North America Processed Meat Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 15.18 Billion |
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Market Size (2029) | USD 17.06 Billion |
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Largest Share by Type | Poultry |
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CAGR (2024 - 2029) | 2.36 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Processed Meat Market Analysis
The North America Processed Meat Market size is estimated at 15.18 billion USD in 2024, and is expected to reach 17.06 billion USD by 2029, growing at a CAGR of 2.36% during the forecast period (2024-2029).
15.18 Billion
Market Size in 2024 (USD)
17.06 Billion
Market Size in 2029 (USD)
5.44 %
CAGR (2017-2023)
2.36 %
CAGR (2024-2029)
Largest Segment by Type
46.90 %
value share, Poultry, 2023
Products such as nuggets, sausages, and deli meats have boosted the demand for processed poultry items in the North American region as they are majorly consumed for breakfast and lunch.
Largest Segment by Country
68.81 %
value share, United States, 2023
Higher purchasing power and busy schedules of the consumers and the high rate of production due to feed availability are some of the major factors driving the US market.
Fastest-growing Segment by Type
3.63 %
Projected CAGR, Mutton, 2024-2029
Demand for processed mutton and frozen lamb products is increasing particularly among Americans, these meats have become popular,among adults demographic in the region.
Fastest-growing Segment by Country
2.53 %
Projected CAGR, Mexico, 2024-2029
The Mexican market is led by the increasing demand for processed beef and mutton. The booming online distribution offering these products is expected to drive the market.
Leading Market Player
35.15 %
market share, Tyson Foods Inc., 2022
An extensive range of product offerings that include processed meat and the brand-conscious consumers of the country support Tyson's domination over the market studied.
Government investment in increasing processed meat production is propelling sales
- The overall sales for processed meat increased by 9.4% in value terms from 2020 to 2022. Companies are innovating their products to gain consumers' interest. They are also expanding the supply of meat products in the market for items like sausages, salami, hot dogs, ham, bacon, and corned beef, which are frequently preserved to maintain quality.
- The other meat segment of the North American processed meat market includes lobsters, crabs, and oysters. It witnessed a growth of 7.3% in value from 2020 to 2022. With the increasing demand for quick-to-eat meals and the growing meat manufacturing industry, the market is projected to expand in the coming years. For instance, in Cuba, the on-trade channel records high sales of lobsters, as the channel offers a buy 1 get 1 scheme for lobster dishes. The increasing number of tourists, especially in Havana, is boosting the channel.
- The processed beef segment held the largest revenue share of 21.9% in 2022, owing to the increasing consumption of processed beef meat, at 26.27 kg/capita, in 2022. Over the forecast period, the market's growth is likely to be driven by organic feed used by farmers. Increased consumer disposable income and the number of working professionals, which increased by 34% in 2021, have driven the market.
- In July 2021, the USDA announced its intent to invest USD 500 million in the American Rescue Plan's funds to expand the capacities of processed meat and poultry. With this investment, the market is likely to observe a constant Y-o-Y growth rate of 2% during the forecast period of 2023-2029. The USDA also issued new rules on "Product of the USA” labels, which may further drive the processed meat market.
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Investments in processing facilities to favor the growth
- In North America, the overall sales by value for processed meat increased by 8.91% from 2020 to 2022. There is an increasing demand for ready-to-eat or ready-to-cook meat among consumers across the region, owing to their busy lifestyles. Factors such as long shelf life and hygienically processed and stored meat are boosting the growth of the North American processed meat market.
- The United States is a major country that consumes processed meat in North America. The overall sales value for processed meat increased by 3.42% in 2022 compared to 2021. Of all processed meat, processed poultry is the most consumed in the United States and accounts for the major share of 47.6%, followed by processed pork with 36.54% by value in 2022. Processed meat has wide availability in supermarkets, convenience stores, departmental stores, and vending machines, further driving the market's growth in the United States.
