Asia-Pacific Edible Meat Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 670.26 Billion |
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Market Size (2029) | USD 728.75 Billion |
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Largest Share by Type | Pork |
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CAGR (2024 - 2029) | 1.69 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Edible Meat Market Analysis
The Asia-Pacific Edible Meat Market size is estimated at 670.26 billion USD in 2024, and is expected to reach 728.75 billion USD by 2029, growing at a CAGR of 1.69% during the forecast period (2024-2029).
670.26 Billion
Market Size in 2024 (USD)
728.75 Billion
Market Size in 2029 (USD)
2.53 %
CAGR (2017-2023)
1.69 %
CAGR (2024-2029)
Largest Segment by Type
39.34 %
value share, Pork, 2023
Pork has become the primary protein choice in the region and emerged as the default meat type in the base year owing to its popularity and changing consumer preferences.
Largest Segment by Country
50.67 %
value share, China, 2023
The high availability and growing population are the major factors driving the demand for meat products in China, making the country’s meat per capita consumption the highest.
Fastest-growing Segment by Type
2.11 %
Projected CAGR, Pork, 2024-2029
Rising incomes, a growing population, and increasing urbanization are the major factors contributing to the growth in pork production and consumption in the region.
Fastest-growing Segment by Country
2.23 %
Projected CAGR, India, 2024-2029
The growing middle-income population, shifting diets toward protein-rich foods, and increasing preference for poultry meat are boosting meat consumption in India
Leading Market Player
1.53 %
market share, WH Group Limited, 2022
The company has several well-known household brands with a wide portfolio fresh, frozen and processed meat products, along with owning many subsidiaries in the region.
Increase in pork production and lower poultry prices fueling the demand
- The Asia-Pacific red meat segment was majorly led by pork meat throughout the study period, with 13% more market value share than poultry meat, which was the second most consumed type of meat in 2022. Pork meat is also anticipated to be the fastest-growing meat type during the forecast period (2023-2029), registering a CAGR value of 2.12%. This can be mainly supported by its growing production rate. It was the most produced meat type in the region, with a hike of 24.3% in domestic production from 2021 to 2022, as the governments are investing in the advancement of the production technologies of pork meat and pig farming.
- However, China generates the largest sales within the region due to high demand and is the largest producer of pork, producing around 53.9 million metric tons in 2022. The overall revenue per person for the APAC region was calculated at USD 117.50 in 2023, which is increasing the sales value.
- Mutton is likely to witness a high-growing CAGR value of 1.35% during the forecast period (2023-2029). Due to consumer preference for grass-fed meat, which reduces carbon footprint while being sustainable, the demand for mutton is rising. The food service industry is where most people get their mutton due to the work-from-home trend, which is becoming a new normal and driving the demand for processed and frozen forms majorly. For instance, in Asia-Pacific, around 50-60% of the population is working in a hybrid model.
- Poultry meat also accounted for a significant share in the market, which is projected to register a CAGR value of 1.37% during the forecast period (2023-2029) because of the high availability of chicken in the region and the affordable prices, which are around 30-40% lower than red meat prices, driving the market positively.
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China is the largest consumer of edible meat in the region
- The edible meat market in Asia-Pacific was anticipated to register a positive CAGR of 2.50% during 2017-2022. The influence of highly pathogenic avian influenza (HPAI) in the major countries in the region, such as China, Vietnam, and South Korea, slightly impacted the segmental growth. In December 2022, the recurrence of HPAI subtype H5N1 started in Hong Kong (Yuen Long). Since October 2022, more than 14.6 million Japanese poultry have been directly impacted by HPAI outbreaks linked to the H5N1 virus serotype. In Taiwan, 20 outbreaks directly impacted more than 325,700 commercial birds in 2022.
- China is a major meat-consuming country and is expected to hold a larger market share during the forecast period. The sales of edible meat in the country increased by 2.25% in 2022 compared to the previous year. China consumes 28% of the world’s meat, and it also consumes around half of all pork in the world. The high availability and growing population are the major factors driving the demand for meat products in China. Pork was the most widely consumed meat type in China and accounted for 50.07% of the total edible meat in China in 2022.
