How has the meat market evolved, and where is it heading next?
The meat market size has grown strongly in recent years. It will grow from $1252.61 billion in 2024 to $1353.27 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to population growth and urbanization, rising affluence and middle-class expansion, cultural and dietary preferences, globalization of food markets, technological advancements in processing.
The meat market size is expected to see strong growth in the next few years. It will grow to $1763.69 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to health and wellness trends, plant-based and alternative proteins, environmental and ethical considerations, e-commerce and direct-to-consumer sales, regulatory changes and standards. Major trends in the forecast period include growing interest in exotic and novelty meats, emphasis on sustainable and regenerative agriculture practices, development of hybrid meat products, focus on local and ethically sourced meat, introduction of 3D-printed meat.
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Which major factors have contributed to the expansion of the meat market?
Growing meat consumption is expected to boost the growth of the meat market going forward. Meat refers to the flesh or other edible components of animals (often domesticated cattle, swine, and sheep) used for food, which may also include tendons, ligaments, and muscles. Consumption of meat is increasing worldwide as it is a good source of protein and contains a number of vitamins and minerals, such as selenium, niacin, and vitamin B12. For instance, in December 2023, according to reports published by Sentient Media., a US-based, non-profit media organization, every year, the average American consumes 224.6 pounds of meat, which includes cattle, pigs, broilers, and turkey. These numbers are expected to increase in the future. Therefore, growing meat consumption is driving the growth of the meat market.
How is the meat market segmented?
The meat market covered in this report is segmented –
1) By Type: Raw, Processed
2) By Product: Chicken, Beef, Pork, Mutton, Other Products
3) By Distribution Channel: Super markets and Hyper markets, Departmental Stores, Specialty Stores, Online Stores, Other Distribution Channels
Subsegments:
1) By Raw: Fresh Meat, Frozen Meat, Chilled Meat
2) By Processed: Cured Meat, Sausages and Deli Meats, Ready-to-Eat Meat Products
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Who are the top competitors in the meat market?
Major companies operating in the meat market include WH Group Limited, Pilgrim’s Pride Corporation, Smithfield Foods Inc., Hormel Foods Corporation, Conagra Brands Inc., National Beef Packing Company LLC, Danish Crown A/S, Seaboard Corporation, Cargill Incorporated, JBS S.A., Sysco Corporation, Tyson Foods Inc., NH Foods Ltd., OSI Group LLC, Perdue Farms Incorporated, Minerva Foods S.A., Vion Food Group N.V., Marfrig Global Foods S.A., Maple Leaf Foods Inc., BRF Global S.A., Triumph Foods LLC, Sanderson Farms Inc., Cherkizovo Group OJSC, Wayne Farms LLC, West Liberty Foods LLC, Clemens Food Group Inc., The Maschhoffs LLC, Dawn Meats Group Limited, China Yurun Food Group Co Ltd.
Which key trends are expected to influence the meat market in the coming years?
Major companies operating in the meat market are focusing on developing innovative products, such as vegan meat, offering a vegan option that caters to health-conscious consumers. Vegan meat is a plant-based alternative to traditional meat, made from ingredients like soy, peas, beans, and grains. For instance, in August 2022, OTS Holdings, a Singapore-based manufacturer of ready-to-eat and ready-to-cook meat products, announced that a new line of plant-based canned meat has been developed, offering a convenient and innovative alternative to traditional meat products. Crafted from a blend of wheat, soy protein, vegetable juice, and Eucheuma seaweed, this ready-to-eat option combines modern culinary techniques with traditional flavors. After two years of research, it aims to provide a satisfying taste experience while catering to the growing demand for sustainable food choices.
Which regional trends are influencing the meat market, and which area dominates the industry?
The countries covered in the meat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Meat Market Report 2025 Offer?
The meat market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Meat is the flesh of an animal that is cooked and taken by humans for their consumption. It is a significant source of important nutrients for many people, including high-quality protein, iron, and B vitamins.
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