Global Reduced Fat Meat Market size was valued at US$ 9.21 Bn in 2022 and the total revenue is expected to grow at 3.5% through 2023 to 2029, reaching nearly US$ 11.72 Bn. The reduced fat meat market report comprehensively analyzes the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global market report also provides market segments, technology, and investment with a competitive landscape.To know about the Research Methodology :- Request Free Sample Report
Reduced Fat Meat Market Overview:
The growing concerns for health, due to the high intake of fat, led to the efforts made by the food industries to develop new foods with positive health benefits. Obesity, heart diseases, and cancer have been implicated with high fat intake. Reducing the total fat content of meats is not only advantageous but viable. It also reduces the calorie content and level of saturated fat. This results in a new product that has high nutritional value and offers the consumer an alternative to traditional meat products. The Global Reduced Fat Meat Market is estimated at US$ 9.21 Billion in the year 2022. It is forecasted to reach a revised size of US$ 11.72 Billion by 2029, growing at a CAGR of 3.5% over the forecast period.Market Dynamics:
The reduced fat meat based trend continues to grow, encouraging people to eat more reduced fat meat. Also, there are various health benefits associated with reduced fat meat products, about which consumers are getting more aware recently. Excessive consumption of animal-based meat may result in various diseases such as obesity, type-2 diabetes, heart disease, and certain cancers. On the other hand, the consumption of reduced fat meat does not give rise to such diseases. Moreover, they aid in building better immunity and full fill other nutritional requirements of the body. The nutritional benefits of reduced fat meats and their safety compared with conventional meat are also some of the important factors contributing to gaining the attention of Markets. Price is one of the major restraining factors in the reduced fat meat market. Reduced fat meat is uneconomical compared to animal-based meat, which is likely to impact its growth in price-sensitive markets such as India, China, and South Africa. Companies offering reduced fat meat are trying to reduce prices, as their high price over conventional meat hampers the rapidly growing reduced fat meat industry. Reduced fat meat products contain nutritional benefits similar to that of traditional meat. Manufacturers try to make the meat similar to traditional meat in terms of texture, color, flavour, and taste. However, most consumers are dissatisfied by the taste and variety of reduced meat products. Consumers have a perception that there is a significant compromise in taste if they opt for reduced fat meat. In August 2021, Beyond Meat launched a new online e-commerce website to make its reduced fat meat products more accessible to consumers. The website will give consumers easy access to the vast portfolio of reduced fat meat products and make it easier. Recently Kellog co. invested USD 45 Million to expand a manufacturing plant of Morningstar Farm in Ohio.Reduced Fat Meat Market Segment Analysis:
Based on the product, the Global Reduced Fat Market is segmented into Beef, Fish, Poultry, and others. Beef dominates the global reduced fat meat market owing to abundance supply, faster production, taste, and convenience. Fish also has the major share in this market due to its shelf life and rich availability everywhere. Other than beef, fish and poultry are also available in sheep, pig, and many more according to region. Based on the distribution channel, the global reduced fat meat market is segmented into Supermarket/ Hypermarket, Convenience stores, Specialty stores, and online retail. Supermarkets dominate the global market due to the availability of a wide variety of reduced-fat meat products in different brands and price ranges. Nowadays, online retail is also popular among consumers due to the digital world.Regional Insights:
North America dominates the global reduced fat meat market due to increased consumption of Reduced-fat meat products by the health-aware consumer. The Changing Lifestyle, rising health issues, and an increase in consumption of ready-to-eat food boosted the market growth. In the US the reduced-fat meat market is estimated at the US $2.3 Bn. in 2022. Europe is witnessing significant growth in the upcoming years. Factors attributing to the growth of the reduced-fat market in Europe is convenience and health benefits associated with the reduced-fat meat market. It is a healthy alternative to other meat products that have higher fat content owing to growth in regional sales performance. Producers are implementing strategic initiatives, such as increasing capacity, product innovation, and mergers & acquisitions, to increase their sales in the regional market The rapid urbanization and wide awareness about health are the main factors responsible for the growth reduced-fat meat market in the Asia Pacific. Due to the presence of a large number of food processing industries, it is possible to export the products to other the region as well. The objective of the report is to present a comprehensive analysis of the Global Reduced Fat Meat Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and projects the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.Reduced Fat Meat Market Scope: Inquire before buying
