Fresh Meat - Azerbaijan

Azerbaijan

Revenue in the Fresh Meat market amounts to €1,280.00m in 2024. The market is expected to grow annually by 7.18% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€240bn in 2024).
In relation to total population figures, per person revenues of €122.40 are generated in 2024.
In the Fresh Meat market, volume is expected to amount to 205.40m kg by 2029. The Fresh Meat market is expected to show a volume growth of 4.0% in 2025.
The average volume per person in the Fresh Meat market is expected to amount to 16.9kg in 2024.

Key regions: South Korea, Russia, Canada, Philippines, China

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Fresh Meat market in Azerbaijan is experiencing minimal growth, impacted by factors such as increasing adoption of online meat delivery services, rising health consciousness among consumers, and the convenience of purchasing through digital platforms. However, the sub-markets of Beef & Veal, Pork, Poultry, Mutton & Goat, and Other Fresh Meat may have varying growth rates due to demand and supply dynamics within the country.

Customer preferences: The Fresh Meat Market within the Meat Market of The Food market in Azerbaijan is witnessing a growing demand for ethically-sourced and organic meat products. This trend is driven by the increasing awareness among consumers about the importance of sustainable and humane farming practices. Furthermore, the rising health consciousness and preference for natural and chemical-free food products are also contributing to the shift towards organic meat options.

Trends in the market: In Azerbaijan, the Fresh Meat Market of the Meat Market within The Food market is experiencing a shift towards more sustainable and ethical practices. This trend is driven by consumer demand for transparency and animal welfare, as well as government regulations promoting sustainable practices. As a result, there is a growing number of small-scale, locally sourced meat producers entering the market. This trajectory is significant as it promotes a more sustainable and socially responsible meat industry. However, it may also pose challenges for larger, conventional meat producers who may struggle to adapt to these changes. Industry stakeholders should closely monitor these trends and consider incorporating sustainable practices to remain competitive in the market.

Local special circumstances: In Azerbaijan, the Fresh Meat market is heavily influenced by the country's rich agricultural sector and strong meat consumption culture. With a large portion of the population practicing Islam, there is a high demand for halal meat, which has led to the establishment of specialized halal butcher shops. Additionally, the government has implemented strict regulations on imported meat, promoting the domestic production and consumption of local meat. This has created a unique market dynamic, with a strong emphasis on locally-sourced meat and a preference for traditional meat cuts and preparations.

Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in Azerbaijan is heavily influenced by macroeconomic factors such as economic stability, government policies, and consumer spending patterns. The country's economic growth and stability play a significant role in determining the demand for fresh meat products. Additionally, fiscal policies, such as taxes and subsidies, can greatly impact the cost of production and ultimately affect market prices. Furthermore, consumer preferences and purchasing power are also essential factors that influence market performance. As the country continues to develop and improve its economic health, the Fresh Meat Market is expected to experience steady growth.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.