Meat - Albania | Statista Market Forecast

Revenue in the Meat market amounts to US$1.81bn in 2024. The market is expected to grow annually by 7.08% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$273bn in 2024).
In relation to total population figures, per person revenues of US$640.80 are generated in 2024.
In the Meat market, volume is expected to amount to 200.30m kg by 2029. The Meat market is expected to show a volume growth of 3.3% in 2025.0.
The average volume per person in the Meat market is expected to amount to 61.1kg in 2024.

Definition:

The Meat market covers animal (both domestic and wild) and non-animal meat that are bought and consumed for nutrient-based purposes.

Structure:

The market consists of 3 different submarkets:

The Fresh Meat market covers meat from both domestic and wild animals that are fresh, chilled, or frozen. This market is divided into five submarkets: beef & veal, pork, mutton & goat, poultry, and other fresh meat.
The Processed Meat market covers all types of meat that has been dried, salted, brined, or smoked. This segment is divided into three subsegments: cold & roast meat products, ham & bacon, sausages.
The Meat Substitutes market covers meat-replacement food items created from vegetarian or vegan components.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

Fresh Meat
Processed Meat
Meat Substitutes

Meat-based ready-to-eat meals
Out-of-home consumption

The Meat Market in Albania has seen minimal growth due to factors such as low consumer awareness and limited availability of online services. However, the sub-markets of Fresh Meat, Processed Meat, and Meat Substitutes have shown potential for growth in the future. Factors such as increasing demand for healthier options and advancements in technology could drive the overall market's growth in the coming years.

Customer preferences: In Albania, the Meat Market within The Food market has seen a rise in demand for locally-sourced and sustainably-raised meats. This trend is driven by consumers' growing awareness of the environmental impact of meat production and their desire for healthier, more ethical food choices. Additionally, there has been a shift towards plant-based options, as more individuals are adopting vegetarian and vegan diets for health and ethical reasons. This trend is also influenced by the younger generation's preference for more diverse and globally-inspired food options.

Trends in the market: In Albania, the Meat Market within The Food market is experiencing a rise in demand for locally sourced and organic meat products. This trend is driven by a growing concern for food safety and sustainability, with consumers opting for ethically produced meat. This trajectory is expected to continue as more consumers prioritize healthy and environmentally friendly food options. Industry stakeholders should take note of this trend and adapt their production methods to cater to this demand, as failure to do so could result in a decline in market share. Additionally, this trend presents opportunities for businesses to differentiate themselves by offering high-quality, locally sourced meat products.

Local special circumstances: In Albania, the Meat Market within The Food market is heavily influenced by the country's rich culinary traditions and cultural preferences. The consumption of meat is an integral part of Albanian cuisine, with dishes such as qofte (meatballs) and fërgesë (meat and vegetable casserole) being staples. Additionally, the abundance of small-scale, family-owned farms in Albania results in a market dominated by locally sourced, fresh meat products. The country's strict food safety regulations also contribute to a high level of consumer trust in the quality of meat sold in the market.

Underlying macroeconomic factors: The Meat Market within The Food market in Albania is heavily influenced by macroeconomic factors such as economic stability, consumer spending, and government policies. With a growing population and a stable economy, there is a high demand for meat products in Albania. However, fluctuations in global meat prices and changes in national fiscal policies can impact the market performance. Additionally, consumer preferences and health concerns are also important factors that drive the demand for healthier and ethically sourced meat products in the market. As a result, companies are investing in sustainable and ethical practices to meet the changing consumer demands and regulatory requirements, thus impacting the overall growth of the Meat Market in Albania.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

In the past, many cultures considered meat a luxury that could only be enjoyed on special occasions or certain days of the week, while today it is a staple that can be found in nearly all restaurants and many kitchens all over the world. The market value of the meat industry is expected to rise from 897.5 billion U.S. dollars in 2021 to over 1.3 trillion dollars by 2027. In 2022, the United States saw the highest revenue from meat products and sausages, over five billion U.S. dollars more than the second largest meat market in the world, Germany with a revenue of over 33.6 billion U.S. dollars. France, Russia, and Mexico are finishing the top five countries with the biggest revenue from processed meats.