Reduced Fat Meat Market Base Year 2022 Forecast Period 2023-2029 Historical Data CAGR Market Size in 2022 Market Size in 2029 2018 to 2022 3.5% US$ 9.21 Bn US$ 11.72 Bn Segments Covered by Product Beef Fish Poultry Others by Distribution Channel Super Market/Hyper Market convenience stores Specialty store Online retail Regions Covered North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America Reduced Fat Meat Market Key Players are:
1. Amy's Kitchen 2. Beyond Meat Inc. 3. DuPont 4. Gardein Protein International 5. Gold & Green foods 6. Impossible Foods 7. Maple Leaf Foods 8. Pinnacle Foods 9. Quorn Foods 10.Sweet Earth Foods 11.Taifun-Tofu GmbH 12.The Vegetarian Butcher 13.Tesco 14.Dean Foods 15.Morning Star Farms 16.Alpha Foods 17.Planterra FoodFAQ
1. What is the forecasted CAGR of global reduced fat meat market from 2023-2029? Ans: The forecasted CAGR of global market from 2023-2029 is 3.5%. 2. Which segment in distribution channel dominate the global reduced fat meat market? Ans: Super Market segment dominate the global market due to Presence of wide variety and range of products they offer. 3. Which are the factors responsible for growth of reduced fat market in Asia Pacific? Ans: Factors responsible for growth of market in Asia pacific are Large Population, Urbanization, Adoption of western culture, Large Number of food processing Industries. 4. Currently, which region dominates the global reduced fat meat market? Ans: North American region currently dominates the global reduced fat market.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Reduced Fat Meat Market Size, by Market Value (US$ Bn.) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Reduced Fat Meat Market 3.4. Geographical Snapshot of the Reduced Fat Meat Market, By Manufacturer share 4. Global Reduced Fat Meat Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Reduced Fat Meat Market 5. Supply Side and Demand Side Indicators 6. Global Reduced Fat Meat Market Analysis and Forecast, 2022-2029 6.1. Global Reduced Fat Meat Market Size & Y-o-Y Growth Analysis. 7. Global Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 7.1.1. Beef 7.1.2. Fish 7.1.3. Poultry 7.1.4. Others 7.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 7.2.1. Super Market/Hyper Market 7.2.2. convenience stores 7.2.3. Specialty store 7.2.4. Online retail 8. Global Reduced Fat Meat Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 9.1.1. Beef 9.1.2. Fish 9.1.3. Poultry 9.1.4. Others 9.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 9.2.1. Super Market/Hyper Market 9.2.2. Convenience store 9.2.3. Specialty store 9.2.4. Online retail 10. North America Reduced Fat Meat Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 12. Canada Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 13. Mexico Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 14. Europe Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 15. Europe Reduced Fat Meat Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 17. France Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 18. Germany Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 19. Italy Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 20. Spain Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 21. Sweden Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 22. CIS Countries Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 23. Rest of Europe Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 24. Asia Pacific Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 25. Asia Pacific Reduced Fat Meat Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 27. India Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 28. Japan Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 29. South Korea Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 30. Australia Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 31. ASEAN Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 32. Rest of Asia Pacific Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 33. Middle East Africa Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 34. Middle East Africa Reduced Fat Meat Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 36. GCC Countries Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 37. Egypt Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 38. Nigeria Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 39. Rest of ME&A Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 40. South America Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 41. South America Reduced Fat Meat Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 43. Argentina Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 44. Rest of South America Reduced Fat Meat Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Distribution Channel , 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Reduced Fat Meat Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Amy’s Kitchen 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Beyond Meat Inc 45.3.3. Du Pont 45.3.4. Gardein Protein International 45.3.5. Gold & Green foods 45.3.6. Impossible Foods 45.3.7. Maple Leaf Foods 45.3.8. Pinnacle Foods 45.3.9. Quorn Foods 45.3.10. Sweet Earth Foods 45.3.11. Taifun-Tofu GmbH 45.3.12. The Vegetarian Butcher 45.3.13. Tesco 45.3.14. Dean Foods 45.3.15. Morning Star Farms 45.3.16. Alpha Foods 45.3.17. Planterra Food 46. Primary Key Insights