South Africa Red Meat Market Size & Outlook, 2024-2030
The red meat market in South Africa is expected to reach a projected revenue of US$ 14.8 million by 2030. A compound annual growth rate of 5% is expected of South Africa red meat market from 2025 to 2030.
Revenue, 2024 (US$M)
$11.1
Forecast, 2030 (US$M)
$14.8
CAGR, 2025 - 2030
4.9%
Report Coverage
South Africa
South Africa red meat market, 2018-2030 (US$M)
Related Markets
South Africa red meat market highlights
- The South Africa red meat market generated a revenue of USD 16,033.1 million in 2023 and is expected to reach USD 21,105.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, pig 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.
Red meat market data book summary
| Market revenue in 2023 | USD 16,033.1 million |
| Market revenue in 2030 | USD 21,105.2 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Pig |
| Fastest growing segment | Others (Veal, and Vension) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 1.8% of the global red meat market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa red meat market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 21,105.2 million by 2030.
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Red Meat Market Scope
Red meat market segmentation & scope
Red Meat Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa red meat market size, by type, 2018-2030 (US$M)
South Africa Red Meat Market Outlook Share, 2024 & 2030 (US$M)
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