- Mexico is expected to be the fastest-growing country in North America to consume processed meat and is projected to register a CAGR of 2.54% by value during the forecast period. Mexicans usually prefer to consume processed meat, especially poultry. Due to this, Mexican animal health authorities are keen to gain recognition of avian influenza disease-free zones in the future, which is expected to drive the market's growth.
- Moreover, government bodies in the United States are investing in processing facilities to benefit American farmers. For instance, in July 2021, USDA invested USD 500 million in meat and poultry processing facilities to increase capacity and make agricultural markets more accessible. It also announced more than USD 150 million for the existing small processing facilities to compete in the market and increase the consumer base.
North America Processed Meat Market Trends
Growing demand and reduced imports are boosting production
- The beef market was highly impacted by increased production costs during the historical period. The rise in production cost was primarily because of the dry conditions. However, beef production in the region was up by 0.56% in 2022 compared to 2021. Drought in locations throughout western North America during the past few years negatively impacted the region's production. Due to difficulty in locating enough food for their animals, farmers who rear cattle are losing money in regions ranging from western Canada to the states of northern Mexico. Some farmers buy feed for their livestock from other parts of North America.
- Canada is the second-largest beef producer in North America after the United States. The production share of Canada and the United States in 2022 was 5.46% and 50.15%, respectively. Despite a dwindling cow herd, live cattle imports positively affect Canadian meat production. In 2022, moisture levels were likely to be a crucial aspect in monitoring the trading of cattle. More cattle may be moved north if the drought subsides in Canada but continues in the United States. The declining cow herd and a smaller calf yield in Canada and the United States are resulting in long-term and tighter beef supplies in North America. On January 1, 2022, in Canada, beef cow inventories were down by 1% for the fifth consecutive year to 3.5 million heads. In Canada, 61% of farms have less than 47 cows, with 596,419 beef cows, 16% of the herd. All cattle and calves in the United States as of January 1, 2023, totaled 89.3 million heads, 3% below the 92.1 million heads on January 1, 2022. In addition to having the world's largest-fed cattle industry, the United States is also the world's largest consumer of beef, primarily high-value, grain-fed beef.
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Rising retail demand boosted the need for wholesale beef and drove market growth
- The rising retail demand has boosted the need for wholesale beef in recent years, which led to higher beef prices. Since 2021, retail beef prices have been largely stable, and the 12-month moving average of monthly prices has exceeded USD 7.25 USD per pound since April 2022. Given the record beef production in 2022 and the greatest per-capita beef consumption since 2010, at 58.9 pounds, this suggests a strong beef demand. Retail prices for all fresh beef averaged USD 7.30 per pound in 2022, which was a record-high price and an increase of 5.1% above prices in 2021. Tenderloins and ribeyes are up 12% to 15% Y-o-Year-over-year, and middle meat prices continue to dominate wholesale prices.
- Like retail prices, wholesale boxed beef prices have fluctuated within a small range for most of 2022. Since March, Choice boxed beef has had an average price of USD 261.77/cwt, with a weekly high and minimum of 272.48/cwt and USD 246.31/cwt, respectively, for a range of USD 26.17/cwt. Following very strong wholesale demand, Choice boxed beef prices averaged USD 279.81/cwt in 2021, with weekly maximums of USD 347.02/cwt, weekly minimums of USD 206.73/cwt, and annual ranges of USD 140.29/cwt.
- However, processing plants struggled with labor shortages that continued during the pandemic and in 2021, limiting their ability to process meat at the same rate as before the outbreak. This decline in production was due to the increasing demand for beef from consumers and restaurants, thus boosting the prices. The regional labor shortage continued in 2021, with a labor force participation rate of 61.6% in September 2021, down from 63.4% in January 2020.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The declining inventory of mutton is boosting the prices
- Rising feed prices are influencing the market
- Initiatives taken by the government to prevent the spread of diseases will propel the production
- Lower rate of production leading to supply shortage is leading to price spikes
- Texas and California account for the largest sheep and goat production in the region
- Growing demand from domestic and foreign markets is expected to boost regional production
North America Processed Meat Industry Overview
The North America Processed Meat Market is fairly consolidated, with the top five companies occupying 78.57%. The major players in this market are Hormel Foods Corporation, Marfrig Global Foods S.A., Sysco Corporation, Tyson Foods Inc. and WH Group Limited (sorted alphabetically).
North America Processed Meat Market Leaders
Hormel Foods Corporation
Marfrig Global Foods S.A.
Sysco Corporation
Tyson Foods Inc.
WH Group Limited
Other important companies include BRF S.A., Continental Grain Company, Industrias Bachoco SA de CV, JBS SA, Maple Leaf Foods, OSI Group.
*Disclaimer: Major Players sorted in alphabetical order.
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North America Processed Meat Market News
- May 2023: Tyson Foods Claryville announced its newly expanded cocktail sausage manufacturing capacity, allowing the company to meet high customer demand for its Hillshire Farm brand products. This USD 83 million expansion will add 15,000 square feet to its 342,000 square foot facility and state-of-the-art equipment to increase production by 50% to better serve customers.
- April 2023: The makers of the HERDEZ® brand announced the launch of its HERDEZ™ Mexican Refrigerated Entrées line with two delicious varieties, including HERDEZ™ Chicken Shredded in Mild Chipotle Sauce and HERDEZ™ Carnitas Slow Cooked Pork.
- March 2023: Tyson® brand introduces chicken sandwiches and sliders, bringing restaurant-quality taste to home. The new Tyson Chicken Breast Sandwiches and Sliders are available in Original and Spicy. The new product is available in the frozen snacks section at retailers nationwide.
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We offer a comprehensive and exhaustive set of data pointers. These cover global, regional, and country-level metrics that illustrate the fundamentals of the meat and meat substitutes industry. Clients can access in-depth market analysis through 45+ free charts. This analysis is based on the production of various meat and seafood types, as well as the prices of meat, meat substitutes, and different seafood types. We provide granular-level segmental information, supported by a repository of market data, trends, and expert analysis. Data and analysis on meat types, seafood types, meat substitute types, forms, distribution channels, and more are available. These are provided in the form of comprehensive reports as well as Excel-based data worksheets.
North America Processed Meat Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. INTRODUCTION
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
3. KEY INDUSTRY TRENDS
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3.1 Price Trends
- 3.1.1 Beef
- 3.1.2 Mutton
- 3.1.3 Pork
- 3.1.4 Poultry
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3.2 Production Trends
- 3.2.1 Beef
- 3.2.2 Mutton
- 3.2.3 Pork
- 3.2.4 Poultry
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3.3 Regulatory Framework
- 3.3.1 Canada
- 3.3.2 Mexico
- 3.3.3 United States
- 3.4 Value Chain & Distribution Channel Analysis
4. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
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4.1 Type
- 4.1.1 Beef
- 4.1.2 Mutton
- 4.1.3 Pork
- 4.1.4 Poultry
- 4.1.5 Other Meat
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4.2 Distribution Channel
- 4.2.1 Off-Trade
- 4.2.1.1 Convenience Stores
- 4.2.1.2 Online Channel
- 4.2.1.3 Supermarkets and Hypermarkets
- 4.2.1.4 Others
- 4.2.2 On-Trade
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4.3 Country
- 4.3.1 Canada
- 4.3.2 Mexico
- 4.3.3 United States
- 4.3.4 Rest of North America
5. COMPETITIVE LANDSCAPE
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Landscape
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5.4 Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
- 5.4.1 BRF S.A.
- 5.4.2 Continental Grain Company
- 5.4.3 Hormel Foods Corporation
- 5.4.4 Industrias Bachoco SA de CV
- 5.4.5 JBS SA
- 5.4.6 Maple Leaf Foods
- 5.4.7 Marfrig Global Foods S.A.
- 5.4.8 OSI Group
- 5.4.9 Sysco Corporation
- 5.4.10 Tyson Foods Inc.
- 5.4.11 WH Group Limited
6. KEY STRATEGIC QUESTIONS FOR MEAT INDUSTRY CEOS
7. APPENDIX
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7.1 Global Overview
- 7.1.1 Overview
- 7.1.2 Porter’s Five Forces Framework
- 7.1.3 Global Value Chain Analysis
- 7.1.4 Market Dynamics (DROs)
- 7.2 Sources & References
- 7.3 List of Tables & Figures
- 7.4 Primary Insights
- 7.5 Data Pack
- 7.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- BEEF PRICE PER METRIC TON, USD, NORTH AMERICA, 2017 - 2023
- Figure 2:
- MUTTON PRICE PER METRIC TON, USD, NORTH AMERICA, 2017 - 2023
- Figure 3:
- PORK PRICE PER METRIC TON, USD, NORTH AMERICA, 2017 - 2023
- Figure 4:
- POULTRY PRICE PER METRIC TON, USD, NORTH AMERICA, 2017 - 2023
- Figure 5:
- BEEF PRODUCTION, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 6:
- MUTTON PRODUCTION, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 7:
- PORK PRODUCTION, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 8:
- POULTRY PRODUCTION, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 9:
- VOLUME OF PROCESSED MEAT MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 10:
- VALUE OF PROCESSED MEAT MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 11:
- VOLUME OF PROCESSED MEAT MARKET BY TYPE, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 12:
- VALUE OF PROCESSED MEAT MARKET BY TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 13:
- VOLUME SHARE OF PROCESSED MEAT MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 14:
- VALUE SHARE OF PROCESSED MEAT MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 15:
- VOLUME OF PROCESSED BEEF MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 16:
- VALUE OF PROCESSED BEEF MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 17:
- VALUE SHARE OF PROCESSED BEEF MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2022 VS 2029
- Figure 18:
- VOLUME OF PROCESSED MUTTON MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 19:
- VALUE OF PROCESSED MUTTON MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 20:
- VALUE SHARE OF PROCESSED MUTTON MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2022 VS 2029
- Figure 21:
- VOLUME OF PROCESSED PORK MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 22:
- VALUE OF PROCESSED PORK MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 23:
- VALUE SHARE OF PROCESSED PORK MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2022 VS 2029
- Figure 24:
- VOLUME OF PROCESSED POULTRY MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 25:
- VALUE OF PROCESSED POULTRY MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 26:
- VALUE SHARE OF PROCESSED POULTRY MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2022 VS 2029
- Figure 27:
- VOLUME OF PROCESSED OTHER MEAT MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 28:
- VALUE OF PROCESSED OTHER MEAT MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 29:
- VALUE SHARE OF PROCESSED OTHER MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2022 VS 2029
- Figure 30:
- VOLUME OF PROCESSED MEAT MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 31:
- VALUE OF PROCESSED MEAT MARKET BY DISTRIBUTION CHANNEL, USD, NORTH AMERICA, 2017 - 2029
- Figure 32:
- VOLUME SHARE OF PROCESSED MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 33:
- VALUE SHARE OF PROCESSED MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 34:
- VOLUME OF PROCESSED MEAT MARKET SOLD VIA OFF-TRADE, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 35:
- VALUE OF PROCESSED MEAT MARKET SOLD VIA OFF-TRADE, USD, NORTH AMERICA, 2017 - 2029
- Figure 36:
- VOLUME OF PROCESSED MEAT MARKET SOLD VIA OFF-TRADE CHANNELS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 37:
