Meat - BRICS | Statista Market Forecast

Revenue in the Meat market amounts to US$402.30bn in 2024. The market is expected to grow annually by 5.38% (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$122.00 are generated in 2024.
In the Meat market, volume is expected to amount to 54.92bn kg by 2029. The Meat market is expected to show a volume growth of 2.6% in 2025.0.
The average volume per person in the Meat market is expected to amount to 14.7kg 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 BRICS has been experiencing minimal growth, influenced by factors such as changing consumer preferences, increasing health concerns regarding meat consumption, and the emergence of meat substitutes. Despite the slow growth rate, the market is driven by the sub-markets of Fresh Meat, Processed Meat, and Meat Substitutes. The convenience offered by online shopping and rising disposable income are also contributing to the market's growth.

Customer preferences: Consumers in the Meat Market within The Food market are increasingly turning towards plant-based alternatives, driven by health and environmental concerns. This trend is particularly evident in BRICS countries, where a growing middle class is becoming more health-conscious and environmentally aware. In addition, the rise of flexitarianism and conscious consumerism has led to a greater demand for sustainable and ethically-sourced meat products. This shift in preferences is also influenced by the cultural significance of vegetarianism and veganism in certain regions, as well as evolving lifestyle factors such as the desire for healthier and more diverse food options.

Trends in the market: In the BRICS countries, the Meat Market within The Food market is experiencing a shift towards sustainable and ethical practices. This is driven by increasing consumer awareness and demand for transparency in production processes. In Brazil, there is a growing trend of using blockchain technology to track meat supply chains and ensure food safety. In Russia, there is a rise in demand for organic and grass-fed meat products. In China, there is a push towards plant-based meat alternatives, driven by concerns over the environmental impact of traditional meat production. In South Africa, there is a growing market for locally sourced and free-range meat options. These trends highlight the importance of sustainability and ethics in the Meat Market, which may lead to changes in industry practices and consumer preferences. Industry stakeholders will need to adapt to these trends in order to remain competitive and meet the evolving demands of consumers.

Local special circumstances: In Brazil, the Meat Market within The Food market is heavily influenced by the country's diverse cultural background and its strong agricultural sector. The traditional Brazilian cuisine, known for its hearty and meat-centric dishes, has created a strong demand for quality meat products in the market. Additionally, Brazil's regulations and trade policies have enabled the country to become a major exporter of meat, further driving growth in the domestic market. These unique local factors make Brazil a key player in the global Meat Market within The Food market.

Underlying macroeconomic factors: The Meat Market within The Food market market in BRICS is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. For instance, countries with strong economic growth and stable fiscal policies are likely to experience higher demand for meat products, as consumers have more disposable income to spend on food. On the other hand, countries with economic challenges and volatile fiscal policies may see a decline in meat consumption, as households prioritize spending on essential goods and services. Moreover, fluctuations in exchange rates and trade policies can also impact the import and export of meat products, affecting market performance in the BRICS countries.

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.