The new report by Expert Market Research titled, ‘Global Sheep Meat Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global sheep meat market, assessing the market based on its segments like nature, product types, offerings, distribution channels, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

Market Size (2021): 15619.58 CWE tons (Production)
Forecast CAGR (2021-2026): 1.8%
Forecast Market Size (2025): 17076.87 CWE tons (Production)
A number of consumers in Europe and parts of Asia and Africa are likely to consider sheep meat as a rich source of high-quality protein and fat content, which is expected to propel its market forward in these regions. The growing demand among the millennial population worldwide for ready-to-cook and ready-to-eat food products and the incorporation of nutritious food products is increasing the demand for sheep meat.

Industry Definition and Major Segments

The meat derived from sheep is sheep meat, which was one of the first animals to be domesticated. They deliver an ample supply of wool, milk, meat, and skin. Before the first birthday of a sheep, sheep meat is called lamb meat. As they feed on their mother’s milk, the lamb meat is more tender than that of sheep. Sheep meat provides a rich source of minerals and vitamins and has a higher content of fat than beef.

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Based on nature, the market is bifurcated into:

Organic
Conventional
On the basis of product type, the industry is divided into:

Fresh
Frozen
Processed
By offering, the industry is segmented into:

Neck
Shoulder
Rib
Breast
Leg
Foreshank
Others
Based on distribution channel, the industry is categorised into:

Direct
Indirect
The regional markets for sheep meat include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends

The sheep meat market is being aided by the growing population of health-conscious consumers worldwide. Sheep meat is a rich source of high-quality protein and fat, which is increasing its popularity among health-conscious consumers. The increasing integration of healthy food products into daily diets is also stimulating the growth of the industry. The market is also finding impetus in the growing consumption of processed food among the younger population, catalysed by their growing disposable incomes and busier lifestyles.

Key Market Players

The major players in the market are Samex Australian Meat Co Pty Ltd., Southern Meats Pty Ltd, Sydra Global, Irish Country Meats, Western Meat Exporters Pty Ltd, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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