China’s demand for Fresh Meat and Seafood has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer...
Fresh food experienced a decline in total volume sales in 2020 due to the closure of foodservice outlets and the even longer-term shut down of the institutional channel, especially schools. The category was also affected by bans on social gatherings during the traditional Chinese New Year which was largely cancelled. Despite these negative...
Fresh food recorded lower total volume growth in 2020 compared to 2019 as the COVID-19 pandemic boosted retail sales across many categories at the same time as severely impacting foodservice and institutional volumes. Foodservice was expected to remain vulnerable to lockdown periods and restrictions into the early part of the forecast period....
Opportunities in the Global Meat Sector to 2024 Summary The global meat sector was valued at US$1,267.2 billion in 2019 and is forecast to record a CAGR of 1.6% during 2019-2024 to reach US$1,371.5 by 2024. A total of 109 countries were analyzed based on risk-reward analysis to identify 10 high-potential...
The plant-based meat market is estimated to be valued at USD 4.3 billion in 2020 and is projected to reach USD 8.3 billion by 2025, recording a CAGR of 14.0%, in terms of value. The plant-based meat market is primarily driven by factors such as growing vegan and flexitarian population across the world.North American region is forecasted...
Meat performed well through retail channels during the COVID-19 pandemic despite the economic pressures resulting from measures aimed at limiting the spread of the disease. Chicken saw particularly notable growth as budget-conscious consumers appreciated its affordability and versatility. Retail sales also benefited from absorbing demand from...
There have been several scandals within the meat industry since the outbreak of the pandemic. In the media, the companies were often called risk locations, which were responsible for the fact that limit values were exceeded in some cities. In this context, the working conditions and contracts of employees were questioned, which had already...
Executive Summary The Global High Pressure Processing (HPP) Food was valued at USD 15523.36 Million in the year 2019. High Pressure Processing (HPP) is cold pasteurization in pure water; it uses ultra-high pressure purified water to keep packaged food pathogen-free to stay fresh longer. At very high pressures bacteria such...
COVID-19 had a negative effect on foodservice and institutional volume sales of fresh food during 2020. A significant decline in international tourism weighed heavily on foodservice demand, while local consumers ate out less frequently due to the negative impact of the pandemic on consumer confidence and a fear of contagion. The fact that...
COVID-19 restrictions had a significant negative effect on the Thai economy, particularly the crucial tourism sector, during 2020. As a result, there was a significant decline in demand for fresh food in the foodservice channel. The pandemic also led to a sharp increase in the rate of unemployment, which weighed on consumer confidence. Demand...