Meat - Worldwide

  • Worldwide
  • Revenue in the Meat market amounts to €1,345.00bn in 2024. The market is expected to grow annually by 6.33% (CAGR 2024-2028).
  • In global comparison, most revenue is generated in China (€250bn in 2024).
  • In relation to total population figures, per person revenues of €173.60 are generated in 2024.
  • In the Meat market, volume is expected to amount to 182.10bn kg by 2028. The Meat market is expected to show a volume growth of 3.2% in 2025.
  • The average volume per person in the Meat market is expected to amount to 20.9kg in 2024.

Key regions: United States, South Korea, India, Philippines, United Kingdom

 
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Analyst Opinion

There has recently been a surge in international meat prices. This rise reflects the limited number of global supplies from leading exporters as well as the mounting demand for meat amidst both the recovery of the economy and that of the overall meat market following the impact of recent unforeseen health crises (COVID-19 and the African Swine Fever outbreak). However, once COVID-19 and animal diseases are under more control, global meat supply is expected to grow in order to meet increasing consumer demands.

When it comes to the Meat market, it is important to consider the factors that influence consumption.Both population growth and demographic changes have led to an increase in market demand. Furthermore, economic growth and higher standards of living also play a significant role in consumption as they enable consumers to purchase more meat products. Religious beliefs, environmental and animal welfare concerns, as well as the awareness of health issues related to meat intake also impact the market.

A recent development within the Meat market is that consumers have recently been showing a preference for poultry meat. This change can be attributed to poultry being more affordable and having higher protein and lower fat content. Another trend that can be observed within the market is that there has been an abrupt increase in the consumption of plant-based meats and alternative proteins as consumers have shifted their focus more toward health and wellness diets.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Vue d’ensemble

  • Revenue
  • Analyst Opinion
  • Sales Channels
  • Volume
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
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