Report Update: Apr 1, 2024

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

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Meat market

Meat - World's Largest Markets

Rating	Country
1	China
2	United States
3	Brazil
4	Russia
5	Mexico

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Brazil.

In China, the meat market contracted by an average annual rate of -1.5% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+1.1% per year) and Brazil (+3.2% per year).

Meat Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Belgium	2833	2843	2692	-2.5%
Denmark	2512	2913	2926	7.9%
India	3104	2892	3000	-1.7%
Germany	2895	3111	3023	2.2%
Spain	2924	3173	3187	4.4%
Poland	3351	3289	3238	-1.7%
France	3457	3304	3328	-1.9%
Brazil	3431	3605	3739	4.4%
United States	4203	4075	3806	-4.8%
Canada	3486	3655	3839	4.9%
Netherlands	3804	3785	3936	1.7%
New Zealand	5758	5897	5695	-0.5%
Australia	5498	5740	5926	3.8%
Average	3794	3879	3813	0.3%

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($5,926 per ton), while Belgium ($2,692 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
United States	5095	5408	5413	3.1%
Japan	4837	4922	5271	4.4%
South Korea	4516	4693	4977	5.0%
France	4633	4540	4701	0.7%
Netherlands	4481	4152	4337	-1.6%
Hong Kong SAR	4333	4288	4142	-2.2%
United Kingdom	3882	3786	4046	2.1%
Germany	3423	3549	3612	2.7%
China	3115	3279	3443	5.1%
Italy	3285	3473	3386	1.5%
Mexico	2086	2287	2605	11.7%
Poland	2272	2541	2401	2.8%
Average	3759	3786	3875	1.5%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the United States ($5,413 per ton), while Poland ($2,401 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

Meat - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
China	7.4	12	22	72.4%
United States	7.7	7.9	8.4	4.6%
Japan	8.3	8.6	8	-1.8%
South Korea	4.5	4.6	4.4	-1.3%
Italy	4.7	4.8	4.4	-3.7%

In value terms, China ($22B) constitutes the largest market for imported meat worldwide, comprising 23% of global imports. The second position in the ranking was occupied by the United States ($8.4B), with a 8.8% share of global imports. It was followed by Japan, with a 8.4% share.

From 2018 to 2020, the average annual rate of growth in terms of value in China amounted to +72.4%. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+4.6% per year) and Japan (-1.8% per year).

Meat - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	12	12	12	2.4%
Australia	9.4	11	9.4	-0.1%
Brazil	6.5	8.1	9	17.3%
Spain	5.1	6.2	7.6	22.4%
Netherlands	5.3	5.7	6.1	7.6%

In value terms, the United States ($12.5B), Australia ($9.4B) and Brazil ($9B) appeared to be the countries with the highest levels of exports in 2020, together comprising 33% of global exports. These countries were followed by Spain, the Netherlands, Germany, New Zealand, Canada, Denmark, India, Poland, Belgium and France, which together accounted for a further 46%.

Spain recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Meat - Market Forecast

Driven by rising demand for meat worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Meat - Top Companies

JBS S/A, Tyson Foods, Inc., Inner Mongolia Xilin Guole Meat Foodstuffs Co., Ltd., Micarna SA, Rudolf Schär AG, Mérat & Cie. AG, Tyson Fresh Meats, Inc., Jbs USA Holdings, LLC, NH FOODS LTD., Smithfield Foods, Inc., Pilgrim's Pride Corporation, BRF S/A, Hormel Foods Corporation, Henan Shuanghui Investment and Development Co., Ltd., Jbs USA Food Company, Ernst Sutter AG, SULAI AG, Seaboard Corporation, Perdue Farms Inc., Marfrig Global Foods S/A.

Meat - Product Coverage

HS 020311 - Meat; of swine, carcasses and half-carcasses, fresh or chilled
HS 020312 - Meat; of swine, hams, shoulders and cuts thereof, with bone in, fresh or chilled
HS 020319 - Meat; of swine, n.e.s. in item no. 0203.1, fresh or chilled
HS 020321 - Meat; of swine, carcasses and half-carcasses, frozen
HS 020322 - Meat; of swine, hams, shoulders and cuts thereof, with bone in, frozen
HS 020329 - Meat; of swine, n.e.s. in item no. 0203.2, frozen
HS 020450 - Meat; of goats, fresh, chilled or frozen
HS 0205 - Meat; of horses, asses, mules or hinnies, fresh, chilled or frozen
HS 020810 - Meat and edible meat offal; of rabbits or hares, fresh, chilled or frozen
HS 020410 - Meat; of sheep, lamb carcasses and half-carcasses, fresh or chilled
HS 020421 - Meat; of sheep, carcasses and half-carcasses (excluding carcasses and half-carcasses of lamb), fresh or chilled
HS 020422 - Meat; of sheep (including lamb), cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled
HS 020423 - Meat; of sheep (including lamb), boneless cuts, fresh or chilled
HS 020430 - Meat; of sheep, lamb carcasses and half-carcasses, frozen
HS 020441 - Meat; of sheep, carcasses and half-carcasses (excluding carcasses and half-carcasses of lamb), frozen
HS 020442 - Meat; of sheep (including lamb), cuts with bone in (excluding carcasses and half-carcasses), frozen
HS 020443 - Meat; of sheep (including lamb), boneless cuts, frozen
HS 020830 - Meat and edible meat offal; of primates, fresh, chilled or frozen
HS 020840 - Meat and edible meat offal; of whales, dolphins and porpoises (mammals of the order Cetacea); of manatees and dugongs (mammals of the order Sirenia); of seals, sea lions and walruses (mammals of the suborder Pinnipedia), fresh, chilled or frozen
HS 020850 - Meat and edible meat offal; of reptiles (including snakes and turtles), fresh, chilled or frozen
HS 020860 - Meat and edible meat offal; of camels and other camelids (Camelidae), fresh, chilled or frozen
HS 020890 - Meat and edible meat offal; n.e.s. in chapter 2, fresh, chilled or frozen
HS 020110 - Meat; of bovine animals, carcasses and half-carcasses, fresh or chilled
HS 020120 - Meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), fresh or chilled
HS 020130 - Meat; of bovine animals, boneless cuts, fresh or chilled
HS 020210 - Meat; of bovine animals, carcasses and half-carcasses, frozen
HS 020220 - Meat; of bovine animals, cuts with bone in (excluding carcasses and half-carcasses), frozen
HS 020230 - Meat; of bovine animals, boneless cuts, frozen

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global 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 1108 - Meat of asses
FCL 947 - Buffalo meat
FCL 1127 - Meat of camels
FCL 867 - Meat of cattle
FCL 870 - Meat of cattle, boneless
FCL 1017 - Goat meat
FCL 1097 - Horse meat
FCL 1111 - Meat of mules
FCL 1158 - Meat of other domestic camelids
FCL 1151 - Meat of other domestic rodents
FCL 1035 - Pig meat
FCL 1141 - Rabbit meat
FCL 977 - Meat of sheep

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

Company coverage:

Tyson Foods, Cargill, Sysco, Pilgrim’s, Hormel, Perdue Farms, OSI Group, Koch Foods, Wayne Farms, Mountaire Farms, Keystone Foods, Peco Foods, House of Raeford Farms, Sanderson Farms, Perdue Foods, LDC, Plukon Food Group, PHW Group, Agricola Italiana Alimentare, 2 Sisters Food Group, SV Industries, Maspack Limited,

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. 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. 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. 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. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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
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