Key regions: United Kingdom, United States, Brazil, Germany, Italy
The Meat market in United Kingdom has been experiencing some interesting developments in recent years.
Customer preferences: There has been a growing trend towards plant-based diets in the United Kingdom, with an increasing number of consumers opting for meat-free alternatives. This trend has been driven by concerns over animal welfare, the environment, and health. However, despite this trend, meat consumption in the United Kingdom remains high, with many consumers still preferring traditional meat-based dishes.
Trends in the market: One of the key trends in the Meat market in United Kingdom is the growing demand for high-quality, locally sourced meat. Consumers are increasingly looking for meat that has been raised in a sustainable and ethical way, and are willing to pay a premium for this. This trend has been driven by concerns over the environmental impact of meat production, as well as a desire to support local farmers and producers.Another trend in the Meat market in United Kingdom is the growing popularity of premium meat products, such as grass-fed beef and free-range chicken. These products are seen as healthier and more ethical than conventionally produced meat, and are often marketed as such. This trend has been driven by a growing awareness of the health benefits of high-quality meat, as well as a desire to support sustainable and ethical farming practices.
Local special circumstances: The Meat market in United Kingdom is also influenced by local factors, such as the popularity of certain types of meat in different regions. For example, beef is particularly popular in Scotland, while lamb is more commonly consumed in Wales. Additionally, the rise of online shopping has made it easier for consumers to access a wider range of meat products, including more unusual cuts and types of meat.
Underlying macroeconomic factors: The Meat market in United Kingdom is also influenced by broader macroeconomic factors, such as changes in consumer spending patterns and the overall health of the economy. For example, during times of economic uncertainty, consumers may be more likely to opt for cheaper cuts of meat or switch to meat-free alternatives. Additionally, changes in trade policy and import/export regulations can have a significant impact on the availability and price of meat products in the United Kingdom.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, 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.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 S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.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.
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