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(MoneyNewsWire.Net, August 27, 2018 ) The meat, poultry and seafood industry includes establishments involved in animal slaughtering and processing, poultry processing and seafood product preparation and packaging.
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The global meat, poultry and seafood market has shown high powered growth in the past years with a CAGR of over 5%. The year 2017 recorded highest ever growth in this market with a net value of over $1.2 trillion as per TBRC’s inhouse consultants.
TBRC’s latest report show the growing trends in the market for each year, globally and geographically with sourced reasons to support the growth claims.
The report also shows the meat, poultry and seafood market to grow at a higher CAGR by 2021 as compared to 2017, with an expected increase of 1%.
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This high growth was due to the increased demand for meat, poultry and seafood primarily from households and restaurants in developing countries owing to rising disposable income, increasing population in many Asian population, growing number of retail stores selling meat products, increasing shift towards meat-based diet and changing consumer preferences.
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TBRC’s latest report show the future trends of this industry along with factors affecting each geography.
Top 5 companies covered in this report are JBS S.A., Tyson Foods Inc., WH Group Limited, NH Foods, Pilgrim's Pride Corporation, and Danish Crown A/S.
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