Sector Trend Analysis – Meat trends in Italy

Note: This report includes forecasting data that is based on baseline historical data.

Executive summary

Of the top ten meat suppliers to Italy by value, Canada was ranked as 30th largest (valued at US$4.1 million in 2023) and accounted for 0.1% of the global market share to Italy in 2023. Germany was the largest supplier at US$1,464.5 million in 2023.

Among the top 10 meat the world exported to Italy in 2023, fresh or chilled hams, shoulders and cuts thereof of swine, with bone in was the largest, reaching US$1,581.8 million, followed by fresh or chilled bovine cuts, with bone in, reaching US$1,209.8 million and fresh or chilled meat of swine, reaching US$909.8 million.

In 2023, Canada's top meat exports to Italy were fresh or chilled bovine, boneless at US$3,683.5 thousand, followed by fresh or chilled bovine cuts, with bone in at US$325.7 thousand and fresh or chilled edible offal of bovine at US$113.9 thousand which had the highest compound annual growth rate (CAGR) of 128.3% from 2019 to 2023.

In terms of export value broken down by Canadian province, Alberta led with a value of US$6.7 million in 2023, which accounted for 99.0% of Canada's total meat exports to Italy. Ontario ranked second, exporting US$66,726.1 in 2023.

From 2022 to 2023, Canada's beef and products export decreased in value by −17.0%, from US$4,972.7 thousand in 2022 to US$4,129.2 thousand in 2023 while the CAGR was increasing at 38.6% from 2019 to 2023. Italy did not import any pork from Canada in 2022 and 2023.

The total volume of sales of meat in Italy reached 2.8 million tonnes in 2023. Poultry accounted for the largest volume of meat sold in Italy in 2023 at 1.3 million tonnes (47.5% of the total meat sales), followed by beef and veal at 716.8 thousand tonnes and pork at 663.7 thousand tonnes.

 

Italy's meat production

For market year 2022, Italy's meat production (pork, chicken, beef) totaled 2.99 million tonnes, with pork accounting for 1,254,950 tonnes, chicken for 993,950 tonnes and beef for 747,210 tonnes. Chicken production saw steady growth at a CAGR of 0.5% from 2018 to 2022 while pork and beef declined at a CAGR of −4.2% and −2.0% respectively.

Italy's meat production in tonnes, 2018 to 2022
Commodity 2018 2019 2020 2021 2022 CAGR* % 2018-2022
Pork 1,487,000 1,464,490 1,286,690 1,351,980 1,254,950 −4.2
Chicken 972,840 1,055,270 1,066,910 1,068,500 993,950 0.5
Beef and veal 809,220 779,820 732,280 747,890 747,210 −2.0
Total 3,269,060 3,299,580 3,085,880 3,168,370 2,996,110 −2.2

Source: FAOSTAT (Food and Agriculture Organization of the United Nations) 2024

*CAGR: Compound Annual Growth Rate

Italy's trade summary

Of the top ten meat suppliers to Italy by value, Canada was ranked as 30th largest (valued at US$4.1 million in 2023) and accounted for 0.1% of the global market share to Italy in 2023. Germany was the largest supplier at US$1,464.5 million in 2023. The 2nd largest supplier was Spain, with exports valued at US$1,263.2 million in 2023. Due to the strong demand for meat, all the top 10 countries exporting meat to Italy had a steady CAGR from 2019 to 2023, ranging from 16.7% (Spain) to as low as 0.9% (Brazil).

Top 10 meat suppliers to Italy in US$ million, 2019 to 2023 (HS02, HS1601, 1602[a])
Country 2019 2020 2021 2022 2023 CAGR* % 2019-2023 Market share % in 2023
World 5,553.7 5,032.3 5,354.5 6,201.9 7,297.4 7.1 100
Germany 1,169.7 1,064.9 1,137.8 1,224.9 1,464.5 5.8 20.1
Spain 681.0 653.3 629.8 883.6 1,263.2 16.7 17.3
Netherlands 789.2 755.0 830.9 962.6 1,108.5 8.9 15.2
France 636.1 612.4 628.0 669.4 793.1 5.7 10.9
Poland 528.3 437.1 491.0 604.3 703.7 7.4 9.6
Denmark 275.1 255.4 349.3 362.9 412.1 10.6 5.6
Ireland 220.9 202.4 223.3 270.5 279.4 6.1 3.8
Austria 239.3 206.9 206.1 228.0 261.0 2.2 3.6
Belgium 172.8 141.5 182.5 212.7 254.0 10.1 3.5
Brazil 180.5 185.2 192.4 210.1 187.0 0.9 2.6
Canada 30 1.4 4.9 4.0 5.0 4.1 30.8 0.1