- VALUE OF PROCESSED MEAT MARKET SOLD VIA OFF-TRADE CHANNELS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 38:
- VOLUME OF PROCESSED MEAT MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 39:
- VALUE OF PROCESSED MEAT MARKET SOLD VIA CONVENIENCE STORES, USD, NORTH AMERICA, 2017 - 2029
- Figure 40:
- VALUE SHARE OF PROCESSED MEAT MARKET SOLD VIA CONVENIENCE STORES SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 41:
- VOLUME OF PROCESSED MEAT MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 42:
- VALUE OF PROCESSED MEAT MARKET SOLD VIA ONLINE CHANNEL, USD, NORTH AMERICA, 2017 - 2029
- Figure 43:
- VALUE SHARE OF PROCESSED MEAT MARKET SOLD VIA ONLINE CHANNEL SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 44:
- VOLUME OF PROCESSED MEAT MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 45:
- VALUE OF PROCESSED MEAT MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, NORTH AMERICA, 2017 - 2029
- Figure 46:
- VALUE SHARE OF PROCESSED MEAT MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 47:
- VOLUME OF PROCESSED MEAT MARKET SOLD VIA OTHERS, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 48:
- VALUE OF PROCESSED MEAT MARKET SOLD VIA OTHERS, USD, NORTH AMERICA, 2017 - 2029
- Figure 49:
- VALUE SHARE OF PROCESSED MEAT MARKET SOLD VIA OTHERS SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 50:
- VOLUME OF PROCESSED MEAT MARKET SOLD VIA ON-TRADE, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 51:
- VALUE OF PROCESSED MEAT MARKET SOLD VIA ON-TRADE, USD, NORTH AMERICA, 2017 - 2029
- Figure 52:
- VOLUME OF PROCESSED MEAT MARKET BY COUNTRY, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 53:
- VALUE OF PROCESSED MEAT MARKET BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 54:
- VOLUME SHARE OF PROCESSED MEAT MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 55:
- VALUE SHARE OF PROCESSED MEAT MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 56:
- VOLUME OF PROCESSED MEAT MARKET, METRIC TONS, CANADA, 2017 - 2029
- Figure 57:
- VALUE OF PROCESSED MEAT MARKET, USD, CANADA, 2017 - 2029
- Figure 58:
- VALUE SHARE OF PROCESSED MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, CANADA, 2022 VS 2029
- Figure 59:
- VOLUME OF PROCESSED MEAT MARKET, METRIC TONS, MEXICO, 2017 - 2029
- Figure 60:
- VALUE OF PROCESSED MEAT MARKET, USD, MEXICO, 2017 - 2029
- Figure 61:
- VALUE SHARE OF PROCESSED MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MEXICO, 2022 VS 2029
- Figure 62:
- VOLUME OF PROCESSED MEAT MARKET, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 63:
- VALUE OF PROCESSED MEAT MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 64:
- VALUE SHARE OF PROCESSED MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2022 VS 2029
- Figure 65:
- VOLUME OF PROCESSED MEAT MARKET, METRIC TONS, REST OF NORTH AMERICA, 2017 - 2029
- Figure 66:
- VALUE OF PROCESSED MEAT MARKET, USD, REST OF NORTH AMERICA, 2017 - 2029
- Figure 67:
- VALUE SHARE OF PROCESSED MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF NORTH AMERICA, 2022 VS 2029
- Figure 68:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NORTH AMERICA, 2020 - 2023
- Figure 69:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2020 - 2023
- Figure 70:
- VALUE SHARE OF MAJOR PLAYERS, %, NORTH AMERICA, 2022
North America Processed Meat Industry Segmentation
Beef, Mutton, Pork, Poultry are covered as segments by Type. Off-Trade, On-Trade are covered as segments by Distribution Channel. Canada, Mexico, United States are covered as segments by Country.
- The overall sales for processed meat increased by 9.4% in value terms from 2020 to 2022. Companies are innovating their products to gain consumers' interest. They are also expanding the supply of meat products in the market for items like sausages, salami, hot dogs, ham, bacon, and corned beef, which are frequently preserved to maintain quality.
