Article -> Article Details
| Title | Turkey Meat Market Size, Share, Trends and Outlook Report 2033 |
|---|---|
| Category | Business --> Food and Related |
| Meta Keywords | turkey meat market |
| Owner | akshaykumar |
| Description | |
| Market Overview The Turkey meat market size reached USD 12.5 Billion in 2024, and it is projected to grow to USD 19.3 Billion by 2033. This growth represents a CAGR of 4.9% during the forecast period from 2025 to 2033. Key factors driving the market expansion include rising global population, increasing disposable incomes, urbanization, dietary shifts towards protein-rich foods, advancements in meat production technologies, expanding food service sectors, and growing demand for processed and convenience meat products. Study Assumption Years
Turkey Meat Market Key Takeaways
Sample Request Link: https://www.imarcgroup.com/turkey-meat-market/requestsample Market Growth Factors The Turkey meat market is driven by a rising global population, increasing disposable incomes, and urbanization that influence dietary shifts toward protein-rich foods. Technological advancements in meat production further stimulate market growth. Expansion in the food service sectors and increasing consumer demand for processed and convenience meat products also underpin the growth dynamics. Consumer preferences are shifting toward high-quality and premium meat products. There is a growing preference for organic, antibiotic-free, hormone-free, and ethically sourced meat reflecting health consciousness and environmental concerns. The demand for grass-fed beef, free-range poultry, and heritage pork is increasing based on perceptions of these products being healthier and more sustainable. The trend toward greater transparency and certification for quality and ethical standards is further aiding the premium segment's expansion. The market is also witnessing growth from the rising popularity of plant-based and alternative meat products. On average, 28% of Europeans consume at least one plant-based food alternative weekly, up from 21% in 2021. The rise in products made from soy, peas, and wheat that mimic real meat, along with emerging lab-grown meat technologies, offers sustainable alternatives reducing traditional animal farming needs. Significant investments in R&D by startups and established food companies boost innovation and market growth. Market Segmentation Type Insights:
The market is categorized based on raw and processed meat types, providing detailed analysis of consumption and trends in each segment. Product Insights:
The product segmentation covers various types of meat including chicken, beef, mutton, and other types, with detailed market share and growth trends. Distribution Channel Insights:
The market is broken down by distribution channels including traditional and modern retail formats and e-commerce platforms to reflect consumer buying behavior. Regional Insights The Turkey meat market encompasses major regional markets: Marmara, Central Anatolia, Mediterranean, Aegean, Southeastern Anatolia, Blacksea, and Eastern Anatolia. The report provides comprehensive regional analysis, although specific market shares or growth rates per region are not detailed in the source. Recent Developments & News In May 2024, Kretschmar Premium Meats & Cheeses, a subsidiary of Smithfield Foods, launched two new deli meat varieties: Spiced Pineapple Ham and Lemon & Cracked Pepper Turkey Breast. Both products are gluten and MSG free. The company also initiated a marketing campaign responding to the growing consumer preference for "spicy" flavors. Key Players
Competitive Landscape The competitive landscape of the industry has also been examined along with the profiles of the key players. Customization Note If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization. About Us IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. Contact Us IMARC Group, 134 N 4th St. Brooklyn, NY 11249, USA, Email: sales@imarcgroup.com, Tel No: (D) +91 120 433 0800, United States: +1-201971-6302 | |