Source: Global Trade Tracker, 2024

*CAGR: Compound Annual Growth Rate

a: HS 02: meat and edible meat offal. HS1601: sausages and products of meat, meat offal, blood or insects. HS1602: prepared or preserved meat, meat offal, blood or insects.

Of the top 10 meat suppliers to Italy by volume, Canada also ranked as 38th largest in 2023, exporting 0.2 thousand tonnes and accounting for 0.01% of the total world exports (1,679.6 thousand tonnes). Canada remained at a CAGR of 0.0% from 2019 to 2023, while Argentina reached the highest CAGR of 9.8%, among the top 10 suppliers.

Top 10 meat suppliers to Italy inthousandtonnes, 2019 to 2023(HS02, HS1601, 1602)
 Country 2019 2020 2021 2022 2023 CAGR* % 2019-2023 Market share % in 2023
World 1,616.8 1,493.4 1,612.5 1,649.7 1,679.6 1.0 100
Germany 404.8 391.8 444.0 400.7 386.2 −1.2 23.0
Spain 228.7 221.8 214.5 274.7 332.7 9.8 19.8
Netherlands 222.2 206.1 231.1 254.5 254.8 3.5 15.2
France 172.8 166.9 156.9 153.2 161.5 −1.7 9.6
Poland 163.2 131.3 131.6 129.2 146.1 −2.7 8.7
Denmark 97.9 101.4 154.0 136.6 116.3 4.4 6.9
Austria 72.6 60.9 62.1 64.3 62.8 −3.6 3.7
Belgium 48.6 44.4 57.7 64.2 58.8 4.9 3.5
Hungary 47.5 33.6 38.2 37.8 33.1 −8.6 2.0
Ireland 28.9 26.6 25.9 29.3 30.2 1.1 1.8
Canada 38 0.2 0.4 0.3 0.7 0.2 0.0 0.01

Source: Global Trade Tracker, 2024

*CAGR: Compound Annual Growth Rate

Among the top 10 meat the world exported to Italy in 2023, fresh or chilled hams, shoulders and cuts thereof of swine, with bone in was the largest, reaching US$1,581.8 million, followed by fresh or chilled bovine cuts, with bone in, reaching US$1,209.8 million and fresh or chilled meat of swine, reaching US$909.8 million. Overall, the growth of the total meat from 2019 to 2023 was a CAGR 7.1%.

Top 10 meat products that was exported to Italy from the world in US$ million by HS code, 2019 to 2023
HS code Description 2019 2020 2021 2022 2023 CAGR* % 2019-2023
Total 5,553.9 5,032.3 5,354.6 6,202.2 7,296.9 7.1
020312 fresh or chilled hams, shoulders and cuts thereof of swine, with bone in 1,179.5 1,044.0 1,141.8 1,137.1 1,581.8 7.6
020120 fresh or chilled bovine cuts, with bone in 919.9 836.2 974.6 1,077.3 1,209.8 7.1
020319 fresh or chilled meat of swine 621.0 559.8 558.5 661.2 909.8 10.0
020130 fresh or chilled bovine meat, boneless 646.9 552.7 599.3 743.3 689.9 1.6
020311 fresh or chilled carcases and half-carcases of swine 357.6 303.5 245.2 344.8 468.5 7.0
020110 carcases or half-carcases of bovine animals, fresh or chilled 343.0 329.7 337.5 397.8 445.3 6.7
020230 frozen, boneless meat of bovine animals 230.2 259.6 286.0 297.4 285.2 5.5
020329 frozen meat of swine 152.1 142.7 106.3 127.9 196.5 6.6
020500 meat of horses, asses, mules or hinnies, fresh, chilled or frozen 106.6 106.2 139.9 105.3 152.4 9.4
160232 meat or offal of fowls of the species, prepared or preserved 70.7 61.5 66.8 103.2 109.7 11.6

Source: Global Trade Tracker, 2024

*CAGR: Compound Annual Growth Rate

Among the top 10 meat that the world exported to Italy in 2023, fresh or chilled hams, shoulders and cuts thereof of swine, with bone in was the largest, reaching 527.7 thousand tonnes, followed by fresh or chilled meat of swine, reaching 234.8 thousand tonnes and fresh or chilled bovine cuts, with bone in, reaching 182.1 thousand tonnes. Overall, the total meat export growth from 2019 to 2023 was a CAGR 1.0%.

