Fresh Meat - Haiti

Haiti

Highlights

Revenue in the Fresh Meat market amounts to US$539.80m in 2024. The market is expected to grow annually by 11.69% (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$45.49 are generated in 2024.
In the Fresh Meat market, volume is expected to amount to 35.26m kg by 2029. The Fresh Meat market is expected to show a volume growth of 2.8% in 2025.0.
The average volume per person in the Fresh Meat market is expected to amount to 2.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Meat market in Haiti is facing subdued growth due to factors such as limited access to technology, low health awareness among consumers, and challenges in online service delivery. Despite these challenges, the market is expected to experience significant growth in the coming years as the country's economy continues to improve and consumers become more health-conscious.

Customer preferences: Consumers in Haiti are increasingly gravitating towards locally sourced and organic fresh meat options, reflecting their growing concern for ethical and sustainable food choices. This trend is also driven by a rising awareness of the health benefits of consuming high-quality, unprocessed meats. In addition, the country's demographics, with a growing middle class and increasing urbanization, are fueling demand for convenience and variety in fresh meat products. As a result, there has been a notable increase in the availability of pre-packaged and ready-to-cook meat options in the market.

Trends in the market: In Haiti, the Fresh Meat Market of the Meat Market within The Food market is experiencing an increase in demand for locally-sourced, organic meat products. This trend is driven by a growing awareness of the benefits of sustainable and ethically-produced meat. In addition, there is a rising demand for specialty cuts of meat, such as grass-fed beef and free-range chicken. This trend is expected to continue as consumers become more health-conscious and environmentally-aware. Industry stakeholders should focus on expanding their offerings to cater to these changing preferences and invest in sustainable practices to meet the evolving demands of the market.

Local special circumstances: In Haiti, the Fresh Meat Market is heavily influenced by the country's unique geography and cultural traditions. With limited access to refrigeration and a preference for freshly butchered meat, the market is dominated by small-scale local vendors rather than large supermarkets. This has led to a fragmented market with a wide variety of offerings, catering to the diverse tastes and preferences of Haitian consumers. Additionally, strict government regulations on meat production and distribution have also shaped the dynamics of the market, ensuring the safety and quality of meat for consumers.

Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in Haiti is heavily influenced by macroeconomic factors such as the country's economic stability, government policies, and global trade trends. Haiti's economy has been struggling in recent years, with high inflation rates and political instability hindering market growth. Additionally, the high cost of living and low purchasing power of consumers also affect the demand for fresh meat products. However, with the government's efforts to improve infrastructure and attract foreign investments, the market is expected to witness steady growth in the coming years. Additionally, the increasing focus on food safety and quality standards in the global market is creating opportunities for Haitian meat producers to compete and export their 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.