North America Edible Meat Market Size

The North America Edible Meat Market is experiencing growth, with the United States holding the largest market share, primarily driven by beef consumption. The market's expansion is supported by the increasing demand for processed beef products, despite challenges such as higher production costs for sheep and lamb. Poultry also represents a significant portion of the market, benefiting from its affordability. Mexico is witnessing growth in its market share due to rising meat consumption and increased US exports, while Canada shows slower growth attributed to its population dynamics.

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Market Size of north america edible meat Industry

North America Edible Meat Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 184.64 Billion
svg icon Market Size (2029) USD 196.66 Billion
svg icon Largest Share by Type Beef
svg icon CAGR (2024 - 2029) 1.27 %
svg icon Largest Share by Country United States

Major Players

North America Edible Meat Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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North America Edible Meat Market Analysis

The North America Edible Meat Market size is estimated at 184.64 billion USD in 2024, and is expected to reach 196.66 billion USD by 2029, growing at a CAGR of 1.27% during the forecast period (2024-2029).

184.64 Billion

Market Size in 2024 (USD)

196.66 Billion

Market Size in 2029 (USD)

4.94 %

CAGR (2017-2023)

1.27 %

CAGR (2024-2029)

Largest Segment by Type

41.94 %

value share, Beef, 2023

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The beef segment is dominated by the fresh/chilled form. However, the prevalence of convenient, quick-service and healthy eating is driving the demand for processed beef.

Largest Segment by Country

72.84 %

value share, United States, 2023

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Higher purchasing power, the inclusion of meat in all courses, and high productivity due to feed availability are some of the major factors driving the US market.

Fastest-growing Segment by Type

1.37 %

Projected CAGR, Beef, 2024-2029

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Product consistency, new product development, and surge in regional production are some of the major factors influencing the higher beef consumption in North America.

Fastest-growing Segment by Country

1.32 %

Projected CAGR, Mexico, 2024-2029

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In Mexico, consumers mainly prefer poultry meat as it is an affordable animal protein. The country is dependent on the imports of poultry from the United States and Brazil.

Leading Market Player

20.19 %

market share, Tyson Foods Inc., 2022

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Tyson dominates the market in the region with its extensive range of product offerings, including almost all types of meat, coupled with brand-conscious consumers.

Cost-effectiveness of poultry meat is attracting customers

  • The North American edible meat market is driven by beef, which had the highest growth rate by value in 2022, and it is expected to register a CAGR of 1.37% over the forecast period. In the country, demand for beef is extremely high, and in 2022, around USD 20.1 billion worth of beef was sold at retail markets, up 4.6% Y-o-Y. Luncheon meat, sausages, hot dogs, hams and bacon, and beef jerky are the most popular processed beef products consumed in the United States.
  • The decrease in sheep and lamb production has been accompanied by higher prices, which have been responsible for the greater production costs. Production is priced 15-20% higher than any other meat in the region in 2022. Shortages in supply and high prices diminished the consumption of sheep and lamb and prevented their growth.
  • Poultry meat held the second major share in the North American region in 2022 and is anticipated to register a CAGR of 1.15% by value during the forecast period. The United States has an extensive poultry industry, with more than 513 million poultry and over 216 million turkeys as of 2022.
  • In total, 9.17 billion broilers were produced in 2022, up slightly from 2021. Overall, the production of live-weight broilers in 2022 amounted to 58.9 billion pounds, up from 2021, a slight increase. Turkeys produced in 2022 were valued at USD 7.10 billion, up 21% from the previous year's figure of USD 5.89 billion. The affordability of chicken compared to other meat types makes it an attractive option for consumers, especially those who are looking for cost-effective protein sources. Cargill, Incorporated, Hormel Foods Corporation, Sysco Corporation, Tyson Foods Inc., and WH Group Limited are among the major players operating in the poultry market in the United States.
North America Edible Meat Market

Advanced technologies are driving the sales of beef

  • The United States held the major market share of edible meat during the review period, as the sales value increased by about 14.81% from 2019 to 2022. This increase was majorly due to the increased beef consumption in the United States. Beef accounted for about 68.86% of the market share in 2022 compared to other meat types. In 2022, beef consumption was estimated at 59.1 pounds, the highest since the last decade. Moreover, the beef industry is also increasingly utilizing data analytics and blockchain technology, using sensors to enhance traceability, transparency, and food safety.
  • Mexico held the second major share in the edible meat market in 2022. It is projected to record a CAGR of 1.57% during the forecast period (2023-2029) due to the steadily growing US exports to Mexico over the past few years. This increase in exports is boosted by the North American Free Trade Agreement (NAFTA) and Mexico's growing meat consumption. Mexico has the largest market, by volume, for US pork and poultry and the second-largest market for US beef exports. As pork imports and production increased in Mexico, people began preferring less expensive pork over beef.
  • Canada is experiencing a comparatively slower growth rate, registering a CAGR of 1.04% by value during the forecast period owing to the slow population growth. The production of pork accounts for about 70% of Canadian meat products, e.g., sausages and various types of chilled meat. Canada's meat processing facilities are involved in a large variety of meat products, which include fresh and frozen meat, beef preparations, smoked, cured, or prepared meats, sausages, and any cold meat.

North America Edible Meat Industry Segmentation

Beef, Mutton, Pork, Poultry are covered as segments by Type. Canned, Fresh / Chilled, Frozen, Processed are covered as segments by Form. Off-Trade, On-Trade are covered as segments by Distribution Channel. Canada, Mexico, United States are covered as segments by Country.

  • The North American edible meat market is driven by beef, which had the highest growth rate by value in 2022, and it is expected to register a CAGR of 1.37% over the forecast period. In the country, demand for beef is extremely high, and in 2022, around USD 20.1 billion worth of beef was sold at retail markets, up 4.6% Y-o-Y. Luncheon meat, sausages, hot dogs, hams and bacon, and beef jerky are the most popular processed beef products consumed in the United States.
  • The decrease in sheep and lamb production has been accompanied by higher prices, which have been responsible for the greater production costs. Production is priced 15-20% higher than any other meat in the region in 2022. Shortages in supply and high prices diminished the consumption of sheep and lamb and prevented their growth.
  • Poultry meat held the second major share in the North American region in 2022 and is anticipated to register a CAGR of 1.15% by value during the forecast period. The United States has an extensive poultry industry, with more than 513 million poultry and over 216 million turkeys as of 2022.
  • In total, 9.17 billion broilers were produced in 2022, up slightly from 2021. Overall, the production of live-weight broilers in 2022 amounted to 58.9 billion pounds, up from 2021, a slight increase. Turkeys produced in 2022 were valued at USD 7.10 billion, up 21% from the previous year's figure of USD 5.89 billion. The affordability of chicken compared to other meat types makes it an attractive option for consumers, especially those who are looking for cost-effective protein sources. Cargill, Incorporated, Hormel Foods Corporation, Sysco Corporation, Tyson Foods Inc., and WH Group Limited are among the major players operating in the poultry market in the United States.
Type
Beef
Mutton
Pork
Poultry
Other Meat
Form
Canned
Fresh / Chilled
Frozen
Processed
Distribution Channel
Off-Trade
Convenience Stores
Online Channel
Supermarkets and Hypermarkets
Others
On-Trade
Country
Canada
Mexico
United States
Rest of North America
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North America Edible Meat Market Size Summary

The North American edible meat market is experiencing steady growth, driven primarily by beef, which has shown the highest growth rate by value. The United States dominates this market, with significant beef consumption and a robust poultry industry. The affordability of chicken makes it a popular choice among consumers seeking cost-effective protein sources. Despite challenges such as labor shortages and increased production costs, the market remains moderately consolidated, with major players like Cargill, Hormel Foods, Sysco, Tyson Foods, and JBS SA leading the industry. The market's growth is also supported by technological advancements in the beef industry, including the use of data analytics and blockchain technology to enhance traceability and food safety.

Mexico and Canada are also key players in the North American edible meat market. Mexico's market is bolstered by growing US exports, facilitated by trade agreements like NAFTA, making it a significant market for US pork, poultry, and beef. In Canada, pork dominates the meat products sector, although the growth rate is slower due to factors like population growth and environmental conditions affecting beef production. The region faces challenges such as droughts impacting cattle farming, but live cattle imports and a diverse range of meat processing facilities help sustain the market. Overall, the North American edible meat market is poised for continued growth, with strategic acquisitions and sustainability initiatives shaping its future.

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North America Edible Meat Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Type

      1. 1.1.1 Beef

      2. 1.1.2 Mutton

      3. 1.1.3 Pork

      4. 1.1.4 Poultry

      5. 1.1.5 Other Meat

    2. 1.2 Form

      1. 1.2.1 Canned

      2. 1.2.2 Fresh / Chilled

      3. 1.2.3 Frozen

      4. 1.2.4 Processed

    3. 1.3 Distribution Channel

      1. 1.3.1 Off-Trade

        1. 1.3.1.1 Convenience Stores

        2. 1.3.1.2 Online Channel

        3. 1.3.1.3 Supermarkets and Hypermarkets

        4. 1.3.1.4 Others

      2. 1.3.2 On-Trade

    4. 1.4 Country

      1. 1.4.1 Canada

      2. 1.4.2 Mexico

      3. 1.4.3 United States

      4. 1.4.4 Rest of North America

North America Edible Meat Market Size FAQs

The North America Edible Meat Market size is expected to reach USD 184.64 billion in 2024 and grow at a CAGR of 1.27% to reach USD 196.66 billion by 2029.

In 2024, the North America Edible Meat Market size is expected to reach USD 184.64 billion.

North America Edible Meat Market Report Snapshots

North America Edible Meat Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029