Global meat market value 2018 & 2023

The value of the global meat sector was valued at 945.7 billion U.S. dollars in 2018, and was forecast to increase to 1142.9 billion U.S. dollars by 2023.

Global meat industry

The production volume of meat worldwide has seen a slight increase between 2016 and 2018, from 317.2 million metric tons to around 330.5 million metric tons. During that time period, pork and poultry were the two most produced types of meat in terms of weight. In 2016 and 2017 pork had a slightly larger production volume than poultry but between 2017 and 2018, poultry overtook pork as the leading of meat worldwide.

Beef in the United States

The United States is the world’s leading producer of beef and veal as of 2019. In that year, the U.S.’s beef production amounted to 12.73 million metric tons. The United States also has the largest domestic consumption of beef of any country. On a regional level, the amount that each consumer in the United States spends on beef on an annual basis varies quite significantly, with the Western United States having the highest household expenditure on beef, and the Midwest having the lowest.

Meat sector value worldwide in 2018 and 2023

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Sources

Release date

May 2019

Region

Worldwide

Survey time period

2018

Supplementary notes

* Forecast.

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Statistics on "Global meat industry "

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