- India is anticipated to be the fastest-growing country in the forecast period, registering a CAGR of 2.24% on a value basis. In India, poultry meat was the most consumed meat as of 2022. Around 70% of the Indian population is non-vegetarian. The total meat production in the country was around 9.29 million tons during 2021-2022, with an annual growth rate of 5.62% by volume. India has an abundant supply of meat, and the meat processing industry in the country is anticipated to grow during the forecast period.
Asia-Pacific Edible Meat Market Trends
Major producing countries are observing growth owing to the increasing export demand
- In Asia-Pacific, the leading producers of beef were China, India, and Australia, with a volume share of 38.95%, 29.69%, and 9.84%, respectively, in 2022. In China, production grew by 3.22% in 2022 compared to 2021. The production is anticipated to grow in the future, driven by rising cattle herds, particularly on large farms, and strong domestic demand owing to the ongoing pork shortage. High feed costs and lower-cost imports of beef products would have an impact on China's cattle production. Consumer demand for beef products has grown beyond the normal hotel and restaurant trade to include ready-cooked meals.
- The Indian market saw a growth of around 2% in 2022 compared to 2021, owing to the growing export demand and marginally higher domestic consumption. In 2023, India was expected to consume 779 million kg of beef, an increase of 1.84% from 2022, driven largely by its affordable pricing. For the supply and promotion of quality meat, the regulatory bodies in the nation are encouraging farmers' cooperatives to play an important role, including the promotion of backward integration and contract farming.
- In March 2023, the number of cattle slaughtered in Australia increased 13.5% to 1.7 million compared to the previous year. Beef production in the March 2023 quarter increased 11.3% to 524,335 tons compared to the same period in 2022. In 2022, Australia produced approximately 1.9 million tons of carcass weight (cwt) of beef and veal, and in the same year, Australia exported 67% of its total beef and veal production. The plentiful grazing pasture in the country supported the production of grass-fed cattle. In 2022, 2.7 million grain-fed cattle were marketed, accounting for 47% of all adult cattle slaughtered.
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Beef prices are growing at a steady pace in the region owing to the large production base
- In 2022, beef prices in the region were up by 0.96% compared to 2021. This rise in prices was owing to the heated geopolitical conditions, supply imbalance and demand for global commodities, increasing energy prices, and logistic barriers. The beef price index saw a decrease in 2023, reaching 118.48 in June and falling from 135.83 during the same period in 2022, which is anticipated to stabilize the beef prices in the region.
- The price of beef in China highly impacts the Asia-Pacific market, owing to China being the largest producer of beef in the region. The price of beef in China increased at an average of 2.02% throughout the review period compared to a regional average growth rate of 1.40%. The country also imports a good amount of beef from Brazil, which is mainly used in preparing industrialized products and other popular dishes. In 2023, the country saw a decrease in imports owing to the increase in local production, thus stabilizing the prices. The beef prices in the region experience a spike during the festive season. In countries like Indonesia, in 2022, beef prices ranged from USD 9.75 to USD 6.96/kg, whereas it was around USD 11.84/kg during Eid and Ramadan.
- Australia is among the top three producers of beef in the region and a major source of premium beef in the region. More than 60% of the beef produced annually in Australia is exported to the global market. The price of young Australian cattle in the market jumped by 132% in about two years, reaching USD 7.99 in October 2021. Importers from countries such as Indonesia and Vietnam struggled with a combination of a strong Australian currency and rising cattle prices. However, despite the rise in CIF (cost, insurance, and freight), retail beef prices were steady in both Indonesia and Vietnam.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Higher production costs and weaker demand are fluctuating prices
- Governments are supporting production with subsidies; however, supply constraints exist
- Producers are focusing on integrated farming with advanced technologies to increase productivity
- Outbreak of African swine fever impacted pork prices across the region
- Investments are being made across major producing nations to overcome outbreaks
Asia-Pacific Edible Meat Industry Overview
The Asia-Pacific Edible Meat Market is fragmented, with the top five companies occupying 4.11%. The major players in this market are COFCO Corporation, NH Foods Ltd, Tyson Foods Inc., Vion Group and WH Group Limited (sorted alphabetically).
Asia-Pacific Edible Meat Market Leaders
COFCO Corporation
NH Foods Ltd
Tyson Foods Inc.
