Latin America Red Meat Market Size & Outlook, 2025-2030
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Latin America red meat market highlights
- The Latin America red meat market generated a revenue of USD 106,828.2 million in 2024.
- The market is expected to grow at a CAGR of 5.5% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 106,828.2 million |
| Market revenue in 2030 | USD 146,223.8 million |
| Growth rate | 5.5% (CAGR from 2025 to 2030) |
| Largest segment | Beef |
| Fastest growing segment | Sheep & Goat |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Beef, Pig, Sheep & Goat, Others (Veal, and Vension) |
| Key market players worldwide | Hormel 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, Latin America region accounted for 12.1% of the global red meat market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 276,737.6 million by 2030.
Beef was the largest segment with a revenue share of 55.5% in 2024. Horizon Databook has segmented the Latin America red meat market based on beef, pig, sheep & goat, others (veal, and vension) covering the revenue growth of each sub-segment from 2018 to 2030.
Leading meat companies across the region are investing heavily in expanding their production facilities, slaughterhouses, and processing plants to increase their production capacity and meet growing domestic and international demand.
They are upgrading their facilities with state-of-the-art equipment and technologies to improve efficiency, productivity, and food safety standards. JBS S.A. announced that it recommenced beef processing operations in Diamantino, Mato Grosso in November 2023, with plans to transform it into the largest beef plant in Latin America.
JBS announced its plan to invest USD 62 million into the project during the initial stages. The company expects to finalize the expansion by 2024. As part of the expansion initiative, new facilities such as a freezing tunnel, increased packaging space for vacuum-sealed products, and a dedicated area for future line installations aimed at producing portioned beef cuts will be incorporated.
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Red Meat Market Scope
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 |
Latin America red meat market size, by country, 2018-2030 (US$M)
Latin America Red Meat Market Outlook Share, 2024 & 2030 (US$M)
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