25 Countries That Eat The Most Meat Per Capita Heading Into 2024

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In this article, we will take a detailed look at 25 Countries That Eat The Most Meat Per Capita Heading Into 2024. For a quick overview of countries eating the most meat per capita, read our article 10 Countries That Eat The Most Meat Per Capita Heading Into 2024.

The global meat market generated $1378 billion in revenue in 2023. China sits at the top of the global meat revenue table, with a staggering $260 billion generated in 2023. Moreover, global meat production hit 364 million tonnes in 2023, driven mainly by increased poultry meat demand. This surge stems from the food service sector's growing appetite and the affordability of poultry compared to other meats, even amidst avian flu outbreaks and high feed prices.

Regionally, Asia spearheaded the global meat production surge. China's booming pig meat output primarily drove this, although South America contributed significantly, particularly with Brazil's increased bovine meat production. While other regions experienced some production increases, these were partially offset by a decline in Europe, specifically in the European Union's pig meat production.

Among popular meat forms like beef, veal, pork, and poultry, beef reigns supreme. For 2024, beef production is expected to hit a new high of 25.81 billion pounds, driven by an anticipated increase in fed cattle marketing (i.e. number of finished cattle (fed cattle) that will be sent to slaughter and processed for meat production).

Global Meat Industry

The global meat industry reached an impressive $1.4 trillion in 2022 and is projected to continue its upward trajectory, reaching $1.6 trillion by 2028 at a CAGR of 2.3% from 2023 to 2028. A major key player in the meat industry is Tyson Foods Inc (NYSE:TSN), the American powerhouse with a market cap of $17.82 billion. Tyson Foods Inc (NYSE:TSN) reported challenges in Q4 2023 with lower chicken and pork prices and reduced demand for beef, leading to an operating income loss of $463 million. Tyson Foods Inc (NYSE:TSN) expects further headwinds in fiscal 2024, with a projected decline in domestic beef production and an anticipated adjusted operating income loss.

In another vein, moving towards the future of food, meat giant Tyson Foods Inc (NYSE:TSN) has invested in Jerusalem-based startup Future Meat Technologies, which aims to disrupt the meat industry with its animal-free approach. Believing in the potential to make slaughter-free beef and chicken accessible to everyone, Future Meat Technologies is focused on reducing the typically high costs associated with cellular agriculture technology, making their products more widely available. This investment by Tyson Foods Inc (NYSE:TSN) marks a significant shift in the meat industry, highlighting the growing interest in sustainable and ethical food alternatives.