Market Overview
The global meat market size was valued at USD 1.43 Trillion in 2024. IMARC Group projects the market to grow to USD 1.71 Trillion by 2033, reflecting a compound annual growth rate (CAGR) of 1.91% during the forecast period from 2025 to 2033. The Asia Pacific region is the largest market, holding a 57.8% share in 2024. Various factors, including changing dietary preferences and advancements in processing technologies, are fostering this growth.

Study Assumption Years
• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Period: 2025-2033

Meat Market Key Takeaways
• The global meat market size was valued at USD 1.43 Trillion in 2024.
• The market is expected to grow at a CAGR of 1.91% during 2025-2033.
• The forecast period spans from 2025 to 2033.
• Asia Pacific dominates with a market share of 57.8% in 2024.
• The rising demand for protein-rich diets globally is a significant driver.
• Urbanization is contributing to shifting dietary preferences toward meat consumption.
• Technological advances in meat processing and cold chain logistics support market growth.

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Market Growth Factors
World population increases to drive up meat demand. The world population expects to increase from 7.6 billion people by 2024 to 8.6 billion by 2030 and 9.8 billion by 2050, and reach 11.2 billion by 2100. This created a growing need for food that has lots of protein. It is popular in developing countries. These countries have high population growth. These countries need food. Meanwhile urbanization is changing consumption patterns as people move to urban centers, earn greater incomes and are exposed to greater food diversity. The UN estimates that from 2018 to 2050 the proportion of the world that is urban will increase from 55% to 68% which is driving up global meat consumption.

While meat processing technology has been used to improve the efficiency, quality and safety of production, including by automating equipment in slaughtering and other areas, it also includes vacuum and modified atmosphere packaging, and refrigeration technology, including freezing, which extends meat shelf life and reduces waste. According to the Danish Meat Research Institute, it is estimated that processing centers could save KRW 7.6 billion (USD 5.62 million) in savings each year through greater operational efficiency and improved slaughtering speeds. The ready-to-deliver cold chain logistics based on modern technology is another important aspect driving the cold chain logistics market.

Consumer trends such as the demand for convenience foods may lead to an increase in demand for ready-to-cook or pre-cooked meat products. Consumers have also demanded healthier meats including lean cuts, organic and antibiotic free meats, and grass-fed meats; ethical consumption, traceability of food and labeling with clear guidelines are also in demand. The growing e-commerce and meal kit delivery services have expanded the distribution channels for meat products to convenience-focused customers, particularly in the United States.

Market Segmentation

Analysis by Type
• Raw: Growing consumer preference for fresh, unprocessed meat perceived as healthier and natural. Improved cold chain logistics enhance freshness and safety. Popularity of raw diets among fitness enthusiasts and pet owners also drives demand.

Analysis by Product
• Chicken: Dominates with around 35.0% market share in 2024. Preferred for affordability, versatility, and lower fat content. Growth fueled by advancements in poultry farming, fast-food chains, and e-commerce accessibility.
• Beef
• Pork
• Mutton
• Others

Analysis by Distribution Channel
• Supermarkets and Hypermarkets: Lead the market with around 60.0% share in 2024. Drivers include consumer demand for convenience, one-stop shopping, private label growth, technological enhancements, and integrated online-offline channels.
• Departmental Stores
• Specialty Stores
• Online Stores
• Others

Regional Insights
Asia Pacific leads the global meat market with a 57.8% market share in 2024. This dominance is attributed to rapid urbanization, rising disposable incomes, expanding middle-class populations in China and India, and cultural preferences for meat-rich diets. Technological advancements in processing and cold chain logistics, government support, globalization, and the growth of online retail platforms further stimulate market growth. The region is also seeing increased demand for leaner and organic meat options driven by health trends.

Recent Developments & News
• November 2024: BRF Global acquired a food processing plant in China’s Henan province for USD 43 million and plans to invest USD 36 million to double its capacity to 60,000 metric tonnes per year, with operations starting Q1 2025.
• October 2024: Sysco GB acquired Campbell’s Prime Meat, a Scotland-based supplier of meat and deli products.
• October 2024: Minerva Foods completed acquiring Brazilian assets from Marfrig for USD 1.53 billion, enhancing slaughter capacity with 13 facilities.
• September 2024: Clemens Food Group acquired Kunzler & Co. Inc., adding three processing facilities in Pennsylvania.
• August 2024: Cargill purchased two meat plants from Infinity Meat Solutions, strengthening its partnership with Ahold Delhaize USA and expanding product offerings.

Key Players
• BRF Global
• Cargill, Incorporated
• Clemens Food Group
• Conagra Brands Inc.
• Hormel Foods Corporation
• JBS S.A.
• Minerva Foods SA
• NH Foods Ltd.
• OSI Group
• Sysco Corporation
• Tyson Foods, Inc.
• Vion Group
• WH Group Limited

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