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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