Revenue in the Meat segment amounts to US$418.90bn in 2023. The market is expected to grow annually by 4.38% (CAGR 2023-2027).
In global comparison, most revenue is generated in the United States (US$165.30bn in 2023).
In relation to total population figures, per person revenues of US$493.20 are generated in 2023.
In the Meat segment, volume is expected to amount to 41.56bn kg by 2027. The Meat segment is expected to show a volume growth of 2.5% in 2024.
The average volume per person in the Meat segment is expected to amount to 46.46kg in 2023.
The Meat segment includes fresh meat, processed meat and meat substitutes. The Fresh Meat segment covers beef, veal, pork, poultry, mutton, goat, and other fresh meat. The Processed Meat segment contains ham, bacon, sausages, cold cuts, and roasted meat. The Meat Substitutes segment includes plant-based meat and vegetarian meat. Meats are among the top product groups in the Food market in terms of sales and revenue. Yet due to growing health consciousness and the desire for meat alternatives among consumers, the demand for meat has slowed, as reflected by sales figures in some countries.