Vion Group
WH Group Limited
Other important companies include Bid Corporation Limited, China Yurun Food Group Ltd, Danish Crown AmbA, Linyi Xincheng Jinluo Meat Products Co. Ltd, Tönnies Holding ApS & Co. KG, Westfleisch SCE mbH.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Edible Meat Market News
- November 2023: Tyson Foods announced plans to build new production facilities in China and Thailand, and expand its facility in the Netherlands. The latest expansions, adds over 100,000 tonnes of fully cooked poultry capacity. The new plant in China and Thailand is expected to create more than 700, 1000 jobs respectively and the European expansion will add more than 150 jobs.
- October 2023: Tonnies Holding announced it had signed a Joint Venture Agreement with the Dekon Group to set up slaughterhouse and butchery facilities in Sichuan, China. The total investment amounts to USD 530 million, of which around USD 158 million is accounted for by the slaughter and cutting centre.
- February 2021: Tyson Foods has bought a 49% stake in a Malaysia-based company’s vertically integrated poultry business (Malysian Flour Mills Berhad) which operates poultry business that includes feed mills, hatcheries, farms and processing facilities.
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We offer a comprehensive and exhaustive set of data pointers. These cover global, regional, and country-level metrics that illustrate the fundamentals of the meat and meat substitutes industry. Clients can access in-depth market analysis through 45+ free charts. This analysis is based on the production of various meat and seafood types, as well as the prices of meat, meat substitutes, and different seafood types. We provide granular-level segmental information, supported by a repository of market data, trends, and expert analysis. Data and analysis on meat types, seafood types, meat substitute types, forms, distribution channels, and more are available. These are provided in the form of comprehensive reports as well as Excel-based data worksheets.
Asia-Pacific Edible Meat Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. INTRODUCTION
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
3. KEY INDUSTRY TRENDS
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3.1 Price Trends
- 3.1.1 Beef
- 3.1.2 Mutton
- 3.1.3 Pork
- 3.1.4 Poultry
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3.2 Production Trends
- 3.2.1 Beef
- 3.2.2 Mutton
- 3.2.3 Pork
- 3.2.4 Poultry
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3.3 Regulatory Framework
- 3.3.1 Australia
- 3.3.2 China
- 3.3.3 India
- 3.3.4 Japan
- 3.4 Value Chain & Distribution Channel Analysis
4. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
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4.1 Type
- 4.1.1 Beef
- 4.1.2 Mutton
- 4.1.3 Pork
- 4.1.4 Poultry
- 4.1.5 Other Meat
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4.2 Form
- 4.2.1 Canned
- 4.2.2 Fresh / Chilled
- 4.2.3 Frozen
- 4.2.4 Processed
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4.3 Distribution Channel
- 4.3.1 Off-Trade
- 4.3.1.1 Convenience Stores
- 4.3.1.2 Online Channel
- 4.3.1.3 Supermarkets and Hypermarkets
- 4.3.1.4 Others
- 4.3.2 On-Trade
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4.4 Country
- 4.4.1 Australia
- 4.4.2 China
- 4.4.3 India
- 4.4.4 Indonesia
- 4.4.5 Japan
- 4.4.6 Malaysia
- 4.4.7 South Korea
- 4.4.8 Rest of Asia-Pacific
5. COMPETITIVE LANDSCAPE
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Landscape
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5.4 Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
- 5.4.1 Bid Corporation Limited
- 5.4.2 China Yurun Food Group Ltd
- 5.4.3 COFCO Corporation
- 5.4.4 Danish Crown AmbA
- 5.4.5 Linyi Xincheng Jinluo Meat Products Co. Ltd
- 5.4.6 NH Foods Ltd
- 5.4.7 Tyson Foods Inc.
