Meat - Moldova | Statista Market Forecast

Revenue in the Meat market amounts to US$1.15bn in 2024. The market is expected to grow annually by 7.96% (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$346.10 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 2025.0.
The average volume per person in the Meat market is expected to amount to 35.4kg 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 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.

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.