Growing Demand for Processed Meat to Influence Global Hog Production and Pork Market Greatly, Says TMR
A new study by Transparency Market Research (TMR) presents a comprehensive analysis of the global market of hog production and pork, taking its historical and current performance into consideration. The research report, titled “Hog Production and Pork Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth And Forecast 2013 – 2019,” states that the changing food habits of consumers across the world is the key driving force behind the significant growth of this market.
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According to the research study, the growing demand for processed meat in several developed countries has boosted hog production in many regions and the trend is expected to continue in the near future. As a result, the market for hog production and pork is likely to gain significant momentum in the forthcoming years, globally. However, religious beliefs in several countries may obstruct the demand for pork to some extent over the next few years.
The research report analyzes the worldwide market for hog production and pork on the basis of the product and the geography. Based on the product, the market has been classified into fresh meat and processed meat. Currently, the consumption of fresh meat is higher. However, in the coming years, processed meat will enjoy a greater demand than the former.
Processed meat has been further categorized into sausages, ham and bacon, hot dogs, charcuterie, and canned meat. Sausages and ham and bacon are widely consumed across the world. Canned meat is expected to witness a strong rise in demand in the coming years, states the research report.
Based on geography, the report has segmented the global market for hog production and pork into Asia Pacific, Europe, North America, and the Rest of the World. With China being the prime producer of pork, Asia Pacific has emerged as the leading regional market for hog production. However, in terms of consumption, North America and Europe have acquired the top positions with pork being a key dietary ingredient in a number of economies in both the regions.
The hog production and pork market also finds significant growth opportunities in Europe, Brazil, the U.S., Russia, Canada, Vietnam, Philippines, Japan, Mexico, and the Rest of the World, states the research report.
The research study also provides an assessment of the competitive landscape of the worldwide market for hog production and pork. As per the study, Premium Standard Farm Inc., Compassion in World Farming, Royal Pig Farm, and Smithfield Foods are some of the leading hog production companies across the world.