Meat - Haiti

Haiti

Revenue in the Meat market amounts to US$714.40m in 2024. The market is expected to grow annually by 11.06% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$273bn in 2024).
In relation to total population figures, per person revenues of US$60.68 are generated in 2024.
In the Meat market, volume is expected to amount to 48.21m kg by 2029. The Meat market is expected to show a volume growth of 2.2% in 2025.
The average volume per person in the Meat market is expected to amount to 3.7kg in 2024.

Key regions: Russia, China, Spain, Canada, United Kingdom

Market

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Analyst Opinion

The Meat Market in Haiti is experiencing moderate growth due to factors such as the increasing demand for fresh, locally sourced meat, growing health consciousness among consumers, and the convenience of online meat purchasing options. However, the market's growth rate is subdued due to challenges such as limited infrastructure and resources for meat processing and distribution, as well as competition from meat substitutes.

Customer preferences: In Haiti, the Meat Market within The Food market is experiencing a shift towards more sustainable and ethical sourcing of meat products. Consumers are becoming more conscious of the environmental impact of their food choices and are seeking out locally sourced and organic options. This trend is also driven by cultural traditions and beliefs, as many Haitian consumers prefer to purchase meat from local markets and vendors. Additionally, there is a growing demand for plant-based alternatives in the meat market, reflecting a shift towards healthier and more environmentally friendly diets.

Trends in the market: In Haiti, the Meat Market within The Food market is experiencing a rise in demand for locally sourced and sustainable meat products. This trend is driven by an increasing focus on supporting local farmers and reducing the environmental impact of meat production. Additionally, there is a growing interest in alternative protein sources such as plant-based meats. These trends are significant as they reflect a shift towards more ethical and sustainable food choices. Industry stakeholders should consider adapting to these trends by diversifying their product offerings and investing in sustainable production methods to stay competitive in the market.

Local special circumstances: In Haiti, the Meat Market within The Food market is heavily influenced by the country's unique geographical and cultural factors. Due to its location in the Caribbean, Haiti has a rich history and cultural heritage centered around agriculture, including the production and consumption of meat. Additionally, the country's regulatory environment, which is still in development, has a significant impact on the Meat Market. This has resulted in a market that is heavily reliant on traditional methods of production and distribution, with limited adoption of modern technologies. Despite these challenges, there is a growing demand for locally sourced and affordable meat products, creating opportunities for small-scale and sustainable producers. Furthermore, the recent influx of aid and development programs in the country has also led to an increase in demand for processed meat products, creating a potential for growth in this market segment.

Underlying macroeconomic factors: The Meat Market within The Food market in Haiti is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. As a developing country, Haiti's economic health and policies greatly impact the market's performance. The country's reliance on agriculture and its vulnerability to natural disasters make it susceptible to fluctuations in global food prices. Additionally, high levels of poverty and food insecurity in Haiti also contribute to the demand for affordable meat products. The government's fiscal policies and investments in infrastructure and agriculture also play a crucial role in shaping the market. The Meat Market in Haiti is heavily influenced by these macroeconomic factors, which should be carefully considered when analyzing market performance and potential growth opportunities.

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.