International

Global pork market to add $6.5B this year

Pork

Asia-Pacific was the largest market for pork and pork products in 2021.

Posted on Feb 25 ,10:12

Global pork market to add $6.5B this year

The global pork market is to grow at a CAGR of 2.8% this year, according to a market report released by Research And Markets. Analysts are expecting an increase in the global pork market, although China will limit its imports due to a growing rate of self-sufficiency in the domestic market. However, Asia-Pacific will remain a lucrative market for most of the pork producers around the world, encouraging trade to the countries in Southeast Asia.
Last year, the global pig meat market was $235.48 billion. It is expected to reach a value of $242.04 billion in 2022 and it will grow further to reach $258.39 billion in 2026 but at a slower CAGR rate, of only 1.6%.
Pork is a good source of high-quality protein, which is an important nutrient for human health. Once consumed, it includes large levels of amino acids. For example, according to the Federal Communications Commission, Food and beverage production sales climbed 3.5% year over year (YoY) in 2020, from $118.7 billion in 2019 to $122.9 billion in 2020. As a result, China's worldwide meat imports increased by 59.6% in 2020 compared to the previous year. Therefore, the growing food and beverage sector propels the growth of the pork meat market.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

UK

AHDB: The UK pork industry post-Brexit

Labour shortages and workforce challenges Since Brexit, labour shortages have emerged as one of ...


Read more Read more
UK

AHDB: UK-US pork trade and Trumps tariffs

Trumps tariffs On 2 March 2025, US President Donald Trump, announced ‘reciprocal tariffs&r...


Read more Read more
BRAZIL

BRF and HPDC announce new food plant in Jeddah, Saudi Arabia

BRF, one of the world's largest food companies and owner of the Sadia, Perdigão, Qualy and...


Read more Read more
Websolutions by Angular Software and SpiderClass