Meat - Fiji | Statista Market Forecast

Revenue in the Meat market amounts to US$253.60m in 2024. The market is expected to grow annually by 6.49% (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$269.00 are generated in 2024.
In the Meat market, volume is expected to amount to 42.42m 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 37.9kg 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 Fiji is experiencing minimal growth, influenced by factors such as consumer preferences for fresh and processed meat, along with an increasing demand for meat substitutes. Convenience and health awareness also play a role in driving the market's growth. However, challenges such as limited access to technology and traditional dietary habits may be impacting the market's growth rate.

Customer preferences: As the demand for healthier and more sustainable food options continues to rise globally, the Meat Market within The Food market market in Fiji is also seeing a shift towards plant-based and locally sourced meat alternatives. With a growing awareness of the environmental and health impact of meat consumption, consumers are seeking out more ethical and sustainable options. This trend is further amplified by the cultural preference for fresh and locally grown ingredients in Fijian cuisine. As a result, there has been an increase in the availability and popularity of plant-based meats and locally raised meats in the market.

Trends in the market: In Fiji, there is a growing trend towards health-consciousness and a shift towards plant-based diets. This has led to an increase in demand for alternative protein sources such as plant-based meats and seafood. In the meat market, there is also a rise in demand for organic and grass-fed meat products. This trajectory is significant as it reflects a shift towards sustainability and ethical consumption. Industry stakeholders must adapt to these changing consumer preferences by diversifying their product offerings and investing in sustainable practices. This trend has the potential to drive growth in the meat market and create opportunities for collaboration and innovation within The Food market.

Local special circumstances: In Fiji, the Meat Market within The Food market is heavily influenced by the country's geographical location and cultural traditions. With a close proximity to the ocean, seafood is a popular and abundant choice in the market. Additionally, Fiji's strong agricultural sector contributes to a variety of locally sourced meats, such as lamb, pork, and chicken. The market is also shaped by cultural practices, such as the traditional Fijian lovo cooking method, where meat is cooked in an underground oven, and the use of spices and herbs in cooking. These unique factors differentiate Fiji's Meat Market from other markets and play a significant role in shaping its dynamics.

Underlying macroeconomic factors: The Meat Market within The Food market in Fiji is impacted by macroeconomic factors such as the country's overall economic health, global economic trends, fiscal policies, and other relevant financial indicators. As Fiji's economy continues to grow and stabilize, with a steady increase in GDP and a favorable business environment, the Meat Market is expected to experience growth. Additionally, the rising demand for meat products in the global market and the country's efforts to improve its agricultural sector through investments and policies will also contribute to the growth of the Meat Market in Fiji. However, challenges such as volatile commodity prices, supply chain disruptions, and changing consumer preferences may hinder market growth.

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.