World - Sheep And Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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The article provides a detailed analysis of the global sheep and goat meat market, forecasting an increase in consumption trends over the next eight years. Key points include market performance, production levels, import and export statistics, top consuming and producing countries, and trends in prices. China leads in both consumption and production, while Australia and New Zealand dominate exports. Lamb and sheep meat are the main products in both consumption and production, with steady growth in market size and value. Overall, the market is expected to see gradual growth in the immediate future.
Market Forecast
Driven by increasing demand for sheep and goat meat worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 19M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of -3.9% for the period from 2022 to 2030, which is projected to bring the market value to $164.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Sheep And Goat Meat
After ten years of growth, consumption of sheep and goat meat decreased by -1.1% to 16M tons in 2022. The total consumption volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, global consumption hit record highs at 16M tons in 2021, and then contracted slightly in the following year.
The global sheep and goat meat market revenue shrank modestly to $225.7B in 2022, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $226.2B in 2021, and then reduced modestly in the following year.
Consumption By Country
China (5.4M tons) constituted the country with the largest volume of sheep and goat meat consumption, comprising approx. 33% of total volume. Moreover, sheep and goat meat consumption in China exceeded the figures recorded by the second-largest consumer, India (819K tons), sevenfold. Pakistan (753K tons) ranked third in terms of total consumption with a 4.7% share.
From 2012 to 2022, the average annual growth rate of volume in China amounted to +2.6%. In the other countries, the average annual rates were as follows: India (+1.0% per year) and Pakistan (+5.6% per year).
In value terms, China ($52B) led the market, alone. The second position in the ranking was held by Pakistan ($4.9B). It was followed by India.
From 2012 to 2022, the average annual growth rate of value in China stood at +4.3%. In the other countries, the average annual rates were as follows: Pakistan (+7.5% per year) and India (+1.2% per year).
In 2022, the highest levels of sheep and goat meat per capita consumption was registered in Mongolia (86 kg per person), followed by Chad (19 kg per person), Sudan (8.3 kg per person) and Algeria (7.9 kg per person), while the world average per capita consumption of sheep and goat meat was estimated at 2 kg per person.
In Mongolia, sheep and goat meat per capita consumption increased at an average annual rate of +6.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Chad (+2.7% per year) and Sudan (+0.8% per year).
Consumption By Type
The products with the highest volumes of consumption in 2022 were lamb and sheep meat (10M tons) and goat meat (6.4M tons).
From 2012 to 2022, the biggest increases were recorded for lamb and sheep meat (with a CAGR of +2.0%).
In value terms, lamb and sheep meat ($77.1B) and goat meat ($47.5B) appeared to be the products with the highest levels of market value in 2022.
In terms of the main consumed products, lamb and sheep meat, with a CAGR of +3.4%, recorded the highest growth rate of market size over the period under review.
Production
World Production of Sheep And Goat Meat
In 2022, after ten years of growth, there was decline in production of sheep and goat meat, when its volume decreased by -1.2% to 16M tons. The total output volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 2.7% against the previous year. Global production peaked at 16M tons in 2021, and then contracted modestly in the following year. The general positive trend in terms output was largely conditioned by slight growth of the number of producing animals and a relatively flat trend pattern in yield figures.
In value terms, sheep and goat meat production stood at $119.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 24% against the previous year. Global production peaked at $121B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.
Production By Country
China (5M tons) constituted the country with the largest volume of sheep and goat meat production, comprising approx. 31% of total volume. Moreover, sheep and goat meat production in China exceeded the figures recorded by the second-largest producer, India (831K tons), sixfold. The third position in this ranking was taken by Pakistan (757K tons), with a 4.7% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +2.2%. In the other countries, the average annual rates were as follows: India (+1.0% per year) and Pakistan (+5.3% per year).
Production By Type
The products with the highest volumes of production in 2022 were lamb and sheep meat (10M tons) and goat meat (6.4M tons).
From 2012 to 2022, the biggest increases were recorded for lamb and sheep meat (with a CAGR of +1.8%).
In value terms, lamb and sheep meat ($77.1B) and goat meat ($51.7B) appeared to be the products with the highest levels of production in 2022.
In terms of the main produced products, goat meat, with a CAGR of +4.2%, recorded the highest growth rate of market size over the period under review.
Yield
In 2022, the global average sheep and goat meat yield reduced to 15 kg per head, remaining relatively unchanged against 2021. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 1.1% against the previous year. Over the period under review, the average sheep and goat meat yield attained the peak level at 15 kg per head in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure.
Producing Animals
In 2022, global number of animals slaughtered for sheep and goat meat production declined to 1.1B heads, remaining relatively unchanged against 2021. This number increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the number of producing animals increased by 4.6%. Over the period under review, this number hit record highs at 1.1B heads in 2021, and then dropped modestly in the following year.
Imports
World Imports of Sheep And Goat Meat
In 2022, global imports of sheep and goat meat amounted to 1.3M tons, surging by 4.8% on 2021. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of 19% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, sheep and goat meat imports rose sharply to $9.8B in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 21% against the previous year. Over the period under review, global imports hit record highs in 2022 and are likely to see gradual growth in the near future.
