Meat - Moldova

Moldova

Revenue in the Meat market amounts to US$1,152.00m in 2024. The market is expected to grow annually by 7.97% (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$379.70 are generated in 2024.
In the Meat market, volume is expected to amount to 133.30m kg by 2029. The Meat market is expected to show a volume growth of 2.8% in 2025.
The average volume per person in the Meat market is expected to amount to 38.8kg in 2024.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Meat Market in Moldova is experiencing moderate growth due to factors such as increasing demand for fresh and processed meat, health consciousness among consumers, and the convenience of meat substitutes. However, the minimal growth rate is impacted by challenges such as competition from alternative protein sources and limited production capacity.

Customer preferences: The Meat Market within The Food market in Moldova has seen a rise in demand for locally sourced and ethically raised meat products. Consumers are becoming more conscious of the environmental impact of their food choices, leading to a preference for sustainable and organic options. Additionally, there is a growing interest in alternative protein sources, such as plant-based meats, as consumers explore healthier and eco-friendly options. This trend is also influenced by the increasing number of flexitarians and vegetarians in the country, as well as the rise of health-conscious millennials.

Trends in the market: In Moldova, the Meat Market within The Food market is experiencing a shift towards sustainable and ethically sourced meat products. This trend is driven by growing consumer awareness of the environmental and ethical impact of meat production. As a result, producers are increasingly implementing sustainable practices and offering organic and grass-fed meat options. This trajectory is significant as it not only addresses consumer demands but also positions the industry for long-term success in a changing market. Industry stakeholders must consider incorporating sustainable practices and diversifying their product offerings to stay competitive.

Local special circumstances: In Moldova, the Meat Market within The Food market is heavily influenced by the country's agricultural landscape. With a large portion of the population employed in the farming industry, the market is dominated by locally produced meats. Additionally, Moldova's traditional cuisine places a high value on meat dishes, driving demand for a variety of meat products. However, strict regulations on imported meats and a lack of modern infrastructure can limit the market's potential for growth compared to other markets. This creates a unique dynamic in which local producers hold a strong position in meeting consumer demand, but face challenges in expanding their reach beyond the domestic market.

Underlying macroeconomic factors: The Meat Market within The Food market in Moldova is greatly impacted by macroeconomic factors such as the country's economic stability, consumer spending power, and government policies on agriculture and imports. Global economic trends and trade agreements also play a significant role in determining the availability and pricing of meat products in the Moldovan market. Furthermore, consumer preferences and dietary habits are influenced by cultural and social factors, impacting the demand for different types of meat. Additionally, the fluctuation of currency exchange rates can affect the cost of importing meat, ultimately impacting market performance. Overall, an understanding of these macroeconomic factors is crucial for businesses operating in the Moldovan Meat Market to effectively strategize and adapt to changing market conditions.

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.