Meat - Kuwait | Statista Market Forecast

Revenue in the Meat market amounts to US$2.15bn in 2024. The market is expected to grow annually by 5.55% (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$493.20 are generated in 2024.
In the Meat market, volume is expected to amount to 280.30m kg by 2029. The Meat market is expected to show a volume growth of 3.4% in 2025.0.
The average volume per person in the Meat market is expected to amount to 55.0kg 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.

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Fresh Meat
Processed Meat
Meat Substitutes

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

The Meat market in Kuwait has seen slight growth due to factors like increasing health consciousness and convenience of online services. However, competition from substitutes and concerns over processed meat have limited its growth rate.

Customer preferences: In Kuwait, there has been a noticeable increase in demand for halal and organic meat products, driven by a growing preference for ethically-sourced and environmentally-friendly options. This trend is particularly pronounced among younger consumers, who are becoming more health-conscious and socially aware. Additionally, there is a growing preference for locally-sourced meat, as consumers become more interested in supporting local businesses and reducing their carbon footprint. This shift towards conscious consumption is also reflected in the rise of plant-based and alternative meat products, as more individuals seek out sustainable and ethical alternatives to traditional meat.

Trends in the market: In Kuwait, the Meat Market within The Food market is seeing a shift towards healthier and more sustainable options. There is a growing demand for organic and grass-fed meat, as consumers become more health-conscious and environmentally aware. This trend is expected to continue, with more consumers seeking transparency and ethical practices from meat suppliers. Additionally, there is a rise in online meat delivery services, making it easier for consumers to access high-quality meat from the comfort of their homes. These trends have significant implications for industry stakeholders, as they will need to adapt to meet the changing demands of consumers and stay competitive in the market. It also presents opportunities for collaboration with sustainable and ethical suppliers, as well as the potential for expanding into the online market.

Local special circumstances: In Kuwait, the Meat Market within The Food market is heavily influenced by the country's Muslim population, as Islam prohibits the consumption of pork. As a result, the market is dominated by halal meat products, with strict regulations in place to ensure proper certification. Additionally, the country's dependence on imports for meat products and its small domestic farming industry also impact the market dynamics. These unique factors contribute to the high demand for quality and diverse halal meat options in Kuwait's Meat Market.

Underlying macroeconomic factors: The Meat Market within The Food market in Kuwait is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. High oil prices, which are a major source of income for Kuwait, have resulted in strong economic growth and consumer spending, leading to an increase in demand for meat products. Additionally, the government's efforts to diversify the economy and reduce dependence on oil have resulted in increased investments in the food and agriculture sector, further driving the growth of the Meat Market. However, fluctuations in oil prices and changes in government policies may impact the market negatively. Moreover, the country's growing population and rising per capita income are also contributing to the growing demand for meat products, making Kuwait a highly lucrative market for the Meat Market within The Food market industry.

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.