Imports By Country
China was the largest importing country with an import of about 358K tons, which amounted to 28% of total imports. The United States (165K tons) ranks second in terms of the total imports with a 13% share, followed by France (9%) and the United Arab Emirates (4.9%). The UK (56K tons), Malaysia (43K tons), Germany (41K tons), the Netherlands (33K tons), Canada (31K tons), South Korea (27K tons), Italy (26K tons), Qatar (24K tons) and Japan (22K tons) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to sheep and goat meat imports into China stood at +11.2%. At the same time, South Korea (+17.8%), Malaysia (+7.7%), the United States (+7.7%), the Netherlands (+6.7%), Canada (+5.9%), the United Arab Emirates (+3.4%), Japan (+2.7%) and Germany (+2.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +17.8% from 2012-2022. France, Italy and Qatar experienced a relatively flat trend pattern. By contrast, the UK (-4.2%) illustrated a downward trend over the same period. While the share of China (+15 p.p.), the United States (+4.6 p.p.) and South Korea (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of France (-2.2 p.p.) and the UK (-4.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest sheep and goat meat importing markets worldwide were China ($2.1B), the United States ($1.6B) and France ($926M), together comprising 47% of global imports. The United Arab Emirates, Germany, the UK, the Netherlands, Malaysia, Canada, South Korea, Japan, Italy and Qatar lagged somewhat behind, together comprising a further 32%.
South Korea, with a CAGR of +25.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Imports By Type
Lamb and sheep meat dominates imports structure, accounting for 1.2M tons, which was near 95% of total imports in 2022. It was distantly followed by goat meat (61K tons), mixing up a 4.8% share of total imports.
Lamb and sheep meat was also the fastest-growing in terms of imports, with a CAGR of +3.1% from 2012 to 2022. Goat meat experienced a relatively flat trend pattern. While the share of lamb and sheep meat (+1.7 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of goat meat (-1.7 p.p.) displayed negative dynamics.
In value terms, lamb and sheep meat ($9.2B) constitutes the largest type of sheep and goat meat imported worldwide, comprising 96% of global imports. The second position in the ranking was taken by goat meat ($403M), with a 4.2% share of global imports.
From 2012 to 2022, the average annual growth rate of the value of lamb and sheep meat imports stood at +5.3%.
Import Prices By Type
In 2022, the average sheep and goat meat import price amounted to $7,658 per ton, surging by 6.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2021 when the average import price increased by 14%. Global import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major imported products. In 2022, the product with the highest price was lamb and sheep meat ($7,600 per ton), while the price for goat meat amounted to $6,611 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by goat meat (+3.0%).
Import Prices By Country
The average sheep and goat meat import price stood at $7,658 per ton in 2022, rising by 6.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($11,705 per ton), while China ($5,802 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.6%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Sheep And Goat Meat
In 2022, global sheep and goat meat exports amounted to 1.3M tons, growing by 4% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 14% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, sheep and goat meat exports expanded modestly to $9.5B in 2022. In general, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 24%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.
Exports By Country
Australia (481K tons) and New Zealand (375K tons) represented roughly 66% of total exports in 2022. It was distantly followed by the UK (75K tons), achieving a 5.8% share of total exports. The following exporters - Ireland (57K tons), France (56K tons), Spain (49K tons) and the Netherlands (34K tons) - together made up 15% of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by France (with a CAGR of +18.7%), while the other global leaders experienced more modest paces of growth.
In value terms, the largest sheep and goat meat supplying countries worldwide were Australia ($3.4B), New Zealand ($2.8B) and the UK ($609M), together accounting for 71% of global exports. Ireland, France, the Netherlands and Spain lagged somewhat behind, together accounting for a further 17%.
France, with a CAGR of +19.9%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Exports By Type
Lamb and sheep meat dominates exports structure, resulting at 1.2M tons, which was approx. 95% of total exports in 2022. It was distantly followed by goat meat (60K tons), constituting a 4.6% share of total exports.
Lamb and sheep meat was also the fastest-growing in terms of exports, with a CAGR of +1.5% from 2012 to 2022. Goat meat experienced a relatively flat trend pattern. The shares of the largest types remained relatively stable throughout the analyzed period.
In value terms, lamb and sheep meat ($9.1B) remains the largest type of sheep and goat meat supplied worldwide, comprising 96% of global exports. The second position in the ranking was held by goat meat ($417M), with a 4.4% share of global exports.
For lamb and sheep meat, exports increased at an average annual rate of +5.1% over the period from 2012-2022.
Export Prices By Type
In 2022, the average sheep and goat meat export price amounted to $7,293 per ton, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2021 when the average export price increased by 19% against the previous year. As a result, the export price reached the peak level of $7,340 per ton, leveling off in the following year.
Average prices varied noticeably amongst the major exported products. In 2022, the product with the highest price was lamb and sheep meat ($7,373 per ton), while the average price for exports of goat meat totaled $6,914 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by lamb and sheep meat (+3.5%).
Export Prices By Country
In 2022, the average sheep and goat meat export price amounted to $7,293 per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 19%. As a result, the export price reached the peak level of $7,340 per ton, leveling off in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($11,428 per ton), while Spain ($6,507 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for sheep and goat meat. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1017 - Goat meat
- FCL 977 - Meat of sheep
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- PRODUCING ANIMALS AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Producing Animals, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Producing Animals, By Country, 2023
- Producing Animals, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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Global goat meat consumption amounted to X thousand tons in 2015, leveling off at the previous year level.
Global goat meat market production was estimated at X thousand tons in 2015, which was X thousand tons more than in 2014. There was an annual increase of +X% in physical terms and +X% in value terms for the period from 2007 to 2015. In v
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The global goat meat market had total revenues of X million USD in 2015, representing a compound annual growth rate (CAGR) of +X% from 2007 to 2015. In physical terms, the market showed an increase of +X% over the period under review. Finall
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Australia dominates in the global goat meat trade. In 2014, Australia exported X thousand tons of goat meat totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total goat meat
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Global lamb and sheep meat consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.