Global Meat Market Booms to $1.4 Trillion, Led by Brazil
The global meat market is booming, with a projected compound annual growth rate (CAGR) of over 4% from 2024 to 2028. This growth is driven by increasing demand worldwide, with the top ten exporting countries significantly contributing to the stock market today. In 2024, the meat industry's international trade was valued at a staggering $170.15 billion.
Brazil led the pack as the largest meat exporter in 2024, with exports worth $24.54 billion. Other key players in the global meat export scene included the USA, Australia, Netherlands, Spain, Poland, Germany, Canada, New Zealand, and France. These nations play a crucial role in meeting the rising global demand for meat products.
The meat industry's significance in international trade is further underscored by the top 10 meat suppliers in 2024. These included multinational giants such as Cargill, Incorporated, Sysco Corporation, and JBS S.A. Notably, the list also featured prominent players in the meat substitute sector like Beyond Meat and Impossible Foods, reflecting the industry's evolving landscape.
With the global meat market size reaching $1.4 trillion in 2024, the top exports included meat of bovine animals, meat and edible offal of ducks, geese, and turkeys, meat of swine, and meat of sheep or goats. As the stock market continues to expand, the top exporting countries and suppliers will remain integral to the industry's growth and international trade.
