Global
Hog Production and Pork Market: Overview
Hog
production is essentially a part of agricultural economy. It entails
raising and breeding of pigs primarily for their meat which is
popularly known as pork. Pork is the most commonly consumed meat in
the world. Both the fresh and processed varieties that includes bacon
and ham, sausages, hot dogs, Charcuterie (French term), and the
canned meat are popular in the market. As per the Food and
Agriculture Organization (FAO) of the United Nations, pork accounted
for more than 36% of the world meat intake. It is followed by poultry
and beef which account for 35% and 22% respectively.
A
report by Transparency Market Research offers key insights into the
global hog production and pork market after thorough research. It
ascertains the various strengths and opportunities likely to
influence its growth trajectory. The report also throws light on the
intensity of the competition in the overall market along with
determining the business and marketing strategies of the key players
in the global market.
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exclusive Sample of this report:
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Global
Hog Production and Pork Market: Drivers and Trends
The
global hog production and pork market has been primarily driven in
the recent decades by the changes in consumption patterns brought
about by rising incomes, particularly in developing countries with
fast-growing economies. In fact, the pork sector has outshone most
other sub-segments of livestock in terms of growth pace. Rapid
improvements in breeding technologies for pigs have also filliped the
market substantially in the recent past and transformed commercial
hog production into a high-input, high-output industry.
To
harness the complete genetic potential of the few breeds used in
modern production systems, manufacturers need to provide standardized
environments for the pigs, something which small, independent owners
may not be able to achieve on account of the high capital required
for it. This has led to a noticeable trend in the global hog
production and pork market – shift towards large-scale
industrialized farming from subsistence-driven small-scale
production. In the years ahead, the rising use of heart valves of
hogs for implantation of human heart valve is expected to positively
impact the market.
A
major market restraint is the religious beliefs in certain regions
which hamper the pork industry. Yet another challenge to the market
is the restrictions on imports and exports on various grounds. For
example, pigs fed ractopamine, a feed additive that brings about
leanness, is banned in many markets.
Global
Hog Production and Pork Market: Geographical Outlook
China
is the top pork producing country in the world. The Chinese demand
for pork is also driving growth in the global
hog production and pork market. It is trailed by the U.S. and
Europe. One of the major driving factors for the pork production
industry in the two regions is the growing demand of processed meat.
Pork is also a staple ingredient of daily meals in the two regions
and is required by the growing number of restaurants and the fast
food centers. The U.S. is also a net exporter of pork. According to
the United States Department of Agriculture (USDA), the main markets
for U.S. pork products are Japan, Mexico, and Canada. Other major
pork producers in the world are Vietnam, Brazil, Russia, Canada,
Japan, Philippines, and Mexico.
Companies
Mentioned in Report
In
order to assess the prevailing competitive landscape in the global
hog production and pork market, the report profiles prominent players
such as Royal Pig Farm, Premium Standard Farm Inc., Smithfield Foods,
and Compassion in World Farming.
