Meat, Poultry And Seafood Market 2030: Trends Driving Global Consumption
Global Meat, Poultry, and Seafood Market Overview The global meat, poultry, and seafood market was valued at USD 1,277.1 billion in 2021 and is forecasted to reach USD 1,601.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 2.5% from 2022 to 2030. Consumption of meat, seafood, and poultry remains widespread and continues to rise, particularly with population growth in developing economies like India and China. According to a 2020 report by the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization (FAO), China was the world’s largest meat producer, with 77.9 million tons in 2020, followed by the U.S. with 48.7 million tons. These factors are expected to support the market’s future expansion. The COVID-19 pandemic disrupted the supply chain, leading to increased prices for poultry, meat, and seafood products and triggering a global socio-economic crisis. Initially, prices rose due to reduced production a...