Global Horse Meat Market Size, Share, Trends, Industry Growth by Type (Fresh, Frozen), by Distribution Channel (Retail Stores, Online Retail, Food Service Providers), by Region, and Forecast to 2030

Report ID: RC38592 | Report Format: PDF + Excel | Starting Price: 3600/- USD

The global horse meat market size is anticipated to register a significant CAGR of around 2.5% during the forecast period from 2023 to 2030. The market’s dynamics are multifaceted, influenced by cultural traditions, economic factors, and regulatory environments. In regions where horse meat holds historical significance, cultural practices sustain demand. Affordability acts as a key economic driver, making horse meat a viable protein source in certain areas. The market’s stability hinges on a balanced supply from regulated horse farming practices. Regulatory frameworks, governing the legality of consumption, significantly impact market growth. Health-conscious consumers seeking lean protein options contribute to the market’s expansion, given horse meat’s nutritional profile. Global culinary trends and the pet food industry also play roles, reflecting evolving consumer preferences. Sustainability and ethical farming practices further shape market perceptions, emphasizing the intricate interplay of cultural, economic, and ethical considerations in determining the horse meat market’s trajectory.

Market Snapshot:

Benchmark Year 2022
Market Size lock
Market Growth (CAGR) ~ 2.5% (2023-2030)
Largest Market Share lock
Analysis Period 2020-2030
Market Players JBS S.A., Tyson Foods, Inc., Cargill, Incorporated, WH Group Limited, and Hormel Foods Corporation

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Market Drivers:

Cultural and Culinary Traditions: The consumption of horse meat is deeply rooted in the cultural and culinary traditions of certain regions. In places where horse meat has been part of the diet for generations, there is a continued demand driven by the preservation of these culinary practices.

Economic Considerations: Affordability plays a crucial role in driving the demand for horse meat. In regions where it is a cost-effective protein source compared to other meats, especially in areas with a tradition of horse farming, consumers may opt for it as a more accessible option.

Supply and Demand Dynamics: The availability of horse meat is a key factor. If there is a steady supply from regulated and sustainable horse farming practices, it can meet the demand and support a stable market.

Regulatory Environment: The regulatory framework governing the consumption and trade of horse meat significantly influences the market. Legal acceptance or restrictions can either facilitate or impede the growth of the market.

Health and Nutritional Considerations: Horse meat is often recognized for its nutritional profile, being a lean source of protein. Increased awareness about its health benefits can drive demand among consumers looking for nutritious food options.

Globalization of Food Trends: As culinary influences from around the world continue to be exchanged, certain cuisines may incorporate horse meat into their dishes. The diversification of food preferences globally can contribute to the acceptance of horse meat in new markets.

Pet Food Industry: The demand for pet food, especially those containing unconventional meat sources like horse meat, can contribute to the overall market dynamics. The growth of the pet food industry has a direct impact on the demand for such meats.

Sustainability and Environmental Considerations: Sustainable and ethical farming practices for horses can positively influence consumer perceptions. If consumers are assured that the meat comes from responsibly raised animals, it may mitigate ethical concerns and contribute to market growth.

Changing Consumer Preferences: Evolving consumer tastes and an openness to trying diverse and exotic foods can lead to an increased demand for horse meat, especially in markets where it may not have been traditionally consumed.

Market Insights:

The global horse meat market is bifurcated into type, distribution channel, and geography. On the basis of distribution channel, the market is further segmented into retail stores, online retail, and food service providers. The retail segment dominated the global market in the benchmark year and expected to row at the same trend over the forecast period from 2023 to 2030. In many cultures where horse meat consumption is part of culinary traditions, retail stores, including supermarkets and local butcher shops, have been the primary outlets for purchasing horse meat. Consumers often prefer the hands-on experience of selecting cuts of meat in person, and the presence of horse meat in retail spaces is influenced by historical practices and regional demand. The retail segment benefits from established consumer habits, especially in areas where horse meat is a customary part of the diet.

Retail Stores: Retail stores play a central role in the horse meat market, providing a tangible and immediate shopping experience for consumers. Customers can physically inspect and choose horse meat cuts, influenced by cultural practices and preferences. The presence of horse meat in retail stores is contingent upon regional acceptance and adherence to legal frameworks governing its sale. Factors such as presentation, labeling, and pricing contribute to consumer decisions, making retail spaces crucial for both sustaining traditional markets and introducing horse meat to new demographics.

