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The global duck meat market is projected to reach a value of USD 13.59 billion in 2027, at a CAGR of 2.94%. Duck meat is known for its rich flavor and tender texture, making it popular in various cuisines around the world. The largest regional producer is APAC, followed by Europe. Some of the largest meat-producing countries in the world include China, France, and Australia. The growing population and consumer preference for meat as a poultry product are accountable for increasing demand in China and Indonesia.
Overview of the Market
Analysis Period | 2017-2027 |
Market Size (2017) Historic Year | USD 10.90 billion |
Market Size (2027) - Forecasted Year | USD 13.59 billion |
Historic Opportunity (2017-2021) | USD 0.55 billion |
Historic CAGR | 1.23 % |
Forecasted Opportunity (2023-2027) | USD 1.83 billion |
Market Opportunity Transformation Growth | 24.63 % |
Market Opportunity Capitalization | USD 2.38 billion |
The increasing demand for meat is mostly due to increasing awareness of the health benefits associated with its consumption. The demand for items such as succulent duck breast, duck fat, duck legs, duckling wings, frozen whole duck, and cuts, including rich foie gras, is on the rise. Major companies such as Charoen Pokphand Foods offer different varieties of duck such as Manila duck, Khaki Campbell, and Peking duck, and are investing in production expansion. Hence, such factors will boost market development analysis during the projection period.
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The development of lab-grown meat using cellular agriculture helps obtain cultivated meats that are eco-friendly and do not involve the slaughter of animals. Additionally, researchers believe it can help tackle critical issues like climate change. However, the manufacturing process associated with producing cultivated meat in labs is expensive, reducing large-scale adoption and scope.
However, there are major companies that are investing significant amounts with regard to cultivated meat products. For example, Upside Foods declared it would invest USD 400 Billion, focusing on reducing the production cost associated with making cultivated meat and hence speeding commercialization. Moreover, it is the first company that has successfully produced lab-grown meat from multiple species like duck, beef, and chicken. Hence, such factors are expected to boost market growth during the prediction period.
The increasing popularity of vegan diets is challenging market expansion. Moreover, there are an increasing number of food service outlets that offer diverse vegan options which is increasing the popularity of veganism further. This consumer shift will pose a serious challenge to the global market during the forecast years.
Furthermore, the various health benefits associated with vegan diets include it being rich in fiber, antioxidants, and healthy plant-based proteins. Moreover, they have a high concentration of potassium, magnesium, folate, and vitamins A, C, and E. They also help to reduce excess weight, improve kidney function, lower blood sugar levels and reduce the risk of heart disease. Due to all these factors, there is a shift toward increasing preference for vegan diets, especially observed among millennials. Such factors will hamper market growth during the forecast duration.
Market Segmentation by Product
The fresh meat segment will account for a significant share of market development during the projection period. Due to being a good source of proteins and minerals such as selenium, phosphorus, iron, potassium, and vitamins is very popular among meat eaters. However, most prefer fresh meat due to processed meat having preservatives and other synthetic ingredients. This is especially observed by the high demand for fresh meat in APAC and MEA. Moreover, in Australia, there is increased production to cater to the increasing demand for fresh meat. One of the major Australian meat companies, Pepe Ducks Pty Ltd, has two different types of Peking ducks: the Grimaud duck (French) and the Cherry Valley duck (English). Moreover, the increasing availability of fresh meat through offline channels like supermarkets, hypermarkets, convenience stores, and other distribution channels is increasing demand. Additionally, factors such as increasing consumer disposable income, especially in APAC will boost segment growth during the prediction duration.
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
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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.
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APAC is estimated to contribute 73% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC is the largest regional consumer and producer of meat due to various factors including increasing health awareness among consumers, the convenience offered by processed meats, and expansion of fast-food chains. Moreover. health benefits of meat such as it being a good source of protein are increasing in popularity among fitness enthusiasts. Large-scale trade of duck products has been observed in APAC, with both imports and exports being high compared to other regions. Factors like the increasing popularity of packaged meat in APAC and the shift towards online shopping, orders and shipping with home delivery are also predicted to boost regional market gain during the forecast period. Moreover, various vendors offer meat in the region such as Pepes Ducks Ltd. In the region. China is the dominant producer and exporter and it caters to the rising demand for duck products in countries like Hong Kong and Indonesia. Hence such factors will boost regional market analysis and report during the forecast years.
Companies are implementing various strategies, such as strategic alliances, partnerships, pricing and cost analysis, marketing strategies and promotions, market forecasting strategies, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Customer Landscape
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Overview of the duck meat market highlights diverse options and consumer trends. Various types of duck meat cater to distinct consumer Preferences and buying patterns. Exploring the health benefits of duck meat consumption adds to its appeal. The rich flavors and nutritional advantages that make duck a favored choice in culinary preferences. Gourmet and restaurant enthusiasts seeking exquisite flavors can indulge in premium duck meat at specialized butcher shops or select meat markets. These establishments offer a wide range of cuts, including succulent duck breast meat, flavorful legs, and delectable wings. For a gourmet meal, experimenting with new recipes, or for a culinary delicacy, a dedicated duck butcher supplier the market experiences a wide range of diversity.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest market trends and analysis and growth opportunities from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.94% |
Market growth 2023-2027 |
USD 1.83 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
2.73 |
Regional analysis |
APAC, Europe, Middle East and Africa, North America, and South America |
Performing market contribution |
APAC at 73% |
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 growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the 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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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