Edible Meat Market Size

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).

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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

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

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

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

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

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

Increased investment in the meat sector drives market growth

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.