Meat - Peru | Statista Market Forecast

Revenue in the Meat market amounts to US$13.05bn in 2024. The market is expected to grow annually by 6.46% (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$376.30 are generated in 2024.
In the Meat market, volume is expected to amount to 3.11bn kg by 2029. The Meat market is expected to show a volume growth of 4.8% in 2025.0.
The average volume per person in the Meat market is expected to amount to 72.3kg 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 Peru has seen minimal growth due to factors such as changing consumer preferences, growing health concerns, and increasing competition from alternative protein sources. The sub-markets of Fresh Meat, Processed Meat, and Meat Substitutes have all been impacted, driving the overall market's slow growth rate.

Customer preferences: As Peruvian cuisine gains popularity globally, consumers in Peru are also showing a growing interest in alternative protein sources. This trend is reflected in the Meat Market within The Food market, with a rise in demand for plant-based meat substitutes. This shift is driven by health and environmental concerns, as well as the desire for variety and experimentation in diets. Additionally, the growing number of flexitarians and vegetarians in Peru is contributing to the emergence of this trend.

Trends in the market: In Peru, the Meat Market within The Food market industry is experiencing a rise in demand for organic and sustainable meat products. This trend is driven by the growing awareness among consumers about the negative impact of conventional meat production on the environment and animal welfare. As a result, many meat producers are shifting towards more sustainable practices, such as grass-fed and free-range farming. This trend is also reflected in the increasing availability of organic and locally-sourced meat at supermarkets and restaurants. Industry stakeholders, including producers, retailers, and consumers, are recognizing the importance of sustainable meat production and its potential to drive growth in the market. However, there are also challenges in implementing these practices, such as higher costs and limited supply. As the trend towards sustainable meat production continues to gain momentum, it is likely to impact the entire value chain and shape consumer preferences in the coming years.

Local special circumstances: In Peru, the Meat Market within The Food market market is heavily influenced by the country's diverse geography and cultural preferences. The coastal regions have a strong demand for seafood, while the Andean highlands favor meat from alpaca and guinea pig. Additionally, Peru has strict regulations on meat imports, leading to a reliance on locally sourced meat. This has created a unique market dynamic, where smaller, family-owned farms dominate the market rather than large-scale industrial producers, resulting in a focus on high-quality and sustainable meat options.

Underlying macroeconomic factors: The Meat Market within The Food market in Peru is greatly impacted by macroeconomic factors such as the country's economic stability, global economic trends, and fiscal policies. Peru's strong economic growth and stable political climate have positively influenced the demand for meat products. However, fluctuations in commodity prices, currency exchange rates, and trade policies can affect the market performance. Additionally, the growing middle-class population and increasing disposable income have led to a shift in consumer preferences towards high-quality and premium meat products, further driving market growth.

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.