Fresh Meat - Belarus

  • Belarus
  • Revenue in the Fresh Meat market amounts to US$1.82bn in 2024. The market is expected to grow annually by 7.72% (CAGR 2024-2029).
  • In global comparison, most revenue is generated in China (US$261bn in 2024).
  • In relation to total population figures, per person revenues of US$200.80 are generated in 2024.
  • In the Fresh Meat market, volume is expected to amount to 256.50m kg by 2029. The Fresh Meat market is expected to show a volume growth of 1.7% in 2025.
  • The average volume per person in the Fresh Meat market is expected to amount to 26.3kg in 2024.

Key regions: South Korea, Russia, Canada, Philippines, China

 
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Analyst Opinion

The Fresh Meat market in Belarus is currently experiencing subdued growth, impacted by various factors such as changing consumer preferences, fluctuating prices of livestock, and increasing competition from alternative protein sources. Despite this, the market is expected to continue growing due to rising demand for high-quality and locally sourced meat, supported by government initiatives to promote domestic production.

Customer preferences:
Consumers in Belarus are increasingly favoring locally sourced, grass-fed meat products, reflecting a growing interest in sustainable and ethical food choices. This trend is driven by a heightened awareness of environmental issues and a desire for transparency and traceability in the food supply chain. Additionally, there is a growing demand for alternative protein sources, such as plant-based and lab-grown meats, as consumers become more health-conscious and environmentally conscious. These shifting preferences are also influenced by the younger generation's interest in trying new and innovative food options.

Trends in the market:
In Belarus, the Fresh Meat Market of the Meat Market within The Food market is experiencing a shift towards organic and ethically sourced meat products. This trend is driven by consumer demand for healthier and more sustainable food options. Additionally, there is an increasing focus on local and regional production, with a rise in small-scale farms and butchers. These trends are significant as they reflect a growing awareness of the environmental and ethical impact of the meat industry. For industry stakeholders, this presents an opportunity to capitalize on the demand for premium, locally sourced meat products and to differentiate themselves in a competitive market. However, it also poses challenges for larger, industrialized meat producers who may need to adapt their practices to meet consumer preferences. Overall, the trajectory towards sustainable and locally sourced meat products is likely to continue, driven by consumer demand and government initiatives promoting sustainable agriculture.

Local special circumstances:
In Belarus, the Fresh Meat Market of the Meat Market within The Food market is heavily influenced by the country's agricultural sector, with a large portion of the population being involved in farming. This has led to a strong demand for locally sourced, organic meat products, as well as a focus on traditional methods of meat production. Additionally, strict regulations on food safety and quality control have shaped the market, with consumers placing a high value on traceability and transparency in the supply chain. These factors have created a unique market dynamic for fresh meat in Belarus, setting it apart from other markets in the region.

Underlying macroeconomic factors:
The Fresh Meat Market of the Meat Market within The Food market in Belarus is strongly influenced by macroeconomic factors such as the country's economic stability, trade policies, and consumer purchasing power. As a member of the Eurasian Economic Union, Belarus benefits from free trade agreements and access to a large market. However, the country's economic growth has been slow in recent years, leading to lower consumer spending. Ongoing efforts to diversify the economy and attract foreign investment could boost economic growth and increase demand for fresh meat products. Additionally, government policies promoting healthy eating and food safety are expected to play a significant role in shaping market dynamics.

Methodology

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.

Overview

  • Revenue
  • Volume
  • Price
  • Sales Channels
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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