Meat - Angola | Statista Market Forecast

Revenue in the Meat market amounts to US$4.14bn in 2024. The market is expected to grow annually by 9.17% (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$109.50 are generated in 2024.
In the Meat market, volume is expected to amount to 1.11bn kg by 2029. The Meat market is expected to show a volume growth of 1.9% in 2025.0.
The average volume per person in the Meat market is expected to amount to 27.0kg 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 Angola is experiencing subdued growth due to various factors, including limited access to digital technologies, low health awareness among consumers, and a lack of convenience in online meat services. While the overall Food Market in Angola is growing, the Meat Market is facing challenges in all sub-markets, with Fresh Meat being impacted by supply chain disruptions, Processed Meat facing consumer concerns about additives, and Meat Substitutes struggling to gain acceptance in traditional meat-eating culture.

Customer preferences: With a growing demand for sustainable and ethically sourced products, consumers in Angola are increasingly turning towards locally sourced and organic meats. This trend is driven by a desire for healthier and more environmentally friendly options. Additionally, the rise of health-consciousness among younger generations has led to an increased interest in alternative meats, such as plant-based options, as a way to reduce their environmental impact and support animal welfare. This shift towards conscious consumption is expected to continue shaping the Meat Market within The Food market in Angola.

Trends in the market: In Angola, the Meat Market within The Food market is experiencing a shift towards more sustainable and ethical practices. This trend is driven by consumer demand for transparency and accountability in the production and sourcing of meat products. This trajectory is significant as it reflects a growing awareness of the environmental and social impact of the meat industry. It also has implications for industry stakeholders, as they will need to adapt their practices to meet these changing consumer expectations. Additionally, this trend presents opportunities for new players to enter the market with innovative and sustainable solutions.

Local special circumstances: In Angola, the Meat Market within The Food market is heavily influenced by geographical and cultural factors. The country's tropical climate and fertile land make it ideal for livestock farming, leading to a large supply of locally-sourced meat. Additionally, Angolan cuisine heavily relies on meat, with traditional dishes such as Muamba de Galinha (chicken stew) and Calulu (fish stew) being staples. This cultural preference for meat consumption drives demand in the market. Furthermore, the government's focus on promoting domestic agricultural production has created a favorable regulatory environment for local meat producers, further shaping the dynamics of the market.

Underlying macroeconomic factors: The Meat Market within The Food market in Angola is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The overall performance of the market is greatly impacted by the economic stability of the country, as well as the global demand for meat products. For example, countries with a strong economy and high demand for meat, such as China, can drive up prices and demand for meat in Angola. Additionally, fiscal policies that affect the cost of production, transportation, and import/export of meat products can greatly impact the market. Moreover, fluctuations in exchange rates and inflation rates can also have a significant influence on the market performance.

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.