Top 10 meat products that was exported to Italy from the world in thousand tonnes by HS code, 2019 to 2023
HS code Description 2019 2020 2021 2022 2023 CAGR* % 2019-2023
Total 1,616.9 1,493.6 1,612.5 1,649.4 1,679.5 1.0
020312 fresh or chilled hams, shoulders and cuts thereof of swine, with bone in 531.6 505.1 600.1 526.7 527.7 −0.2
020319 fresh or chilled meat of swine 196.9 181.9 204.9 219.3 234.8 4.5
020120 fresh or chilled bovine cuts, with bone in 181.1 164.6 165.8 167.7 182.1 0.1
020311 fresh or chilled carcases and half-carcases of swine 154.5 132.7 118.4 148.4 158.1 0.6
020110 carcases or half-carcases of bovine animals, fresh or chilled 73.5 69.8 64.5 70.1 74.1 0.2
020130 fresh or chilled bovine meat, boneless 78.6 67.7 61.8 73.3 65.9 −4.3
020329 frozen meat of swine 60.3 49.6 45.5 50.9 58.2 −0.9
020649 edible offal of swine, frozen (excluding livers) 27.1 24.9 34.3 40.1 45.2 13.6
020230 frozen, boneless meat of bovine animals 41.3 40.0 41.8 38.6 41.7 0.2
020714 frozen cuts and edible offal of fowls 22.9 23.5 28.8 40.6 33.4 9.9

Source: Global Trade Tracker, 2024

*CAGR: Compound Annual Growth Rate

In 2023, Canada's top meat exports to Italy were fresh or chilled bovine, boneless at US$3,683.5 thousand, followed by fresh or chilled bovine cuts, with bone in at US$325.7 thousand and fresh or chilled edible offal of bovine at US$113.9 thousand which had the highest CAGR of 128.3% from 2019 to 2023. Compared with 2022, the export of meat to Italy in 2023 decreased at −17.0% in value.

Top 10 meat products Canada exported to Italy in US$ thousand, 2019 to 2023
HS code Description 2019 2020 2021 2022 2023 CAGR* % 2019-2023 2023 vs 2022
Total 1,433.5 4,925.0 4,009.6 4,972.7 4,129.2 30.3 −17.0
020130 fresh or chilled bovine, boneless 977.3 4,050.3 3,440.2 1,799.5 3,683.5 39.3 104.7
020120 fresh or chilled bovine cuts, with bone in 141.2 546.4 244.8 140.9 325.7 23.2 131.2
020610 fresh or chilled edible offal of bovine 0.0 0.0 0.0 49.9 113.9 128.3 128.3
020230 frozen, boneless meat of bovine 0.0 275.1 131.5 1920.4 6.1 −71.9 −99.7
160241 hams of swine and cuts thereof, prepared or preserved 34.1 0.0 0.0 0.0 0.0 N/C N/C
160100 sausages and similar products, of meat, meat offal, blood or insects; food preparations based on these products 5.9 0.0 17.7 0.0 0.0 N/C N/C
021020 meat of bovine animals, salted, in brine, dried or smoked 0.0 0.0 13.9 0.0 0.0 N/C N/C
021019 meat of swine, salted, in brine, dried or smoked 0.0 19.0 148.8 0.0 0.0 N/C N/C
020629 frozen edible bovine offal (excluding tongues and livers) 0.0 29.7 12.7 971.3 0.0 N/C −100.0
020621 frozen edible bovine tongues 0.0 0.0 0.0 90.7 0.0 N/C −100.0

Source: Global Trade Tracker, 2024

*CAGR: Compound Annual Growth Rate

N/C: Not Calculatable

In terms of trade volume, Canada's top exports in 2023 were fresh or chilled bovine meat, boneless at 218,347 kilograms, and fresh or chilled bovine cuts, with bone in at 17,866 kilograms and fresh or chilled edible offal of bovine at 7,011 kilograms. Fresh or chilled bovine meat, boneless had the highest CAGR of 32.4% from 2019 to 2023. Compared with 2022, the export of meat to Italy in 2023 dropped −63.8% in volume.

