Meat - Ecuador | Statista Market Forecast

Revenue in the Meat market amounts to US$4.01bn in 2024. The market is expected to grow annually by 3.43% (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$218.00 are generated in 2024.
In the Meat market, volume is expected to amount to 519.00m kg by 2029. The Meat market is expected to show a volume growth of 2.2% in 2025.0.
The average volume per person in the Meat market is expected to amount to 25.4kg 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 Ecuador, a sub-market within the larger Food Market, has experienced minimal growth in recent years. This can be attributed to several factors, such as the traditional preference for fresh meat over processed options and a lack of consumer awareness about meat substitutes. Additionally, the market is impacted by challenges such as limited infrastructure and supply chain inefficiencies. However, with increasing health consciousness and the potential for technological advancements, the market may see a gradual increase in growth in the future.

Customer preferences: With the rise of health and wellness trends, there has been a noticeable shift towards plant-based and vegetarian diets in Ecuador, leading to a growth in demand for alternative meat options. This trend is largely driven by cultural and ethical considerations, as well as the increasing availability of meat substitutes in the market. Additionally, there has been a growing awareness of the environmental impact of meat consumption, leading to a rise in flexitarian and reducetarian diets among the younger population. This has also resulted in a surge in sales of locally-sourced and organic meat products.

Trends in the market: In Ecuador, the Meat Market within The Food market is experiencing a shift towards healthier and more sustainable options. This trend is driven by consumer demand for ethically sourced and organic meats, as well as a growing interest in plant-based alternatives. This trajectory is significant as it reflects a shift towards more conscious and responsible consumption habits. Industry stakeholders will need to adapt to these changing preferences and invest in sustainable practices to remain competitive. Additionally, there is potential for the market to expand as more consumers become aware of the benefits of ethical and sustainable meat consumption.

Local special circumstances: In Ecuador, the Meat Market within The Food market is heavily influenced by the country's geographical diversity, with the Amazon rainforest in the east and the Andes mountain range in the center. This has led to a unique local demand for a variety of meat products, such as exotic game meats and traditional Andean dishes. Additionally, cultural factors, such as the traditional use of meat in Ecuadorian cuisine, further drive the market. Furthermore, strict government regulations on food safety and animal welfare also play a significant role in shaping the dynamics of the Meat Market in Ecuador.

Underlying macroeconomic factors: The Meat Market within The Food market in Ecuador is significantly impacted by macroeconomic factors, such as global economic trends and national economic health. The country's strong reliance on exports, particularly in the agriculture and livestock industries, makes it vulnerable to fluctuations in international markets. Additionally, fiscal policies and government regulations, such as trade agreements and tariffs, can greatly influence the import and export of meat products, affecting market performance. Furthermore, the overall economic health of the country, including inflation rates and consumer spending, can impact consumer demand for 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.