Meat - Florida

Florida

Revenue in the Meat market amounts to US$10.67bn in 2024. The market is expected to grow annually by 4.06% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$273bn in 2024).
In relation to total population figures, per person revenues of US$0.45k are generated in 2024.
In the Meat market, volume is expected to amount to 0.96bn kg by 2029. The Meat market is expected to show a volume growth of 2.1% in 2025.
The average volume per person in the Meat market is expected to amount to 37.5kg in 2024.

Key regions: Russia, China, Spain, Canada, United Kingdom

Market

Region

Region comparison

Currency

Analyst Opinion

The Meat Market in Florida has experienced minimal growth due to factors such as a shift towards healthier diets and increasing demand for meat substitutes. Additionally, the convenience and variety offered by online shopping has impacted sales in the Fresh and Processed Meat sub-markets. However, the traditional preference for meat in this region has helped maintain steady growth overall.

Customer preferences: As consumers become more health-conscious, there is a growing demand for sustainably raised and ethically sourced meat products in the Florida market. This trend is driven by a desire for transparency and accountability in the food industry, as well as a greater awareness of the environmental and ethical impact of traditional meat production methods. Additionally, there is a rising interest in alternative protein sources, such as plant-based and lab-grown meats, among younger generations who are more open to trying new and innovative food options. These shifting preferences are also influenced by a growing movement towards healthier and more sustainable lifestyles, as well as a desire to support local and small-scale farmers.

Trends in the market: In Florida, the Meat Market within The Food market is experiencing a shift towards healthier and more sustainable options. This trend is driven by consumer demand for ethically-sourced and environmentally-friendly products. As a result, businesses are incorporating plant-based alternatives, such as Beyond Meat and Impossible Foods, into their offerings. Additionally, there is a growing market for organic, grass-fed, and antibiotic-free meats. These trends have significant implications for industry stakeholders, as they must adapt to meet the changing demands of consumers and remain competitive in the market. This includes investing in new technologies and processes to produce these products, as well as marketing and branding strategies to appeal to the health and environmentally-conscious consumer demographic. However, these developments also present opportunities for growth and expansion in the Meat Market within The Food market market in Florida.

Local special circumstances: In Florida, the Meat Market within The Food market is greatly influenced by the state's diverse population and its unique culinary culture. With a large Hispanic population, there is a high demand for traditional meats such as chorizo and churrasco. Additionally, the state's strict regulations on meat production and handling ensure high-quality and safe products. These factors, along with the state's booming tourism industry, contribute to the dynamic and competitive nature of the Meat Market in Florida.

Underlying macroeconomic factors: The Meat Market within The Food market in Florida is heavily influenced by macroeconomic factors such as consumer income levels, dietary trends, and the overall health of the national economy. As the state's economy grows, consumers have more disposable income and are more likely to purchase higher quality meats from the market. Additionally, changing dietary preferences towards healthier and more sustainable options have also impacted the demand for specific types of meats. Furthermore, government policies and regulations on food safety and labeling also play a major role in shaping the market landscape. Countries with strong economic growth and supportive policies for the food industry are likely to experience higher market growth compared to those with weaker economies and stricter regulations.

Methodology

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.