$1.6 bn to be added to the global duck meat market by 2025
A recent Technavio study on the global duck meat market reveals that the segment may have a boost of $1.59 billion in the next years, as the demand in several regions is expected to grow. For the period of 2020-2025, analysts are expecting a CAGR of 2.74%, which is accelerated considered the results reported for the last decade. The rise in the global demand for duck meat can be attributed to the increase in health benefits associated with its consumption. The expansion of the production capacities of major vendors impacts the growth of the global duck meat market. This increases the choices available to customers in the market. These factors directly impact the growth of the global duck meat market. APAC and Europe are the key producers of duck meat in the global duck meat market.
"The duck meat market share growth in APAC will be significant during the forecast period. China, Japan, and Malaysia are the key countries for the market in the region. Moreover, market growth in APAC will be faster than the growth of the market in other regions. Increasing global production of duck meat will drive the duck meat market growth in APAC during the forecast period," the report said. Last year, the global duck meat market reported a growth of 2.59%.
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