Canada Red Meat Market Size & Outlook, 2025-2030

The red meat market in Canada is expected to reach a projected revenue of US$ 20,035.8 million by 2030. A compound annual growth rate of 7.3% is expected of Canada red meat market from 2025 to 2030.
Revenue, 2024 (US$M)
$13,248.1
Forecast, 2030 (US$M)
$20,035.8
CAGR, 2025 - 2030
7.3%
Report Coverage
Canada

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Canada red meat market, 2018-2030 (US$M)

Canada red meat market, 2018-2030 (US$M)

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Canada red meat market highlights

  • The Canada red meat market generated a revenue of USD 13,248.1 million in 2024 and is expected to reach USD 20,035.8 million by 2030.
  • The Canada market is expected to grow at a CAGR of 7.3% from 2025 to 2030.
  • In terms of segment, beef was the largest revenue generating type in 2024.
  • Sheep & Goat is the most lucrative type segment registering the fastest growth during the forecast period.

Red meat market data book summary

Market revenue in 2024USD 13,248.1 million
Market revenue in 2030USD 20,035.8 million
Growth rate7.3% (CAGR from 2025 to 2030)
Largest segmentBeef
Fastest growing segmentSheep & Goat
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBeef, Pig, Sheep & Goat, Others (Veal, and Vension)
Key market players worldwideHormel Foods Corp, JBS Foods Canada, Tyson Foods Inc Class A, The Kraft Heinz Co, Cargill, Conagra Foodservice, BRF SA ADR, OSI Group, Sysco Corp, Irish Country Meats

Other key industry trends

  • In terms of revenue, Canada accounted for 1.5% of the global red meat market in 2024.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. red meat market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 20,035.8 million by 2030.

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Red Meat Market Companies

Name Profile # Employees HQ Website
Irish Country Meats View profile 51-100 Ireland, Indiana, United States, North America https://irishcountrymeats.com
OSI Group View profile 51-100 Montréal, Quebec, Canada, North America https://www.opto.com
JBS Foods Canada View profile 1001-5000 Greeley, Colorado, United States, North America https://jbsfoodcanada.ca
Conagra Foodservice View profile 1001-5000 Chicago, Illinois, United States, North America https://www.conagrafoodservice.com
Sysco Corp View profile 72000 1390 Enclave Parkway, Houston, TX, United States, 77077-2099 https://www.sysco.com
Hormel Foods Corp View profile 20000 1 Hormel Place, Austin, MN, United States, 55912-3680 https://www.hormelfoods.com
BRF SA ADR View profile 96667 Avenida das Nacoes Unidas, 8501 – 1st Floor, Pinheiros, Sao Paulo, SP, Brazil, 05425-070 https://www.brf-global.com
The Kraft Heinz Co View profile 36000 One PPG Place, Pittsburgh, PA, United States, 15222 https://www.kraftheinzcompany.com
Tyson Foods Inc Class A View profile 139000 2200 West Don Tyson Parkway, Springdale, AR, United States, 72762-6999 https://www.tysonfoods.com
Cargill View profile 10001+ Minneapolis, Minnesota, United States, North America http://www.cargill.com

Canada red meat market size, by type, 2018-2030 (US$M)

Canada Red Meat Market Outlook Share, 2024 & 2030 (US$M)

Canada red meat market size, by type, 2018-2030 (US$M)

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