Fresh Meat - Timor-Leste

Timor-Leste

Highlights

Revenue in the Fresh Meat market amounts to US$98.30m 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$71.24 are generated in 2024.
In the Fresh Meat market, volume is expected to amount to 15.98m kg by 2029. The Fresh Meat market is expected to show a volume growth of 8.1% in 2025.0.
The average volume per person in the Fresh Meat market is expected to amount to 8.7kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Fresh Meat Market in Timor-Leste has seen modest growth due to factors such as limited access to digital technologies and traditional cultural preferences for fresh meat consumption. Despite this, increased health awareness and the convenience of online services may drive future growth in the Beef & Veal, Pork, Poultry, Mutton & Goat, and Other Fresh Meat sub-markets.

Customer preferences: As Timor-Leste's economy continues to grow, there has been a noticeable shift in consumer preferences for fresh meat. With increasing disposable income and a growing middle class, there is a growing demand for higher quality and more diverse meat options. Additionally, there has been a rise in demand for organic and ethically-sourced meat products, as consumers become more health-conscious and environmentally aware. This trend is further fueled by the younger generation, who are willing to pay a premium for sustainably and ethically produced meat. As a result, there has been a surge in the availability and variety of fresh meat in local markets, catering to the evolving preferences of consumers.

Trends in the market: In Timor-Leste, the Fresh Meat Market of the Meat Market within The Food market is experiencing a shift towards more sustainable and ethical meat production practices. This trend is being driven by consumer demand for locally sourced and organic meats, as well as increasing concerns over animal welfare and environmental impact. The trajectory of this trend is expected to continue as consumers become more conscious of their food choices and seek out healthier and more environmentally friendly options. This trend could have significant implications for industry stakeholders, requiring them to adapt their production methods and marketing strategies to meet these changing consumer preferences. Furthermore, this trend could also open up new opportunities for smaller, local meat producers to enter the market and cater to the growing demand for ethically sourced meats.

Local special circumstances: In Timor-Leste, the Fresh Meat Market of the Meat Market within The Food market is heavily influenced by the country's unique cultural and geographical factors. Due to the limited availability of refrigeration and transportation infrastructure, fresh meat is primarily sold in traditional markets and street stalls. Additionally, strict regulations on imported meat products have led to a reliance on locally sourced meats, resulting in a more limited selection for consumers. These factors contribute to a high demand for fresh, locally sourced meat in Timor-Leste.

Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in Timor-Leste is influenced by macroeconomic factors such as economic stability, consumer purchasing power, and government policies. With a growing economy and stable political climate, Timor-Leste is experiencing a rise in consumer demand for fresh meat products. Additionally, government initiatives to improve infrastructure and increase investment in the agriculture sector are supporting the growth of the fresh meat market. Furthermore, the country's increasing population and changing dietary preferences towards protein-rich foods are also contributing to the market's expansion.

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.