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World - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Sep 19, 2016

Goat Meat Market - Growth Despite Weak International Trade

Photo: © Kantharochana / Bigstockphoto

Despite the fall of global prices on the meat products market, due to weakening demand from both oil-exporting and developing countries, the goat meat price, in contrast, has peaked. The relatively nascent international trade in goat meat is the reason for this, as its consumption mainly depends on the extent to which goat rearing and breeding has been developed in the producing countries.

Consumption on the goat meat market is inextricably linked to those locations where the meat is produced, in contrast to the meat markets with an existing international trade base: goat meat exports account for no more than X% of its total global output. This figure has remained stable for many years and any tangible pre-requisites for its growth remain absent. As a result, goat meat prices are determined not by the consumption trends and foreign trade policy in importing countries, but by domestic demand and the development of goat rearing and breeding in the producing countries.

According to IndexBox, the key goat meat countries in terms of output are concentrated in Asia and Africa - together, these regions account for over X% of the global total production. Africa and Asia's considerable share in goat meat output is dictated by the specifics of goat rearing and breeding. This industry can develop in even the harshest of environments and the local community is also heavily involved in rearing the animals: goat breeding is mainly conducted through small farm holdings, which due to the goat husbandry obtain not only valuable meat, but also goat milk and skin.

China is the largest global producer of goat meat: in 2015, China's output share totaled X% of total global goat meat production (X million tons); India ranked second, with X%, then Pakistan and Nigeria with X% each respectively, and finally Sudan, with X%. China is the leading country in terms of the average annual rate of growth in goat meat output: from 2007-2015, this stood at X%, higher than the figures for Bangladesh (X%) and Pakistan (X%). The rate of growth in goat meat output in other producing countries was more measured, while India experienced a negative growth trend (-X%).

Should the global price trends for goat meat be mentioned here, then from 2007-2015, the average annual rate of growth for these amounted to +X%; in absolute terms, they doubled over this period, reaching $X thousand/tonne. Price stagnation was observed in Bangladesh only, where they remained below $X thousand/tonne for the entire period. China recorded the most marked growth in terms of price trends, where in 2015, they reached $X thousand/tonne.

In terms of global export prices, from 2007-2015, the average rate of growth (+X%) fell short of the increases in the global selling prices of goat meat; in absolute terms, they had reached $X thousand/tonne by 2015 year-end. This was perhaps a result of enhanced competition on the global meat market. The top-three countries for goat meat exports include Australia (X% of global exports), Ethiopia (X%) and Pakistan (X%). In absolute terms, goat meat exports reached X thousand tons in 2015 (X% of global output): its main consumers are those countries with a predominantly Muslim population, where goat meat is enjoyed as a festive and celebratory delicacy.

In general, goat meat remains unpopular with consumers. Although its consumption is not prohibited by any religious faith, and goat meat is in demand in China, the world's most populated country, in 2015, global goat meat consumption amounted to, on average, only X kg/head. This is only half the story, however: even in the largest consumer countries, demand is dependent on the different social groups.

If the goat meat market's prospects are to be discussed here, then the market outlook depends on the consumer/producer countries' capacity to step up demand.

The dominant trends on the global market can be reflected using the graph figure below, where:

• The X axis shows the growth/decline trends in consumption from 2007-2015 (CAGR);• The Y axis: the prospects for per capita consumption growth;
• The circle size: current market consumption.

The division into quadrants was obtained by applying the two horizontal and vertical dividing lines: the first shows the average global consumption of goat meat (X kg/head), and the second, its average annual growth (+X from 2008-2015).

The first quadrant features countries with a high per capita consumption of goat meat and a modest rate of growth in terms of demand (Nigeria, Pakistan, the Sudan and Iran, in particular). The second quadrant shows countries with high levels of consumption and rates of growth with regard to demand (China, Mali and Turkey). Countries with low consumption and a rapid pace of demand growth (China and Turkey used to be in this group, but both have now moved into the second quadrant as a result of market saturation) are displayed in the third quadrant, and finally the fourth quadrant depicts those countries with low consumption and rates of demand growth (India and Indonesia).

Overall, the situation on the global goat meat market is very paradoxical. Due to the fact that goat rearing and breeding is practised world-wide, goat meat can hardly be classed as an exotic product. As a result, however, of the lack of development in the international goat meat trade, prices for the product are showing the opposite trend, in comparison with other types of meat products. According to IndexBox, despite these contradictions, the global goat meat market is set to expand in the immediate term, driven by increased consumption from Africa's and Asia's growing population.

Do you want to know more about the global goat meat market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • goat meat market share
  • goat meat prices
  • goat meat industry
  • goat meat sales
  • goat meat market forecast
  • goat meat price forecast
  • key goat meat producers

Sourse: World: Goat Meat - Market Report. Analysis And Forecast To 2020

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global goat meat market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 1017 - Goat meat

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. PRODUCING ANIMALS AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Producing Animals, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Producing Animals, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Producing Animals, By Country, 2023
    25. Producing Animals, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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