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Historical Year
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The global sheep meat market attained a production volume of 16,478.32 CWE tons in 2023. The market is further expected to grow at a CAGR of 1.6% in the forecast period of 2024-2032 to attain a production volume of 19,006.18 CWE tons by 2032.
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The sheep meat industry is being supported by many countries like China, India, Iran, and Australia, which have the largest number of flocks, and offer both mutton and wool for exports. The market for sheep meat is on the rise as there is high consumption of sheep meat in several countries like Australia, Greece, and the Arab states of the Persian Gulf, among others. Further, the developing countries within regions like Asia and Africa hold the major production capacity owing to enhanced pasture conditions. These regions are also significantly contributing towards food innovation to meet the rising consumer demands. The sheep meat industry in Australia is enhanced by the strong, diverse, and expanding demand base, which is expected to aid the market growth over the forecast period.
Sheep meat is the meat extracted from sheep, which were one of the first animals to be domesticated. They offer an abundant supply of wool, milk, skin, and meat. The sheep meat is called lamb meat until the sheep’s first birthday. The lamb meat is more tender than that of sheep as they feed on their mother’s milk. The sheep meat offers a rich source of vitamins and minerals and has a higher fat content than beef.
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On the basis of nature, the market is divided into:
By product type, the industry is segmented into:
Based on offering, the industry can be categorised into:
On the basis of distribution channel, the industry is bifurcated into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The market for sheep meat is driven by the rising population of health-conscious consumers globally. Sheep meat is a rich source of high-quality protein and fat content, which are in high demand by the consumers in Europe and parts of Asia and Africa. Further, the market is expected to find impetus due to the rising demand for ready-to-cook and ready-to-eat food products from the millennial population worldwide. Also, the growing incorporation of healthy food items into the daily diets is invigorating the market growth.
The report gives a detailed analysis of the following key players in the global sheep meat market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Nature |
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Breakup by Product Type |
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Breakup by Offering |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market attained a value of nearly 16,478.32 CWE tons.
The market is projected to grow at a CAGR of 1.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 19,006.18 CWE tons by 2032.
The major market drivers are rising disposable incomes, increasing population, growing demand for sheep meat in developing regions, and rising demand for ready-to-cook and ready-to-eat food products.
The key trends supporting the market development include the growing health consciousness among consumers, increasing food innovations, and extensive consumption of sheep meat in countries like Australia.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading nature segments in the market are organic and conventional.
The major product types of sheep meat in the market are fresh, frozen, and processed.
The significant offerings of sheep meat in the market are neck, shoulder, rib, breast, leg, and foreshank, among others.
The leading distribution channels in the market are direct and indirect.
The major players in the market are Samex Australian Meat Co Pty Ltd., Southern Meats Pty Ltd, Sydra Global, Irish Country Meats, and Western Meat Exporters Pty Ltd, among others.
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