Meat - Mauritius

Mauritius

Revenue in the Meat market amounts to US$759.90m in 2024. The market is expected to grow annually by 7.32% (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$597.80 are generated in 2024.
In the Meat market, volume is expected to amount to 95.34m kg by 2029. The Meat market is expected to show a volume growth of 3.8% in 2025.
The average volume per person in the Meat market is expected to amount to 63.5kg in 2024.

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

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Analyst Opinion

The Meat Market in Mauritius is experiencing minimal growth, influenced by factors such as consumer preferences for fresh and processed meat, as well as the increasing demand for meat substitutes. However, the overall growth rate is slow due to factors such as economic fluctuations and changing dietary habits. The convenience and health benefits of online meat services may also play a role in driving market growth.

Customer preferences: With the rise of health consciousness and ethical food choices, there is a growing trend towards plant-based diets in Mauritius. This has led to an increase in demand for alternative protein sources such as tofu, tempeh, and plant-based meat substitutes. Additionally, the demand for locally sourced and organic meat has also seen a rise, as consumers become more aware of the environmental impact of large-scale meat production. These shifts in consumer preferences highlight a growing concern for personal health and sustainable food choices.

Trends in the market: In Mauritius, the Meat Market within The Food market is seeing a rise in demand for organic and ethically-sourced meat products. This trend is driven by consumers' increasing awareness and concerns about the environmental and health impacts of conventional meat production. As a result, the market is witnessing a shift towards sustainable and transparent meat production practices. This trend is significant for industry stakeholders as it presents opportunities for differentiation and growth in the market. However, it also poses challenges in terms of meeting consumer demands and ensuring compliance with ethical and sustainable standards. As such, stakeholders need to adapt and innovate to stay competitive and meet the changing demands of consumers in the Meat Market within The Food market industry in Mauritius.

Local special circumstances: In Mauritius, the Meat Market within The Food market is heavily influenced by the island's strong cultural and religious beliefs. The majority of the population follows Hinduism, which prohibits the consumption of beef. As a result, the market is dominated by poultry and seafood products. Additionally, the small size of the island and limited agricultural land availability restrict the production and availability of locally sourced meat. This has led to an increase in imports from neighboring countries, which has a significant impact on market dynamics and pricing.

Underlying macroeconomic factors: The Meat Market within The Food market in Mauritius is influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's economic growth and stability play a significant role in determining the demand for meat products. Favorable economic conditions, such as low unemployment rates and high disposable income, can lead to increased consumption of meat. On the other hand, economic downturns and fluctuations can negatively impact consumer spending on meat products. Government policies and regulations related to trade and agriculture also play a crucial role in shaping the meat market in Mauritius. Additionally, changing consumer preferences and dietary habits, influenced by economic and cultural factors, can also impact the demand for meat products in the country.

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.