Middle East & Africa Red Meat Market Size & Outlook
Middle East & Africa red meat market, 2018-2030 (US$M)
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MEA red meat market highlights
- The MEA red meat market generated a revenue of USD 51,292.1 million in 2023.
- The market is expected to grow at a CAGR of 3.7% from 2024 to 2030.
- In terms of segment, beef was the largest revenue generating type in 2023.
- Others (Veal, and Vension) is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 51,292.1 million |
| Market revenue in 2030 | USD 66,160.7 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Beef |
| Fastest growing segment | Others (Veal, and Vension) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Beef, Pig, Sheep & Goat, Others (Veal, and Vension) |
| Key market players worldwide | Hormel Foods Corp, JBS Foods Canada, Tyson Foods Inc Class A, The Kraft Heinz Co, Cargill, Conagra Foodservice, BRF SA ADR, OSI Group, Sysco Corp, Irish Country Meats |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.7% of the global red meat market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 372,660.0 million by 2030.
Key Regions: U.S. , Japan , Brazil , South Africa , Canada
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Red Meat Market Scope
Red Meat Market Companies
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MEA red meat market size, by country, 2018-2030 (US$M)
Middle East & Africa Red Meat Market Outlook Share, 2024 & 2030 (US$M)
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