Meat - EAEU | Statista Market Forecast

Revenue in the Meat market amounts to US$71.42bn in 2024. The market is expected to grow annually by 7.31% (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$390.60 are generated in 2024.
In the Meat market, volume is expected to amount to 9.14bn kg by 2029. The Meat market is expected to show a volume growth of 2.3% in 2025.0.
The average volume per person in the Meat market is expected to amount to 44.7kg 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 the EAEU region has been experiencing moderate growth, impacted by factors such as shifting consumer preferences towards healthier options, the rise of alternative protein sources, and increasing regulatory pressures. This has led to subdued growth in sub-markets such as Fresh Meat, Processed Meat, and Meat Substitutes. However, the market is expected to pick up pace in the future with the introduction of new technologies and innovations in the industry.

Customer preferences: As the demand for healthier and more sustainable food options continues to rise, consumers in the EAEU are increasingly gravitating towards plant-based meat alternatives. This shift is driven by both health and environmental concerns, as well as the growing popularity of vegetarian and vegan diets. Additionally, with a growing focus on food safety and traceability, consumers are also seeking out locally sourced and organic meat products. This trend towards plant-based and ethically sourced meat is expected to continue in the coming years.

Trends in the market: In the EAEU, the Meat Market within The Food market is experiencing a surge in demand for plant-based meat alternatives, driven by changing consumer preferences towards healthier and more sustainable food options. This trend is expected to continue, with major players investing in research and development to improve the taste and texture of these products. Additionally, there is a growing demand for locally sourced and organic meat, leading to the emergence of small-scale producers and niche markets. This shift towards alternative and specialty meat products presents both challenges and opportunities for industry stakeholders, as they navigate changing consumer preferences and potential disruptions to traditional supply chains.

Local special circumstances: In the EAEU, the Meat Market within The Food market is heavily influenced by the region's diverse cultural and regulatory landscape. In Russia, for example, the tradition of consuming meat as a staple food has resulted in a large and competitive market, with a wide variety of meat products available. Kazakhstan, on the other hand, has a strong nomadic heritage, which has led to a preference for high-quality, pasture-raised meat. Additionally, strict regulations on imported meat products in some EAEU countries have resulted in a focus on domestic production and the development of local meat processing industries. These local factors play a significant role in shaping the dynamics of the EAEU Meat Market within The Food market.

Underlying macroeconomic factors: The Meat Market within The Food market in the EAEU is also influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Countries with strong economic growth and stable fiscal policies are expected to see higher demand for meat products, as consumers have more disposable income to spend on higher quality food items. Additionally, investments in agriculture and food processing infrastructure can also drive growth in the Meat Market, as it enables more efficient production and distribution of meat products. However, economic downturns and currency fluctuations can negatively impact the Meat Market, as it may lead to higher production costs and lower consumer spending on meat products.

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.