Emergence of Accreditation Agencies In Meat Supply Boosting Growth in the Global Meat Market: Technavio Report

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  • The key vendors in the Global Meat Market 2014-2018 are Cargill Inc., ConAgra Foods Inc., Hormel Foods, Smithfield Foods Inc. and Tyson Foods Inc.

London, 28 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Meat Market 2014-2018.   One major trend emerging in this market is the growth prospects in e-commerce that include improvements in quality during production, importation, preparation, and cost. Currently, more and more customers prefer to shop online and pay for their orders using their credit or debit cards, which helps them avoid a time-consuming journey and billing queues. The Global Meat market is expected to witness CAGRs of 3.97 percent and 2.22 percent in terms of revenue and volume, respectively, during the forecast period of 2013-2018.

“With the help and availability of accreditation agencies, clear and specific standards will be introduced from different standard development bodies, which have to be followed by vendors,” says Faisal Ghaus, Vice President of TechNavio Research.

“There would be a much more systematic logistics and supply chain management system, with track and trace procedures put in place for transportation of meat globally, ensuring the integrity of food products.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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