How Has COVID-19 Affected the Edible Meat Industry?
The global pandemic has significantly impacted the edible meat market. Lockdowns and social distancing measures have disrupted the supply chain, from abattoirs to retailers, causing fluctuations in the cost of meat and affecting manufacturing and distribution. Conversely, the trend towards home cooking during lockdown periods has stimulated certain sectors within the edible meat market, notably premium and specialty meats.
What Are Current Market Dynamics?
Despite these challenges, the edible meat market continues to display robust dynamics. A key growth driver is the global population's dietary shift towards high protein foods, and the meat sector continues to hold a significant share in this regard. Emerging economies are instrumental in this trend with rising incomes precipitating a surge in meat consumption. However, heightened awareness about animal welfare, environmental sustainability and health issues associated with excessive meat consumption are influencing market trends and driving the growth of alternative protein sectors.
What Can Be Expected in Future Forecasts?
The future trajectory of the edible meat market will likely be shaped by the consumer’s shifting preferences, economic conditions, and impacts of evolving global circumstances such as COVID-19. Despite potential setbacks due to social, economic, and environmental concerns, the market is anticipated to remain resilient. The adoption of technology within the industry, such as artificial intelligence and machine learning in meat processing, is expected to mitigate some of these challenges and optimize operations, heralding a potential growth period for the sector. Furthermore, the response and adaptation of the industry to these evolving factors will be pivotal in determining its future prospects.
- Global Meat Consumption Volume
- COVID-19 Infection Rates
- Global Meat Production Volume
- Livestock Feed Prices
- International Trade Tariffs and Restrictions
- Livestock Disease Outbreak Reports
- Climate Change Impact on Agriculture
- Meat Import and Export Volumes
- Consumer Dietary Preference Trends
- Technological Innovations in Meat Production and Preservation
- Per capita meat consumption
- Shift from red meat to poultry
- Increased demand for processed meat
- Organic and free-range meat uptake
- Influences of alternative protein sources
- Food safety concerns and traceability
- Impact of climate change on livestock farming
- Prevalence of disease in livestock
- COVID-19 and online meat sales
- Global meat export and import trends