Meat - Paraguay

Paraguay

Revenue in the Meat market amounts to €1,586.00m in 2024. The market is expected to grow annually by 8.76% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€251bn in 2024).
In relation to total population figures, per person revenues of €228.90 are generated in 2024.
In the Meat market, volume is expected to amount to 334.10m kg by 2029. The Meat market is expected to show a volume growth of 6.0% in 2025.
The average volume per person in the Meat market is expected to amount to 38.5kg in 2024.

Key regions: Russia, China, Spain, Canada, United Kingdom

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Analyst Opinion

The meat market in Paraguay is facing subdued growth due to various factors such as changing consumer preferences towards healthier options, increasing competition from processed and meat substitute products, and strict regulations on meat production. However, the overall food market in Paraguay is expected to drive growth in the meat market, with rising disposable incomes and increasing demand for protein-rich diets. This is further fueled by the convenience offered by online meat sales and the growing awareness of the benefits of digital technologies in the food industry.

Customer preferences: Consumers in Paraguay are becoming more health-conscious, leading to a rise in demand for organic and sustainable meat options. This trend is driven by a growing awareness of the impact of meat consumption on both personal health and the environment. Additionally, the increasing influence of Western diets and the rise of vegetarian and vegan lifestyles have also contributed to a shift towards alternative meat products. This has resulted in a diversification of the meat market, with options such as plant-based meats and grass-fed meats becoming more popular among consumers.

Trends in the market: In Paraguay, the Meat Market within The Food market is experiencing a shift towards sustainable and ethical practices. There is a growing demand for locally sourced, organic and free-range meat products, driven by consumer awareness of environmental and animal welfare concerns. This trend is expected to continue as consumers prioritize quality and transparency in their food choices. For industry stakeholders, this presents an opportunity to differentiate their products and tap into the growing market for ethical and sustainable meat. However, it also poses challenges for traditional meat producers who may need to adjust their practices to meet changing consumer preferences.

Local special circumstances: In Paraguay, the Meat Market within The Food market is heavily influenced by the country's rich tradition of cattle ranching and production. The country's vast grasslands and favorable climate provide an ideal environment for raising livestock, leading to a high-quality meat supply. Additionally, Paraguay's strong cultural preference for beef consumption has driven the growth of the Meat Market, with locals consuming an average of 50kg of beef per year. This demand for beef has also been supported by the government's efforts to promote the country's beef exports, resulting in a thriving Meat Market within The Food market in Paraguay.

Underlying macroeconomic factors: The Meat Market within The Food market in Paraguay is influenced by macroeconomic factors such as changing global consumption patterns, national economic growth, and government policies on trade and agriculture. With increasing globalization and rising incomes, the demand for meat products has been steadily increasing, driving market growth in Paraguay. Furthermore, the country's stable economic growth and supportive policies for agricultural development have led to a competitive and efficient meat production sector, attracting investments and promoting exports. However, challenges such as fluctuating commodity prices and climate change can impact the market's performance in the long term.

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.