Online Retail: The online retail segment is becoming increasingly significant in the horse meat market, offering a convenient avenue for consumers to access a broader range of products. Online platforms provide a global reach, enabling suppliers to cater to diverse consumer preferences and cultural backgrounds. The virtual space also serves as an educational platform, allowing vendors to communicate information about the sourcing, nutritional value, and culinary applications of horse meat. This channel’s growth is influenced by evolving consumer behaviors, such as the preference for home delivery and the exploration of unique and exotic food options.

Food Service Providers: Food service providers, including restaurants and hotels, contribute significantly to the horse meat market by incorporating it into their menus. The hospitality industry plays a key role in shaping consumer perceptions through culinary innovation and diverse preparations of horse meat dishes. Chefs experiment with integrating horse meat into various cuisines, potentially influencing broader acceptance. Compliance with food safety standards and regulatory frameworks is paramount in this segment, ensuring the quality and safety of horse meat dishes served to consumers. The food service sector acts as a bridge between cultural traditions and contemporary culinary experiences, impacting the overall landscape of the horse meat market.

The horse meat market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

  • 2020-21 – Historical Year
  • 2022 – Base Year
  • 2023-2030 – Forecast Period

Market Segmentation:

By Type:

  • Fresh
  • Frozen

By Distribution Channel:

  • Retail Stores
  • Online Retail
  • Food Service Providers

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

Geographically, the dominance of horse meat consumption varies across regions, with notable significance in Asia-Pacific and certain European countries. In the Asia-Pacific region, particularly in nations like Japan and South Korea, horse meat has a deep-rooted cultural significance and is considered a traditional dietary staple. The consumption of horse meat in these areas is closely tied to culinary traditions that have been passed down through generations, contributing to the region’s historical dominance in the horse meat market. Consumers in these cultures often view horse meat as a unique and valued protein source, and its inclusion in various dishes reflects a culinary heritage that has persisted over time.

In Europe, the dominance of the horse meat market is more nuanced, with variations across countries. While certain European nations, including Italy and France, have longstanding traditions of horse meat consumption, others, such as the United Kingdom, generally refrain from including horse meat in their diets. The European market has faced challenges related to controversies surrounding the mislabeling and unauthorized presence of horse meat in food products, leading to increased regulatory scrutiny and impacting consumer trust.

Competitive Assessment:

Some of the major market players operating in the global horse meat market are JBS S.A., Tyson Foods, Inc., Cargill, Incorporated, WH Group Limited, and Hormel Foods Corporation. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • JBS S.A. (Brazil)
  • Tyson Foods, Inc. (USA)
  • Cargill, Incorporated (USA)
  • WH Group Limited (China)
  • Hormel Foods Corporation (USA)
  • National Beef Packing Company, LLC (USA)
  • Smithfield Foods, Inc. (USA)
  • Marfrig Global Foods S.A. (Brazil)
  • Vion Food Group (Netherlands)
  • Toennies Lebensmittel GmbH & Co. KG (Germany)

Key Questions Answered by Horse Meat Market Report

  • Global horse meat market forecasts from 2023-2030
  • Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
  • Horse meat submarket forecasts from 2023-2030 covering the market by type, distribution channel, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level horse meat markets from 2023-2030
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Contents:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Horse Meat Market Portraiture
2.2. Global Horse Meat Market, by Type, 2022 (USD Mn)
2.3. Global Horse Meat Market, by Distribution Chanel, 2022 (USD Mn)
2.4. Global Horse Meat Market, by Geography, 2022 (USD Mn)

 

3. Global Horse Meat Market Analysis


3.1. Horse Meat Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis

 

4. Global Horse Meat Market by Type, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. Fresh
4.3. Frozen

 

5. Global Horse Meat Market by Distribution Chanel, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. Retail Stores
5.3. Online Retail
5.4. Food Service Providers

 

6. North America Horse Meat Market Analysis and Forecast, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. North America Horse Meat Market by Type, (2020-2030 USD Mn)
6.3. North America Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
6.4. North America Horse Meat Market by Country, (2020-2030 USD Mn)
6.4.1. U.S.
6.4.1.1. U.S. Horse Meat Market by Type, (2020-2030 USD Mn)
6.4.1.2. U.S. Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
6.4.2. Canada
6.4.2.1. Canada Horse Meat Market by Type, (2020-2030 USD Mn)
6.4.2.2. Canada Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
6.4.3. Mexico
6.4.3.1. Mexico Horse Meat Market by Type, (2020-2030 USD Mn)
6.4.3.2. Mexico Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)

 