- The other meat segment of the North American processed meat market includes lobsters, crabs, and oysters. It witnessed a growth of 7.3% in value from 2020 to 2022. With the increasing demand for quick-to-eat meals and the growing meat manufacturing industry, the market is projected to expand in the coming years. For instance, in Cuba, the on-trade channel records high sales of lobsters, as the channel offers a buy 1 get 1 scheme for lobster dishes. The increasing number of tourists, especially in Havana, is boosting the channel.
- The processed beef segment held the largest revenue share of 21.9% in 2022, owing to the increasing consumption of processed beef meat, at 26.27 kg/capita, in 2022. Over the forecast period, the market's growth is likely to be driven by organic feed used by farmers. Increased consumer disposable income and the number of working professionals, which increased by 34% in 2021, have driven the market.
- In July 2021, the USDA announced its intent to invest USD 500 million in the American Rescue Plan's funds to expand the capacities of processed meat and poultry. With this investment, the market is likely to observe a constant Y-o-Y growth rate of 2% during the forecast period of 2023-2029. The USDA also issued new rules on "Product of the USA” labels, which may further drive the processed meat market.
| Type | Beef | |
| Mutton | ||
| Pork | ||
| Poultry | ||
| Other Meat | ||
| Distribution Channel | Off-Trade | Convenience Stores |
| Online Channel | ||
| Supermarkets and Hypermarkets | ||
| Others | ||
| Distribution Channel | On-Trade | |
| Country | Canada | |
| Mexico | ||
| United States | ||
| Rest of North America |
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Market Definition
- Meat - Meat is defined as the flesh or other edible parts of an animal used for food. The end use of the meat industry consists of only human consumption. Meat is generally purchased from retail outlets for home cooking and consumption. For the market studied, only uncooked meat has been considered. This could be processed in various forms, which have been covered under the “Processed” form. The other purchases of meat happen through the consumption of meat at foodservice outlets (restaurants, hotels, catering, etc.).
- Other Meats - The other meat segment includes the meat of camel, horse, rabbit, etc. These are not so commonly consumed meat types but still, have a presence in distinct parts of the world. Regardless of it being part of red meat, we have considered these meat types separately for a better understanding of the market.
- Poultry Meat - Poultry meat also called white meat, comes from birds raised commercially or domestically for human consumption. This includes chicken, turkey, ducks, and geese.
- Red Meat - Red meat typically has a red color when raw and a dark color when cooked. It includes any meat that comes from mammals, such as beef, lamb, pork, goat, veal, and mutton.
| Keyword | Definition |
|---|---|
| A5 | It is a Japanese grading system for beef. The 'A' means the carcass yield is the highest possible and the numeric rating relates to beef marbling, color and brightness of the flesh, its texture and color, luster, and fat quality. A5 is the highest mark wagyu beef can score. |
| Abbatoir | It is another name for a slaughterhouse and refers to the premise used for or in connection with the slaughter of animals whose meat is intended for human consumption. |
| Acute Hepatopancreatic Necrosis Disease (AHPND) | It is a disease that affects shrimp and is characterized by high mortalities, in many cases reaching 100% within 30-35 days of stocking grow-out ponds. |
| African Swine Fever (ASF) | It is a highly contagious viral disease of pigs caused by a double-stranded DNA virus in the Asfarviridae family. |
| Albacore Tuna | It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea. |
| Angus beef | It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark |
| Bacon | It is salted or smoked meat that comes from the back or sides of a pig |
| Black Angus | It is beef derived from a black-hided breed of cows that don't have horns. |
| Bologna | It is an Italian smoked sausage made of meat, typically large and made from pork, beef or veal. |
| Bovine spongiform encephalopathy (BSE) | It is a progressive neurological disorder of cattle that results from infection by an unusual transmissible agent called a prion. |
| Bratwurst | It refers to a type of German sausage made from pork, beef or veal. |
| BRC | British Retail Consortium |
| Brisket | It is a cut of meat from the breast or lower chest of beef or veal. The beef brisket is one of the nine beef primal cuts. |
