Fresh Meat - Jamaica

Jamaica

Highlights

Revenue in the Fresh Meat market amounts to US$616.30m in 2024. The market is expected to grow annually by 6.31% (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$218.20 are generated in 2024.
In the Fresh Meat market, volume is expected to amount to 89.45m kg by 2029. The Fresh Meat market is expected to show a volume growth of 1.5% in 2025.0.
The average volume per person in the Fresh Meat market is expected to amount to 29.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Meat Market in Jamaica is experiencing minimal growth, influenced by factors such as limited consumer awareness, challenges in supply chain management, and competition from alternative protein sources. Despite the sub-markets of Beef & Veal, Pork, Poultry, Mutton & Goat, and Other Fresh Meat, the overall market growth is hindered by these factors in The Food market.

Customer preferences: As consumers become more health-conscious, there has been a noticeable increase in demand for organic and locally sourced meats in the Fresh Meat Market of the Meat Market. This trend is driven by a growing preference for sustainable and ethical food choices. Additionally, there is a rising interest in exotic and specialty meats, reflecting a desire for unique and diverse culinary experiences. This shift in consumer preferences is also influenced by a growing interest in health and wellness, as consumers seek out leaner and healthier protein options.

Trends in the market: In Jamaica, there is a growing trend in the Fresh Meat Market of the Meat Market within The Food market towards locally sourced and sustainable meat options. This trend is driven by consumer demand for healthier and more environmentally-friendly products. Additionally, there is a rise in online meat delivery services, allowing customers to conveniently purchase meats from the comfort of their homes. These trends are significant as they reflect a shift towards conscious consumerism and have implications for industry stakeholders to adapt their business models to meet these changing demands.

Local special circumstances: In Jamaica, the Fresh Meat Market of the Meat Market within The Food market is heavily influenced by the country's tropical climate and agricultural practices. Fresh, locally-sourced meat is highly valued by Jamaican consumers, leading to a strong demand for traditional, small-scale butchers and meat markets. Additionally, Jamaican food culture heavily relies on the use of fresh, high-quality meat in traditional dishes, further driving the popularity and importance of the Fresh Meat Market within The Food market. This unique market dynamic sets Jamaica apart from other markets, creating a strong and thriving Fresh Meat Market within the larger Meat Market industry.

Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in Jamaica is greatly affected by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The market is heavily influenced by the country's economic growth, consumer spending power, and government regulations. The overall economic stability of Jamaica plays a crucial role in the performance of the Fresh Meat Market, as it affects the purchasing power of consumers and the affordability of imported meat products. Additionally, fiscal policies and trade agreements with other countries can impact the availability and prices of fresh meat products in the market. The rising demand for healthier and sustainable food options, as well as the growing population in Jamaica, also contribute to the growth and development of the Fresh Meat Market.

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.