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:
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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Meat Market in Northern Africa is experiencing minimal growth, influenced by factors such as consumer preference for traditional meat products, limited access to technology in certain regions, and the increasing popularity of meat substitutes. Despite this slow growth, the Fresh Meat, Processed Meat, and Meat Substitutes sub-markets are expected to continue driving the overall market due to the region's growing population and rising disposable income.
Customer preferences: The Meat Market within The Food market market has seen a rise in demand for ethically produced and sustainable meat products. Consumers are becoming more conscious about the source of their meat and are opting for products that align with their values. This trend is fueled by the growing awareness of environmental and animal welfare issues. Additionally, there is a growing preference for plant-based meat alternatives as individuals become more health-conscious and seek to reduce their meat consumption. This shift towards ethical and sustainable meat choices reflects a changing consumer mindset and a willingness to pay a premium for products that align with their values.
Trends in the market: In Northern Africa, the Meat Market within The Food market is experiencing a rise in demand for healthier and more sustainable meat options. This trend is driven by the increasing awareness of the negative impact of traditional meat production methods on the environment and human health. As a result, there has been a shift towards alternative protein sources, such as plant-based and lab-grown meat. This trajectory is significant as it presents new opportunities for industry stakeholders to diversify their product offerings and cater to changing consumer preferences. However, it also poses potential challenges for traditional meat producers who may struggle to adapt to this shift in demand.
Local special circumstances: In Northern Africa, the Meat Market within The Food market is heavily influenced by the region's cultural and religious beliefs. The majority of the population follows Islamic dietary laws, which prohibit the consumption of pork. This has led to a higher demand for halal meat products, as well as a preference for locally sourced and organic meat. Additionally, government regulations on import and export of meat products have also played a role in shaping the market, with strict guidelines for ensuring food safety and quality. These unique factors have contributed to the growth of local meat producers and a strong market for halal meat in Northern Africa.
Underlying macroeconomic factors: The Meat Market within The Food market is significantly impacted by macroeconomic factors in Northern Africa. The region's economic health and national fiscal policies greatly influence consumer spending and demand for meat products. Additionally, global economic trends, such as trade agreements and tariffs, can have a significant impact on the import and export of meat. Other financial indicators, such as currency exchange rates and inflation, also play a role in the market's performance. Furthermore, investments in infrastructure, such as transportation and cold storage, can affect the supply and distribution of meat products, ultimately impacting market growth and profitability. Overall, a stable and growing economy, along with favorable fiscal policies and investments, can create a conducive environment for the Meat Market within The Food market in Northern Africa.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights