As of 2023, China leads the global meat market with a volume share of 28.65 thousand metric tons, followed by the United States at 12.69 thousand metric tons and Brazil at 6.53 thousand metric tons. Significant growth is observed in countries like Bolivia (1.57%) and Iraq (3.85%), while others such as Venezuela (-12.16%) and Nigeria (-1.27%) show notable declines. The compound annual growth rate (CAGR) over the past five years highlights that economies with developing markets and increasing meat consumption trends are catching up rapidly.
Future trends to watch in the global meat market include:
- Continued growth in emerging economies such as Bolivia, Iraq, Honduras, and Zambia.
- Potential declines in regions facing economic or political instability, illustrated by the recent trends in Venezuela and Nigeria.
- The impact of plant-based meat alternatives on traditional meat consumption in leading markets like China and the United States.
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 28.65 | 2023 | +1.49% | +0.6% | View data |
2 | 2 United States | 12.69 | 2023 | +0.6% | +0.48% | View data |
3 | 3 Brazil | 6.53 | 2023 | +0.45% | +0.4% | View data |
4 | 4 Russia | 3.45 | 2023 | +0.3% | +0.31% | View data |
5 | 5 Mexico | 2.78 | 2023 | +0.87% | +0.68% | View data |
6 | 6 Japan | 1.99 | 2023 | +0.42% | +0.32% | View data |
7 | 7 Germany | 1.98 | 2023 | -0.42% | -0.3% | View data |
8 | 8 Vietnam | 1.96 | 2023 | +0.55% | +0.46% | View data |
9 | 9 India | 1.77 | 2023 | +0.84% | +0.64% | View data |
10 | 10 Argentina | 1.65 | 2023 | +1% | +0.76% | View data |