- 5.4.8 Tönnies Holding ApS & Co. KG
- 5.4.9 Vion Group
- 5.4.10 Westfleisch SCE mbH
- 5.4.11 WH Group Limited
6. KEY STRATEGIC QUESTIONS FOR MEAT INDUSTRY CEOS
7. APPENDIX
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7.1 Global Overview
- 7.1.1 Overview
- 7.1.2 Porter’s Five Forces Framework
- 7.1.3 Global Value Chain Analysis
- 7.1.4 Market Dynamics (DROs)
- 7.2 Sources & References
- 7.3 List of Tables & Figures
- 7.4 Primary Insights
- 7.5 Data Pack
- 7.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- BEEF PRICE PER METRIC TON, USD, ASIA-PACIFIC, 2017 - 2023
- Figure 2:
- MUTTON PRICE PER METRIC TON, USD, ASIA-PACIFIC, 2017 - 2023
- Figure 3:
- PORK PRICE PER METRIC TON, USD, ASIA-PACIFIC, 2017 - 2023
- Figure 4:
- POULTRY PRICE PER METRIC TON, USD, ASIA-PACIFIC, 2017 - 2023
- Figure 5:
- BEEF PRODUCTION, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 6:
- MUTTON PRODUCTION, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 7:
- PORK PRODUCTION, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 8:
- POULTRY PRODUCTION, METRIC TON, ASIA-PACIFIC, 2017 - 2029
- Figure 9:
- VOLUME OF EDIBLE MEAT MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- VALUE OF EDIBLE MEAT MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 11:
- VOLUME OF EDIBLE MEAT MARKET BY TYPE, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 12:
- VALUE OF EDIBLE MEAT MARKET BY TYPE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 13:
- VOLUME SHARE OF EDIBLE MEAT MARKET SPLIT BY TYPE, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 14:
- VALUE SHARE OF EDIBLE MEAT MARKET SPLIT BY TYPE, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 15:
- VOLUME OF BEEF MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- VALUE OF BEEF MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 17:
- VALUE SHARE OF BEEF EDIBLE MEAT MARKET SPLIT BY FORM, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 18:
- VOLUME OF MUTTON MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 19:
- VALUE OF MUTTON MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 20:
- VALUE SHARE OF MUTTON EDIBLE MEAT MARKET SPLIT BY FORM, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 21:
- VOLUME OF PORK MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 22:
- VALUE OF PORK MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 23:
- VALUE SHARE OF PORK EDIBLE MEAT MARKET SPLIT BY FORM, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 24:
- VOLUME OF POULTRY MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 25:
- VALUE OF POULTRY MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 26:
- VALUE SHARE OF POULTRY EDIBLE MEAT MARKET SPLIT BY FORM, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 27:
- VOLUME OF OTHER MEAT MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 28:
- VALUE OF OTHER MEAT MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 29:
- VALUE SHARE OF OTHER MEAT EDIBLE MEAT MARKET SPLIT BY FORM, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 30:
- VOLUME OF EDIBLE MEAT MARKET BY FORM, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 31:
- VALUE OF EDIBLE MEAT MARKET BY FORM, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 32:
- VOLUME SHARE OF EDIBLE MEAT MARKET SPLIT BY FORM, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 33:
- VALUE SHARE OF EDIBLE MEAT MARKET SPLIT BY FORM, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 34:
- VOLUME OF CANNED EDIBLE MEAT MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 35:
- VALUE OF CANNED EDIBLE MEAT MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 36:
- VALUE SHARE OF CANNED EDIBLE MEAT MARKET SPLIT BY TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 37:
- VOLUME OF FRESH / CHILLED EDIBLE MEAT MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 38:
- VALUE OF FRESH / CHILLED EDIBLE MEAT MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 39:
- VALUE SHARE OF FRESH / CHILLED EDIBLE MEAT MARKET SPLIT BY TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 40:
- VOLUME OF FROZEN EDIBLE MEAT MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 41:
- VALUE OF FROZEN EDIBLE MEAT MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 42:
- VALUE SHARE OF FROZEN EDIBLE MEAT MARKET SPLIT BY TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 43:
- VOLUME OF PROCESSED EDIBLE MEAT MARKET, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 44:
- VALUE OF PROCESSED EDIBLE MEAT MARKET, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 45:
- VALUE SHARE OF PROCESSED EDIBLE MEAT MARKET SPLIT BY TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 46:
- VOLUME OF EDIBLE MEAT MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 47:
- VALUE OF EDIBLE MEAT MARKET BY DISTRIBUTION CHANNEL, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 48:
- VOLUME SHARE OF EDIBLE MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 49:
- VALUE SHARE OF EDIBLE MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 50:
- VOLUME OF EDIBLE MEAT MARKET SOLD VIA OFF-TRADE, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 51:
- VALUE OF EDIBLE MEAT MARKET SOLD VIA OFF-TRADE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 52:
- VOLUME OF EDIBLE MEAT MARKET SOLD VIA OFF-TRADE CHANNELS, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 53:
- VALUE OF EDIBLE MEAT MARKET SOLD VIA OFF-TRADE CHANNELS, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 54:
- VOLUME OF EDIBLE MEAT MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 55:
- VALUE OF EDIBLE MEAT MARKET SOLD VIA CONVENIENCE STORES, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 56:
- VALUE SHARE OF EDIBLE MEAT MARKET SOLD VIA CONVENIENCE STORES SPLIT BY TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 57:
- VOLUME OF EDIBLE MEAT MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 58:
- VALUE OF EDIBLE MEAT MARKET SOLD VIA ONLINE CHANNEL, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 59:
- VALUE SHARE OF EDIBLE MEAT MARKET SOLD VIA ONLINE CHANNEL SPLIT BY TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 60:
- VOLUME OF EDIBLE MEAT MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 61:
- VALUE OF EDIBLE MEAT MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 62:
- VALUE SHARE OF EDIBLE MEAT MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS SPLIT BY TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 63:
- VOLUME OF EDIBLE MEAT MARKET SOLD VIA OTHERS, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 64:
- VALUE OF EDIBLE MEAT MARKET SOLD VIA OTHERS, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 65:
- VALUE SHARE OF EDIBLE MEAT MARKET SOLD VIA OTHERS SPLIT BY TYPE, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 66:
- VOLUME OF EDIBLE MEAT MARKET SOLD VIA ON-TRADE, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 67:
- VALUE OF EDIBLE MEAT MARKET SOLD VIA ON-TRADE, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 68:
- VOLUME OF EDIBLE MEAT MARKET BY COUNTRY, METRIC TONS, ASIA-PACIFIC, 2017 - 2029
- Figure 69:
- VALUE OF EDIBLE MEAT MARKET BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2029
- Figure 70:
- VOLUME SHARE OF EDIBLE MEAT MARKET SPLIT BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 71:
- VALUE SHARE OF EDIBLE MEAT MARKET SPLIT BY COUNTRY, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 72:
- VOLUME OF EDIBLE MEAT MARKET, METRIC TONS, AUSTRALIA, 2017 - 2029
- Figure 73:
- VALUE OF EDIBLE MEAT MARKET, USD, AUSTRALIA, 2017 - 2029
- Figure 74:
- VALUE SHARE OF EDIBLE MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, AUSTRALIA, 2022 VS 2029
- Figure 75:
- VOLUME OF EDIBLE MEAT MARKET, METRIC TONS, CHINA, 2017 - 2029
- Figure 76:
- VALUE OF EDIBLE MEAT MARKET, USD, CHINA, 2017 - 2029
- Figure 77:
- VALUE SHARE OF EDIBLE MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, CHINA, 2022 VS 2029
- Figure 78:
- VOLUME OF EDIBLE MEAT MARKET, METRIC TONS, INDIA, 2017 - 2029
- Figure 79:
- VALUE OF EDIBLE MEAT MARKET, USD, INDIA, 2017 - 2029
- Figure 80:
- VALUE SHARE OF EDIBLE MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, INDIA, 2022 VS 2029
- Figure 81:
- VOLUME OF EDIBLE MEAT MARKET, METRIC TONS, INDONESIA, 2017 - 2029
- Figure 82:
- VALUE OF EDIBLE MEAT MARKET, USD, INDONESIA, 2017 - 2029
- Figure 83:
- VALUE SHARE OF EDIBLE MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, INDONESIA, 2022 VS 2029
- Figure 84:
- VOLUME OF EDIBLE MEAT MARKET, METRIC TONS, JAPAN, 2017 - 2029
- Figure 85:
- VALUE OF EDIBLE MEAT MARKET, USD, JAPAN, 2017 - 2029
- Figure 86:
- VALUE SHARE OF EDIBLE MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, JAPAN, 2022 VS 2029
- Figure 87:
- VOLUME OF EDIBLE MEAT MARKET, METRIC TONS, MALAYSIA, 2017 - 2029
- Figure 88:
- VALUE OF EDIBLE MEAT MARKET, USD, MALAYSIA, 2017 - 2029
- Figure 89:
- VALUE SHARE OF EDIBLE MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MALAYSIA, 2022 VS 2029
- Figure 90:
- VOLUME OF EDIBLE MEAT MARKET, METRIC TONS, SOUTH KOREA, 2017 - 2029
- Figure 91:
- VALUE OF EDIBLE MEAT MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 92:
- VALUE SHARE OF EDIBLE MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, SOUTH KOREA, 2022 VS 2029
- Figure 93:
- VOLUME OF EDIBLE MEAT MARKET, METRIC TONS, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 94:
- VALUE OF EDIBLE MEAT MARKET, USD, REST OF ASIA-PACIFIC, 2017 - 2029
- Figure 95:
- VALUE SHARE OF EDIBLE MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF ASIA-PACIFIC, 2022 VS 2029
- Figure 96:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2020 - 2023
- Figure 97:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2020 - 2023
- Figure 98:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-Pacific 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. Australia, China, India, Indonesia, Japan, Malaysia, South Korea are covered as segments by Country.
- The Asia-Pacific red meat segment was majorly led by pork meat throughout the study period, with 13% more market value share than poultry meat, which was the second most consumed type of meat in 2022. Pork meat is also anticipated to be the fastest-growing meat type during the forecast period (2023-2029), registering a CAGR value of 2.12%. This can be mainly supported by its growing production rate. It was the most produced meat type in the region, with a hike of 24.3% in domestic production from 2021 to 2022, as the governments are investing in the advancement of the production technologies of pork meat and pig farming.
- However, China generates the largest sales within the region due to high demand and is the largest producer of pork, producing around 53.9 million metric tons in 2022. The overall revenue per person for the APAC region was calculated at USD 117.50 in 2023, which is increasing the sales value.
- Mutton is likely to witness a high-growing CAGR value of 1.35% during the forecast period (2023-2029). Due to consumer preference for grass-fed meat, which reduces carbon footprint while being sustainable, the demand for mutton is rising. The food service industry is where most people get their mutton due to the work-from-home trend, which is becoming a new normal and driving the demand for processed and frozen forms majorly. For instance, in Asia-Pacific, around 50-60% of the population is working in a hybrid model.
- Poultry meat also accounted for a significant share in the market, which is projected to register a CAGR value of 1.37% during the forecast period (2023-2029) because of the high availability of chicken in the region and the affordable prices, which are around 30-40% lower than red meat prices, driving the market positively.
| 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 | ||
| Distribution Channel | On-Trade | |
| Country | Australia | |
| China | ||
| India | ||
| Indonesia | ||
| Japan | ||
| Malaysia | ||
| South Korea | ||
| Rest of Asia-Pacific |
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Market Definition
- Meat - Meat is defined as the flesh or other edible parts of an animal used for food. The end use of the meat industry consists of only human consumption. Meat is generally purchased from retail outlets for home cooking and consumption. For the market studied, only uncooked meat has been considered. This could be processed in various forms, which have been covered under the “Processed” form. The other purchases of meat happen through the consumption of meat at foodservice outlets (restaurants, hotels, catering, etc.).
- Other Meats - The other meat segment includes the meat of camel, horse, rabbit, etc. These are not so commonly consumed meat types but still, have a presence in distinct parts of the world. Regardless of it being part of red meat, we have considered these meat types separately for a better understanding of the market.
- Poultry Meat - Poultry meat also called white meat, comes from birds raised commercially or domestically for human consumption. This includes chicken, turkey, ducks, and geese.
- Red Meat - Red meat typically has a red color when raw and a dark color when cooked. It includes any meat that comes from mammals, such as beef, lamb, pork, goat, veal, and mutton.
