Meat - Chile

Chile

Revenue in the Meat market amounts to US$7,714.00m in 2024. The market is expected to grow annually by 5.50% (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$392.40 are generated in 2024.
In the Meat market, volume is expected to amount to 937.10m kg by 2029. The Meat market is expected to show a volume growth of 2.2% in 2025.
The average volume per person in the Meat market is expected to amount to 43.3kg in 2024.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Meat Market in The Food market in Chile has seen modest growth due to factors such as rising health awareness, increasing adoption of digital technologies, and the convenience of online services. However, the sub-markets of Fresh Meat, Processed Meat, and Meat Substitutes may experience varying growth rates due to factors such as changing consumer preferences and government regulations.

Customer preferences: As Chileans become more health-conscious, there is a growing preference for leaner meat options such as poultry and fish, as well as plant-based alternatives. This shift is influenced by cultural values of moderation and sustainability, as well as a rising awareness of the environmental impact of meat consumption. Additionally, the convenience and variety offered by online grocery shopping and meal delivery services are appealing to busy urban consumers. These trends are expected to continue driving changes in the Meat Market within The Food market in Chile.

Trends in the market: In Chile, the Meat Market within The Food market is experiencing a rise in demand for organic and grass-fed meats. This trend is driven by increasing consumer awareness about the environmental and health benefits of sustainable farming practices. Additionally, there is a growing interest in alternative protein sources, such as plant-based meats, as consumers become more health-conscious and concerned about animal welfare. This trajectory is significant as it presents opportunities for industry stakeholders to tap into the growing demand for premium and ethical meat products. However, it also poses challenges for traditional meat producers who may need to adapt their production methods to meet consumer preferences. This trend has potential implications for the meat market as a whole, as it may lead to a shift in consumer preferences and purchasing behaviors, and drive innovation in the industry.

Local special circumstances: In Chile, the Meat Market within The Food market is heavily influenced by the country's geography and cultural preferences. Chile's long coastline allows for abundant seafood, which is a staple in the Chilean diet. However, cultural traditions also play a role, with a preference for red meat, especially beef. This has led to a market dominated by local meat producers, who cater to the demand for high-quality, grass-fed beef. Additionally, strict regulations on meat imports and production ensure food safety and quality standards, further shaping the dynamics of the Meat Market in Chile.

Underlying macroeconomic factors: The Meat Market within The Food market in Chile is heavily influenced by macroeconomic factors such as consumer spending, trade policies, and import/export regulations. The country's stable economic growth and supportive government policies have led to increased consumer spending and a rise in demand for high-quality meat products. Additionally, Chile's strong position in international trade, with a focus on exporting meat products, has also contributed to the growth of the Meat Market. Furthermore, the country's investments in modernizing its food industry and implementing strict food safety regulations have boosted consumer confidence and further stimulated the market's growth.

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.