Meat - Dominican Republic | Statista Market Forecast

Revenue in the Meat market amounts to US$3.82bn in 2024. The market is expected to grow annually by 9.17% (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$334.30 are generated in 2024.
In the Meat market, volume is expected to amount to 643.90m kg by 2029. The Meat market is expected to show a volume growth of 5.8% in 2025.0.
The average volume per person in the Meat market is expected to amount to 45.1kg 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 the Dominican Republic is experiencing subdued growth due to several factors, including the rising adoption of healthier food options, increasing health consciousness among consumers, and the convenience of online purchasing of meat products. Despite the slow growth rate, the sub-markets of Fresh Meat, Processed Meat, and Meat Substitutes continue to contribute to the overall market's steady expansion.

Customer preferences: As the Dominican Republic continues to experience economic growth and urbanization, there has been a notable shift in consumer preferences towards healthier and more sustainable food options. This has led to a surge in demand for locally sourced and organic meats, as well as an increase in vegetarian and plant-based diets. Additionally, with the rise of social media and influencers, there has been a growing interest in food trends and exotic flavors, leading to a diversification of meat offerings in the market.

Trends in the market: In Dominican Republic, the Meat Market within The Food market is seeing a rise in demand for grass-fed and organic meat products. This trend is driven by a growing awareness among consumers about the health and environmental benefits of these products. Additionally, there is a shift towards premium and specialty cuts of meat, as well as a preference for locally sourced and sustainable options. These trends are expected to continue in the coming years, providing opportunities for industry stakeholders to cater to the evolving consumer preferences. However, this may also pose challenges for smaller players who may struggle to meet the demands for higher quality and more diverse meat products.

Local special circumstances: In the Dominican Republic, the Meat Market within The Food market is heavily influenced by the country's rich agricultural tradition and tropical climate. This results in a wide variety of local meats being available, such as pork, beef, and chicken. Additionally, the Dominican Republic has a strong cultural preference for freshly butchered meat, leading to a thriving local butcher industry. Furthermore, the government has strict regulations in place to ensure the safety and quality of meat sold in the market, further shaping the dynamics of the Meat Market within The Food market.

Underlying macroeconomic factors: The Meat Market within The Food market in the Dominican Republic is greatly impacted by macroeconomic factors such as economic growth, consumer spending, and government policies. The country's stable economic growth and rising disposable income have led to an increase in demand for meat products, particularly high-quality and organic options. Additionally, the government's policies to promote the agriculture sector and incentivize domestic production have further boosted the meat market. However, challenges such as high production costs and competition from imported products continue to affect market performance.

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.