Meat - Seychelles | Statista Market Forecast

Revenue in the Meat market amounts to US$46.47m in 2024. The market is expected to grow annually by 7.38% (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$429.30 are generated in 2024.
In the Meat market, volume is expected to amount to 8.80m kg by 2029. The Meat market is expected to show a volume growth of 3.6% in 2025.0.
The average volume per person in the Meat market is expected to amount to 69.0kg 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 The Food market of Seychelles is seeing minimal growth due to factors such as low demand for processed meat and high prices of meat substitutes. However, the popularity of fresh meat and increasing health consciousness among consumers may drive growth in the future.

Customer preferences: As more consumers in Seychelles become health-conscious, there has been a noticeable increase in demand for organic and grass-fed meat products within the Meat Market. This shift is driven by a growing preference for natural and sustainable food options. Additionally, there has been a rise in demand for plant-based meat alternatives, reflecting a growing trend towards flexitarian and vegetarian diets. This shift in consumer preferences is also influenced by the cultural significance of environmental conservation and animal welfare in Seychelles.

Trends in the market: In Seychelles, the Meat Market within The Food market industry is experiencing a shift towards sustainable and ethical meat production. Consumers are becoming more conscious of the environmental and ethical impact of their food choices and are demanding meat that is sourced and produced responsibly. This trend is expected to continue, with more companies adopting sustainable practices and offering certified organic and grass-fed meat options. This shift towards ethical meat production not only benefits the environment, but also creates a competitive advantage for companies and meets the demands of conscientious consumers. As a result, industry stakeholders must consider implementing sustainable practices to remain competitive and meet consumer expectations.

Local special circumstances: In Seychelles, the Meat Market within The Food market is heavily influenced by the country's strict regulations on imported meat products. Due to its remote location and limited resources, the government has implemented strict measures to ensure the safety and quality of meat products for its citizens. This has led to a smaller market with limited competition, resulting in higher prices for meat products. Additionally, the Seychelles' diverse cultural influences have also shaped the types of meat consumed, with a preference for locally sourced and traditional meats such as fish and game. These unique factors have greatly impacted the dynamics of the Meat Market in Seychelles, creating a market that is distinct from others around the world.

Underlying macroeconomic factors: The Meat Market within The Food market industry in Seychelles is affected by various macroeconomic factors. These include global economic trends, national economic health, fiscal policies, and other relevant financial indicators. For instance, fluctuations in global economic conditions and changes in consumer spending patterns can impact the demand for meat products. Additionally, government policies such as trade agreements and tariffs can affect the cost of importing and exporting meat products, ultimately influencing market performance. Furthermore, the overall economic health of Seychelles, including factors like inflation, unemployment, and GDP growth, can also impact the purchasing power and consumer behavior in the meat market.

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.