Turkey Meat Market Size, Growth & Statistical Report from 2023 to 2030
The 2022 global turkey meat market was estimated to be worth approximately USD 7 billion, and it is expected to demonstrate a stronger Compound Annual Growth Rate (CAGR) during the forecast period spanning from 2023 to 2030. Several factors propel the growth of this market. The rising awareness of health and a desire for protein-rich diets are key contributors to the increasing favorability of turkey meat as a wholesome and lean source of protein. Additionally, cultural influences and dietary choices during festive periods play a significant role in boosting demand. Moreover, evolving consumer lifestyles and the quest for convenient food options have fostered the development of value-added turkey products.
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Market Trends:
- Rising demand for protein-rich foods: Turkey meat is a good source of protein, which is essential for maintaining a healthy weight and building muscle. As the global population becomes more health-conscious, the demand for protein-rich foods is increasing.
- Growing awareness of the health benefits of turkey meat: Turkey meat is a low-fat and high-protein food that is also a good source of vitamins and minerals. As consumers become more aware of the health benefits of turkey meat, the demand for this product is increasing.
- Increasing disposable income: As the global economy continues to grow, the disposable income of consumers is increasing. This is leading to an increase in the demand for premium foods, such as turkey meat.
- Expanding retail distribution channels: The availability of turkey meat in retail stores is increasing, making it more convenient for consumers to purchase this product. This is further driving the growth of the turkey meat market.
According to the recent report published by RC Market Analytics, the Global Turkey Meat Market is expected to provide sustainable growth opportunities during the forecast period from 2023 to 2030. This latest industry research study analyzes the turkey meat market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants. The report offers a holistic view of the turkey meat industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
Browse the Full Report Discretion of Global Turkey Meat Market
Geographically, the turkey meat market report comprises dedicated sections centering on the regional market revenue and trends. The turkey meat market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Turkey meat market estimates have also been provided for the historical years 2020 & 2021 along with forecast for the period from 2023 – 2030.The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, Italy, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
The Turkey Meat Market Segmentation:
By Product Type:
- Fresh Turkey Meat
- Frozen Turkey Meat
- Processed Turkey Meat
By Value Chain:
- Turkey Farming
- Turkey Processing
- Packaging and Distribution
By Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Some of the major market players operating in the global turkey meat market are Butterball LLC, Cargill, Incorporated, Jennie-O Turkey Store (a subsidiary of Hormel Foods Corporation), Tyson Foods, Inc., Seaboard Corporation, Perdue Farms Inc., Farbest Foods Inc., Honeysuckle White (a brand of Cargill, Incorporated), Mountaire Farms Inc., and Prestage Farms Inc.
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Key Questions Answered by Turkey Meat Market Report:
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to Turkey Meat market
- Analysis of the key factors driving and restraining the growth of the global, regional and country-level markets from 2020-2027
About Us: RC Market Analytics is a global market research firm. Our insightful analysis is focused on developed and emerging markets. We identify trends and forecast markets with a view to aid businesses identify market opportunities to optimize strategies. Our expert’s team of analysts’ provides enterprises with strategic insights. RC Market Analytics works to help enterprises grow through strategic insights and actionable solutions. Feel free to contact us for any report customization at [email protected].
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