Top 10 meat products Canada exported to Italy in kilograms, 2019 to 2023
HS code Description 2019 2020 2021 2022 2023 CAGR* % 2019-2023 2023 vs 2022
Total 243,183 412,864 270,967 673,405 243,639 0.0 −63.8
020130 fresh or chilled bovine meat, boneless 70,983 310,467 209,030 114,887 218,347 32.4 90.1
020120 fresh or chilled bovine cuts, with bone in 9,315 41,173 14,190 8,015 17,866 17.7 122.9
020610 fresh or chilled edible offal of bovine 3,365 7,011 N/C 108.4
020230 frozen, boneless bovine 52,825 25,024 325,312 415 N/C −99.9
160241 hams of swine and cuts thereof, prepared or preserved 2,310 −100.0 N/C
160100 sausages and similar products, of meat, meat offal, blood or insects; food preparations based on these products 200 2,963 −100.0 N/C
021020 meat of bovine, salted, in brine, dried or smoked 557 N/C N/C
021019 meat of swine, salted, in brine, dried or smoked 1,507 13,155 N/C N/C
020629 frozen edible bovine offal (excluding tongues and livers) 6,131 6,048 207,006 N/C −100.0
020621 frozen edible bovine tongues 14,820 N/C −100.0

Source: Global Trade Tracker, 2024

*CAGR: Compound Annual Growth Rate

N/C: Not Calculatable

In terms of export value broken down by Canadian province, Alberta led with a value of US$6.7 million in 2023, which accounted for 99.0% of Canada's total meat exports to Italy. Ontario ranked second, exporting US$66,726.1 in 2023.

Canada's meat exports to Italy by province in US$, 2019 to 2023
Province 2019 2020 2021 2022 2023 CAGR* % 2019-2023
Total 1,556,174.1 4,721,920.8 6,046,452.9 5,441,999.1 6,744,045.4 44.3
Alberta 1,282,720.9 4,365,258.0 6,026,537.3 5,055,305.0 6,677,319.3 51.1
Ontario 329,899.8 19,915.6 386,694.1 66,726.1 −41.3
Quebec 135,045.7 26,763.0 −80.2
Manitoba 99,225.5 N/C
British Columbia 39,182.0 N/C

Source: Global Trade Tracker, 2024

*CAGR: Compound Annual Growth Rate

N/C: Not Calculatable

In terms of export volume by province, Alberta exported 450,495 kilograms of meat to Italy in 2023, followed by Ontario at 25,912 kilograms. Alberta registered the highest CAGR of 29.4% from 2019 to 2023.

Canada's meat export to Italy by province in kilograms, 2019 to 2023
Province 2019 2020 2021 2022 2023 CAGR* % 2019-2023
Total 251,857 408,938 522,839 433,751 476,407 17.3
Alberta 160,614 348,235 515,363 359,336 450,495 29.4
Ontario 54,041 7,476 74,415 25,912 N/C
Quebec 50,839 6,662 N/C
Manitoba 20,810 N/C
British Columbia 19,594 N/C

Source: Global Trade Tracker, 2024

*CAGR: Compound Annual Growth Rate

N/C: Not Calculatable

Italy did not import any pork from Canada in 2022 and 2023. The CAGR was decreasing at −27.3% from 2019 to 2021.

