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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 Market Report Snapshots
*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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Key Questions Answered in the Report
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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