Fresh Meat - Fiji | Statista Market Forecast

Fresh Meat - Fiji

Fiji

Highlights

Revenue in the Fresh Meat market amounts to US$155.20m in 2024. The market is expected to grow annually by 8.06% (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$164.60 are generated in 2024.
In the Fresh Meat market, volume is expected to amount to 27.51m kg by 2029. The Fresh Meat market is expected to show a volume growth of 6.6% in 2025.0.
The average volume per person in the Fresh Meat market is expected to amount to 22.8kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Meat Market in Fiji has been experiencing subdued growth, influenced by factors such as the high cost of production, limited consumer awareness, and competition from cheaper imported meats. Despite the growth challenges, the market is expected to see modest growth as consumers become more health-conscious and seek locally sourced, high-quality fresh meats.

Customer preferences: Consumers' growing health consciousness and desire for sustainable food options have spurred the demand for organic and ethically sourced meats. This trend is especially evident in Fiji, where traditional farming methods and locally sourced meats hold cultural significance. Additionally, with the rise of health-conscious millennials, there has been a shift towards leaner meat options such as poultry and fish, reflecting a changing lifestyle and dietary preferences. This has also led to an increase in demand for specialty cuts and exotic meats, catering to a more diverse consumer base.

Trends in the market: In Fiji, the Fresh Meat Market of the Meat Market within The Food market is experiencing a shift towards sustainable and ethical meat production. Consumers are increasingly demanding transparency and traceability in the supply chain, leading to the rise of local, grass-fed, and organic meat options. This trend is expected to continue, driven by increasing health and environmental concerns. For industry stakeholders, this presents an opportunity to differentiate and cater to evolving consumer preferences. However, it also poses a challenge in terms of higher production costs and potential disruption of traditional supply chains.

Local special circumstances: In Fiji, the Fresh Meat Market of the Meat Market within The Food market is heavily influenced by the country's unique cultural and regulatory circumstances. The traditional Fijian diet includes a significant amount of meat, making the demand for fresh meat high. However, the government's strict regulations on imported meat and the limited local production capacity create challenges for the market. This results in a reliance on domestic livestock, leading to fluctuations in supply and prices. Additionally, the Fijian preference for halal meat also impacts the market, with a growing demand for certified halal meat products.

Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in Fiji is heavily influenced by macroeconomic factors such as national economic health, global economic trends, and fiscal policies. The country's strong economic growth and stable political environment have created a favorable market for meat products. Additionally, the increasing disposable income and changing dietary preferences of consumers, towards a more protein-rich diet, are driving the demand for fresh meat products in Fiji. Moreover, the country's growing tourism industry has also boosted the demand for high-quality meat products, as tourists seek to experience the local cuisine. However, the market is also affected by challenges such as rising production costs, limited infrastructure, and regulatory barriers. These factors can hinder the growth of the market and create barriers for new entrants. Despite these challenges, the Fresh Meat Market in Fiji is expected to continue its growth trajectory, driven by the country's overall economic stability and favorable market conditions.

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.