Eastern European Meat Market Projections to 2023 - Fresh Meat is Forecast to Grow at the Fastest CAGR of 5.1% Due Its Low Cost, Freshness, and Wide Availability - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 20, 2019--
The “Opportunities in the Eastern Europe Meat Sector: Analysis of Opportunities Offered by High Growth Economies” report has been added to ResearchAndMarkets.com’s offering.
This report brings together multiple data sources to provide a comprehensive overview of the region’s meat sector. It includes market overview, high growth country analysis, top brands, key distribution channels, packaging formats and case studies.
The global meat sector was valued at US$945.7 billion in 2018 and is forecast to record a CAGR of 3.9% during 2018-2023. With a value share of 31.6% in the global meat sector, the Americas represented the largest regional market in 2018. The region is forecast to record the fastest CAGR of 4.6% during 2018-2023, while the Eastern Europe meat sector, which had a value share of 8% in 2018, is expected to grow at a CAGR of 4% during the same period.
Frozen meat is the largest market in the Eastern Europe meat sector, accounting for 25.8% of the overall sector in 2018 and is closely followed by fresh meat (counter), which had a 23.5% share and is forecast to grow at the fastest CAGR of 5.1% due its low cost, freshness, and wide availability.
The top four high potential countries highlighted in the report are the Czech Republic, Poland, Bulgaria, and Hungary. Among these, Poland is the largest meat market in the region as of 2018, while the Czech Republic is forecast to register the highest CAGR of 7.7% during 2018-2023. Improving economic conditions and increasing disposable income drive meat consumption across these countries.
Hypermarkets & Supermarkets is the most popular channel for meat in the Eastern Europe region, accounting for 67.6% of overall sales, followed by food & drinks specialists with 20.5% share. This is due to the fact that hypermarkets & supermarkets offer a large variety of products in terms of flavor, cuisine, and pack size. Rigid plastics is the most commonly used pack material in the Eastern Europe meat sector, accounting for 48% of the sector in 2018, while tray is the most used container type, accounting for 46.9% in the same year.
The overall meat sector in Eastern Europe is fragmented with the top five brands - Brazil Foods, Mlm-Ra, Miratorg, Cherkizovo, and Pinar - accounting for 13.5% of the market value in 2018. Private labels accounted for 11.5% of the overall sector in 2018.
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Key Topics Covered
1. Executive summary
2. Market size and growth analysis (region analysis)
3. Identifying high potential countries in Eastern Europe
4. Market size and growth analysis (high potential countries in Eastern Europe)
5. Country profiles (high potential countries in Eastern Europe)
6. Success stories
7. Company and brand analysis
8. Health & wellness analysis
9. Key distribution channels
10. Key packaging formats
11. Challenges and future outlook
For more information about this report visit https://www.researchandmarkets.com/r/njss7j
View source version on businesswire.com:https://www.businesswire.com/news/home/20190520005592/en/
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Related Topics:Meat, Poultry and Eggs
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/20/2019 11:58 AM/DISC: 05/20/2019 11:58 AM