Key regions: South Korea, Russia, Canada, Philippines, China
The Fresh Meat market in the CIS region has been experiencing subdued growth, influenced by factors such as changing consumer preferences, increased competition, and fluctuating prices of raw materials. Despite the challenges, the market is expected to see growth due to rising demand for quality and ethically sourced meat products. Additionally, the increasing popularity of alternative protein sources may also impact the future growth of the market.
Customer preferences: The growing interest in sustainable and ethical food choices has led to a rise in demand for locally sourced and organic fresh meat products. This trend is driven by consumers' desire for transparency and traceability in their food, as well as a greater focus on health and wellness. Additionally, there has been an increase in demand for alternative protein sources, such as plant-based meats, catering to the growing vegetarian and flexitarian population. This shift towards conscious consumption is indicative of a larger cultural shift towards mindful and responsible purchasing habits.
Trends in the market: In the CIS region, the Fresh Meat Market of the Meat Market within The Food market is experiencing a rise in demand for organic and ethically-sourced meat products. This trend is driven by the increasing consumer awareness of health and sustainability concerns. Additionally, there is a growing preference for locally-sourced meat, which supports the development of small-scale producers and farmers. This trend is expected to continue, with potential implications including a shift towards more sustainable and ethical practices in the meat industry and the need for companies to adapt their supply chains to meet consumer demands.
Local special circumstances: '
In the CIS region, the Fresh Meat Market of the Meat Market within The Food market is heavily influenced by the local culture and traditional meat consumption habits. Despite the growing trend towards healthier and more plant-based diets, meat remains a staple in the diets of many CIS countries. This is due to cultural and religious factors, as well as the abundance of livestock and grazing land in the region. Additionally, the regulatory landscape in CIS countries is often more lenient towards the meat industry, leading to less stringent regulations and lower production costs. These factors contribute to the strong demand and steady growth of the Fresh Meat Market in the CIS region.
Underlying macroeconomic factors: Macroeconomic factors play a crucial role in shaping the Fresh Meat Market of the Meat Market within The Food market. The demand for fresh meat is highly dependent on the economic health of a country, as a strong economy leads to increased consumer spending on food products. Additionally, trade policies and international relations also impact the availability and prices of fresh meat in the market. Other key macroeconomic factors include inflation rates, exchange rates, and interest rates, which can affect the cost of production and transportation of fresh meat. Moreover, changing consumer preferences and lifestyle trends also influence the growth of the Fresh Meat Market, as people are increasingly seeking healthier and sustainable food options.
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.
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