meat trends

Smithfield Foods to Temporarily Close Illinois Pork Processing Plant

Monmouth plant produces 3% of fresh pork products in the U.S. including bacon.

April 27, 2020

Smithfield Foods will suspend operations at its Monmouth, Illinois, facility beginning next week and until further notice after a small portion of its 1,700 employees tested positive for COVID-19. The Monmouth plant represents approximately 3% of U.S. fresh pork supplies and also produces bacon. Employees will be paid during the closure.

Study forecasts 30%-plus market CAGR through 2025 for plant-based meats

Data shows consumer plant-based meats use is low in developed markets, but rising fast, with consumer burger trialing at just 8% in the United States and mid-20% in the UK and Germany.

December 3, 2019

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The global plant-based meat market for plant-based meats is projected to reach $50 billion by 2025, according to a study released by UBS Evidence Lab, New York.

Report unveils sustainability initiatives in today’s meat industry

The report finds consumers are becoming conscious of the effects their diet has on the environment.

November 21, 2019

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According to the 2019 Power of Meat Report, compiled by the Food Marketing Institute, Washington, D.C., and Foundation for Meat & Poultry Education & Research, Washington, D.C., eating meat is still the norm.

Study reveals meat substitutes continue to drive sales

According to Euromonitor International’s health and nutrition survey, 21% of the surveyed global consumers are trying to limit their meat intake, driving sales of global meat substitutes to reach $23 billion by 2023.

October 22, 2019

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Fresh meat represents 89% of the total volume of meat sold globally, and is projected to grow by 2% annually through 2023, according to a study released by Euromonitor International, UK.

Study reveals widespread consumer distrust in meat, dairy industry

The report finds that milk, meat and dairy alternatives are growing, while meat is growing slowly and milk is in decline.

August 20, 2019

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New research by The Hartman Group, Bellevue, Wash., uncovered that almost all consumers — whether they purchase plant-based foods or not — have some level of distrust in meat and dairy companies/producers.

Study: U.S. consumers buy chicken for versatility, value, variety

All meat buyers are driven by taste, yet taste is a less important driver for the plant-based consumer, as fish is purchased for health and convenience reasons.

July 22, 2019

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Chicken purchasers cite more positive attributes than purchasers of beef, pork, fish and plant-based meat proteins, according to new research presented by the National Chicken Council (NCC), Washington, D.C.

Study: Deli meat market to grow $114.18B by 2023

Increasing awareness regarding the health benefits of organic foods such as organic deli meats has increased consumption.

July 3, 2019

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The deli meat market is projected to grow $114.18 billion, at a CAGR of 11%, by 2023, according to “Global Deli Meat Market 2019-2023,” a report published by Technavio, London.

Study: Ready-to-eat trend boosts frozen meat market

Frozen chicken products is projected to exhibit a 3.5% CAGR from 2017-2026.

May 29, 2019

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The global frozen meat market is projected to climb a steep growth curve in coming years, according to a report published by Transparency Market Research (TMR), Albany, N.Y.

Study: Plant-based meat market worth $27.9B by 2025

Burger patties are one of the most popular plant-based meat products available in the market.

May 23, 2019

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The plant-based meat market is estimated at $12.1 billion in 2019, and is projected to grow at a CAGR of 15% from 2019-2025, reaching $27.9 billion by 2025, according to a report published by MarketsandMarkets, Chicago.

Study: Frozen meat substitutes account for lion’s share of global meat substitutes

Soy-based meat substitute products hold the potential for contributing the largest share in the market, followed by mycoprotein, through 2026.

April 23, 2019

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The global market for meat substitutes will upsurge at a 5.8% CAGR over the forecast period of 2017-2026, and meat substitutes will be worth $7,067.6 million worldwide, according to research presented by Future Market Insights, Valley Cottage, N.Y.