Top 10 pork and products that was exported to Italy from Canada by HS code, 2019 to 2023
HS code Description 2019 2020 2021 2022 2023 CAGR* % 2019-2021
Total 314,954.0 18,973.8 166,547.1 0.0 0.0 −27.3
160241 hams of swine and cuts thereof, prepared or preserved 34,125.3 0.0 0.0 N/C
160100 sausages and similar products, of meat, meat offal, blood or insects; food preparations based on these products 5,859.0 17,713.9 0.0 0.0 N/C
021019 meat of swine, salted, in brine, dried or smoked 18,973.8 148,833.2 0.0 0.0 N/C
020329 frozen meat of swine 29,089.4 0.0 0.0 N/C
020322 frozen hams, shoulders and cuts thereof of swine, with bone in 245,880.3 0.0 0.0 N/C

Source: Global Trade Tracker, 2024

*CAGR: Compound Annual Growth Rate

N/C: Not Calculatable

In terms of the volume, Italy did not import any pork from Canada in 2022 and 2023. The CAGR was decreasing at −68.5% from 2019 to 2021.

Top 10 pork and products that was exported to from Canada in kilograms by HS code, 2019 to 2023
HS code Description 2019 2020 2021 2022 2023 CAGR* % 2019-2021
Total 162,885 1,507 16,118 0 0 −68.5
021019 meat of swine, salted, in brine, dried or smoked 1,507 13,155 0 0 N/C
160100 sausages and similar products, of meat, meat offal, blood or insects; food preparations based on these products 200 2,963 0 0 N/C
160241 hams of swine and cuts thereof, prepared or preserved 2,310 0 0 N/C
020329 frozen meat of swine (excluding carcases and half-carcases, and hams, shoulders and cuts thereof, with bone in) 19,593 0 0 N/C
020322 frozen hams, shoulders and cuts thereof of swine, with bone in 140,782 0 0 N/C

Source: Global Trade Tracker, 2024

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

From 2022 to 2023, Canada's beef and products export decreased in value by −17.0%, from US$4,972.7 thousand in 2022 to US$4,129.2 thousand in 2023 while the CAGR was increasing at 38.6% from 2019 to 2023.

Top three were fresh or chilled bovine, boneless (US$3,683.5 thousand), fresh or chilled bovine cuts with bone in (US$325.7 thousand) and fresh or chilled edible offal of bovine (US$113.9 thousand) in 2023.

Top 10 beef and products that was exported to Italy from Canada in US$ thousand by HS code, 2019 to 2023
HS code Description 2019 2020 2021 2022 2023 CAGR* % 2019-2023 2023 vs 2022
Total 1,118.1 4,906.1 3,843.1 4,972.7 4,129.2 38.6 −17.0
020130 fresh or chilled bovine, boneless 977.3 4,050.3 3,440.2 1,799.5 3,683.5 39.3 104.7
020120 fresh or chilled bovine cuts, with bone in 141.2 546.4 244.8 140.9 325.7 23.3 131.1
020610 fresh or chilled edible offal of bovine 49.9 113.9 128.4 128.4% (2022-2023)
020230 frozen, boneless meat of bovine 275.1 131.5 1,920.4 6.1 −72.0 −99.7% (2020-2023)
021020 meat of bovine, salted, in brine, dried or smoked 13.9 N/C N/C
020629 frozen edible bovine offal (excluding tongues and livers) 29.7 12.8 971.3 471.9 N/C
020621 frozen edible bovine tongues 90.7 N/C N/C
020220 frozen bovine cuts, with bone in 4.5 N/C N/C

Source: Global Trade Tracker, 2024

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

From 2022 to 2023, Canada's beef and products export decreased in volume by −63.8%, from 673,405 kilograms in 2022 to 243,639 in 2023 while the CAGR was increasing at 32.0% from 2019 to 2023.

Top three were fresh or chilled bovine boneless (218,347 kilograms), fresh or chilled bovine cuts, with bone in (17,866 kilograms) and fresh or chilled edible offal of bovine (7,011 kilograms) in 2023.

Top 10 beef and products that was exported to Italy from Canada in kilograms by HS code, 2019 to 2023
HS code Description 2019 2020 2021 2022 2023 CAGR* % 2019-2023 2023 vs 2022
Total 80,298 411,357 254,849 673,405 243,639 32.0 −63.8
020130 fresh or chilled bovine, boneless 70,983 310,467 209,030 114,887 218,347 32.4 90.1
020120 fresh or chilled bovine cuts, with bone in 9,315 41,173 14,190 8,015 17,866 17.7 122.9
020610 fresh or chilled edible offal of bovine 3,365 7,011 N/C 108.4
020230 frozen, boneless meat of bovine 52,825 25,024 325,312 415 N/C −99.9
021020 meat of bovine animals, salted, in brine, dried or smoked 557 N/C N/C
020629 frozen edible bovine offal (excluding tongues and livers) 6,131 6,048 207,006 N/C N/C
020621 frozen edible bovine tongues 14,820 N/C N/C
020220 frozen bovine cuts, with bone in 761 N/C N/C

