Global Pork Processing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pork Processing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pork is the meat of the domestic pig. Pork processing include Fresh Processed, Pre-Cooked, Raw-Cooked, Raw-Fermented, Dried, Cured, so as to be processed into bacon, sausage, pork chop, ham product and so on.

Market Overview:

The latest research study on the global Pork Processing market finds that the global Pork Processing market reached a value of USD 273842.54 million in 2022. It’s expected that the market will achieve USD 302631.5 million by 2028, exhibiting a CAGR of 1.68% during the forecast period.

Influence of COVID-19 Outbreak on Pork Processing Industry Development

The COVID-19 epidemic has adversely affected many life sectors, causing huge losses not only to the economy, but also to animal husbandry, such as global meat production and supply chain. Preventive measures in some countries include travel restrictions, border control and national blockade, which have serious consequences on production and supply chain. Meat production and processing are affected by difficulties in purchasing production inputs such as animal feed, restrictions on the transportation of live animals, including seasonal transit restrictions, access to professional services and labor, and restrictions on the supply of meat and meat products to the market. These problems lead to the decline of meat production and factory processing capacity, the decline of sales conditions and the slowdown of market activities. In addition, during the COVID-19 epidemic, the government's ability to prevent, control and treat animal diseases declined. This is mainly due to the redistribution of resources needed to effectively respond to the epidemic. In particular, the prevention and control of cross-border diseases such as foot-and-mouth disease, African swine fever, avian influenza and other infectious animal diseases have seriously affected meat production and supply chain.

COVID-19 virus spreads rapidly among workers in pork processing plants, which is due to long-term contact with infected colleagues, inability to follow the social distance in the workplace, shared working areas and common modes of transportation to and from work. These infected workers led to the spread of the disease at the community level. As a result, many factories began to close temporarily to prevent the disease from spreading in a wider range. The closure of these facilities led to a sharp decline in the supply chain, leading to a decline in meat production capacity. And the prices of meat and meat products also fluctuate due to the gap between supply and demand, mainly due to panic buying and blockade restrictions.

The future of pork processing will be automatic and intelligent. For a long time, it has been an arduous task to automate meat factories because of its high cost and different sizes, so it is difficult for robots to accurately cut and process all types of meat. However, due to the COVID-19 outbreak, more enterprises have accelerated their automation plans and are looking for more automation methods to modernize their factories.

Pandemic-related restrictions and employee shortages have left many meat processors unable to fulfill demand as the economy starts reopening and customers like restaurants and grocery chains demand a regular supply of protein. Automation will help enterprise increase volumes, improve reliability and reduce cost over the mid to long term. Replacing workers with machines will also resolve the high worker turnover issue faced by many meat processing plants.

With the development of science and technology, more advanced pork processing machines and technologies are developed, which will improve the working level of pork processing, reduce production costs and promote the development of pork processing industry.

Strength

Pork is the most commonly eaten meat in the world
Pigs are the most widely eaten animals in the world, so many pork recipes have been developed around the world. Pork is very popular throughout East Asia and the Pacific. Its consumption patterns are varied and highly respected in Chinese cuisine. It is a particularly common ingredient in pork sausage. Many traditional European sausages are made of pork, including chorizo, fuet, Cumberland sausage and salami. Many brands of American hot dogs and most breakfast sausages are made of pork. Processing of pork into sausages and other products in France is described as charcuterie. Pork is the most commonly eaten meat in the world, which will promote the growth of industry demand.

Weakness

Pork processing industry is supervised by relevant departments
USDA's Food Safety and Inspection Service (FSIS) inspects all sausages in interstate commerce and all sausages exported to other countries. If the sausage is produced in a retail establishment (such as a grocery store, meat market or restaurant) and sold in the state where the establishment is located, the sausage may be under the jurisdiction of the state health or agriculture department.
Labels provide product information to consumers at the time of sale. Labels are required to bear certain mandatory features including: product name; ingredients statement; The name and place of business of the manufacturer, packer or distributor; An accurate statement of the net quantity of content; Inspection legend and USDA establishment number; If the product is perishable (for example, Keep Frozen or Keep Refrigerated), provide a safe handling statement; Safety instructions, if the products containing meat or poultry ingredients are not ready to eat, and nutritional factual information. The nutrition fact information on the label can help consumers to compare products and make wiser and healthier food choices. If the sausage is made and packaged in a local store, the nutrition information on the package is voluntary, or it may be at the point of purchase. The application of use or sell by date is optional. Pork processing industry is supervised by relevant departments.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

Smithfield Foods is one of the major players operating in the Pork Processing market, holding a share of 4.02% in 2021.

Headquartered in Smithfield, Va. since 1936, Smithfield Foods, Inc. is an American food company with agricultural roots and a global reach. Smithfield boasts a portfolio of high-quality iconic brands, such as Smithfield®, Eckrich® and Nathan's Famous®, among many others.

WH Group, formerly known as Shuanghui Group, is a publicly traded Chinese multinational meat and food processing company headquartered in Hong Kong. Sometimes also known as Shineway Group in English-speaking countries, the company's businesses include hog raising, consumer meat products, flavoring products, and logistics.

Segmentation Overview:

By type, Fresh Processed segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Sausage segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Pork Processing market covered in Chapter 3:

Shineway Group (Exclude Smithfield Foods)
Smithfield Foods
Tyson Foods
Hormel Foods
Wens
Triumph Foods
BRF
Muyuan
JBS-USA
Danish Crown
New Hope Group
Zhengbang Group
Tönnies

In Chapter 4 and Chapter 14.2, on the basis of types, the Pork Processing market from 2018 to 2029 is primarily split into:

Fresh Processed
Pre-Cooked
Raw-Cooked
Raw-Fermented
Dried
Cured
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pork Processing market from 2018 to 2029 covers:

Bacon
Sausage
Pork chops
Ham
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)