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Key regions: Russia, China, Spain, Canada, United Kingdom
The meat market in Slovenia is experiencing minimal growth, influenced by factors such as consumer preference for fresh, locally sourced meat, increasing health consciousness leading to demand for processed meat alternatives, and the convenience of online meat substitutes. This market is expected to continue its slow growth rate as consumers prioritize health and sustainability in their food choices.
Customer preferences: The Meat Market within The Food market is experiencing a shift towards more sustainable and ethically-sourced meat products. Consumers are becoming more conscious of the environmental and ethical impacts of their food choices, leading to a growing demand for organic, free-range, and locally-sourced meat. This trend is also influenced by the increasing number of flexitarians and vegetarians, as well as the rising awareness of animal welfare issues. As a result, meat producers are adapting to these preferences by offering more transparency and traceability in their production processes.
Trends in the market: In Slovenia, there is a growing trend of alternative meat products, such as plant-based meat substitutes and lab-grown meat, entering the market. This trend is being driven by increasing consumer concerns over the environmental and ethical impact of traditional meat production. Additionally, the rise of vegetarian and vegan diets is contributing to the demand for these alternative products. This trajectory is significant as it presents both opportunities and challenges for industry stakeholders. On one hand, it opens up new markets and potential for innovation. On the other hand, it could disrupt the traditional meat market and require adaptation from producers and retailers. As this trend continues to gain momentum, it could have significant implications for the entire food industry in Slovenia and beyond.
Local special circumstances: In Slovenia, the Meat Market within The Food market is heavily influenced by the country's strong agricultural sector and its proximity to other European markets. The demand for high-quality, locally sourced meats is high, with consumers valuing traditional production methods and sustainable farming practices. Additionally, strict regulations on food production and labeling ensure the safety and authenticity of Slovenian meats. These unique factors contribute to the market's stability and the high trust that consumers have in the quality of Slovenian meats.
Underlying macroeconomic factors: The Meat Market within The Food market in Slovenia is heavily influenced by macroeconomic factors such as consumer spending power, government regulations on food safety and imports, and fluctuations in global meat prices. The country's strong economy and stable political climate have led to steady growth in the meat market, with increasing demand for high-quality, organic and sustainable meat products. However, rising concerns about the environmental impact of meat production and the growing popularity of plant-based alternatives are also affecting market performance. Additionally, the increasing focus on health and wellness among consumers is driving demand for leaner and healthier meat options.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)