Global Edible Meat Market Size, Share, and COVID-19 Impact Analysis, By Type (Beef, Mutton, Pork, Poultry), By Form (Canned, Fresh, Chilled/Frozen, Processed), By Distribution Channel (Off-Trade, On-Trade), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Global Edible Meat Market Insights Forecasts to 2033

• The Global Edible Meat Market Size was estimated at USD 1.23 Trillion in 2023
• The Market Size is Expected to Grow at a CAGR of around 1.52% from 2023 to 2033
• The Worldwide Edible Meat Market Size is Expected to Reach USD 1.43 Trillion by 2033
• Asia Pacific is expected to grow the fastest during the forecast period.

The Global Edible Meat Market Size was worth around USD 1.23 Trillion in 2023 and is predicted to Grow to around USD 1.43 Trillion by 2033 with a compound annual growth rate (CAGR) of 1.52% between 2023 and 2033. The market for edible meat is fueled by increasing global demand for protein, processing and packaging improvements, growing health awareness, and technologies such as lab-grown and plant-based meats. Economic development, cultural trends, convenience, and ethical considerations such as sustainability and animal well-being also drive market growth and consumer choices.

Market Overview

The edible meat market deals with the manufacture and sale of edible meat that is safe and fit for human consumption. The market involves different products made from meat that comes from animals like cattle, pigs, poultry, and other domestic animals that are processed and sold in different forms such as fresh meat, frozen meat, and packed meat. The increase in plant-based diets and other protein sources such as insects, algae, and cultured meat is gradually transforming the meat market. These alternatives provide solutions to environmental and ethical issues while meeting evolving consumer demands. Additionally, technological advancements in meat production processes are transforming the edible meat market industry, allowing for increased efficiency and quality in meat processing. The application of new technologies like automation and biotechnology is increasing the efficiency of meat plants and lowering waste. The development of new breeding techniques and genetic technologies is also resulting in healthier animals, which is imperative for the increasing demand for meat. These technologies ensure that the industry can supply growing consumption requirements as well as address sustainability programs.

Report Coverage

This research report categorizes the edible meat market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the edible meat market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the edible meat market.

Driving Factors

Meat is a fundamental part of the cuisine in most cultures, and eating habits tend to be culturally entrenched. In areas where meat is the focal point of the diet, demand is high, hence fueling the edible meat market. With increased migration to urban centers, lifestyle dictates greater consumption of convenience foods, some of which are processed meats such as sausages, hot dogs, and pre-cooked meals. Cities also enjoy greater availability of varied meat sources, which stimulates demand. In addition, new meat production methods, including lab or cultured meat, and plant-based meat alternatives like Beyond Meat and Impossible Foods, are transforming the market. These developments respond to increasing consumer interest in sustainability and animal welfare issues while providing new protein sources.

Restraining Factors

Growing concern for the health hazards posed by heavy meat intake and environmental degradation caused by livestock rearing is pressurizing consumers towards consuming less meat or opting for alternatives in terms of plant products or cultured ones hindering demand for edible meat. Additionally, feed, energy, and labor costs in producing meat are increasing. This tends to lower profitability, especially in the case of smaller-scale producers. In addition, meat prices may vary depending on supply chain problems worldwide, outbreaks of diseases, or variations in edible meat market demand.

Market Segmentation

The edible meat market share is classified into type, form, and distribution channel.

• The poultry segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the type, the edible meat market is divided into beef, mutton, pork, and poultry. Among these, the poultry segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to poultry being consumed globally because of its affordability, versatility, and relatively lower price than other meats such as beef and mutton. Chicken and other poultry foods are usually perceived to be healthier because of lower fat content and greater protein content than red meats such as beef or pork. With more health-conscious consumers, poultry continues to be a favorite.

• The fresh segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the form, the edible meat market is divided into canned, fresh, chilled/frozen, and processed. Among these, the fresh segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is due to fresh meat, such as beef, chicken, pork, and lamb, which tends to be preferred by customers since it has better taste and texture than processed or frozen. This trend towards fresh meat exists in most geographies, particularly in advanced economies where high-quality and fresh produce is demanded.

• The off-trade segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the distribution channel, the edible meat market is divided into off-trade and on-trade. Among these, the off-trade segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is driven by meat being available across a wide range of stores in supermarkets, local retailers, and butcher shops, which enables consumers to obtain it with relative ease. Consumers are more price-sensitive when they buy meat for home consumption. Off-trade is the channel where they can shop around based on prices between retailers and brands, and many supermarket retailers have offers, promotions, and loyalty schemes that appeal to price-conscious shoppers.

Regional Segment Analysis of the Edible Meat Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the edible meat market over the predicted timeframe.

North America is anticipated to hold the largest share of the edible meat market over the predicted timeframe. The United States and Canada have the greatest proportion of the market for edible meat, based largely on the fact that per capita consumption of meat is high, especially beef, poultry, and pork. Meat forms the core of the diet in the U.S., and the nation also dominates the production of meat, thus becoming a strong player in the international market.

Asia Pacific is expected to grow at a rapid CAGR in the edible meat market during the forecast period. China, India, and Southeast Asia are propelling the fastest growth in the edible meat market. The rising middle class, urbanization, and growing disposable income in these countries are fueling increased meat consumption. As Asians move away from vegetarian or plant-based diets to more protein-based meat diets, the demand growth is accelerating. With China being the biggest consumer and producer of meat in the world, the market in this region is expanding at a fast pace.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the edible meat market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Hormel Foods
• Cargill
• Smithfield Foods
• Sanderson Farms
• Pilgrim's Pride
• JBS S.A.
• Moy Park
• Cloverdale Foods
• Maple Leaf Foods
• BRF S.A.
• Tyson Foods
• Danone
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In March 2024, At Expo West, Vermont Smoke & Cure launched four new meat snack items: Hickory Smoked Premium Beef Sticks, Oven Roasted Seasoned Turkey Sticks, Hickory Smoked Hot & Spicy Turkey Sticks, and a Customer Favorites Variety Pack. The products feature meat that has no antibiotics, added hormones, or artificial ingredients.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the edible meat market based on the below-mentioned segments: 

Global Edible Meat Market, By Type

• Beef
• Mutton
• Pork
• Poultry

Global Edible Meat Market, By Form

• Canned
• Fresh
• Chilled/Frozen
• Processed

Global Edible Meat Market, By Distribution Channel

• Off-Trade
• On-Trade

Global Edible Meat Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa