Meat - Uganda | Statista Market Forecast

Revenue in the Meat market amounts to US$2.95bn in 2024. The market is expected to grow annually by 11.33% (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$59.17 are generated in 2024.
In the Meat market, volume is expected to amount to 608.30m kg by 2029. The Meat market is expected to show a volume growth of 6.8% in 2025.0.
The average volume per person in the Meat market is expected to amount to 9.1kg 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 Uganda is experiencing mild growth, driven by factors such as increasing demand for fresh, processed, and meat substitute products, as well as rising health consciousness and the convenience of online purchasing options. These sub-markets are expected to continue driving growth in the overall market, with a focus on quality and affordability. However, challenges such as supply chain disruptions and regulatory constraints may impact the market's growth rate.

Customer preferences: Consumers in Uganda are increasingly opting for locally sourced and ethically produced meat products. This trend is driven by a growing awareness of the importance of sustainable and ethical food practices, as well as a desire to support local farmers and businesses. Additionally, there is a growing demand for healthier meat options, such as grass-fed and organic meat, as consumers become more health-conscious. This shift towards ethical and sustainable meat consumption is also influenced by cultural values and traditions, as many Ugandans prioritize the quality and source of their food.

Trends in the market: In Uganda, the Meat Market within The Food market is experiencing a shift towards more sustainable and ethical practices, with a growing demand for locally sourced and organic meat products. This trend is driven by consumer awareness and preference for healthier and environmentally friendly options. Additionally, there is a rise in the adoption of technology in the meat industry, such as digital tracking systems and online marketplaces, enabling better supply chain management and improved access to market for small-scale producers. This trend is expected to continue, presenting opportunities for industry stakeholders to tap into the growing demand for sustainable and tech-driven meat products in Uganda.

Local special circumstances: In Uganda, the Meat Market within The Food market is heavily influenced by the country's geography and cultural practices. The majority of Ugandans reside in rural areas, where traditional meat consumption habits and local livestock rearing practices play a significant role in shaping the market. Additionally, government regulations on meat production and processing have a direct impact on market dynamics. The market is also influenced by the country's climate, which affects the availability and pricing of meat products. These unique local factors differentiate the Ugandan Meat Market from other markets and contribute to its distinctive characteristics.

Underlying macroeconomic factors: The Meat Market within The Food market in Uganda is influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. The market is heavily impacted by the country's overall economic stability and growth, as well as any changes in global economic conditions. Fiscal policies, such as taxes and subsidies, can also affect the cost of production and therefore the prices of meat products in the market. Additionally, fluctuations in exchange rates can impact the cost of importing or exporting meat, which can ultimately affect market prices. It is also important to consider the availability of resources, such as land and labor, as well as government regulations and policies related to meat production and trade. These factors can significantly influence the performance of the Meat Market within The Food market in Uganda.

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.