Processed Meat - Uruguay

  • Uruguay
  • Revenue in the Processed Meat market amounts to US$504.60m in 2024. The market is expected to grow annually by 6.13% (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$149.00 are generated in 2024.
  • In the Processed Meat market, volume is expected to amount to 54.26m kg by 2029. The Processed Meat market is expected to show a volume growth of 0.4% in 2025.
  • The average volume per person in the Processed Meat market is expected to amount to 14.9kg in 2024.

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

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Processed Meat market in Uruguay is facing minimal growth due to various factors such as changing consumer preferences, health concerns, and increasing competition from alternative protein sources. The market for Ham & Bacon, Sausages, and Cold & Roast Meat Products is also impacted by these factors, leading to a slow overall growth rate. However, the convenience and affordability offered by processed meat products continue to drive demand in the country's Food Market.

Customer preferences:
The growing trend of health and wellness consciousness has led to a rise in demand for organic and natural processed meat products. Consumers are becoming more discerning about the ingredients and production methods used in their food choices, opting for antibiotic-free and hormone-free options. This shift towards clean and sustainable eating is also driven by a desire for transparency and ethical sourcing practices in the processed meat industry.

Trends in the market:
In Uruguay, the Processed Meat Market of the Meat Market within The Food market is experiencing a shift towards healthier and more sustainable options. There is a growing demand for plant-based and organic processed meats, as consumers become more health-conscious. This trend is expected to continue, with companies investing in research and development to meet these demands. This presents opportunities for industry stakeholders to tap into this market and diversify their product offerings. Additionally, increasing awareness of the environmental impact of meat production may lead to regulations and policies promoting sustainable practices. This could have implications for the industry, driving innovation and competition in the market.

Local special circumstances:
In Uruguay, the Processed Meat Market of the Meat Market within The Food market is heavily influenced by the country's rich history and culture of meat consumption. The consumption of meat is deeply ingrained in the Uruguayan diet, with traditional methods of meat processing and preparation still widely practiced. Additionally, the country's strict regulations for meat production and export have resulted in a high quality standard for processed meat products. This, combined with Uruguay's favorable geographical location for meat production, has led to a strong domestic market for processed meat and a significant presence in the global market.

Underlying macroeconomic factors:
The Processed Meat Market of the Meat Market within The Food market is greatly impacted by macroeconomic factors in Uruguay. The country's economic health, as well as global economic trends, play a significant role in the market's performance. Fiscal policies, such as taxes and trade regulations, also have a direct impact on the availability and cost of processed meat products. Additionally, factors such as consumer buying power and consumer preferences for healthier options can influence the demand for processed meat products in the market. Furthermore, any changes in the overall economic climate, such as inflation or recession, can significantly impact the purchasing power of consumers and, in turn, affect the market for processed meat products.

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.

Overview

  • Revenue
  • Volume
  • Price
  • Sales Channels
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)