Source: Global Trade Tracker, 2024

*CAGR: Compound Annual Growth Rate

N/C: Not calculable

Consumption and spending

1) Market size

In recent years, the meat category in Italy has been going through an uncertain phase, especially regarding supply. Several factors, such as high breeding costs and feed shortages, are negatively affecting the development of the meat category. Breeding costs have increased due to high feed prices and general expenses related to facilities and animal care. This has made it difficult for many breeders to maintain profitability and has led some of them to reduce the number of livestock raised (Euromonitor 2024)

Following a 2022 that was characterised by a decline in meat consumption in retail volume terms, the last year of the review period saw the general market start to grow again, albeit extremely modestly. This growth was driven mainly by poultry and pork. Beef and veal, on the other hand, continued to show a decline in volume terms. The main reasons for this trend are both the desire of many people to reduce their consumption of red meat and the fact that pork and poultry are less expensive per kilo than other meats (Euromonitor 2024)

The total volume of sales of meat in Italy reached 2.8 million tonnes in 2023. Poultry accounted for the largest volume of meat sold in Italy in 2023 at 1.3 million tonnes (47.5% of the total meat sales), followed by beef and veal at 716.8 thousand tonnes and pork at 663.7 thousand tonnes. Meat sales increased at 1.3% from 2019 to 2023. Poultry and pork had the largest CAGR of 2.1% from 2019 to 2023. It is forecast that by 2028 total meat sales in Italy will reach 2.9 million tonnes. Poultry is projected to have a CAGR of 1.4%, followed by other meat at 0.9% from 2023 to 2028.

Historical and forecast total volume sales of meat by category in thousand tonnes, 2019 to 2028
Category 2019 2023 CAGR* % 2019-2023 2024 2028 CAGR* % 2023-2028
Meat 2,638.9 2,775.7 1.3 2,803.4 2,867.9 0.7
Poultry 1,215.5 1,318.8 2.1 1,342.4 1,410.4 1.4
Beef and Veal 731.4 716.8 −0.5 715.9 694.8 −0.6
Pork 609.8 663.7 2.1 668.1 685.3 0.6
Lamb, Mutton and Goat 55.1 51.3 −1.8 51.6 51.4 0.0
Other Meat 27.0 25.0 −1.9 25.4 26.1 0.9

Source: Euromonitor, 2024

*CAGR: Compound Annual Growth Rate

Per capita consumption of meat by Italy consumers was 47.0 kilograms (kg) in 2023, up from 44.1 kg in 2019, and it is projected to reach 48.8 kg by 2028. The meat had positive growth at a CAGR of 1.6% from 2019 to 2023. Pork had the biggest growth at 2.6% while other meat decreased at −5.4% from 2019 to 2023.

Italy per capita meat consumption in kilograms, 2019 to 2028
Category 2019 2023 CAGR* % 2019-2023 2024 2028 CAGR* % 2023-2028
Meat 44.1 47.0 1.6 47.5 48.8 0.8
Poultry 20.3 22.4 2.5 22.8 24.0 1.4
Beef and Veal 12.2 12.1 −0.2 12.1 11.8 −0.5
Pork 10.2 11.3 2.6 11.3 11.7 0.7
Lamb, Mutton and Goat 0.9 0.9 0.0 0.9 0.9 0.0
Other Meat 0.5 0.4 −5.4 0.4 0.4 0.0

Source: Source: Euromonitor, 2024

*CAGR: Compound Annual Growth Rate

2) Retail sales value

The value of Italy meat sector increased from US$26.2 billion in 2019 to US$32.6 billion in 2023, registering a CAGR of 5.6% from 2019 to 2023. The sector is expected to reach US$38.5 billion by 2028, growing at a CAGR of 3.4% from 2023 to 2028.

