Global Edible Offal Market - 2023-2030

Overview

The Global Edible Offal Market reached US$ 35.28 billion in 2022 and is expected to reach US$ 53.36 billion by 2030, growing with a CAGR of 5.31% during the forecast period 2023-2030.

Edible offal, which includes organ meats such as liver, and heart, is a good source of protein. There is a steady demand for edible offal with a growing global population and increasing interest in protein-rich diets. The consumption of edible offal is more common in some cultures and regions than others. Migration and globalization are leading to a broader acceptance of organ meats, which is influencing the market.

According to the United Nations, there was a 15.4% increase in exports of Meat & edible offal from $136 billion in 2021 to $156 billion in 2022. This category of trade, which includes Meat & edible offal, accounts for 0.74% of the total world trade. Meat & edible offal fall under the broader category of Animal Products and encompass various types of meat and edible organ meats.

Organ meats are a traditional and integral part of local cuisines in many Asian countries. The region's consumers have a long history of incorporating edible offal into their diets, which is contributing significantly to the market's growth and demand. Rapid economic growth in several Asian countries is leading to an increase in disposable income levels and is boosting consumer spending on various food products, including edible offal.

Dynamics

Rising Demand for Sustainable Protein Sources

The rising demand for sustainable protein sources is driving the global edible offal market. Increasing Consumer's awareness of the environmental impact of their food choices are leading to a growing interest in sustainable and alternative protein sources. Edible offal, which includes organ meats like liver, heart, and kidneys, is emerging as a viable and environmentally friendly protein option, boosting market growth.

Consumers are actively seeking protein alternatives that have a lower carbon footprint compared to traditional meat products in the edible offal market. Edible offal is meeting this demand because it represents an efficient use of the entire animal, reducing waste supporting sustainability efforts in the meat industry, and driving the edible offal market growth.

Increasing Global Population

Edible offal represents an efficient use of the entire animal, maximizing resource utilization and reducing waste. This is particularly important as the demand for meat products is surging with the growing population. Edible offal often provides a more affordable source of protein compared to premium cuts of meat. This makes it an attractive option for consumers, especially in regions with lower income levels and expanding the market.

In many cultures, organ meats are considered delicacies and integral components of traditional cuisines. As populations are growing, these culinary preferences continue to drive demand for edible offal. The market is responding to increased demand by offering a variety of processed and value-added edible offal products, catering to different consumer preferences and culinary traditions.

According to United Nations in 2023, The global population has experienced a significant increase, surpassing three times its mid-twentieth-century size. In mid-November 2022, the global human population reached 8.0 billion, marking a substantial growth from the estimated 2.5 billion people in 1950. Projections suggest that the world's population is poised to expand by nearly 2 billion individuals over the next 30 years, going from the current 8 billion to an estimated 9.7 billion by 2050, with the possibility of peaking at approximately 10.4 billion around the mid-2080s.

Rising Health Concerns

Edible offal, while nutritious, often had higher cholesterol and fat content compared to lean cuts of meat. Health-conscious consumers are concerned about heart health and weight management and are inclined to reduce their consumption of high-fat and high-cholesterol foods, which is affecting the market demand for edible offal. As consumers sought healthier diets, they often favored leaner cuts of meat. This shift in dietary preferences reduced the demand for the market.

Processed meat products, which sometimes include organ meats, are associated with health concerns such as an increasing risk of certain diseases, including cancer and cardiovascular issues. This is leading consumers to decrease their consumption of processed meats, impacting the market for certain edible offal products. Concerns related to foodborne illnesses and contamination incidents could erode consumer confidence and negatively impact the market.

Segment Analysis

The global edible offal market is segmented based on source, product type, category, distribution channel, and region.

Diverse Beef Offal Products, Cultural and Culinary Significance, and High Nutritional Value

The beef segment held the largest share of the global edible offal market. The beef segment encompasses a wide variety of edible offal products, including liver, heart, kidney, and tripe. This diversity of products caters to different consumer preferences, further solidifying the segment's hold on the market. Beef offal is an essential and culturally significant component of traditional dishes and is sustaining the demand for beef offal products in many cultures around the world.

