Meat - Timor-Leste | Statista Market Forecast

Revenue in the Meat market amounts to US$122.90m in 2024. The market is expected to grow annually by 8.09% (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$89.10 are generated in 2024.
In the Meat market, volume is expected to amount to 26.81m kg by 2029. The Meat market is expected to show a volume growth of 7.7% in 2025.0.
The average volume per person in the Meat market is expected to amount to 14.5kg 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 Timor-Leste is experiencing minimal growth, influenced by factors such as limited access to technology, low consumer awareness of health benefits, and a primarily traditional diet. This slow growth rate is also impacted by a lack of infrastructure and investment in the market.

Customer preferences: The Meat Market within The Food market market in Timor-Leste has seen a rise in demand for locally-sourced, organic and ethically-raised meat products. This trend is driven by consumers' growing concerns for food safety and animal welfare, as well as a desire for traditional and sustainable food options. This has led to an increase in sales of meat from small-scale farmers and traditional markets, as well as a rise in popularity of meat alternatives, such as plant-based proteins. Additionally, there has been a shift towards healthier and more diverse protein sources, with a growing interest in seafood and poultry. These changes reflect the evolving lifestyle choices and cultural values of Timorese consumers.

Trends in the market: In Timor-Leste, the Meat Market within The Food market is experiencing a shift towards more sustainable and locally-sourced meat options. With a growing awareness of the environmental impact of industrialized meat production, consumers are seeking out ethically-raised and organic meat products. This trend is significant as it reflects a shift towards more conscious and healthier eating habits. It also presents opportunities for local farmers and producers to capitalize on the demand for sustainable meat. However, it may also pose challenges for larger meat corporations who rely on mass production methods.

Local special circumstances: In Timor-Leste, the Meat Market within The Food market market is heavily influenced by cultural factors. The country's cuisine is heavily reliant on meat, with dishes such as ikan kuru (dried fish) and babi rai (roast pork) being staples. This demand for meat drives the market, but geographical factors also play a role as the country's mountainous terrain makes it difficult for large-scale meat production. Additionally, regulatory barriers, such as import restrictions, limit the availability of certain types of meat in the market, making it heavily dependent on local suppliers. These unique factors contribute to the dynamics of the Meat Market in Timor-Leste, setting it apart from other markets in the region.

Underlying macroeconomic factors: The Meat Market within The Food market in Timor-Leste is influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's economy has been growing steadily, with a focus on agriculture and livestock production. This has led to an increase in disposable income and consumer spending, driving demand for meat products in the market. Additionally, government policies promoting food security and self-sufficiency have led to the development of the meat industry, resulting in increased production and supply. However, challenges such as limited infrastructure, inadequate technology, and high production costs continue to hinder market growth. Nevertheless, with the increasing population and changing dietary patterns, the demand for meat products is expected to rise, providing opportunities for market expansion.

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.