Costa Rica Meat Market Report and Forecast 2024-2032

Costa Rica Meat Market Outlook

The Costa Rica meat market size is projected to grow at a CAGR of 6.90% between 2024 and 2032.

Key Takeaways

• Costa Rica's meat consumption has been on an upward trend, with the market expected to grow annually by 6.01% from 2024 to 2028.

• Costa Rica's beef consumption is expected to remain at 63,000 metric tons in 2021, with production estimated to reach 87,680 metric tons in 2026, up 0.3% year on year.

• As per industry reports, the country ranked 77th globally in beef production in 2021, with Finland overtaking it at 86,370 metric tons.

• Costa Rica has been ranked 27th within the group of 165 countries in terms of poultry meat consumption per capita.

The demand for lean meats, such as chicken has grown substantially in recent years, with consumers preferring beef with little or no fat. The frequency of beef consumption is high, with more than half of the homes consuming it 2 to 5 times per week. The market is highly competitive, with most meat purchases still made in butcher shops, despite the progress achieved by supermarkets in marketing foodstuffs.

The Costa Rica meat market growth can be ascribed to the country's growing meat and poultry market, which increased in value in 2022. Secondly, the average yield of pork in Costa Rica has also increased, contributing to the growth of the pork market. Thirdly, the number of animals slaughtered for pork production has shown a steady increase over the years, indicating a positive trend in pork production. Furthermore, the country's pork exports have grown significantly, with Honduras, Panama, and Guatemala being the main destinations for Costa Rican pork exports.

Chicken is a staple protein source in Costa Rica, and is used in a wide variety of dishes, from traditional casados (a typical Costa Rican meal consisting of rice, beans, and meat) to fast food options like chicken sandwiches and nuggets. Major chicken producers in Costa Rica include Cargill, Pepsico, and Perdue Farms.

Beef has a growing Costa Rica meat market share as it is a high-protein meat that is popular in Costa Rica, and is used in a variety of dishes, including carne asada (grilled beef), olla de carne (a traditional soup made with beef and vegetables), and bistec a la plancha (grilled steak). Major beef producers in Costa Rica include Cargill, JBS, and National Beef Packing Company.

Market Segmentation

Costa Rica 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 understanding consumer preferences, consumption habits, and providing premium quality of meat products to stay ahead in the competition.

• Centro Internacional de Inversiones CII S.A.

• Cargill, Incorporated

• Gico

• Hacienda Sur

• Others

Key Highlights of the Report