| Broiler | It refers to any chicken (Gallus domesticus) that is bred and raised specifically for meat production. |
| Bushel | It is a unit of measurement for grains and pulses. 1 bushel = 27.216 kg |
| Carcass | It refers to the dressed body of a meat animal from which butchers trim the meat |
| CFIA | Canadian Food Inspection Agency |
| Chicken Tender | It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird. |
| Chuck Steak | It refers to a cut of beef that is part of the chuck primal, which is a large section of meat from the shoulder area of a cow |
| Corned Beef | It refers to beef brisket cured in brine and boiled, typically served cold. |
| CWT | Also known as a hundredweight, it is a unit of measurement used to define the quantity of meat. 1 CWT = 50.80 kg |
| Drumstick | It refers to a chicken leg without the thigh. |
| EFSA | European Food Safety Authority |
| ERS | Economic Research Service of the USDA |
| Ewe | It is an adult female sheep. |
| FDA | Food and Drug Administration |
| Fillet Mignon | It is a cut of meat taken from the smaller end of the tenderloin. |
| Flank Steak | It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Forage | It refers to animal feed. |
| Foreshank | It is the upper part of the foreleg of cattle |
| Franks | Also known as frankfurter or Würstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Gizzard | It refers to an organ found in the digestive tract of birds. It is also called the mechanical stomach of a bird. |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley |
| Grain-fed beef | It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grainfed cows can also be given antibiotics and growth hormones to fatten them up more quickly. |
| Grass-fed beef | It is beef derived from cattle that have only been fed grass as feed. |
| Ham | It refers to the pork meat taken from the leg of a pig. |
| HoReCa | Hotels, Restaurants and Cafes |
| Jerky | It is lean trimmed meat that has been cut into strips and dried (dehydrated) to prevent spoilage. |
| Kobe Beef | It is Wagyu beef specifically from the Kuroge Washu breed of cows in Japan. To be classified as Kobe beef, the cow must have been born, raised, and slaughtered within the Hyōgo prefecture in the city of Kobe in Japan. |
| Liverwurst | It is type of German sausage made from beef or pork liver. |
| Loin | It refers to the sides between the lower ribs and pelvis, and the lower part of the back of a cow. |
| Mortadella | It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat. |
| Pastrami | It refers to a highly seasoned smoked beef, typically served in thin slices. |
| Pepperoni | It is an American variety of spicy salami made from cured meat. |
| Plate | It refers to a forequarter cut from the belly of a cow, just below the rib cut. |
| Porcine reproductive and respiratory syndrome (PRRS) | It is a disease occurring in swine causing late-term reproductive failure and severe pneumonia in neonatal pigs. |
| Primal cuts | It refers to the major sections of the carcass. |
| Quorn | It is a meat substitute product prepared using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
| Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
| Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten |
| Retort Packaging | It is a process of aseptic packaging food in which food is filled into a pouch or metal can, sealed, and then heated to extremely high temperatures, rendering the product commercially sterile. |
| Round Steak | It refers to a beef steak from the the rear leg of the cow. |
| Rump Steak | It refers to a cut of beef derived from the division between the leg and the chine. |
| Salami | It is a cured sausage consisting of fermented and air-dried meat. |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Scallop | It is an edible shellfish that is a mollusk with a ribbed shell in two parts. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Self-service kios | It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service. |
| Sirloin | It is a cut of beef from the bottom and side parts of a cow's back. |
| Surimi | It is a paste made from deboned fish |
| Tenderloin | It refers to a cut of beef consisting of the entire tenderloin muscle of a cow |
| Tiger Shrimp | It refers to a large shrimp variety from the Indian and Pacific oceans |
| Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
| Vannamei shrimp | It refers to tropical prawns and shrimp that are farmed in areas near the equator, generally along the coast in artificial ponds. |
| Wagyu Bee | It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat. |
| Zoosanitary | It refers to the cleanliness of animals or animal product |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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