Meat - Ethiopia | Statista Market Forecast

Revenue in the Meat market amounts to US$7.99bn in 2024. The market is expected to grow annually by 18.90% (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$61.60 are generated in 2024.
In the Meat market, volume is expected to amount to 1.23bn kg by 2029. The Meat market is expected to show a volume growth of 8.6% in 2025.0.
The average volume per person in the Meat market is expected to amount to 7.0kg 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

Ethiopia's Meat Market is experiencing steady growth, fueled by increasing consumer demand for fresh and processed meat, as well as meat substitutes. Factors such as a growing population, rising disposable incomes, and changing dietary preferences are driving this growth. Despite challenges such as infrastructure constraints and supply chain issues, the market is expected to continue its average growth rate, as the government's initiatives to improve food safety and promote domestic production are also contributing to its growth.

Customer preferences: Consumers in Ethiopia are increasingly embracing the convenience and variety offered by modern supermarkets and specialty meat shops. This is driven by a growing middle class and changing lifestyles, with more people seeking convenience and quality in their food choices. Additionally, there is a growing demand for organic and ethically-sourced meat products, fueled by an increasing awareness of health and environmental concerns. As a result, retailers are expanding their offerings to cater to these preferences and capitalize on the emerging market trend.

Trends in the market: In Ethiopia, the Meat Market within The Food market is experiencing a shift towards more sustainable and organic practices. This trend is driven by consumer demand for healthier and ethically-sourced products. Additionally, there is a growing interest in alternative protein sources, such as plant-based and insect-based options. These trends are significant as they address concerns about food security and environmental sustainability. They also present opportunities for industry stakeholders to tap into new markets and diversify their offerings. However, there may be challenges in terms of infrastructure and supply chain management.

Local special circumstances: In Ethiopia, the Meat Market is heavily influenced by the country's diverse cultural traditions and religious beliefs, which have a significant impact on the types of meat consumed and the methods of preparation. Additionally, the geography of the country, with its vast rural areas and limited transportation infrastructure, plays a crucial role in the distribution and availability of meat products. Moreover, the government's strict regulations on meat imports and exports also shape the dynamics of the market, with a focus on promoting local production and ensuring food safety.

Underlying macroeconomic factors: The Meat Market within The Food market in Ethiopia is also impacted by macroeconomic factors. The country's economic health, fiscal policies, and global economic trends all play a role in the performance of the market. For instance, favorable fiscal policies and a strong national economy can lead to increased consumer spending power, which can drive demand for meat products. On the other hand, economic downturns or regulatory challenges can have a negative impact on market growth. Additionally, changes in global trade policies or fluctuations in the cost of imports can also affect the availability and pricing of meat products in the market.

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.