Meat Industry 2023

Top insights for Meat Markets:

Some analysts expect the meat substitutes market to reach $140 billion by the end of the decade, which would constitute 10 per cent of the $1.4 trillion global meat market.

For 2020, red meat and poultry production is forecast to increase over 3 percent to 108.8 billion driven by record production of beef, pork and broiler meat.

Total red meat and poultry production in 2019 increased to a record 105.2 billion pounds, the fifth consecutive year of increase.

The per capita consumption of poultry meat increased slightly by 2.9%, from 38.1 kg in 2017 to 39.2 kg in 2018.

Overview per country:

• UBS predicts the US sales of plant-based protein and meat alternatives will increase from $4.6 billion in 2018 to $85 billion in 2030, while the sales of plant-based dairy could reach $37.5 billion in 2025.
• China: China consumes 27% of all global meat, with 62% of China's meat consumption being pork.
• China: China's total imports of beef are forecast to increase by 15% from record levels seen last year, which should lend price support to Australian red meat exports and buoy demand during the months of uncertainty ahead.
• Europe: The Commission forecasts that EU meat consumption will decline slightly, from 69.8 kg to 68.7 kg per capita by 2030, because of growing social and ethical concerns, environmental and climate worries and health claims, but also because of the ageing population (eating smaller portions) and lower meat availability on the domestic market.
• Ireland: Cattle supplies at Irish export meat plants totaled 25,964 head during the week ended 2nd May 2020, which represented a decline of 5,596 animals on the equivalent week last year.

Top view datapoints for Meat Markets:

• Red Meat Consumption in the US - 1909 to 2019
• Red Meat Consumption Forecast in the US - 2019 to 2023
• Global Broiler Meat Consumption by Country - 1960 to 2019
• Global Broiler Meat Consumption Forecast by Country - 2019 to 2023
• European Poultry Meat Market Size (in volume) by Country - 2009 to 2019
• European Poultry Meat Market Size Forecast (in volume) by Country - 2019 to 2023
• European Red Meat Market Size (in volume) by Country - 2009 to 2019
• European Red Meat Market Size Forecast (in volume) by Country - 2019 to 2023