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The duck meat market size is projected to increase by USD 1.85 billion at a CAGR of 2.9% between 2023 and 2028. The market is experiencing significant growth on a global scale, driven by increasing production and consumer demand. Duck meat, a nutrient-dense poultry option, boasts numerous health benefits. Rich in protein, essential amino acids, and healthy fats, it supports muscle growth and overall well-being. Additionally, duck meat contains selenium, zinc, and iron, contributing to a strong immune system and improved cognitive function. As production of poultry meat ramps up, international trade of duck meat has become more prevalent. Countries like China, Hungary, and France are major producers, while others, such as the United States and Canada, are significant importers. The import and export of duck meat not only facilitate global market access but also ensure a consistent supply and diverse range of products. This dynamic market trend is expected to continue, with potential for further growth in the coming years.
The market shows an Accelerated CAGR during the forecast period.
The market encompasses various types, including those from lab-grown and cellular agriculture, as well as farmed-duck and wild waterfowl such as Pekin and Muscovy ducks. Molecular agriculture plays a significant role in the production of nutrient-dense duck meat, ensuring adequate levels of essential nutrients like Niacin, Iron, Zinc, Phosphorus, Riboflavin, Vitamin B-6, Thiamine, Vitamin B-12, Folate, and Magnesium. In the foodservice sector, its consumption continues to grow due to its rich taste and nutritional value.
Increasing global production of duck meat is a key factor driving market growth. This expansion can be attributed to the rising demand for duck meat due to its health benefits and the increased production capacities of major companies. This is a nutrient-dense source of protein, containing essential nutrients such as niacin, iron, zinc, phosphorus, riboflavin, vitamin B-6, thiamine, vitamin B-12, folate, and magnesium. Despite the global economic crisis, the market continues to grow, with processed duck meat finding popularity in the foodservice sector.
Furthermore, animal husbandry practices have led to the farming of various duck breeds, including Pekin and Muscovy ducks, for meat production. It can be prepared in various ways, including roasting, grilling, frying, and braising, and is a popular alternative to white and red meat for those following a vegan diet or exploring lab-grown and cultured meat options. Waterfowl, both farmed and wild, are the primary sources of duck meat, with Peking duck and duck à l'orange being popular dishes. Duck skin is also a valued component of the market, used in various culinary applications.
The development of cultivated meat using cellular agriculture helps obtain cultivated meats that are eco-friendly and do not involve the slaughter of animals and is the key trend of the market. It is another source of artificial meat The global market is experiencing significant growth due to advancements in lab-grown meat through molecular agriculture. This eco-friendly process, also known as cellular agriculture, does not require the slaughter of animals and is expected to decrease animal meat consumption and contribute to climate change mitigation. Despite the high manufacturing costs, investments, such as Upside Foods' USD400 million raise in April 2022, are accelerating the commercialization of cultured meat.
Furthermore, It is a nutrient-dense white and red meat, rich in essential nutrients and vitamins like myoglobin, niacin, iron, zinc, phosphorus, riboflavin, vitamin B-6, thiamine, vitamin B-12, folate, and magnesium. Processed duck meat is widely used in the foodservice sector, while animal husbandry continues to provide farmed and wild duck varieties, including Pekin, Muscovy, and various duck-skins. Preparation methods include roasting, grilling, frying, and braising, resulting in dishes like Peking duck and duck à l'orange. AJC International and other meat processors are exploring the potential of cultured meat to meet the demand for sustainable and ethical meat alternatives.
The increasing popularity of vegan diets is challenging market expansion. The global shift towards vegan diets poses a significant challenge to the market. Over the last decade, the number of individuals adhering to vegan food choices has tripled. This trend is reflected in the foodservice sector, which now offers an expanded range of vegan options. The popularity of veganism is driven by various health benefits, including the presence of essential nutrients like Niacin, Iron, Zinc, Phosphorus, Riboflavin, Vitamin B-6, Thiamine, Vitamin B-12, Folate, and Magnesium in vegan diets.
Moreover, as the world grapples with the economic crisis, alternative protein sources like lab-grown meat and molecular agriculture gain traction. Traditional duck meat, categorized as red meat due to its myoglobin content, faces competition from nutrient-dense, white meat alternatives like chicken breasts. These processors, including AJC International and producers of farmed duck, Turkey and wild ducks such as Pekin, Muscovy, and waterfowl, must adapt to this changing market landscape. Consumption of processed meat through methods like roasting, grilling, frying, and braising continues, but its market share is dwindling. Cultured duck meat is an emerging alternative, but it remains to be seen how it will impact the traditional market during the forecast period.
