Meat - Bolivia

Bolivia

Revenue in the Meat market amounts to US$2,577.00m in 2024. The market is expected to grow annually by 7.57% (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$205.10 are generated in 2024.
In the Meat market, volume is expected to amount to 430.80m kg by 2029. The Meat market is expected to show a volume growth of 4.1% in 2025.
The average volume per person in the Meat market is expected to amount to 28.8kg in 2024.

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

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Analyst Opinion

The Meat Market in Bolivia has been experiencing minimal growth, influenced by factors such as increasing health awareness and the convenience of online services. The sub-markets of Fresh Meat, Processed Meat, and Meat Substitutes all contribute to the overall market, with varying growth rates. However, the overall market is impacted by external factors such as economic instability and changing dietary preferences.

Customer preferences: As consumers in Bolivia become more health-conscious, there is a growing demand for sustainable and ethically sourced meat products. This trend is driven by a increasing awareness of the environmental impact of traditional meat production practices and a desire for healthier, organic options. Additionally, as the country's middle class continues to grow, there is a shift towards higher quality, premium cuts of meat. This has led to the emergence of specialty meat markets catering to these evolving preferences.

Trends in the market: In Bolivia, the Meat Market within The Food market market is experiencing a shift towards organic and locally-sourced meat products. This trend is driven by growing consumer awareness and demand for sustainable and ethical food choices. Additionally, there is an increasing preference for lean and healthier meat options, such as grass-fed beef and free-range poultry. This trajectory is significant as it reflects a changing consumer mindset and presents opportunities for industry stakeholders to differentiate their products and cater to evolving preferences. However, it also poses challenges for traditional meat producers who may need to adapt their practices to meet these demands. Overall, this trend has the potential to drive growth in the meat market in Bolivia and reshape the industry landscape.

Local special circumstances: In Bolivia, the Meat Market within The Food market is heavily influenced by the country's geography and cultural practices. The terrain, with its high altitudes and varying climates, affects the type and availability of livestock, leading to a diverse range of meat products. Additionally, Bolivian cuisine places a strong emphasis on meat, with dishes such as charque and chicharrón being staples. This cultural preference for meat consumption drives the market's demand and shapes its product offerings. Furthermore, the country's strict regulations on imported meats also play a significant role in the market, with locally-sourced meats being preferred by consumers.

Underlying macroeconomic factors: The Meat Market within The Food market in Bolivia is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country's strong agricultural sector and favorable trade agreements contribute to the growth of the market. However, fluctuations in global commodity prices and political instability can impact the market's performance. Additionally, government policies related to food safety and import regulations can also affect the supply and demand for meat products. Furthermore, the increasing demand for sustainable and ethically sourced meat products from environmentally conscious consumers is shaping the market in Bolivia.

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.