Fresh Meat - Estonia

Estonia

Highlights

Revenue in the Fresh Meat market amounts to US$515.00m in 2024. The market is expected to grow annually by 6.02% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$261bn in 2024).
In relation to total population figures, per person revenues of US$390.50 are generated in 2024.
In the Fresh Meat market, volume is expected to amount to 49.96m kg by 2029. The Fresh Meat market is expected to show a volume growth of 4.5% in 2025.0.
The average volume per person in the Fresh Meat market is expected to amount to 31.8kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Meat market in Estonia is experiencing minimal growth, influenced by factors such as consumer preferences, availability of alternative protein sources, and changing dietary habits. Despite this, the market is expected to continue growing due to the demand for high-quality, locally-sourced meat products. Government initiatives to promote sustainable and ethical meat production may also impact the market's growth rate.

Customer preferences: As consumers become more health-conscious and environmentally aware, there has been a notable increase in demand for sustainably sourced and organic fresh meat products in the Estonian market. This trend is driven by a growing preference for locally produced and ethically raised meat, as well as a rising interest in alternative protein sources such as plant-based options. This shift towards conscious consumption is also reflected in the increasing popularity of meat-free and flexitarian diets among Estonian consumers.

Trends in the market: In Estonia, the Fresh Meat Market within the Meat Market of The Food market is experiencing a rise in demand for locally-sourced and sustainably-raised meat products. This trend is driven by consumer preferences for ethically-produced food and the desire for transparency in the supply chain. Additionally, there is a growing interest in alternative meat options, such as plant-based and lab-grown meats. These trends are expected to continue, with potential implications for industry stakeholders including increased competition and the need for innovation in product offerings.

Local special circumstances: In Estonia, the Fresh Meat Market of the Meat Market within The Food market is heavily influenced by the country's agricultural landscape. With a large number of small-scale, family-owned farms, the market is dominated by local, organic, and sustainable meat products. In addition, the country's strict food safety regulations ensure high-quality standards, making Estonian meat products highly sought after. Furthermore, the country's love for traditional dishes, such as sausages and smoked meats, drives the demand for fresh meat, making it a staple in the Estonian diet.

Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in Estonia is greatly influenced by the country's macroeconomic factors. The global economic trends and the national economic health of Estonia play a crucial role in the performance of the market. Fiscal policies and other relevant financial indicators also have a significant impact on the market's growth. For instance, countries with strong economic stability and favorable business environment are likely to experience higher market growth compared to those with economic challenges and regulatory barriers. Moreover, the increasing demand for high-quality and safe meat products, driven by the rising health consciousness among consumers, is also contributing to the growth of the market. Additionally, the growing population and improving living standards in Estonia are creating a favorable environment for the Fresh Meat Market, with consumers willing to spend on premium 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.