Meat - Suriname | Statista Market Forecast

Revenue in the Meat market amounts to US$23.54m in 2024. The market is expected to grow annually by 5.71% (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$37.43 are generated in 2024.
In the Meat market, volume is expected to amount to 3.39m kg by 2029. The Meat market is expected to show a volume growth of 2.1% in 2025.0.
The average volume per person in the Meat market is expected to amount to 4.9kg 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 Suriname is experiencing minimal growth due to various factors such as limited consumer awareness of alternatives to traditional meat, low disposable income, and lack of infrastructure for online meat sales. Despite the potential for growth in sub-markets like Fresh Meat and Meat Substitutes, the overall market is hindered by these challenges.

Customer preferences: Consumers in Suriname are increasingly turning towards locally sourced and sustainable meat products, as environmental and ethical concerns continue to shape their purchasing decisions. This trend is particularly evident among the younger generation, who prioritize responsible and ethical consumption. Furthermore, there has been a rise in demand for plant-based meat alternatives, driven by a growing number of individuals adopting flexitarian and vegetarian diets. This shift towards conscious and mindful meat consumption is expected to continue in the foreseeable future.

Trends in the market: In Suriname, the Meat Market within The Food market is experiencing a shift towards more sustainable and ethical practices. This trend is driven by consumer demand for transparency and ethical sourcing in meat production. As a result, there is an increase in the availability of organic and locally sourced meat products in the market. This trend is expected to continue, as consumers become more conscious of the environmental and social impact of their food choices. For industry stakeholders, this presents an opportunity to differentiate themselves and cater to the growing demand for sustainable meat options. However, it also poses challenges in terms of supply chain management and pricing, as sustainable practices can be more costly. Overall, the trajectory of this trend is towards a more responsible and conscious meat market in Suriname.

Local special circumstances: In Suriname, the Meat Market within The Food market is heavily influenced by the country's diverse cultural background and its tropical climate. The Surinamese population has a strong preference for locally-sourced meat products, resulting in a thriving market for traditional meats like pork and venison. Additionally, government regulations and trade agreements with neighboring countries play a significant role in shaping the meat market in Suriname. The abundance of fresh, tropical fruits and vegetables also contributes to the unique flavor profiles of Surinamese meat dishes, creating a distinct market that sets it apart from other countries.

Underlying macroeconomic factors: The Meat Market within The Food market in Suriname is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's economic growth and stability play a significant role in the demand for meat products, as it directly affects the purchasing power of consumers. Additionally, government policies and regulations related to trade and agriculture also impact the availability and prices of meat products in the market. Moreover, the increasing global demand for protein-rich diets and the rise in health consciousness among consumers are driving the growth of the Meat Market in Suriname. These factors, along with the country's economic performance, will continue to shape the future of the Meat Market within The Food market in Suriname.

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.