Introduction
The global sheep meat market is projected to experience significant growth in the coming years, particularly as consumer preferences shift towards high-protein diets and the demand for sustainable meat sources increases. By 2025, a number of companies are anticipated to lead this market with innovative practices, strategic expansions, and enhanced production capabilities. This report focuses on the top 10 fastest-growing sheep meat companies for 2025, examining their financials, operational volumes, and growth strategies.
Market Overview
The global sheep meat market was valued at approximately $22 billion in 2020 and is expected to reach around $31 billion by 2025, growing at a CAGR of 7% during the forecast period. Factors such as increasing health consciousness among consumers and rising disposable incomes in emerging markets are driving this growth. Additionally, the demand for lamb and mutton is particularly high in regions such as Europe, Asia-Pacific, and the Middle East.
Top 10 Fastest Growing Sheep Meat Companies in 2025
1. Australian Lamb Company
The Australian Lamb Company has established itself as a market leader with a projected revenue growth of 15% from 2023 to 2025. The company exports over 60% of its production to Asia and the U.S., capitalizing on the rising demand for premium lamb products. In 2023, the company reported revenues of $300 million, with an anticipated $345 million in 2025. The company’s expansion of its processing facilities in Tasmania aims to increase output from 50,000 tons to 70,000 tons annually.
2. Silver Fern Farms
Based in New Zealand, Silver Fern Farms is expected to grow its revenue from $500 million in 2023 to approximately $600 million by 2025. The company’s unique marketing strategy that emphasizes grass-fed and free-range practices has resonated with health-conscious consumers. In 2023, their production volume reached 80,000 tons, which is projected to increase to 95,000 tons by 2025 due to investments in technology and supply chain improvements.
3. JBS S.A.
JBS, a Brazilian multinational, has diversified its meat portfolio, including sheep meat. With a current revenue of $1.5 billion from sheep meat, the company aims to capture a larger market share, projecting an increase to $1.75 billion by 2025. JBS plans to expand its operations in Australia and New Zealand, increasing production volumes from 150,000 tons to 180,000 tons.
4. National Sheep Association (NSA)
The NSA is a vital player in the UK sheep industry, advocating for sheep producers and promoting high-quality sheep meat. With an estimated revenue of $100 million in 2023, NSA aims for a 20% increase by 2025. The association is focusing on enhancing the breed quality and expanding export markets, targeting an additional 15,000 tons of sheep meat to be exported by 2025.
5. Agri Beef Co.
Agri Beef Co. is a U.S.-based company that has seen substantial growth in its sheep meat sector. Revenue from sheep meat is projected to rise from $120 million in 2023 to $150 million by 2025. The company is investing in sustainable farming practices and improving its supply chain to increase production efficiency, aiming for a volume increase from 30,000 tons to 40,000 tons.
6. New Zealand Lamb Company
New Zealand Lamb Company is set to grow its revenue from $250 million in 2023 to approximately $325 million by 2025. The company focuses on exporting premium lamb to Asian markets, which have shown a rising trend in demand. Production volumes are expected to increase from 40,000 tons to 60,000 tons as they enhance their processing capabilities.
7. Midfield Meats
Midfield Meats, known for its high-quality lamb products, is projected to see revenue growth from $90 million in 2023 to $120 million by 2025. Their investment in advanced processing technology aims to boost production from 20,000 tons to 30,000 tons. The company is also exploring new markets in the Middle East, where demand for lamb is surging.
8. Halal Meat Company
The Halal Meat Company specializes in halal-certified sheep meat products, catering to a growing demographic in various regions. With revenues expected to rise from $60 million in 2023 to $85 million by 2025, the company is working to expand its production capabilities from 15,000 tons to 25,000 tons, focusing on the Middle Eastern and North African markets.
9. Cargill, Inc.
Cargill has a significant footprint in the global meat industry and is focusing on sheep meat as a growth area. The company’s revenue from sheep meat is expected to rise from $800 million in 2023 to $1 billion by 2025. They are enhancing their supply chain logistics and production efficiency to increase output from 100,000 tons to 130,000 tons.
10. Perdue Farms
Perdue Farms is expanding its portfolio to include sheep meat, expecting revenues to grow from $200 million in 2023 to $250 million by 2025. The company is investing in sustainable practices and improved breeding techniques to increase production from 40,000 tons to 50,000 tons, aligning with consumer trends toward healthier and more sustainable meat sources.
Conclusion
The sheep meat industry is poised for robust growth, driven by consumer demand for healthier protein options and sustainable farming practices. The top 10 fastest-growing companies in this sector are strategically positioned to capitalize on these trends, with significant investments in production capabilities and market expansion. As the market evolves, these companies will play a critical role in shaping the future of sheep meat production and consumption.
[Read More: Global Sheep Industry Report 2025: Market Trends & Forecasts]
