Global Sheep Meat Market Growth Analysis - Forecast Trends and Outlook (2024-2032)

Global Sheep Meat Market Outlook

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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Rising Demand from Various Countries to Aid the Market Growth of Sheep Meat

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 Industry Segmentation

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:

• Organic
• Conventional

By product type, the industry is segmented into:

• Fresh
• Frozen
• Processed

Based on offering, the industry can be categorised into:

• Neck
• Shoulder
• Rib
• Breast
• Leg
• Foreshank
• Others

On the basis of distribution channel, the industry is bifurcated into:

• Direct
• Indirect

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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Rising Population of Health-Conscious Consumers to Aid the Market Growth of Sheep Meat

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.

Key Industry Players in the Global Sheep meat Market

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:

• Samex Australian Meat Co Pty Ltd.
• Southern Meats Pty Ltd
• Sydra Global
• Irish Country Meats
• Western Meat Exporters Pty Ltd
• Others

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.

Key Highlights of the Report

Sheep Meat Market Report Snapshots

Sheep Meat Market Size

Sheep Meat Market Growth

Sheep Meat Companies