Meat - Azerbaijan | Statista Market Forecast

Revenue in the Meat market amounts to US$2.52bn in 2024. The market is expected to grow annually by 6.29% (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$240.60 are generated in 2024.
In the Meat market, volume is expected to amount to 389.50m kg by 2029. The Meat market is expected to show a volume growth of 2.3% in 2025.0.
The average volume per person in the Meat market is expected to amount to 33.9kg 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 Azerbaijan has seen steady growth due to factors such as increasing demand for fresh meat, processed meat, and meat substitutes. However, the growth rate has been minimal, likely influenced by factors such as competition from other food markets and fluctuating consumer preferences. Despite this, the convenience and health benefits offered by meat products continue to drive demand in the market.

Customer preferences: Recent years have seen a rise in demand for organic and ethically sourced meat products in Azerbaijan, as consumers become more conscious of the environmental and health impacts of their food choices. Additionally, the growing number of health-conscious individuals and fitness enthusiasts has led to an increase in demand for lean and protein-rich meat options. This trend is expected to continue as the population becomes more affluent and health-conscious, with consumers looking for healthier and more sustainable meat options in The Food market.

Trends in the market: In Azerbaijan, the Meat Market within The Food market is experiencing a shift towards more sustainable and ethical practices. This includes a growing demand for locally sourced and organic meat products, as well as a push for stricter animal welfare standards. Furthermore, there is a rising trend of alternative meat products, such as plant-based and lab-grown meats, as consumers become more health and environmentally conscious. These trends are significant for industry stakeholders as they must adapt to meet these changing consumer preferences. The trajectory of these trends points towards a future where sustainability and ethical considerations will play a significant role in the meat market, potentially leading to increased competition and innovation in the industry. Stakeholders must also be aware of the potential implications, such as the need for new regulations and production methods, as well as the potential for disruption in the traditional meat market. Overall, the current trends in Azerbaijan's Meat Market within The Food market are reflective of global movements towards more sustainable and ethical food production.

Local special circumstances: In Azerbaijan, the Meat Market within The Food market is heavily influenced by the country's rich history and culinary traditions. The local cuisine heavily features meat dishes, leading to a high demand for quality meat products. Furthermore, the country's geographical location between Europe and Asia plays a significant role in the types of meat consumed and available in the market. Additionally, strict regulations governing the import and export of meat products also impact the market dynamics. These factors create a unique market environment, driving the popularity of local meat products and shaping consumer preferences.

Underlying macroeconomic factors: The Meat Market within The Food market in Azerbaijan is also heavily influenced by macroeconomic factors. The country's economic health and fiscal policies play a crucial role in determining the performance of the market. Additionally, global economic trends and other financial indicators have a significant impact on the demand and supply of meat in the country. For instance, a stable economy with a strong purchasing power of consumers would lead to higher demand for meat products, while an economic downturn could result in reduced demand. Moreover, government policies and regulations related to meat production and consumption also affect the market. These factors, combined with the growing population and changing dietary preferences, shape the overall growth of the Meat Market in Azerbaijan.

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.