Beef offal has a high nutritional value, containing essential nutrients such as vitamins, minerals, and protein. Health-conscious consumers seeking nutrient-rich food choices are contributing to the segment's market share. Beef offal products are readily available in various markets, including butcher shops and supermarkets, making them easily accessible to consumers.

Geographical Penetration

High Population Size, Urbanization and Income Levels and Cultural Preferences in Asia-Pacific

Asia-Pacific holds the dominant share of the global edible offal market. The region has a significant portion of the world's population in countries like China and India. The wide consumers in the region contribute to the high demand for edible offal products. Urbanization and rising income levels in many Asia-Pacific countries are leading to increased meat consumption, including offal products, as consumers seek diverse and affordable protein sources.

Cultural preferences for dishes that include offal, such as dim sum in China, yakiniku in Japan, and various organ meat-based curries in South Asia, are bolstering the demand for these products in the regional market. Asia-Pacific countries often export edible offal to other regions, further boosting the overall market growth. High-quality standards and competitive pricing are making Asian producer's major players in the global offal export market.

In October 2023, it was reported that India's exports of meat and edible meat offal in 2022 reached US$3.25 billion, indicating a 5% increase compared to the previous year, as per the United Nations COMTRADE database on international trade. Comprehensive data, historical charts, and statistics regarding India's exports of meat and edible meat offal are available.

COVID-19 Impact Analysis:

The market experienced disruptions in the supply chain, affecting the availability of edible offal products. Lockdowns, transportation restrictions, and labor shortages hampered production and distribution. With the closure of restaurants, hotels, and food service establishments, the market faced a decline in demand from the food service sector. This negatively impacted sales volume and revenue.

However, as more people cooked at home during lockdowns, there was a surge in demand for various meat products, including edible offal, as consumers experimented with diverse recipes and ingredients. The pandemic highlighted the importance of food safety and hygiene. Market players who prioritized and demonstrated high standards of safety gained consumer trust.

Russia-Ukraine War Impact Analysis

The conflict disrupted supply chains in the region, affecting the sourcing and export of edible offal products. This disruption led to uncertainties in the market and potential shortages of certain products. Both Russia and Ukraine were significant players in the global edible offal market, and their involvement in the conflict-affected their ability to export these products. This had a ripple effect on international trade in edible offal.

In response to supply chain disruptions, some market players diversified their sourcing strategies to reduce reliance on the conflict-affected regions. This diversification enhanced the resilience of the market. Some regions and countries increased their focus on local production of edible offal products to reduce dependency on imports. This led to opportunities for local producers.

By Source

• Poultry
• Beef
• Pork
• Goat
• Others

By Product Type

• Liver
• Kidneys
• Heart
• Brain
• Others

By Category

• Fresh
• Processed

By Distribution Channel

• Food Services
• Retail

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On May 18, 2023, The Organic Meat Company Limited (TOMCL) officially entered into a Share Purchase Agreement (SPA) with the shareholders of Mohammad Saeed Mohammad Hussain Limited (MSMH) to acquire 100% of MSMH's shares for a total consideration of PKR 170,000. It's important to note that MSMH is an established offal processing company situated within the Karachi Export Processing Zone.
• On November 13, 2022, the regional investment and trade promotion agency Caribbean Export Development Agency (Caribbean Export) launched a brand-new publication in collaboration with the Export-Import Bank of India (Exim Bank India). The publication, titled "Enhancing India CARIFORUM Economic Relations and Prospects for Cooperation" - where CARIFORUM referred to the Caribbean Forum of African, Caribbean, and Pacific States - explored trade opportunities between Caribbean countries and India.

Competitive Landscape

The major global players in the edible offal market include: The Organic Meat Company Limited, Kompass International SA, Meat & Livestock Australia Limited, Perry Hope Partners, Zauba, Fane Valley Co-Operative Society Ltd, Be2Live and Faunalytics.

Why Purchase the Report?

• To visualize the global edible offal market segmentation based on source, product type, category, distribution channel, and region, as well as understand critical commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous edible offal market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of critical products of all the major players.

The global edible offal market report would provide approximately 63 tables, 67 figures, and 186 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies