by 2033.

Germany continued its dominance in the global pork trade. In 2014, Germany exported 1,753 thousand tons of pork totaling 5,038 million USD, 5% under the previous year. Its primary trading partner on the global pork market was Italy, where it supplied 20% of its total pork exports in value terms, accounting for 39% of Italy's total imports.

According to Cognitive Market Research, the global Pig Feed Pelleters Market size will be USD 252154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 100861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 75646.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 57995.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 12607.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 5043.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The concentrated feed category is the fastest growing segment of the Pig Feed Pelleters industry

Market Dynamics of Pig Feed Pelleters Market

Key Drivers for Pig Feed Pelleters Market

Growing Need for Premium Pork Meat to Boost Market Growth

A high demand for animal protein, particularly meat, is likely to increase pig output, which in turn is anticipated to accelerate the expansion of the swine feed industry. Pork's low cost of production contributes to its widespread appeal among the populace in several economic sectors. Furthermore, the demand for feed will increase because of how much customers like pork products like ham, bacon, and other items because of their flavor and texture. In the future years, it is anticipated that the market will continue to increase due to the presence of well-established pork markets in western economies and the growing commerce of live pigs and pork across numerous global economies. /p>

Introduction of supplements and additives for swine feed to Drive Market Growth

The main goal of producers' efforts to improve pig health and produce high-quality production is to give their swine appropriate and comprehensive diet. In addition to assisting these farmers in reaching their objectives, the introduction of swine probiotics and supplements is driving the expansion of the pig feed industry. Feed premixes, premium feed components, and additives are being introduced by industry players to guarantee the healthy growth and welfare of pigs. Market expansion will be aided by the introduction of swine feeding systems and initiatives to raise public understanding of the nutritional needs and effective techniques to feed pigs.

Restraint Factor for the Pig Feed Pelleters Market

Price fluctuation of raw materials will limit market growth

Increased price volatility related to feed preparation additives and raw materials can impede industry expansion. For example, small and medium-sized pig farm operators may find it more difficult to afford corn if its price increases significantly. The demand for pig meat is expected to decline due to the growing number of people deciding to give up animal products and adopt vegan and vegetarian diets, which would further significantly influence the number of people adopting these dietary choices and giving up animal products, which would further badly impact the market. Furthermore, it is anticipated that the spread of swine illnesses including African Swine Fever (ASF), Porcine Epidemic Diarrhea (PED), and others would further restrain market expansion.

Impact of Covid-19 on the Pig Feed Pelleters Market

The present COVID-19 pandemic is affecting nearly every business, and it is unclear how it will affect the animal feed sector in the long and short terms. Numerous firms, including those in the animal feed industry, have temporarily closed or are only partially operating as a result of the COVID-19 issue. False information and conjecture regarding meat consumption have led to a decrease in both meat supply and production as well as a decrease in meat intake. Furthermore, the feed market has suffered from the supply chain disruption brought on by the trade restriction. It is difficult to forecast the feed market figures for the upcoming years due to the unce...

The Processed Pork Meat Market is segmented by Distribution Channel (Off-Trade, On-Trade) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market value in USD and market volume in tonnes are presented. Key data points observed include production and price.

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Pork Meat Market Size 2024-2028

The pork meat market size is forecast to increase by USD 220.27 million at a CAGR of 8.37% between 2023 and 2028.

The market is experiencing significant growth due to various trends and factors. One of the key drivers is the increasing demand for grass-fed and organic pork, as consumers become more health-conscious and prefer naturally raised livestock. Additionally, new pork processing technology is being adopted to improve efficiency and product quality. The market encompasses the production, processing, and distribution of pig meat, a primary source of protein for consumers worldwide. With a significant nutritional profile, meat provides essential vitamins and minerals, including selenium, vitamin B, thiamin, and other nutrients. However, the market is also facing challenges from stringent regulations for processed meat manufacturing, which require strict adherence to food safety standards. These regulations aim to ensure the production of safe and high-quality pork products for consumers. Overall, the market is expected to continue growing, driven by consumer preferences and advancements in technology, while navigating the complex regulatory landscape.

What will be the Size of the Pork Meat Market During the Forecast Period?

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This red meat is popular among fitness enthusiasts and sports athletes due to its satiety and weight gain properties. The market's size is substantial, with various retail channels, including cafes, franchise outlets, tourism, and fast-food outlets, contributing to its growth. Packaged hog meat and beverages are increasingly gaining traction In the market due to their convenience. However, the rise of plant-based products and shifting consumer preferences towards healthier options pose challenges to the market.
Nevertheless, the demand for meat remains same, driven by its affordability and versatility in various cuisines. The market's dynamics are influenced by factors such as consumer trends, production techniques, and regulatory policies. As a result, the market continues to evolve, presenting opportunities for stakeholders across the value chain.

How is this Pork Meat Industry segmented and which is the largest segment?

The pork meat industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Fresh pork meat
  Processed pork meat


Distribution Channel

  Offline
  Online


Geography

  APAC

    China


  Europe

    Germany


  North America

    US


  South America

    Brazil


  Middle East and Africa

By Product Insights

The fresh pork meat segment is estimated to witness significant growth during the forecast period.

The market encompasses the production, distribution, and consumption of chilled and frozen pig products. This market segment is vital due to its ability to ensure the availability and transportation of pig meat to various locations, regardless of their proximity to the production source. Chilled pork is stored at temperatures between 0 and 4 degrees Celsius, while frozen pork is kept below -18 degrees Celsius. This preservation method inhibits or significantly slows down bacterial growth and microbe development, thereby increasing the meat's shelf life. Pork meat is a rich source of protein, essential vitamins like Selenium, Vitamin B, Thiamin, and minerals.

It is a preferred choice for fitness enthusiasts, sports athletes, and those following low-fat, high-protein diets. The market caters to various sectors, including food service restaurants, cafes, franchise outlets, tourism, and plant-based product manufacturers. Dry-aged pork products offer enhanced flavor and tenderness, making them popular among consumers. The market also includes dry-cured bacon, hams, and sausages. The market is subject to stringent laws and regulations, ensuring animal welfare and ethical practices. Chilled and frozen meat is available through various retail channels, including convenience stores, forecourt retailers, grocery stores, and internet retailing. It is used extensively In the food and beverage industry, including packaged food, fast food, and quick-service restaurants.

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The Fresh pork meat segment was valued at USD 4.72 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 49% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The APAC market is pro