Meat - Argentina

Argentina

Revenue in the Meat market amounts to US$12.14bn in 2024. The market is expected to grow annually by 9.67% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$273bn in 2024).
In relation to total population figures, per person revenues of US$263.60 are generated in 2024.
In the Meat market, volume is expected to amount to 2,592.00m kg by 2029. The Meat market is expected to show a volume growth of 2.9% in 2025.
The average volume per person in the Meat market is expected to amount to 49.6kg in 2024.

Key regions: Russia, China, Spain, Canada, United Kingdom

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Analyst Opinion

The Meat Market in Argentina is experiencing mild growth, influenced by factors such as increasing consumer awareness of health and nutrition, growing adoption of digital technologies, and the convenience of online services. This growth is seen across sub-markets, including Fresh Meat, Processed Meat, and Meat Substitutes. However, challenges such as changing dietary preferences and economic fluctuations may impact the overall market's growth rate.

Customer preferences: As Argentina continues to experience economic growth and a rise in disposable income, consumers are increasingly prioritizing convenience and healthy eating habits, driving demand for high-quality, sustainably-sourced meat products. Furthermore, with the rise of health-consciousness and awareness of environmental impact, there has been a growing trend towards plant-based and alternative protein options, particularly among younger demographics. This has led to the emergence of innovative meat substitutes and a shift towards more sustainable and ethical meat production methods in the market.

Trends in the market: In Argentina, the Meat Market within The Food market industry is seeing a rise in demand for organic and grass-fed meat products. This trend is driven by consumer concerns about the environmental impact of traditional meat production and the health benefits of organic and grass-fed meats. Additionally, there is a growing trend of online meat delivery services, allowing customers to conveniently purchase and receive high-quality meat products. These trends are significant for industry stakeholders as they present opportunities for differentiation and expansion into new markets. However, they also pose challenges in terms of production and supply chain management. Industry players must adapt to these trends to stay competitive in the market.

Local special circumstances: In Argentina, the Meat Market is heavily influenced by the country's strong cultural tradition of meat consumption. Asado, a popular method of grilling meat, is a staple in Argentine cuisine and is deeply ingrained in the country's social fabric. Additionally, Argentina's vast land and favorable climate for animal grazing contribute to its status as one of the world's top beef producers. These unique cultural and geographical factors make Argentina a major player in the global Meat Market, with a strong domestic demand and a significant role in international trade.

Underlying macroeconomic factors: The Meat Market within The Food market in Argentina is greatly affected by macroeconomic factors such as fluctuations in global meat prices, national economic stability, and government policies on imports and exports. The country's dependence on meat exports as a major source of revenue makes it vulnerable to changes in global demand and prices. Additionally, the government's fiscal policies and trade agreements with other countries greatly influence the market's performance. For instance, changes in import tariffs or restrictions on exports can significantly impact the supply and demand of meat products in the domestic market. Moreover, the economic health of the country, including inflation rates, unemployment, and consumer spending, also plays a crucial role in determining the overall performance of the Meat Market within The Food market in Argentina.

Methodology

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.