![]() With 24 million metric tons, the European Union came in second, followed by the United States with 12 million metric tons. China was the market leader, producing more than 43 million metric tons of pork. Global pork output in 2021 is expected to reach 105 million metric tons, according to the USDA’s “Livestock and Poultry: World Markets and Trade” study. Pork production and consumption are very high in industrialized areas like North America and Europe, as well as emerging nations like China and Japan, according to Mordor Intelligence’s Swine Feed Market research. Furthermore, the customer is captivated by its flavor, fat content, and texture. ![]() Pork is less expensive than other meats, which contributes to its widespread popularity. Pork is the most extensively eaten meat in the world, especially in Europe and Southeast Asia. While working on the industry analysis section of the piggery farm business plan make sure that you add a significant number of stats to support your claims and use proper referencing so that your lender can validate the data. According to Mordor Intelligence’s Swine Feed Market (2021-2026) analysis, the swine feed market was valued at USD 135.30 billion in 2019 and is predicted to grow at a CAGR of 4.1 percent from 2020 to 2025. Pig feed is predicted to expand at a similar rate. According to Allied Market Research’s “Pig Meat Market (2021–2027)” analysis, the worldwide pork meat market was worth $236,112.7 million in 2019, and is expected to grow to $257,874.5 million by 2027, with a CAGR of 3.9 percent from 2021 to 2027. The worldwide pig business may be classified into two categories: meat and feed. During the projected period of 2020-2025, the pig feed market is estimated to grow at a CAGR of 4.1 percent. From 2021 to 2027, the worldwide pork meat market is expected to grow at a CAGR of 3.9 percent to $257,874.5 million. ![]() These nations continue to dominate the world in terms of pig population, pork production/consumption, and pig feed production, and their development prospects are bright. The worldwide pork sector attracts attention as a market dominated by China, the European Union, and the United States. Pork exports in the United States hit a new high of $7 billion in 2019, and by September 2020, a record 29 percent of pork production-nearly one out of every three pigs-had been exported. Pork exports have been steadily increasing. pork output to overseas purchasers (equal to more than 1 in 5 pigs). Between 20, the pork industry sold an average of 22% of U.S. The United States has been one of the largest exporters of hog meat in the world during the previous three decades. The pork sector in the United States is projected to be worth $19 billion, with 26,310 enterprises and 53,236 jobs. You can order a custom market research report for your piggery farm business.Īccording to the USDA, 129.9 million farmed pigs were killed for food in the United States in 2019. The industry analysis section of the piggery farm business plan will help you get better insights into competitors, market growth, and overall industry prospects. You can get an idea of your projected revenue, required investment amount, is the business sustainable without additional funding, etc. Financial Overview:įinancials is one of the most important sections of a piggery farm business plan. ![]() Pig production intensification boosts profits for a few mega-corporations at the expense of animals, customers, employees, nearby communities, and global health. ![]() Over 98 percent of farmed pigs in the United States are kept in factory farms, with many of them concentrated in only a few of the country’s top pork-producing states. The pork industry in the United States is not widely dispersed rather, it is concentrated in a few states and counties in the Midwest and eastern North Carolina. The United States produces the second-largest amount of pigs in the world. Pork accounted for about a quarter of Americans’ average yearly meat intake in 2020, with 52.1 pounds eaten per capita. Industry Overview: After chicken meat and beef, pork is the third most popular meat in America. Vision: By cultivating a culture of operational excellence and innovation, we will be able to compete in a global market for protein production. Mission: To provide our clients and the food businesses they serve with safe, healthy, and high-quality pork. ![]()
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