North America Processed Meat Market Size

The North America processed meat market is experiencing growth driven by increasing consumer demand for ready-to-eat and ready-to-cook options, alongside innovations and expansions in product offerings. The market's expansion is supported by factors such as the use of organic feed, rising disposable incomes, and investments in processing facilities by government bodies. The United States and Mexico are key players in this market, with the former having a significant consumption of processed poultry and the latter showing rapid growth in processed meat consumption. The market's size and share are influenced by the availability of products in various retail channels and the strategic investments aimed at enhancing processing capacities.

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Market Size of north america processed meat Industry

North America Processed Meat Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 15.18 Billion
svg icon Market Size (2029) USD 17.06 Billion
svg icon Largest Share by Type Poultry
svg icon CAGR (2024 - 2029) 2.36 %
svg icon Largest Share by Country United States

Major Players

North America Processed Meat Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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

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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.
North America Processed Meat Market

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 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
On-Trade
Country
Canada
Mexico
United States
Rest of North America
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North America Processed Meat Market Size Summary

The North America processed meat market is experiencing a steady expansion, driven by increasing consumer demand for convenient and ready-to-eat meal options. This growth is supported by innovations in product offerings and the expansion of meat product supplies, including sausages, salami, hot dogs, ham, bacon, and corned beef. The market is also seeing a rise in the consumption of processed beef, which holds a significant revenue share, and the other meat segment, which includes lobsters, crabs, and oysters. The demand for processed meat is further bolstered by factors such as long shelf life, hygienic processing, and the busy lifestyles of consumers. The United States leads in processed meat consumption, with processed poultry being the most popular, while Mexico is projected to be the fastest-growing market in the region.

The market's growth trajectory is supported by investments from government bodies and the meat manufacturing industry's response to rising consumer demand. The USDA's financial commitment to expanding processing capacities and the introduction of new labeling rules are expected to contribute to the market's development. Despite challenges such as labor shortages and increased production costs, the market remains fairly consolidated, with major players like Hormel Foods Corporation, Marfrig Global Foods S.A., Sysco Corporation, Tyson Foods Inc., and WH Group Limited dominating the landscape. Recent expansions and product launches by these companies indicate a proactive approach to meeting consumer needs and enhancing production capabilities, ensuring the market's continued growth over the forecast period.

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North America Processed 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 Distribution Channel

      1. 1.2.1 Off-Trade

        1. 1.2.1.1 Convenience Stores

        2. 1.2.1.2 Online Channel

        3. 1.2.1.3 Supermarkets and Hypermarkets

        4. 1.2.1.4 Others

      2. 1.2.2 On-Trade

    3. 1.3 Country

      1. 1.3.1 Canada

      2. 1.3.2 Mexico

      3. 1.3.3 United States

      4. 1.3.4 Rest of North America

North America Processed Meat Market Size FAQs

The North America Processed Meat Market size is expected to reach USD 15.18 billion in 2024 and grow at a CAGR of 2.36% to reach USD 17.06 billion by 2029.

In 2024, the North America Processed Meat Market size is expected to reach USD 15.18 billion.

North America Processed Meat Market Report Snapshots

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