Historical and forecast retail sales ofmeat by category in US$ million, year-over-year exchange rates, 2019 to 2023
Category 2019 2023 CAGR* % 2019-2023 2024 2028 CAGR* % 2023-2028
Meat 26,243.4 32,588.1 5.6 34,104.0 38,475.4 3.4
Beef and Veal 12,037.7 14,153.5 4.1 14,708.7 16,148.0 2.7
Poultry 9,650.5 12,744.7 7.2 13,431.9 15,580.7 4.1
Pork 3,261.3 4,240.8 6.8 4,448.9 5,069.3 3.6
Lamb, Mutton and Goat 936.2 1,059.7 3.1 1,104.8 1,218.6 2.8
Other Meat 357.9 389.5 2.1 409.7 458.7 3.3

Source: Euromonitor,2024

*CAGR: Compound Annual Growth Rate

Italy people spend most money on beef and veal at US$239.9 per capita in 2023, followed by poultry at US$216.0 and pork at US$71.9.

Italy per capita meat consumption retail sale in US$, 2019 to 2028
Category 2019 2023 CAGR* % 2019-2023 2024 2028 CAGR* % 2023-2028
Meat 438.7 552.4 5.9 578.1 654.9 3.5
Beef and Veal 201.2 239.9 4.5 249.3 274.9 2.8
Poultry 161.3 216.0 7.6 227.7 265.2 4.2
Pork 54.5 71.9 7.2 75.4 86.3 3.7
Lamb, Mutton and Goat 15.7 18.0 3.5 18.7 20.7 2.8
Other Meat 6.0 6.6 2.4 6.9 7.8 3.4

Source: Source: Euromonitor, 2024

*CAGR: Compound Annual Growth Rate

3) Leading companies and brands in Italian processed meat sector

Consorzio del Prosciutto di Parma (US$935.2 million in 2023), Veronesi Holding SpA (US$836.5 million in 2023) and Azienda Agricola Flli Amadori (US$645.6 million in 2023) are the leading companies in the Italy processed meat sector. The CAGR growth for Azienda Agricola Flli Amadori was 7.1% from 2019 to 2023.

Company retail share (in US$ million) in the processed meat sector, 2019 to 2023
Company name 2019 2020 2021 2022 2023 CAGR* % 2019-2023
Consorzio del Prosciutto di Parma 771.0 846.1 904.1 843.1 935.2 4.9
Veronesi Holding SpA 685.1 746.0 792.9 755.1 836.5 5.1
Azienda Agricola Flli Amadori 490.5 543.5 587.9 576.0 645.6 7.1
Salumificio Flli Beretta SpA 499.5 555.7 595.5 557.1 598.5 4.6
Ferrarini SpA 428.4 472.2 524.9 491.8 541.8 6.0
Rovagnati SpA 354.2 396.4 425.7 397.0 436.4 5.4
Giuseppe Citterio Salumificio SpA 349.8 384.9 412.0 385.5 423.8 4.9
Grandi Salumifici Italiani SpA 302.7 329.8 355.2 341.2 362.3 4.6
Cremonini SpA 221.0 253.2 267.5 251.7 268.7 5.0
Sigma Alimentos SA de CV 229.2 251.2 271.2 249.2 264.9 3.7

Source: Euromonitor,2024

*CAGR: Compound Annual Growth Rate

Consorzio del Prosciutto di Parma recorded 7.2% share in 2023, Veronesi Holding SpA recorded 6.4% share while Azienda Agricola Flli Amadori recorded 5.0% share in 2023 and had the biggest growth at a CAGR of 1.6% from 2019 to 2023.

Company retail share (in %) in the processed meat sector, 2019 to 2023
Company name 2019 2020 2021 2022 2023 CAGR* % 2019-2023
Consorzio del Prosciutto di Parma 7.4 7.3 7.2 7.1 7.2 −0.7
Veronesi Holding SpA 6.6 6.5 6.3 6.4 6.4 −0.8
Azienda Agricola Flli Amadori 4.7 4.7 4.7 4.9 5.0 1.6
Salumificio Flli Beretta SpA 4.8 4.8 4.7 4.7 4.6 −1.1
Ferrarini SpA 4.1 4.1 4.2 4.1 4.2 0.6
Rovagnati SpA 3.4 3.4 3.4 3.3 3.4 0.0
Giuseppe Citterio Salumificio SpA 3.4 3.3 3.3 3.2 3.3 −0.7
Grandi Salumifici Italiani SpA 2.9 2.9 2.8 2.9 2.8 −0.9
Cremonini SpA 2.1 2.2 2.1 2.1 2.1 0.0
Sigma Alimentos SA de CV 2.2 2.2 2.1 2.1 2.0 −2.4

Source: Euromonitor,2024

*CAGR: Compound Annual Growth Rate

The top three brands in Italy's processed meat sector in 2023 were Parma (US$935.2 million), AIA (US$638.1 million) and Amadori (US$630.4 million), which registered the highest market share growth at a CAGR of 7.2% from 2019 to 2023.

