Meat - Senegal | Statista Market Forecast

Revenue in the Meat market amounts to US$1.99bn in 2024. The market is expected to grow annually by 8.08% (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$109.30 are generated in 2024.
In the Meat market, volume is expected to amount to 297.00m kg by 2029. The Meat market is expected to show a volume growth of 5.7% in 2025.0.
The average volume per person in the Meat market is expected to amount to 12.6kg 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 Senegal is experiencing minimal growth, influenced by factors such as increasing demand for fresh, processed, and substitute meat products, as well as rising health consciousness and convenience offered by online meat services. Despite its slow growth rate, the market is expected to expand due to the country's growing population and rising disposable income.

Customer preferences: As the population in Senegal continues to grow and urbanize, there has been a noticeable shift in consumer preferences towards more convenient and affordable food options. This has led to a rise in demand for processed and packaged meat products, as well as a growing interest in plant-based alternatives. Furthermore, there has been a cultural shift towards more Westernized diets, with a focus on protein-rich meals. This trend is further fueled by rising disposable incomes and changing dietary habits among younger generations.

Trends in the market: In Senegal, the Meat Market within The Food market is experiencing a shift towards more sustainable and ethical practices. There is a growing demand for locally sourced, organic meat products, with consumers becoming more conscious about the impact of their food choices on the environment and animal welfare. This trend is expected to continue, with industry stakeholders investing in sustainable farming methods and improving transparency in their supply chains. Additionally, there is a rise in alternative protein sources such as plant-based meat substitutes, presenting potential challenges and opportunities for traditional meat market players.

Local special circumstances: In Senegal, the Meat Market within The Food market is heavily influenced by the country's geography and cultural practices. With a large Muslim population, the market is dominated by halal meat, which must be prepared according to Islamic dietary laws. This has led to the rise of specialized butchers and markets that cater to this specific demand. Additionally, the country's location in West Africa makes it a hub for the import and export of meat products, with neighboring countries such as Mali and Mauritania being major trading partners. These unique factors contribute to the dynamic and diverse nature of the Meat Market in Senegal, setting it apart from other markets in the region.

Underlying macroeconomic factors: The Meat Market within The Food market in Senegal is heavily influenced by macroeconomic factors such as the country's economic growth, government policies, and global economic trends. With a stable and growing economy, Senegal has a growing demand for meat products, both domestically and for export. Additionally, favorable government policies and investments in the agricultural sector have led to the expansion of the country's livestock production, further driving the growth of the Meat Market. However, the market is also affected by global economic factors such as fluctuations in commodity prices and trade policies, which can have a significant impact on the meat market performance in Senegal. Moreover, with a rapidly growing population and increasing urbanization, there is a growing demand for meat products, particularly among the middle-class population, indicating a positive outlook for the Meat Market in Senegal.

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.