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Edible Meat Market Size

The edible meat market is experiencing growth, with significant contributions from the Asia-Pacific region, particularly in pork consumption, which is a staple in many Asian countries. The market's expansion is driven by changing consumer preferences towards nutritious foods, leading to increased poultry consumption, especially in North America. Africa and the Middle East are emerging as fast-growing regions, with Africa offering attractive investment opportunities across the meat supply chain. The market's dynamics are influenced by local production systems and the involvement of large corporations, which shape the industry landscape.

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Market Size of edible meat Industry

Edible Meat Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.25 Trillion
svg icon Market Size (2029) USD 1.35 Trillion
svg icon Largest Share by Type Pork
svg icon CAGR (2024 - 2029) 1.56 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Edible Meat Market Analysis

The Edible Meat Market size is estimated at 1.25 trillion USD in 2024, and is expected to reach 1.35 trillion USD by 2029, growing at a CAGR of 1.56% during the forecast period (2024-2029).

1.25 Trillion

Market Size in 2024 (USD)

1.35 Trillion

Market Size in 2029 (USD)

3.05 %

CAGR (2017-2023)

1.56 %

CAGR (2024-2029)

Largest Segment by Type

32.02 %

value share, Pork, 2023

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Products such as bacon, sausages, and ham have boosted the demand for processed pork items. The growth in demand is due to its growing consumption in breakfast or lunch.

Largest Segment by Region

53.68 %

value share, Asia-Pacific, 2023

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Larger production and a broader meat-consuming population make Asia-Pacific dominate the market. China, followed by Japan and South Korea are the top markets in the region.

Fastest-growing Segment by Type

1.79 %

Projected CAGR, Mutton, 2024-2029

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Mutton has become the primary protein choice in major regions such as the Middle East and North America and emerging as the default meat type owing to its popularity.

Fastest-growing Segment by Region

3.67 %

Projected CAGR, Africa, 2024-2029

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The growth in the per capita income, as well as the population growth in Sub-Saharan Africa, are projected to drive the edible meat market in the forecast period.

Leading Market Player

4.29 %

market share, Tyson Foods Inc., 2022

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The company leads the market due to its broad product line, which includes all types of edible meat, and its greater market penetration, which extends to almost all regions.

Increased consumption of pork is driving the market demand

  • The global edible meat market is driven by pork consumption, which had the highest growth rate by value in 2022. It is also anticipated that a CAGR of 2.13% will be registered during the forecast period on a value basis. The consumption of pork was largely led by the Asia-Pacific region, with a market share of 68.31% by value in 2022. Pork is considered a staple diet in Asian countries, and consumers usually prefer fresh pork instead of frozen and processed pork. Multiple catering businesses in China, Japan, and Australia are likely to further boost the demand for fresh pork in the future.
  • China emerged as the world’s largest consumer of beef, with a market share of 19.35% by value in 2022. In 2022, the Chinese market consumed 8.84 million tons of beef. However, most countries with high beef per capita consumption are likely to witness their level of beef consumption decline in favor of poultry meat.
  • Also, the consumption of poultry increased drastically globally during the review period, registering a growth of 16.45% in 2022 compared to 2018. The changing consumption patterns of global consumers toward nutritious and healthy foods are driving poultry consumption. North America is the second-major poultry consumption region, with a share of 20% by value in 2022. The affordability of chicken compared to other meat types makes it an attractive option for consumers, especially those who are looking for cost-effective protein sources.
  • The decrease in sheep and lamb production has been accompanied by higher prices, which are responsible for the greater production costs. Mutton was priced 20% higher than any other meat in 2022. Shortages in supply and high prices diminished the consumption of sheep and lamb and prevented their growth.
Global Edible Meat Market

Increased investment in the meat sector drives market growth

  • Edible meat was majorly consumed in the Asia-Pacific region in 2022. From 2019 to 2022, it registered a CAGR of 2.96%. The increased consumption of edible meat resulted in an Asian meat complex, which connects Asian countries and the larger world via meat commodities and their feedstocks. Much of the meat consumed in Southeast Asia is produced locally, primarily through industrialized systems. Large corporations increasingly shape the Asian edible meat market.
  • Africa is anticipated to be the fastest-growing region in the edible meat market for the forecast period. It registered a growth of 3.89% in 2022. The consumption of edible meat is growing in Africa, and investment opportunities are likely to be more attractive than in other global regions. Future investments would be required along the entire value chain, including facilities for raising poultry and pork, abattoirs, feed production, transportation, and equipment supply. The demand for poultry products increased drastically due to the increasing number of retail restaurant chains, such as KFC, Steers, Wimpy, and Debonairs.
  • The Middle East is the second fastest-growing region in the edible meat market. It is expected to register a growth of 2.28% during the forecast period. In Middle Eastern countries, the meat market is expanding rigorously due to rising meat consumption. In 2022, JBS SA invested USD 2 billion and bought two plants in Saudi Arabia and the United Arab Emirates, specializing mainly in frozen food, including beef and chicken. In 2022, Tyson Foods planned to expand its footprint by investing in a Saudi Arabia-based meat company, acquiring a 15% equity stake in Tanmiah and a 60% equity stake in Supreme Foods Processing Company.

Edible Meat Industry Segmentation

Beef, Mutton, Pork, Poultry are covered as segments by Type. Canned, Fresh / Chilled, Frozen, Processed are covered as segments by Form. Off-Trade, On-Trade are covered as segments by Distribution Channel. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • The global edible meat market is driven by pork consumption, which had the highest growth rate by value in 2022. It is also anticipated that a CAGR of 2.13% will be registered during the forecast period on a value basis. The consumption of pork was largely led by the Asia-Pacific region, with a market share of 68.31% by value in 2022. Pork is considered a staple diet in Asian countries, and consumers usually prefer fresh pork instead of frozen and processed pork. Multiple catering businesses in China, Japan, and Australia are likely to further boost the demand for fresh pork in the future.
  • China emerged as the world’s largest consumer of beef, with a market share of 19.35% by value in 2022. In 2022, the Chinese market consumed 8.84 million tons of beef. However, most countries with high beef per capita consumption are likely to witness their level of beef consumption decline in favor of poultry meat.
  • Also, the consumption of poultry increased drastically globally during the review period, registering a growth of 16.45% in 2022 compared to 2018. The changing consumption patterns of global consumers toward nutritious and healthy foods are driving poultry consumption. North America is the second-major poultry consumption region, with a share of 20% by value in 2022. The affordability of chicken compared to other meat types makes it an attractive option for consumers, especially those who are looking for cost-effective protein sources.
  • The decrease in sheep and lamb production has been accompanied by higher prices, which are responsible for the greater production costs. Mutton was priced 20% higher than any other meat in 2022. Shortages in supply and high prices diminished the consumption of sheep and lamb and prevented their growth.
Type
Beef
Mutton
Pork
Poultry
Other Meat
Form
Canned
Fresh / Chilled
Frozen
Processed
Distribution Channel
Off-Trade
Convenience Stores
Online Channel
Supermarkets and Hypermarkets
Others
On-Trade
Region
Africa
By Type
By Form
By Distribution Channel
By Country
Egypt
Nigeria
South Africa
Rest of Africa
Asia-Pacific
By Type
By Form
By Distribution Channel
By Country
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Rest of Asia-Pacific
Europe
By Type
By Form
By Distribution Channel
By Country
France
Germany
Italy
Netherlands
Russia
Spain
United Kingdom
Rest of Europe
Middle East
By Type
By Form
By Distribution Channel
By Country
Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
By Type
By Form
By Distribution Channel
By Country
Canada
Mexico
United States
Rest of North America
South America
By Type
By Form
By Distribution Channel
By Country
Argentina
Brazil
Rest of South America
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Edible Meat Market Size Summary

The edible meat market is experiencing a steady growth trajectory, driven primarily by the increasing consumption of pork, particularly in the Asia-Pacific region, where it is a dietary staple. The region's preference for fresh pork over frozen and processed options is bolstering demand, supported by the expansion of catering businesses in countries like China, Japan, and Australia. Meanwhile, China stands as the largest consumer of beef globally, although there is a noticeable shift towards poultry consumption due to changing dietary preferences for healthier and more affordable protein sources. North America also plays a significant role in poultry consumption, with its affordability making it a popular choice among consumers seeking cost-effective options. However, the sheep and lamb segment faces challenges with high production costs and reduced consumption due to price increases.

