Meat - Malta | Statista Market Forecast

Revenue in the Meat market amounts to US$221.20m in 2024. The market is expected to grow annually by 5.13% (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$412.20 are generated in 2024.
In the Meat market, volume is expected to amount to 21.56m kg by 2029. The Meat market is expected to show a volume growth of 2.8% in 2025.0.
The average volume per person in the Meat market is expected to amount to 35.6kg 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 Malta is experiencing minimal growth due to various factors such as increasing health consciousness among consumers, the convenience of online meat shopping, and the rise of meat substitutes. The sub-markets of Fresh Meat, Processed Meat, and Meat Substitutes are all impacted by these factors, leading to a slow growth rate in the overall market. Other factors such as economic factors, consumer preferences, and government regulations may also play a role in the market's growth.

Customer preferences: As the Maltese population becomes more health-conscious, there has been a notable increase in demand for organic and free-range meat products. Consumers are also increasingly seeking out locally sourced and ethically raised meat, reflecting a growing preference for sustainable and ethical consumption. This trend is likely influenced by cultural values and a desire to support local businesses. Furthermore, with the rise of flexitarian and plant-based diets, the Meat Market within The Food market has seen a rise in alternative protein options, such as plant-based meats, catering to changing consumer preferences.

Trends in the market: In Malta, the Meat Market within The Food market is experiencing a shift towards alternative protein sources, such as plant-based meats and cultured meats. This trend is driven by consumer demand for more sustainable and ethical food options, as well as health concerns related to traditional meat consumption. The trajectory of this trend is expected to continue, as more companies invest in research and development of alternative proteins and consumers become more aware of the environmental and health impacts of meat production. This has significant implications for industry stakeholders, as they must adapt to changing consumer preferences and invest in new technologies to remain competitive in the market. Furthermore, this trend has the potential to reduce the reliance on traditional livestock farming, leading to a more sustainable and environmentally-friendly food market in Malta.

Local special circumstances: In Malta, the Meat Market within The Food market is heavily influenced by the island's small size and reliance on imported goods. This results in a limited selection of local meats and a higher demand for imported options. Additionally, the country's strong cultural ties to Catholicism play a role in the market, as there is a significant demand for fish and other seafood during religious holidays. The regulatory environment also contributes to the market dynamics, as strict animal welfare laws and EU regulations on meat imports impact pricing and availability.

Underlying macroeconomic factors: The performance of the Meat Market within The Food market in Malta is heavily influenced by macroeconomic factors such as consumer spending, disposable income, and trade policies. As Malta is a small island nation heavily reliant on imports, any fluctuations in global trade agreements or shifts in consumer spending can greatly impact the market. Additionally, government policies and regulations surrounding food safety and quality can also have a significant influence on the market's performance. The overall health of Malta's economy, including inflation rates and unemployment levels, also play a role in consumer purchasing power and the demand for meat products.

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.