Amidst the global economic crisis, the market faces challenges due to the increasing trend towards online shopping and the rise of alternative protein sources like lab-grown meat and molecular agriculture. Traditional sales channels, including hypermarkets, supermarkets, clubhouse stores, department stores, and independent retailers, have seen declining revenue from these sales. Retailers respond by implementing new strategies, such as improved pricing and expanded assortments. In the marketing and sales of duck meat, attractive displays are utilized to boost sales. It is a nutrient-dense source of protein, myoglobin, niacin, iron, zinc, phosphorus, riboflavin, vitamin B-6, thiamine, vitamin B-12, folate, and magnesium. It is consumed in various forms, such as white meat, red meat, and processed duck meat, through the foodservice sector and animal husbandry. These processors offer a range of products, including Pekin duck, Muscovy duck, and duck skin, prepared through methods like roasting, grilling, frying, and braising. The market includes key players like AJC International and waterfowl farmers producing farmed and wild duck.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market share growth by the offline segment will be significant during the forecast period. It includes various formats such as hypermarkets, supermarkets, clubhouse stores, department stores, and independent retailers. Moreover, increasing online sales have also been observed. Moreover, companies are investing in store expansion and utilizing business strategies like better pricing strategies, wider assortments, and attractive displays to compete in the market and increase sales. Moreover, major players are expanding sales by catering to a wide range of consumer categories with diverse demands. The most popular formats include hypermarkets and supermarkets such as Walmart and Target which offer a wide range of meat products at varying prices
The offline segment was valued at USD 9.90 billion in 2018.
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Department stores is also a major offline channel due to a growing number of stores, diverse product portfolios, and easy accessibility. Independent retailers are also expanding in which an owner oversees all the operations of the store. These include staffing, marketing, merchandising, and sales. Hence, such factors are expected to boost the market growth and forecasting segment demand during the forecast years.
APAC is estimated to contribute 71% to the growth of the global market during the forecast period
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Technavio’s analysts have elaborately explained the regional market growth and trends that shape the market during the forecast period.
In the APAC region, the market is experiencing significant growth. Thai and Vietnamese duck curries are popular dishes that contribute to the demand for this protein-rich meat. Duck confit is another preferred preparation method. Consumers are increasingly seeking duck meat as a healthier alternative to beef and hog. Price sensitivity and dietary restrictions are factors influencing consumer preferences. However, concerns regarding environmental effects, water use, and waste management may impact market growth. Preservatives are used in processed duck items, which can be a concern for some consumers. Classic dishes and offerings in international restaurants continue to drive demand. The market can be segmented into store-based and non-store-based sales, with frozen whole-ducks, duck chops, and processed duck-items being popular choices.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market forecasting growth and analysis.
The market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 10 market companies, including:
AJC International Inc., Charoen Pokphand Foods PCL, Cooperativacentralaurora, Culver Duck Farms, Gressingham Foods, Grimaud Farms, Joe Jurgielewicz and Son Ltd., Kuhne Heitz Holland B.V., Luv a Duck Pty Ltd., Maple Leaf Farms Inc., New Hope Liuhe Co. Ltd., Orvia, PANNDDU POULTRY FARMS AND HATCHERIES, Pepes Ducks Ltd., Surabhi Meat Traders, Upside Foods Inc., Westminster Meat Market Ltd., and YESRAJ AGRO EXPORTS PVT. LTD.
The market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is a significant sector in the animal protein industry, with key players focusing on supplying high-quality products to meet the increasing demand.This is a popular source of protein in various cuisines worldwide, particularly in Asia. Major duck meat producing countries include China, Egypt, and Hungary. In China, its consumption is high due to its cultural significance in traditional dishes like Peking Duck and Chinese Roast Duck. Egypt is another major producer, with a significant portion of the production being exported to Europe and the Middle East. Hungary is known for its Foie Gras production, a delicacy made from the liver of duck or goose. The market is driven by factors such as increasing consumer awareness of the nutritional benefits, growing demand for organic and free-range duck meat, and the rising popularity of Asian cuisine globally. Additionally, the market is expected to grow due to the increasing demand for alternative sources of protein and the expanding retail sector.
Molecular cultivation is an emerging trend in the market, with companies exploring the potential of producing it through cellular agriculture. This innovative approach could potentially address concerns related to animal welfare and sustainability while meeting the growing demand. In conclusion, the global market is set for growth, driven by factors such as increasing consumer awareness, cultural significance, and emerging trends. Key players in the market are focusing on innovation and sustainability to meet the evolving demands of consumers.
Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.9% |
Market growth 2024-2028 |
USD 1.85 billion |
Market structure |
USD Fragmented |
YoY growth 2023-2024(%) |
2.78 |
Regional analysis |
APAC, Europe, Middle East and Africa, North America, and South America |
Performing market contribution |
APAC at 71% |
Key countries |
China, Japan, Malaysia, France, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AJC International Inc., AMI LLC sp.k, Cargill Inc., Charoen Pokphand Foods PCL, Cooperativacentralaurora, Culver Duck Farms, Gressingham Foods, Grimaud Farms, Joe Jurgielewicz and Son Ltd., Kuhne Heitz Holland B.V., Luv a Duck Pty Ltd., Maple Leaf Farms Inc., New Hope Liuhe Co. Ltd., Orvia, PANNDDU POULTRY FARMS AND HATCHERIES, Pepes Ducks Ltd., Surabhi Meat Traders, Upside Foods Inc., Westminster Meat Market Ltd., and YESRAJ AGRO EXPORTS PVT. LTD. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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