The ‘Global Sheep Meat Market Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global sheep meat market share, assessing the market on the basis of its segments like nature, product types, offering, distribution channels, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 1.8%
Sheep meat contains decent quantity of protein and Vitamin B-12, along with essential minerals such as potassium. Hence, the increasing inclination of consumers towards healthy foods is driving the demand for the sheep meat market. In addition, the increasing demand for lamb, owing to the superior taste and availability of variety of lamb-based dishes are further propelling the market figures. Moreover, sheep meat helps in preventing anaemia, which is a common disorder among geriatrics and women.
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The rising population, growing disposable income, and increasing enthusiasm to experiment with different meat products are enhancing the demand for sheep meat. Further, the increasing trade between the nations to cope with the increasing demand for the product is further augmenting the sheep meat market. The increasing awareness pertaining to the high shelf life and nutritional benefits of frozen sheep meat is further adding to the market growth.
In terms of regions, the Asia Pacific occupies a significant market share, which is being driven by the meat consuming population across countries like India and China. Mutton-based dishes such as mutton rogan josh, and mutton kabab, among others, are famous in India. Meanwhile, the Middle East and Africa region is likely to witness a healthy growth owing to the changing eating patterns of the population which is bolstering the domestic demand for the product. Hence, in these regions, sheep meat market is anticipated to witness a steady growth in the coming years.
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Sheep Meat Industry Definition and Major Segments
Sheep meat is an umbrella terms which includes lamb, hogget, and mutton. The quality of sheep meat depends upon the muscle content, composition of meat, and nutritional content. It is considered to be a healthy option for non-vegetarians, because of its richness in vitamins, minerals, and polyunsaturated fatty acids.
Based on nature, the market can be bifurcated into:
• Organic
• Conventional
On the basis of product type, the market has been classified into:
• Fresh
• Processed
• Frozen
By offering, the market has been classified into:
• Neck
• Rib
• Shoulder
• Breast
• Foreshank
• Leg
• Others
The market can be broadly categorised based on distribution channel into:
• Direct
• Indirect
On the basis of region, the market can be categorised into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Sheep Meat Market Trends
The key trends in the global sheep meat market include the increasing sale of raw mutton and lamb via online food delivery platforms. These platforms are also propelling the demand for ready-to-cook sheep meat with high shelf life. Meanwhile, the increasing availability of premium packaged lamb or mutton in meat shops is leading to an increase in impulse buying, which is another market bolstering trend.
On the other hand, the easy access to mutton recipes is leading to a greater penetration of sheep meat in household cooking. Nowadays, people are fond of dishes like mutton biryani and are eager to learn its recipe, leading to an increase in the growth of sheep meat market.
The growing advancements in animal science and technology are crucial trends in the market which are boosting the efficiency of slaughter procedures and meat grading. Penetration of technologies such as spectroscopy and image analysis in the slaughter process are bolstering the quality of sheep meat, thereby, attracting more consumers.
The market is also anticipated to be aided by increasing investments in genetic approaches aimed towards improving the nutritional value and quality of animal breeds which will enhance the safety of consumption.
Key Market Players
The major players in the sheep meat market report are:
- Samex Australian Meat Co Pty Ltd.
- Southern Meats Pty Ltd
- Sydra Global
- Irish Country Meats
- Western Meat Exporters Pty Ltd
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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