Key regions: South Korea, Russia, Canada, Philippines, China
The Fresh Meat market in the United Kingdom has been experiencing slow growth, largely influenced by factors such as increasing health consciousness among consumers and the convenience of online meat purchasing. The sub-markets of Beef & Veal, Pork, Poultry, Mutton & Goat, and Other Fresh Meat all play a role in this trend. The negligible growth rate can be attributed to various factors, including changing dietary preferences, concerns about animal welfare, and competition from plant-based meat alternatives.
Customer preferences: Consumers in the Fresh Meat Market are increasingly looking for ethically-sourced and sustainably-raised meat products, driven by concerns about animal welfare and the environmental impact of intensive farming practices. This trend is particularly pronounced among younger consumers, who are more likely to prioritize sustainable and ethical choices when making purchasing decisions. As a result, there has been a rise in demand for organic, grass-fed, and free-range meat products in recent years. Additionally, the growing popularity of plant-based diets and flexitarianism has also led to a shift towards alternative protein sources such as plant-based meat substitutes.
Trends in the market: In the United Kingdom, the Fresh Meat Market of the Meat Market within The Food market is seeing a rise in demand for organic and locally sourced meats. This trend is driven by consumers' increasing awareness of the environmental and health benefits of sustainable farming practices. Additionally, there is a growing interest in alternative protein sources, such as plant-based meats, as more people adopt flexitarian and vegan diets. These trends are expected to continue, with industry stakeholders focusing on innovation and sustainability to meet the evolving demands of consumers. This shift towards ethical and healthy options presents opportunities for producers and retailers to differentiate themselves and capture a larger market share.
Local special circumstances: In the United Kingdom, the Fresh Meat market is influenced by the country's strong agricultural and farming industry. This leads to a strong emphasis on locally sourced and high-quality meat products. Additionally, the cultural preference for traditional British meat dishes, such as roast beef and shepherd's pie, drives demand for certain cuts of meat. On the regulatory side, strict food safety standards and labeling requirements ensure that consumers can trust the quality and origin of the meat they purchase. These factors contribute to a vibrant and thriving Fresh Meat market in the UK.
Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in the United Kingdom is influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The market is highly dependent on the overall economic health of the country, as consumer spending and disposable income directly impact demand for fresh meat products. Additionally, government policies and regulations related to food safety, trade, and agriculture also play a crucial role in shaping the market. The increasing trend of healthy eating and the growing demand for high-quality, locally sourced meat products are also driving market growth. However, factors such as Brexit and its impact on trade agreements, inflation, and consumer confidence can potentially hinder market growth in the future.
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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