Meat - Guinea | Statista Market Forecast

Revenue in the Meat market amounts to US$1.56bn in 2024. The market is expected to grow annually by 10.35% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$273bn in 2024).
In relation to total population figures, per person revenues of US$107.10 are generated in 2024.
In the Meat market, volume is expected to amount to 156.90m kg by 2029. The Meat market is expected to show a volume growth of 2.9% in 2025.0.
The average volume per person in the Meat market is expected to amount to 9.5kg in 2024.

Definition:

The Meat market covers animal (both domestic and wild) and non-animal meat that are bought and consumed for nutrient-based purposes.

Structure:

The market consists of 3 different submarkets:

The Fresh Meat market covers meat from both domestic and wild animals that are fresh, chilled, or frozen. This market is divided into five submarkets: beef & veal, pork, mutton & goat, poultry, and other fresh meat.
The Processed Meat market covers all types of meat that has been dried, salted, brined, or smoked. This segment is divided into three subsegments: cold & roast meat products, ham & bacon, sausages.
The Meat Substitutes market covers meat-replacement food items created from vegetarian or vegan components.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

Fresh Meat
Processed Meat
Meat Substitutes

Meat-based ready-to-eat meals
Out-of-home consumption

The Meat Market in Guinea is experiencing subdued growth, influenced by factors such as limited access to digital technologies, low health awareness among consumers, and traditional preferences for fresh meat. However, the market is expected to see moderate growth due to increasing demand for processed and meat substitute products.

Customer preferences: With the rise of ethical and sustainable consumption, consumers in Guinea are becoming more conscious of the impact of their food choices on the environment and animal welfare. This has resulted in a growing demand for locally sourced and organic meat products. Additionally, there is a shift towards healthier and leaner meat options, as consumers are becoming more health-conscious. The influence of Western dietary patterns is also evident, with an increasing preference for processed and convenience meat products. As a result, there is a growing demand for alternative protein sources, such as plant-based meat substitutes.

Trends in the market: In recent years, the Meat Market within The Food market has seen a rise in demand for plant-based meat alternatives as consumers become more health-conscious and environmentally aware. This trend is expected to continue as more companies introduce innovative and sustainable plant-based options. Additionally, there is a growing trend of using e-commerce platforms to purchase meat products, as well as increasing demand for locally sourced and organic meat. These trends have significant implications for industry stakeholders, including the need for companies to adapt and diversify their product offerings, and the potential for increased competition in the market. Furthermore, the growing popularity of plant-based options may lead to a shift in consumer preferences and purchasing habits, presenting both challenges and opportunities for meat producers and retailers.

Local special circumstances: In Guinea, the Meat Market within The Food market is heavily influenced by traditional cultural practices and preferences. The consumption of bushmeat, including wild game and primates, is deeply ingrained in the local culture, making it a significant part of the market. Additionally, strict regulations on imported meat products have led to a reliance on locally sourced meat, driving up demand for domestic suppliers. These unique factors contribute to the market's dynamics and set it apart from other markets in the region.

Underlying macroeconomic factors: The Meat Market within The Food market in Guinea is heavily influenced by macroeconomic factors such as economic stability, government policies, and consumer purchasing power. The country's GDP growth and inflation rates, as well as its fiscal policies, play a crucial role in shaping the overall performance of the market. Moreover, global economic trends, such as trade agreements and international demand for meat products, also impact the market. Additionally, factors such as population growth, urbanization, and changing dietary preferences can drive the demand for meat products, creating opportunities for market growth.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

In the past, many cultures considered meat a luxury that could only be enjoyed on special occasions or certain days of the week, while today it is a staple that can be found in nearly all restaurants and many kitchens all over the world. The market value of the meat industry is expected to rise from 897.5 billion U.S. dollars in 2021 to over 1.3 trillion dollars by 2027. In 2022, the United States saw the highest revenue from meat products and sausages, over five billion U.S. dollars more than the second largest meat market in the world, Germany with a revenue of over 33.6 billion U.S. dollars. France, Russia, and Mexico are finishing the top five countries with the biggest revenue from processed meats.