Processed Meat - Chile

Chile

Revenue in the Processed Meat market amounts to US$1.89bn in 2024. The market is expected to grow annually by 4.36% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$42bn in 2024).
In relation to total population figures, per person revenues of US$96.14 are generated in 2024.
In the Processed Meat market, volume is expected to amount to 239.40m kg by 2029. The Processed Meat market is expected to show a volume growth of 1.2% in 2025.
The average volume per person in the Processed Meat market is expected to amount to 11.6kg in 2024.

Key regions: India, China, United Kingdom, Spain, South Korea

Market

Region

Region comparison

Currency

Analyst Opinion

The Processed Meat market in Chile is experiencing negligible growth, influenced by factors such as changing consumer preferences, health concerns, and competition from alternative protein sources. Despite this, sub-markets such as Ham & Bacon, Sausages, and Cold & Roast Meat Products continue to drive overall market growth. These trends are likely to be influenced by the growing demand for healthier and sustainable options in The Food market.

Customer preferences: As consumers become more health-conscious, there has been a notable increase in demand for processed meat products that are free from preservatives, additives, and artificial flavors. This shift is driven by a growing awareness of the negative health effects of consuming processed meats, as well as a preference for natural and organic food options. Additionally, the rise of vegan and vegetarian diets in Chile is also impacting the processed meat market, with consumers seeking plant-based alternatives to traditional meat products. This trend is further fueled by the country's growing millennial population, who are more likely to prioritize health and sustainability in their food choices.

Trends in the market: In Chile, the Processed Meat market is experiencing a shift towards healthier options, as consumers become more health-conscious. This trend is driven by the growing demand for plant-based and organic processed meat products. Additionally, there is an increasing focus on sustainability, with companies using more eco-friendly packaging and sourcing ingredients from local farms. These trends are significant for industry stakeholders, as they must adapt to changing consumer preferences and invest in sustainable practices to remain competitive. The potential implications include the need for innovation in product offerings and marketing strategies to cater to the evolving market.

Local special circumstances: In Chile, the Processed Meat Market of the Meat Market within The Food market is heavily influenced by the country's rich culinary culture and preference for high-protein diets. Moreover, strict regulations on food safety and labeling have led to a high level of trust in processed meat products among consumers. Additionally, Chile's geographic location and natural resources make it a major exporter of meat, contributing to the availability and variety of processed meat products in the local market. Furthermore, the country's increasing urbanization and busy lifestyles have fueled the demand for convenient and ready-to-eat processed meat products, leading to the growth of this market in Chile.

Underlying macroeconomic factors: The Processed Meat Market of the Meat Market within The Food market in Chile is affected by various macroeconomic factors. One of the key influences is the country's economic health, which affects consumer spending power and demand for processed meat products. Additionally, global economic trends and fiscal policies can impact the import and export of processed meat, as well as the overall competitiveness of the market. Another important factor is the country's investment in food infrastructure and regulations related to food safety and quality, which can influence the availability and trustworthiness of processed meat products in the market. Furthermore, changing demographics, such as an aging population and increasing prevalence of chronic diseases, can also drive demand for processed meat as a convenient and affordable source of protein. Considering these macroeconomic factors is crucial for companies operating in the Chilean Processed Meat Market to develop successful strategies and thrive in a competitive market.

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.