Fresh Meat - Slovakia

  • Slovakia
  • Revenue in the Fresh Meat market amounts to US$2.00bn in 2024. The market is expected to grow annually by 6.88% (CAGR 2024-2029).
  • In global comparison, most revenue is generated in China (US$261bn in 2024).
  • In relation to total population figures, per person revenues of US$363.00 are generated in 2024.
  • In the Fresh Meat market, volume is expected to amount to 220.60m kg by 2029. The Fresh Meat market is expected to show a volume growth of 5.9% in 2025.
  • The average volume per person in the Fresh Meat market is expected to amount to 31.8kg in 2024.

Key regions: South Korea, Russia, Canada, Philippines, China

 
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Analyst Opinion

The Fresh Meat market in Slovakia is experiencing minimal growth due to factors such as declining consumer interest in meat consumption, increased competition from plant-based alternatives, and stricter regulations on animal welfare and food safety. Despite these challenges, the market is still driven by a strong demand for high-quality, locally sourced meat products. The Beef & Veal sub-market is the largest contributor to this growth, followed by Pork and Poultry. However, the Mutton & Goat and Other Fresh Meat sub-markets are facing slower growth due to limited consumer demand and lower production volumes. Overall, the Fresh Meat market in Slovakia is expected to see minimal growth in the coming years, as consumers shift towards more sustainable and ethical food choices.

Customer preferences:
According to recent studies, there has been a noticeable shift in consumer preferences in the Fresh Meat Market of the Meat Market within The Food market in Slovakia. Increasingly, consumers are seeking more sustainable and ethically sourced meat products, with a focus on locally produced and organic options. This trend is driven by a growing awareness of the environmental impact of meat production and a desire for healthier and more natural food choices. Additionally, there has been a rise in demand for alternative meat options, such as plant-based and lab-grown meats, as consumers become more health-conscious and environmentally aware.

Trends in the market:
In Slovakia, the Fresh Meat Market of the Meat Market within The Food market is experiencing a rise in demand for organic and locally sourced meat products. This trend is driven by increasing consumer awareness of the health and environmental benefits of such products. As a result, there has been a rise in the number of small-scale, sustainable meat producers and retailers in the market. This trajectory is expected to continue, with a focus on transparency and traceability becoming a key selling point for industry stakeholders. However, this may also lead to increased competition and pressure on larger, traditional meat producers to adapt to changing consumer preferences. Additionally, there may be implications for pricing and supply chain management as the market becomes more fragmented.

Local special circumstances:
In Slovakia, the Fresh Meat Market of the Meat Market within The Food market is heavily influenced by the country's strong agricultural sector and traditional meat-based cuisine. This has led to a high demand for locally sourced and high-quality meat products. Additionally, the country's strict regulations on food safety and labeling have increased consumer trust in the market. Moreover, Slovakia's proximity to neighboring countries has resulted in a diverse range of meat products being available, catering to different cultural preferences and tastes. This has also led to a competitive market with a wide variety of products, ranging from traditional cuts to more exotic meats.

Underlying macroeconomic factors:
The Fresh Meat Market of the Meat Market within The Food market in Slovakia is influenced by various macroeconomic factors. One of the key drivers is the overall economic health of the country, as a strong economy leads to higher consumer spending on food products. Additionally, fiscal policies such as tax rates and subsidies can impact the production and consumption of fresh meat in the market. Global economic trends, such as changes in demand for meat products and shifts in trade policies, can also affect market performance. Furthermore, factors like population growth, urbanization, and changing dietary habits can impact the demand for fresh meat in Slovakia. Overall, a combination of these macroeconomic factors plays a significant role in shaping the growth and performance of the Fresh Meat Market of the Meat Market within The Food market in Slovakia.

Methodology

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.

Overview

  • Revenue
  • Volume
  • Price
  • Sales Channels
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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