Processed Meat, Seafood and Alternatives to Meat

With the rapidly rising cost of living leading Hungarians to rein in food spending, overall retail volume sales of processed meat, seafood and alternatives to meat are set to decline in 2024. However, the contraction is relatively modest, as many…

In 2024, the processed meat category is experiencing a moderate decline in sales, a trend largely attributed to economic uncertainty and a decrease in purchasing power among Azerbaijani consumers. Although processed meat products hold a significant…

The retail market for processed meat, seafood and alternatives to meat set to witness healthy growth in both current value and volume terms in 2024, continuing the pattern seen in the previous year. This positive performance is largely due to a…

Meat has long been a staple in the local diet in New Zealand, with consumers placing significant value on local production. As the cost of living continued to rise, along with unit prices, many consumers turned to more affordable alternatives, opting…

A plant-based trend is fast gaining traction in processed meat, seafood and alternatives to meat in Denmark. Amid overall slight category retail volume and strong current value growth over 2024, meat and seafood substitutes continued to see by far…

Processed meat, seafood, and meat alternatives in Egypt witnessed strong decline in retail volume sales over 2024, as current value growth stayed in the high double-digits. Retail prices in this category rose by more than 40% in Q1 2024 alone driven…

Despite ongoing inflationary pressures, the market for processed meat, seafood and alternatives to meat is poised for an improved performance in retail volume terms in 2024. The return to normal working patterns post COVID-19 has driven demand for…

Despite lower inflation in 2024, average retail prices of processed meat, seafood and meat alternatives increased in Romania. Consumers switched to cheaper options and looked for promotions offered by major international retail chains. Romania is a…

Growing demand for natural processed meat products that emphasise high-quality ingredients is transforming the processed meat category in Poland. Consumers are becoming more health-conscious with products marketed as having no artificial…

Processed meat, seafood and alternatives to meat in the Czech Republic is affected by legislative changes, such as the introduction of a reduced rate of VAT for groceries. A lower rate of VAT covered all the categories within processed meat, seafood…

Processed meat, seafood and alternatives to meat is managing to creep back into sub-decimal volume growth in 2024, which is attributed to strong manufacturer activities focussed on new product developments. For example, as seen with Beyond Meat, the…

The processed meat, seafood, and alternatives landscape is experiencing continued stabilisation after the surge and subsequent correction that followed the pandemic. For 2024, growth is expected to revert to pre-pandemic patterns, characterised by…

The impact of inflation has been notable across various product areas, especially in processed meat and processed poultry, both experienced a decline in retail volume while still achieving healthy growth in current value terms. In contrast, the…

In 2024, declining purchasing power is prompting consumers to shop less frequently and purchase smaller quantities to manage their budgets better. This led to a greater focus on essential products. While consumers were not abandoning key categories…

In 2024, processed meat, seafood, and alternatives to meat saw retail value sales grow by 5% in current terms, while retail volume growth was positive at 3%. Although the category of processed poultry—shelf-stable, chilled, and frozen—remains small,…

Processed meat, seafood and alternatives to meat is expected to see modest current value growth in Ireland in 2024. In 2023, processed meat, seafood and alternatives to meat recorded another year of strong price increases, which led overall retail…

Local player Wanted Vegan has launched a range unique innovations within meat and seafood substitutes including plant-based shrimps, fish sticks and kebabs. These new launches have seen the company become one of the largest producers of meat and…

High inflation continues to shape the performance of processed meat, seafood, and meat alternatives in Chile, significantly impacting consumer behaviour. As living costs rise, many Chileans are adjusting their consumption habits by seeking more…

Processed meat, seafood, and alternatives to meat is in a slight volume decline in Italy in 2024, while value sales manage to achieve only small positive gains. This is due to a number of interesting (and sometimes conflicting) dynamics in the…

Retail volume and value growth rates of processed meat, seafood and alternatives in Mexico remain positive but low. Despite 2024 being an election year in Mexico, which was expected to bring a solid increase in sales of processed meat, seafood and…