The Asia-Pacific region remains the dominant market for edible meat, with significant local production and industrialized systems supporting the supply chain. Africa is projected to be the fastest-growing region, attracting investment opportunities across the value chain, including poultry and pork production facilities. The Middle East is also witnessing rapid market expansion, with substantial investments from major companies like JBS SA and Tyson Foods, aiming to enhance their presence in the region. Global beef production is influenced by various factors, including droughts and demand-driven price increases, particularly in the United States and Brazil. The market is characterized by fragmentation, with major players like Cargill Inc., JBS SA, Sysco Corporation, Tyson Foods Inc., and WH Group Limited holding a significant share. Recent expansions and acquisitions by Tyson Foods highlight the ongoing efforts to meet rising global demand and enhance production capabilities.

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Edible Meat Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Type

      1. 1.1.1 Beef

      2. 1.1.2 Mutton

      3. 1.1.3 Pork

      4. 1.1.4 Poultry

      5. 1.1.5 Other Meat

    2. 1.2 Form

      1. 1.2.1 Canned

      2. 1.2.2 Fresh / Chilled

      3. 1.2.3 Frozen

      4. 1.2.4 Processed

    3. 1.3 Distribution Channel

      1. 1.3.1 Off-Trade

        1. 1.3.1.1 Convenience Stores

        2. 1.3.1.2 Online Channel

        3. 1.3.1.3 Supermarkets and Hypermarkets

        4. 1.3.1.4 Others

      2. 1.3.2 On-Trade

    4. 1.4 Region

      1. 1.4.1 Africa

        1. 1.4.1.1 By Type

        2. 1.4.1.2 By Form

        3. 1.4.1.3 By Distribution Channel

        4. 1.4.1.4 By Country

          1. 1.4.1.4.1 Egypt

          2. 1.4.1.4.2 Nigeria

          3. 1.4.1.4.3 South Africa

          4. 1.4.1.4.4 Rest of Africa

      2. 1.4.2 Asia-Pacific

        1. 1.4.2.1 By Type

        2. 1.4.2.2 By Form

        3. 1.4.2.3 By Distribution Channel

        4. 1.4.2.4 By Country

          1. 1.4.2.4.1 Australia

          2. 1.4.2.4.2 China

          3. 1.4.2.4.3 India

          4. 1.4.2.4.4 Indonesia

          5. 1.4.2.4.5 Japan

          6. 1.4.2.4.6 Malaysia

          7. 1.4.2.4.7 South Korea

          8. 1.4.2.4.8 Rest of Asia-Pacific

      3. 1.4.3 Europe

        1. 1.4.3.1 By Type

        2. 1.4.3.2 By Form

        3. 1.4.3.3 By Distribution Channel

        4. 1.4.3.4 By Country

          1. 1.4.3.4.1 France

          2. 1.4.3.4.2 Germany

          3. 1.4.3.4.3 Italy

          4. 1.4.3.4.4 Netherlands

          5. 1.4.3.4.5 Russia

          6. 1.4.3.4.6 Spain

          7. 1.4.3.4.7 United Kingdom

          8. 1.4.3.4.8 Rest of Europe

      4. 1.4.4 Middle East

        1. 1.4.4.1 By Type

        2. 1.4.4.2 By Form

        3. 1.4.4.3 By Distribution Channel

        4. 1.4.4.4 By Country

          1. 1.4.4.4.1 Bahrain

          2. 1.4.4.4.2 Kuwait

          3. 1.4.4.4.3 Oman

          4. 1.4.4.4.4 Qatar

          5. 1.4.4.4.5 Saudi Arabia

          6. 1.4.4.4.6 United Arab Emirates

          7. 1.4.4.4.7 Rest of Middle East

      5. 1.4.5 North America

        1. 1.4.5.1 By Type

        2. 1.4.5.2 By Form

        3. 1.4.5.3 By Distribution Channel

        4. 1.4.5.4 By Country

          1. 1.4.5.4.1 Canada

          2. 1.4.5.4.2 Mexico

          3. 1.4.5.4.3 United States

          4. 1.4.5.4.4 Rest of North America

      6. 1.4.6 South America

        1. 1.4.6.1 By Type

        2. 1.4.6.2 By Form

        3. 1.4.6.3 By Distribution Channel

        4. 1.4.6.4 By Country

          1. 1.4.6.4.1 Argentina

          2. 1.4.6.4.2 Brazil

          3. 1.4.6.4.3 Rest of South America

Edible Meat Market Size FAQs

The Global Edible Meat Market size is expected to reach USD 1246.56 billion in 2024 and grow at a CAGR of 1.56% to reach USD 1346.90 billion by 2029.

In 2024, the Global Edible Meat Market size is expected to reach USD 1246.56 billion.

Edible Meat Market Report Snapshots

Edible Meat Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029