| Keyword | Definition |
|---|---|
| A5 | It is a Japanese grading system for beef. The 'A' means the carcass yield is the highest possible and the numeric rating relates to beef marbling, color and brightness of the flesh, its texture and color, luster, and fat quality. A5 is the highest mark wagyu beef can score. |
| Abbatoir | It is another name for a slaughterhouse and refers to the premise used for or in connection with the slaughter of animals whose meat is intended for human consumption. |
| Acute Hepatopancreatic Necrosis Disease (AHPND) | It is a disease that affects shrimp and is characterized by high mortalities, in many cases reaching 100% within 30-35 days of stocking grow-out ponds. |
| African Swine Fever (ASF) | It is a highly contagious viral disease of pigs caused by a double-stranded DNA virus in the Asfarviridae family. |
| Albacore Tuna | It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea. |
| Angus beef | It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark |
| Bacon | It is salted or smoked meat that comes from the back or sides of a pig |
| Black Angus | It is beef derived from a black-hided breed of cows that don't have horns. |
| Bologna | It is an Italian smoked sausage made of meat, typically large and made from pork, beef or veal. |
| Bovine spongiform encephalopathy (BSE) | It is a progressive neurological disorder of cattle that results from infection by an unusual transmissible agent called a prion. |
| Bratwurst | It refers to a type of German sausage made from pork, beef or veal. |
| BRC | British Retail Consortium |
| Brisket | It is a cut of meat from the breast or lower chest of beef or veal. The beef brisket is one of the nine beef primal cuts. |
| Broiler | It refers to any chicken (Gallus domesticus) that is bred and raised specifically for meat production. |
| Bushel | It is a unit of measurement for grains and pulses. 1 bushel = 27.216 kg |
| Carcass | It refers to the dressed body of a meat animal from which butchers trim the meat |
| CFIA | Canadian Food Inspection Agency |
| Chicken Tender | It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird. |
| Chuck Steak | It refers to a cut of beef that is part of the chuck primal, which is a large section of meat from the shoulder area of a cow |
| Corned Beef | It refers to beef brisket cured in brine and boiled, typically served cold. |
| CWT | Also known as a hundredweight, it is a unit of measurement used to define the quantity of meat. 1 CWT = 50.80 kg |
| Drumstick | It refers to a chicken leg without the thigh. |
| EFSA | European Food Safety Authority |
| ERS | Economic Research Service of the USDA |
| Ewe | It is an adult female sheep. |
| FDA | Food and Drug Administration |
| Fillet Mignon | It is a cut of meat taken from the smaller end of the tenderloin. |
| Flank Steak | It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Forage | It refers to animal feed. |
| Foreshank | It is the upper part of the foreleg of cattle |
| Franks | Also known as frankfurter or Würstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Gizzard | It refers to an organ found in the digestive tract of birds. It is also called the mechanical stomach of a bird. |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley |
| Grain-fed beef | It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grainfed cows can also be given antibiotics and growth hormones to fatten them up more quickly. |
| Grass-fed beef | It is beef derived from cattle that have only been fed grass as feed. |
| Ham | It refers to the pork meat taken from the leg of a pig. |
| HoReCa | Hotels, Restaurants and Cafes |
| Jerky | It is lean trimmed meat that has been cut into strips and dried (dehydrated) to prevent spoilage. |
| Kobe Beef | It is Wagyu beef specifically from the Kuroge Washu breed of cows in Japan. To be classified as Kobe beef, the cow must have been born, raised, and slaughtered within the Hyōgo prefecture in the city of Kobe in Japan. |
| Liverwurst | It is type of German sausage made from beef or pork liver. |
| Loin | It refers to the sides between the lower ribs and pelvis, and the lower part of the back of a cow. |
| Mortadella | It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat. |
| Pastrami | It refers to a highly seasoned smoked beef, typically served in thin slices. |
| Pepperoni | It is an American variety of spicy salami made from cured meat. |
| Plate | It refers to a forequarter cut from the belly of a cow, just below the rib cut. |
| Porcine reproductive and respiratory syndrome (PRRS) | It is a disease occurring in swine causing late-term reproductive failure and severe pneumonia in neonatal pigs. |
| Primal cuts | It refers to the major sections of the carcass. |
| Quorn | It is a meat substitute product prepared using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
| Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
| Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten |
| Retort Packaging | It is a process of aseptic packaging food in which food is filled into a pouch or metal can, sealed, and then heated to extremely high temperatures, rendering the product commercially sterile. |
| Round Steak | It refers to a beef steak from the the rear leg of the cow. |
| Rump Steak | It refers to a cut of beef derived from the division between the leg and the chine. |
| Salami | It is a cured sausage consisting of fermented and air-dried meat. |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Scallop | It is an edible shellfish that is a mollusk with a ribbed shell in two parts. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Self-service kios | It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service. |
| Sirloin | It is a cut of beef from the bottom and side parts of a cow's back. |
| Surimi | It is a paste made from deboned fish |
| Tenderloin | It refers to a cut of beef consisting of the entire tenderloin muscle of a cow |
| Tiger Shrimp | It refers to a large shrimp variety from the Indian and Pacific oceans |
| Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
| Vannamei shrimp | It refers to tropical prawns and shrimp that are farmed in areas near the equator, generally along the coast in artificial ponds. |
| Wagyu Bee | It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat. |
| Zoosanitary | It refers to the cleanliness of animals or animal product |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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