Meat - Costa Rica | Statista Market Forecast

Revenue in the Meat market amounts to US$2.01bn in 2024. The market is expected to grow annually by 6.68% (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$382.90 are generated in 2024.
In the Meat market, volume is expected to amount to 284.10m kg by 2029. The Meat market is expected to show a volume growth of 4.4% in 2025.0.
The average volume per person in the Meat market is expected to amount to 45.3kg 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 Costa Rican Meat Market is experiencing minimal growth due to factors such as a preference for fresh, locally-sourced meats, a growing trend towards plant-based alternatives, and a focus on sustainability. Despite these challenges, the market is expected to continue to grow due to the country's strong agricultural industry and increasing demand for high-quality, ethically-sourced meats.

Customer preferences: The Meat Market within The Food market market in Costa Rica has seen a rise in demand for sustainable and ethically-sourced meat products. Consumers are becoming more conscious of their impact on the environment and are seeking out environmentally-friendly options. This trend is also reflected in the growing popularity of plant-based meat alternatives, as more people are adopting flexitarian or vegetarian diets. Additionally, there is a growing preference for locally-sourced meat products, as consumers prioritize supporting local businesses and reducing their carbon footprint.

Trends in the market: In Costa Rica, the Meat Market within The Food market is experiencing a shift towards more sustainable and ethical practices. This trend is driven by consumer demand for transparency and accountability in the meat industry. As a result, there has been an increase in the availability of locally sourced and grass-fed meat options in supermarkets and restaurants. This trajectory towards sustainable meat production has significant implications for industry stakeholders, as they must adapt to meet changing consumer preferences. It also presents opportunities for companies to differentiate their products and attract conscious consumers. Additionally, the rise of plant-based meat alternatives is also gaining popularity in Costa Rica, signaling a potential shift towards more plant-based diets in the country.

Local special circumstances: In Costa Rica, the Meat Market within The Food market is heavily influenced by the country's rich agricultural resources and strong cultural traditions of meat consumption. The local cuisine is centered around dishes featuring various cuts of beef, pork, and chicken, creating a high demand for these products in the market. Additionally, Costa Rica has strict regulations on meat production and imports, ensuring high quality and safe products for consumers. This unique combination of cultural preferences and regulatory measures shapes the dynamics of the Meat Market, making it a vital part of the overall Food Market in Costa Rica.

Underlying macroeconomic factors: Macroeconomic factors play a significant role in shaping the Meat Market within The Food market in Costa Rica. The country's economic growth, inflation rates, and fiscal policies all impact the market's performance. Additionally, global economic trends, such as changes in consumer preferences and trade policies, can also influence the demand for meat products in Costa Rica. For example, a shift towards more sustainable and plant-based diets in other countries may lead to a decrease in demand for meat, affecting the Costa Rican market. Furthermore, fluctuations in exchange rates and international trade agreements can impact the cost of importing and exporting meat products, affecting market prices and profitability. Overall, a strong and stable national economy, coupled with favorable global economic conditions, can drive growth in the Meat Market within The Food market in Costa Rica.

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.