Top 10 processed meat brands in Italy, retail share (in US$ million) 2019 to 2023
Brand name Company name 2019 2020 2021 2022 2023 CAGR* % 2019-2023
Parma Consorzio del Prosciutto di Parma 771.0 846.1 904.1 843.1 935.2 4.9
AIA Veronesi Holding SpA 522.7 566.1 602.0 573.7 638.1 5.1
Amadori Azienda Agricola Flli Amadori 477.9 529.6 573.4 562.3 630.4 7.2
Beretta Salumificio Flli Beretta SpA 459.6 513.0 550.2 512.5 550.0 4.6
Ferrarini Ferrarini SpA 428.4 472.2 524.9 491.8 541.8 6.0
Citterio Giuseppe Citterio Salumificio SpA 349.8 384.9 412.0 385.5 423.8 4.9
Rovagnati Rovagnati SpA 335.4 374.7 402.8 375.7 413.5 5.4
Fiorucci Sigma Alimentos SA de CV 204.6 224.5 243.1 223.2 237.0 3.7
Casa Modena Grandi Salumifici Italiani SpA 184.1 197.0 211.0 203.5 215.1 4.0
Parmacotto Parmacotto SpA 163.5 192.6 203.6 191.9 203.9 5.7

Source: Euromonitor,2024

*CAGR: Compound Annual Growth Rate

The top three brands in Italy's processed meat sector in 2023 were Parma (7.2%). AIA (4.9%) and Amadori (4.8%), which registered the highest market share growth at a CAGR of 1.1% from 2019 to 2023.

Top 10 processed meat brands in Italy, retail share (in %) 2019 to 2023
Brand name Company name 2019 2020 2021 2022 2023 CAGR* % 2019-2023
Parma Consorzio del Prosciutto di Parma 7.4 7.3 7.2 7.1 7.2 −0.7
AIA Veronesi Holding SpA 5.0 4.9 4.8 4.8 4.9 −0.5
Amadori Azienda Agricola Flli Amadori 4.6 4.6 4.5 4.7 4.8 1.1
Beretta Salumificio Flli Beretta SpA 4.4 4.4 4.4 4.3 4.2 −1.2
Ferrarini Ferrarini SpA 4.1 4.1 4.2 4.1 4.2 0.6
Citterio Giuseppe Citterio Salumificio SpA 3.4 3.3 3.3 3.2 3.3 −0.7
Rovagnati Rovagnati SpA 3.2 3.2 3.2 3.2 3.2 0.0
Fiorucci Sigma Alimentos SA de CV 2.0 1.9 1.9 1.9 1.8 −2.6
Casa Modena Grandi Salumifici Italiani SpA 1.8 1.7 1.7 1.7 1.7 −1.4
Parmacotto Parmacotto SpA 1.6 1.7 1.6 1.6 1.6 0.0

Source: Euromonitor,2024

*CAGR: Compound Annual Growth Rate

Opportunities for Canada

Trade relations

Canada and Italy have a strong commercial relationship. The relationship's greatest potential lies in two-way investment as well as in innovation and technology-based partnerships. Canada-Italy trade is underpinned by the Canada-European Union Comprehensive Economic and Trade Agreement (CETA), which has been provisionally applied since September 21, 2017.

In 2023, two-way goods and services trade between Canada and Italy totaled $15.3 billion. Cereals, pharmaceutical products, and aircraft and parts rank among the top 3 products Canada exported to Italy in 2023.

Related links

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ben.berry@agr.gc.ca

Resources

Sector Trend Analysis – Meat trends in Italy
Global Analysis Report

Prepared by: Hongli Wang, Market Analyst

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