Key regions: South Korea, Russia, Canada, Philippines, China
The Fresh Meat Market in Ireland is facing negligible growth, due to factors such as increasing health consciousness among consumers and the convenience of online shopping. However, the market is also impacted by competition from alternative protein sources and changing dietary preferences.
Customer preferences: As consumer interest in sustainable and ethically-sourced products grows, there has been a noticeable increase in demand for locally-sourced and organic meat in the Fresh Meat Market of the Meat Market within The Food market. Additionally, there is a trend towards alternative protein sources, such as plant-based meats, driven by health and environmental concerns. This reflects a shift towards more conscious and mindful consumption among consumers in Ireland.
Trends in the market: In Ireland, the Fresh Meat Market is experiencing a rise in demand for grass-fed and organic meat products, as consumers become more health-conscious and environmentally aware. This trend is expected to continue, with sustainable and ethically-sourced meat becoming more mainstream. This could have significant implications for industry stakeholders, as they may need to adapt their production methods and marketing strategies to cater to this growing demand. Additionally, there is a shift towards online shopping for fresh meat, with the convenience and safety of home delivery becoming increasingly attractive to consumers. This could lead to a further disruption of traditional brick-and-mortar meat markets and a greater emphasis on e-commerce in the industry.
Local special circumstances: In Ireland, the Fresh Meat Market of the Meat Market within The Food market is heavily influenced by the country's strong agricultural industry and traditional meat-based cuisine. The demand for high-quality, locally sourced meat products is driven by the country's deep-rooted cultural affinity for meat, as well as strict regulations on food imports. Additionally, Ireland's temperate climate and lush green pastures provide ideal conditions for raising grass-fed livestock, resulting in premium quality meats that are highly sought after by both domestic and international consumers.
Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in Ireland is influenced by several macroeconomic factors. Global economic trends, such as fluctuations in currency exchange rates and trade policies, can impact the import and export of fresh meat products. The national economic health of Ireland, including factors like unemployment rates and consumer spending, can also affect the demand for fresh meat. Fiscal policies, such as taxes and subsidies, can impact the cost of production and ultimately the price of fresh meat in the market. Other relevant financial indicators, such as inflation and interest rates, can also impact the overall performance of the Fresh Meat Market in Ireland.
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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