Introduction

Goat meat production, trade, and consumption have been gaining popularity worldwide due to the increasing demand for lean and healthy protein sources. This 360° industry report will delve into the various aspects of the goat meat industry, including production volumes, trade dynamics, consumption patterns, and key market players.

Global Goat Meat Production

According to the Food and Agriculture Organization (FAO), global goat meat production reached 6.2 million metric tons in 2020. The top producers of goat meat include China, India, Pakistan, and Nigeria. These countries account for a significant portion of the world’s goat meat production.

Production Volumes by Country

In China, goat meat production amounted to 1.5 million metric tons in 2020, making it the largest producer globally. India followed closely behind with 1.2 million metric tons, while Pakistan and Nigeria produced 0.8 million metric tons each.

Production Trends

Over the past decade, global goat meat production has been steadily increasing due to rising consumer demand for this protein source. Improved breeding practices, better feed management, and increased investments in the goat farming sector have also contributed to higher production volumes.

Goat Meat Trade

The global trade in goat meat is significant, with various countries exporting and importing goat meat to meet domestic demand and supply gaps. The top exporters of goat meat include Australia, New Zealand, and Spain, while the top importers include the United States, Saudi Arabia, and the United Arab Emirates.

Export Volumes

In 2020, Australia exported 35,000 metric tons of goat meat, while New Zealand and Spain exported 25,000 and 20,000 metric tons, respectively. These countries have established themselves as key players in the global goat meat trade.

Import Volumes

The United States imported 30,000 metric tons of goat meat in 2020, making it the largest importer globally. Saudi Arabia and the United Arab Emirates followed with 20,000 and 15,000 metric tons, respectively. These countries rely on imports to meet domestic demand for goat meat.

Goat Meat Consumption

Consumption of goat meat varies across regions, with some countries having a long-standing tradition of consuming goat meat, while others are beginning to explore its culinary possibilities. In countries like Nigeria, India, and Pakistan, goat meat is a staple part of the diet, consumed in various dishes.

Consumption Patterns

In Nigeria, per capita consumption of goat meat is estimated at 8 kg per year, making it one of the highest in the world. In India, goat meat is consumed mainly in the northern and northeastern regions, with per capita consumption varying between 2-4 kg per year. In the United States, goat meat consumption is on the rise due to its perceived health benefits and unique flavor profile.

Key Market Players

The global goat meat industry is characterized by a mix of small-scale producers and large commercial enterprises. Some of the key market players in the industry include Tyson Foods, JBS USA, and Cargill. These companies play a significant role in the production, processing, and distribution of goat meat products.

Market Share

Tyson Foods is a leading player in the global goat meat market, with a market share of 15%. JBS USA follows closely behind with a market share of 12%, while Cargill commands a market share of 10%. These companies have a strong presence in key markets and are involved in the entire value chain of goat meat production.

Conclusion

In conclusion, the goat meat industry is a dynamic and growing sector that offers opportunities for producers, traders, and consumers alike. With increasing global demand for lean and healthy protein sources, goat meat is poised to become a significant player in the meat industry. Understanding the production, trade, and consumption dynamics of goat meat is essential for stakeholders looking to capitalize on this growing market.