7. Europe Horse Meat Market Analysis and Forecast, 2020 - 2030 (USD Mn)


7.1. Overview
7.2. Europe Horse Meat Market by Type, (2020-2030 USD Mn)
7.3. Europe Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
7.4. Europe Horse Meat Market by Country, (2020-2030 USD Mn)
7.4.1. Germany
7.4.1.1. Germany Horse Meat Market by Type, (2020-2030 USD Mn)
7.4.1.2. Germany Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
7.4.2. U.K.
7.4.2.1. U.K. Horse Meat Market by Type, (2020-2030 USD Mn)
7.4.2.2. U.K. Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
7.4.3. France
7.4.3.1. France Horse Meat Market by Type, (2020-2030 USD Mn)
7.4.3.2. France Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
7.4.4. Spain
7.4.4.1. Spain Horse Meat Market by Type, (2020-2030 USD Mn)
7.4.4.2. Spain Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
7.4.5. Italy
7.4.5.1. Italy Horse Meat Market by Type, (2020-2030 USD Mn)
7.4.5.2. Italy Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
7.4.6. Rest of Europe
7.4.6.1. Rest of Europe Horse Meat Market by Type, (2020-2030 USD Mn)
7.4.6.2. Rest of Europe Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)

 

8. Asia Pacific Horse Meat Market Analysis and Forecast, 2020 - 2030 (USD Mn)


8.1. Overview
8.2. Asia Pacific Horse Meat Market by Type, (2020-2030 USD Mn)
8.3. Asia Pacific Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
8.4. Asia Pacific Horse Meat Market by Country, (2020-2030 USD Mn)
8.4.1. China
8.4.1.1. China Horse Meat Market by Type, (2020-2030 USD Mn)
8.4.1.2. China Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
8.4.2. Japan
8.4.2.1. Japan Horse Meat Market by Type, (2020-2030 USD Mn)
8.4.2.2. Japan Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
8.4.3. India
8.4.3.1. India Horse Meat Market by Type, (2020-2030 USD Mn)
8.4.3.2. India Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
8.4.4. South Korea
8.4.4.1. South Korea Horse Meat Market by Type, (2020-2030 USD Mn)
8.4.4.2. South Korea Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
8.4.5. Rest of Asia Pacific
8.4.5.1. Rest of Asia Pacific Horse Meat Market by Type, (2020-2030 USD Mn)
8.4.5.2. Rest of Asia Pacific Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)

 

9. Latin America (LATAM) Horse Meat Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Latin America Horse Meat Market by Type, (2020-2030 USD Mn)
9.3. Latin America Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
9.4. Latin America Horse Meat Market by Country, (2020-2030 USD Mn)
9.4.1. Brazil
9.4.1.1. Brazil Horse Meat Market by Type, (2020-2030 USD Mn)
9.4.1.2. Brazil Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
9.4.2. Argentina
9.4.2.1. Argentina Horse Meat Market by Type, (2020-2030 USD Mn)
9.4.2.2. Argentina Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
9.4.3. Rest of Latin America
9.4.3.1. Rest of Latin America Horse Meat Market by Type, (2020-2030 USD Mn)
9.4.3.2. Rest of Latin America Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)

 

10. Middle East and Africa Horse Meat Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. MEA Horse Meat Market by Type, (2020-2030 USD Mn)
10.3. MEA Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
10.4. Middle East and Africa Horse Meat Market, by Country, (2020-2030 USD Mn)
10.4.1. GCC
10.4.1.1. GCC Horse Meat Market by Type, (2020-2030 USD Mn)
10.4.1.2. GCC Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
10.4.2. South Africa
10.4.2.1. South Africa Horse Meat Market by Type, (2020-2030 USD Mn)
10.4.2.2. South Africa Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)
10.4.3. Rest of MEA
10.4.3.1. Rest of MEA Horse Meat Market by Type, (2020-2030 USD Mn)
10.4.3.2. Rest of MEA Horse Meat Market by Distribution Chanel, (2020-2030 USD Mn)

 

11. Competitive Landscape


11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Competitive Benchmarking
11.4. Geographic Presence Heatmap Analysis
11.5. Company Evolution Matrix
11.5.1. Star
11.5.2. Pervasive
11.5.3. Emerging Leader
11.5.4. Participant
11.6. Strategic Analysis Heatmap Analysis
11.7. Key Developments and Growth Strategies
11.7.1. Mergers and Acquisitions
11.7.2. New Product Launch
11.7.3. Joint Ventures
11.7.4. Others

 

12. Company Profiles


12.1. JBS S.A. (Brazil)
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Tyson Foods, Inc. (USA)
12.3. Cargill, Incorporated (USA)
12.4. WH Group Limited (China)
12.5. Hormel Foods Corporation (USA)
12.6. National Beef Packing Company, LLC (USA)
12.7. Smithfield Foods, Inc. (USA)
12.8. Marfrig Global Foods S.A. (Brazil)
12.9. Vion Food Group (Netherlands)
12.10. Toennies Lebensmittel GmbH & Co. KG (Germany)
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