Meat - Canada | Statista Market Forecast

Revenue in the Meat market amounts to US$18.53bn in 2024. The market is expected to grow annually by 3.38% (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$473.90 are generated in 2024.
In the Meat market, volume is expected to amount to 1.41bn kg by 2029. The Meat market is expected to show a volume growth of 1.2% in 2025.0.
The average volume per person in the Meat market is expected to amount to 34.2kg 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 Canada is experiencing minimal growth due to factors such as the increasing demand for plant-based meat substitutes, consumer health awareness, and convenience of online meat purchases. The sub-markets of Fresh Meat and Processed Meat are also impacted by these factors. However, the Meat Substitutes market is expected to have the highest growth rate due to the rising trend of plant-based diets.

Customer preferences: As the demand for healthy and sustainable food choices continues to rise, Canadian consumers are increasingly turning towards plant-based meat alternatives. This trend is driven by a growing awareness of the environmental impact of traditional meat production, as well as a desire for healthier and more ethical options. Additionally, the rise of flexitarian and vegetarian lifestyles among younger demographics is also contributing to the growth of the plant-based meat market in Canada.

Trends in the market: In Canada, the Meat Market within The Food market industry is seeing a rise in plant-based meat alternatives. This trend is driven by consumer demand for healthier and more sustainable options, as well as concerns over the environmental impact of traditional meat production. Companies are investing in research and development to create more realistic and appealing plant-based products, while also improving their supply chain to meet the increasing demand. This trend is expected to continue, with potential implications for traditional meat producers who may face competition and need to adapt to changing consumer preferences.

Local special circumstances: In Canada, the Meat Market within The Food market is heavily influenced by the country's vast geographical landscape and diverse cultural influences. The demand for locally-sourced and sustainable meat products is on the rise, driven by consumer awareness and government regulations promoting ethical and environmentally-friendly practices. Moreover, Canada's strict food safety standards and labeling requirements contribute to the market's dynamics and growth. Additionally, the country's multicultural population also plays a role in shaping the demand for different types of meat, such as halal or kosher options.

Underlying macroeconomic factors: The Meat Market within The Food market in Canada is heavily influenced by macroeconomic factors such as consumer spending, import and export policies, and government regulations. With a stable and growing economy, Canada has a strong demand for high-quality meat products, both domestically and internationally. Additionally, the increasing awareness of the health benefits of lean protein and the growing trend of plant-based diets are also driving the demand for innovative and sustainable meat alternatives. As a result, the Canadian meat market is expected to experience steady growth in the coming years, supported by favorable economic conditions and shifting consumer preferences.

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.