Chile Meat Market Report and Forecast 2024-2032

Chile Meat Market Outlook

The Chile meat market size is projected to grow at a CAGR of 5.40% between 2024 and 2032.

Key Takeaways

• As per industry reports, the meat consumption in Chile has been growing, with pork being the second most consumed meat in the country.

• The consumption of pork per capita is expected to reach an estimated 22 kg by 2028, making it the second highest consumed meat in Chile after poultry, which is expected to reach around 39 kg by 2028.

• In 2021, Brazil was the main exporter of pig meat to Chile, representing 39% of total imports, followed by the US (26%), Germany (21%) and Spain (4%).

The meat market in Chile is experiencing expansion due to the increasing demand for protein-rich foods and increasing demand for plant-based meat alternatives, driven by the growth of food-tech startups and campaigns promoting veganism and plant-based protein. Moreover, the rising incidences of lifestyle diseases spur demand for meat products that are low in fats and free from trans-fats and affluent Chilean consumers will drive the demand for such premium meat products.

The market is also witnessing the emergence of new segments like duck and camel meat, which are experiencing a growth in demand driven by changing consumer preferences and increasing gastronomic popularity globally.

The Chile meat market growth is also being influenced by international trade agreements and partnerships. For example, the Mongolia-China-Russia Economic Corridor, which includes the International Road Transport along the Asian Highway Network, has made it easier for Mongolian exports to enter Kazakhstan, potentially opening new opportunities for the Chile meat market.

A significant shift is taking place in the Chilean meat market towards efficient and environmentally friendly byproduct processing. Industry players are recognising the value in previously discarded or underutilised parts of slaughtered animals, aiming for sustainable and resource-efficient utilisation.

Chicken holds a dominating Chile meat market share due to a high consumption rate and production volume. The demand for chicken is driven by its affordability, versatility, and lean protein content, making it a popular choice among consumers. As per industry reports, the total volume of chicken exported by Chile in 2023 is expected to reach 109,000 tons, a 31% increase from 2022. In the case of turkey, more than 16,000 tons will be exported in 2023, reaching 76 billion USD. Pork is another significant segment in the Chilean meat market, with a steady demand and production level.

Market Segmentation

Chile Meat Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Raw

• Processed

Market Breakup by Product

• Chicken

• Pork

• Beef

• Mutton

• Others

Market Breakup by Distribution Channel

• Hypermarkets/Supermarkets

• Speciality Stores

• Online Channels

• Others

Competitive Landscape

Market players are focused on enhancing production efficiency, ensuring compliance with quality and safety standards, and expanding their product portfolios.

• Camino La Estrella

• Coexca SA 

• Frigorifico Comafri

• MaxAgro

• Para Sopraval SpA 

• Others

Key Highlights of the Report