Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By End Users (Food Processing Industry, Food Service Providers, Household/ Retail), By Distribution Channel (B2B Direct, Hypermarkets/ Supermarkets, Convenience Stores, Specialty Stores, Butcher Shop/ Wets, Online Retailing) And Competitive Landscape
Product Code: ETC436450 | Publication Date: Dec 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Latin America Turkey Meat Market is forecast to grow over the years. The popularity of turkey meat has led to a significant increase in the turkey meat market in Latin America. The key drivers of this growth include growing demand from Muslim and Catholic populations, increasing concerns over health and environmental issues. Additionally, Brazil is the largest producer and consumer of turkey meat in the region which further contributing to the Latin America Turkey Meat Market growth during the forecast period. Turkey is the most popular poultry meat in Latin America. The region has a long and strong tradition of using turkey as a main dish, which has helped make it one of the most important turkey markets in the world. In addition to its popularity as a main course, turkey is also used for various other dishes such as soups, salads, and sandwiches.
According to 6Wresearch, Latin America Turkey Meat Market is expected to grow during 2022-2028. The main reasons for this significant growth are increasing demand for turkey meat, increasing number of vegetarians and consumers who are seeking more health-conscious options, as well as growing religious observance populations that prefer poultry products over red meat products. The increasing awareness of the health benefits associated with consuming turkeys and growing preference for traditional Brazilian dishes are propelling the demand of Latin America Turkey Meat Industry. Moreover, the rising disposable income, increased investment in poultry production by poultry companies, and increasing demand for healthier food options among consumers are also contributing to the fuel the market demand during the forecast period.
The COVID-19 pandemic has had a significant impact on the Latin America Turkey Meat Market share as the demand for turkey meat has decreased as people have become more considerate about spending money on non-essential stuffs. The demands for turkey meat are expected to decline in the near future as consumers were opting for cheaper alternatives amid concerns about the economic impact of the pandemic. The supply of turkey meat has also been impacted by the pandemic which in turn led to higher prices for turkey meat in Latin America.
By countries, the market is segmented into Brazil, Mexico, Argentina, and Rest Of Latin America. The demand for Latin America Turkey Meat Market is rapidly growing in all the countries owing to the increasing demand for turkey meat.
The Latin America Turkey Meat Market is highly competitive with a number of players in the market, including major global conglomerates as well as small regional producers. The primary sources of supply for turkey meat in Latin America are Brazil and Uruguay. However, Turkey is also increasingly being imported from China and other parts of Asia. In recent years, there has been growth in demand for Turkish-style chicken products such as rotisserie chickens. This growth has been led by chain restaurants such as Pizza Hut which are looking for alternatives.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latin America Turkey Meat Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Turkey Meat Market Revenues & Volume, 2021 & 2028F |
3.3 Latin America Turkey Meat Market - Industry Life Cycle |
3.4 Latin America Turkey Meat Market - Porter's Five Forces |
3.5 Latin America Turkey Meat Market Revenues & Volume Share, By Countries, 2021 & 2028F |
3.6 Latin America Turkey Meat Market Revenues & Volume Share, By End Users, 2021 & 2028F |
3.7 Latin America Turkey Meat Market Revenues & Volume Share, By Distribution Channel, 2021 & 2028F |
4 Latin America Turkey Meat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Turkey Meat Market Trends |
6 Latin America Turkey Meat Market, 2018 - 2028 |
6.1 Latin America Turkey Meat Market, Revenues & Volume, By End Users, 2018 - 2028 |
6.2 Latin America Turkey Meat Market, Revenues & Volume, By Distribution Channel, 2018 - 2028 |
7 Brazil Turkey Meat Market, 2018 - 2028 |
7.1 Brazil Turkey Meat Market, Revenues & Volume, By End Users, 2018 - 2028 |
7.2 Brazil Turkey Meat Market, Revenues & Volume, By Distribution Channel, 2018 - 2028 |
8 Mexico Turkey Meat Market, 2018 - 2028 |
8.1 Mexico Turkey Meat Market, Revenues & Volume, By End Users, 2018 - 2028 |
8.2 Mexico Turkey Meat Market, Revenues & Volume, By Distribution Channel, 2018 - 2028 |
9 Argentina Turkey Meat Market, 2018 - 2028 |
9.1 Argentina Turkey Meat Market, Revenues & Volume, By End Users, 2018 - 2028 |
9.2 Argentina Turkey Meat Market, Revenues & Volume, By Distribution Channel, 2018 - 2028 |
10 Rest of Latin America Turkey Meat Market, 2018 - 2028 |
10.1 Rest of Latin America Turkey Meat Market, Revenues & Volume, By End Users, 2018 - 2028 |
10.2 Rest of Latin America Turkey Meat Market, Revenues & Volume, By Distribution Channel, 2018 - 2028 |
11 Latin America Turkey Meat Market Key Performance Indicators |
12 Latin America Turkey Meat Market - Opportunity Assessment |
12.1 Latin America Turkey Meat Market Opportunity Assessment, By Countries, 2021 & 2028F |
12.2 Latin America Turkey Meat Market Opportunity Assessment, By End Users, 2021 & 2028F |
12.3 Latin America Turkey Meat Market Opportunity Assessment, By Distribution Channel, 2021 & 2028F |
13 Latin America Turkey Meat Market - Competitive Landscape |
13.1 Latin America Turkey Meat Market Revenue Share, By Companies, 2021 |
13.2 Latin America Turkey Meat Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |