Meat - Togo | Statista Market Forecast

Revenue in the Meat market amounts to US$398.10m in 2024. The market is expected to grow annually by 6.90% (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$42.99 are generated in 2024.
In the Meat market, volume is expected to amount to 44.90m 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 4.0kg 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 Togo is experiencing slow growth, influenced by factors such as limited availability of fresh meat, high costs of processing and lack of awareness about meat substitutes. This, combined with a traditionally low consumption of meat in Togo, contributes to the market's minimal growth rate. However, with increasing health consciousness and potential for technological advancements, the market could see a boost in the future.

Customer preferences: As more consumers become health-conscious and prioritize sustainable food choices, the demand for organic, locally-sourced meat products has grown in Togo's Meat Market within The Food market. This trend is driven by a desire for fresher, healthier options and a growing awareness of the environmental impact of factory farming. Additionally, with the rise of social media and food influencers, there is a growing interest in unique and exotic meat options, such as game meats, among younger demographics.

Trends in the market: In Togo, the Meat Market within The Food market is currently experiencing a shift towards more sustainable and ethically sourced meat products. This trend is being driven by consumer demand for transparency and environmentally friendly options. Additionally, there is a growing market for plant-based meat alternatives, as health and environmental concerns drive consumers towards more plant-based diets. This trend is expected to continue, with potential implications for industry stakeholders such as increased competition and the need for producers to adapt to changing consumer preferences.

Local special circumstances: In Togo, the Meat Market within The Food market is heavily influenced by cultural practices and preferences. The country has a rich cuisine that heavily relies on meat, making it a staple in the local diet. This demand for meat leads to a robust local market, with a variety of traditional meat products available. Additionally, Togo's geographical location and climate make it a suitable environment for livestock farming, further supporting the local meat market. However, the market is also subject to regulatory constraints, as the government closely monitors the import and export of meat products to protect the local industry.

Underlying macroeconomic factors: The Meat Market within The Food market in Togo is greatly influenced by macroeconomic factors such as the country's economic growth, government policies, and global economic trends. Togo's economy has been steadily growing, with a focus on agriculture and trade. This provides a strong foundation for the Meat Market to thrive, as it is heavily dependent on the availability of high-quality meat and a stable market for trade. Additionally, the government's fiscal policies and investments in infrastructure and agriculture have a direct impact on the supply and demand for meat products. Furthermore, global economic trends, such as increasing demand for protein-rich diets, also play a significant role in driving the growth of the Meat Market in Togo.

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.