Mutton Market Size, Share, Growth, and Industry Analysis, By Type (Goat Meat, Sheep Meat and Others), By Application (Hotel Catering Industrial, Home Use and Others), Regional Insights, and Forecast To 2032

Updated On: 06 May 2024

MUTTON MARKET REPORT OVERVIEW

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The global mutton market size was USD 593550 million in 2020 and the market is projected to touch USD 826743 million by 2032, exhibiting a CAGR of 2.8% during the forecast period.

The flesh of a sheep that is one year old or older is called mutton. It has a lot of protein and is consumed as food. The demand for mutton may change as a result of modifications in customer tastes and eating habits. Market trends can be influenced, for example, by a growing trend toward high-protein diets or a demand for meat that is obtained ethically and organically. The dynamics of international commerce also have an impact on the mutton market. Geopolitical issues, trade agreements, and export and import laws can all have an influence on the availability and cost of mutton by influencing its movement between nations.

COVID-19 Impact: Reduced Demand from Food service Sector and Shift in Consumer Purchasing Pattern in the Phase of COVID-19 Crumbled Down the Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

LATEST TRENDS

"Growing Demand for Organic and Premium Products to Refurbish the Market Growth"

Concerns about sustainability and a desire for better-quality, ethically sourced goods have led to a rise in consumer interest in premium and organic mutton. Mutton satisfies the demand of health-conscious consumers for lean, high-protein meat alternatives. As dietary habits change, there has been a push to promote mutton as a good source of protein.

MUTTON MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into goat meat, sheep meat  and others.

Goat Meat: In several nations, such as Brazil, China, and India, goat meat is one of the most popular cuts of meat. Humans have eaten goat or kid meat for thousands of years, which is a kind of beef.

Sheep Meat: Among the most popular cuts of red meat is sheep meat. It is a leftover product from the butchering of goats and sheep. The fleece of sheep is used to identify them and is valued in various regions of the world. Some nations utilize it as fabric for apparel, while others use it as a food product or even as an export item, which makes it a significant source of cash.

• By Application

Based on application the global market can be categorized into hotel catering industrial, home use and others.

Hotel Catering: In 2017, the revenue share of hotel catering was greater than 70%. Hotels and restaurants favor industrial mutton because it's less expensive and tastes better than lamb or goat meat. Additionally, the mutton from domestic animals reared on the farms surrounding the city tastes better, making it easier for customers to select from a variety of goods offered in the markets or grocery shops that are closest to them.

Home Use: Due to consumers' growing disposable income and preference for cooking with exotic foods like lamb chops, the home use sector is predicted to increase at a growing CAGR throughout the forecast period in emerging nations like China, India, and Brazil.

DRIVING FACTORS

"Globalization in Trade and Rising Online Retail and E-Commerce to Aggravate the Market Growth"

The mutton market is heavily influenced by international commerce. Mutton flows between nations can be impacted by modifications to trade agreements, export and import laws, and world economic conditions. The mutton sector has been impacted by the development of online shopping and e-commerce platforms. The ease of purchasing meat products online is becoming more and more popular among consumers.

"Consumer Preferences and Population Growth to Intensify the Market Growth"

Consumer choices have a significant influence on the mutton market. The demand for mutton can be impacted by a number of factors, including dietary trends, cultural influences, taste preferences, and health concerns. The demand for food—including meat products like mutton—rises as a result of population expansion generally. The demand for meals high in protein is rising in tandem with the world's population growth.

RESTRAINING FACTOR

"Diseases Outbreak and Seasonal Variability to Hold Back the Market Growth"

The market for mutton can be significantly impacted by livestock illnesses. Disease outbreaks may result in the culling of animals, production halts, and worries about the safety of eating mutton. Seasonal variations can have an influence on mutton production, particularly in areas where weather patterns affect the availability of grazing ground and the general health of animals. Seasonal variations in supply and price may result from this. However, the issues with disease outbreak and seasonal variability may restrict the worldwide mutton market growth.

MUTTON MARKET REGIONAL INSIGHTS

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"Asia Pacific with Large Population and Culinary Preference is Playing a Domineer in the Market "

Asia Pacific one of the most important regions in the dried mutton market share. China, India, Pakistan, Australia, and other nations in the Asia-Pacific area have long been major participants in the world mutton market. These nations frequently have sizable populations, and lamb and mutton are highly valued in their cultures and cuisines.

KEY INDUSTRY PLAYERS

"Notable Market Players Shaping the Market and Contributing in the Market Expansion"

Due to their significant market influence, major market players are essential for understanding consumer preferences and industry dynamics. Because of these big companies' extensive retail networks and online platforms, customers may easily browse through an enormous variety of clothing selections. Due to their strong global presence and well-known brand, which have also strengthened customer loyalty and confidence, product adoption has increased. 

List of Market Players Profiled

• JBS (Brazil)
• Alliance Group (India)
• Silver Fern Farms (New Zealand)
• Irish Country Meats (Ireland)
• Kildare Chilling (Ireland)
• Marfrig (Brazil)
• Wammco (Australia)
• Gansu Zhongtian Sheep Industry Co Ltd (China)
• Xin Jiang TianShan Animal Husbandry Bio-engineering CO.LTD (China).

INDUSTRIAL DEVELOPMENT

• November 2021: Through BioTech Foods, JBS invested US$100 million in cultured meat, which is expected to be released into the market by 2024.

REPORT COVERAGE

The research provides forecasts for future market expansion in addition to a comprehensive SWOT analysis. It examines a wide range of market classifications, potential uses, and important factors that fuel the market's expansion in order to determine how the industry develops over the next several years. By considering both historical turning points and current trends, the research offers a thorough picture of the market's components and highlights potential growth prospects.