Market Size of north america processed pork meat Industry
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 5.56 Billion |
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Market Size (2029) | USD 6.32 Billion |
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Largest Share by Distribution Channel | On-Trade |
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CAGR (2024 - 2029) | 2.58 % |
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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 Pork Meat Market Analysis
The North America Processed Pork Meat Market size is estimated at 5.56 billion USD in 2024, and is expected to reach 6.32 billion USD by 2029, growing at a CAGR of 2.58% during the forecast period (2024-2029).
5.56 Billion
Market Size in 2024 (USD)
6.32 Billion
Market Size in 2029 (USD)
4.88 %
CAGR (2017-2023)
2.58 %
CAGR (2024-2029)
Largest Segment by Distribution Channel
53.93 %
value share, On-Trade, 2023
The widened choice for on-the-go foodservice among consumers in the region with a preference for low-priced processed meat, in particular, is driving the segmental growth.
Largest Segment by Country
88.63 %
value share, United States, 2023
Higher purchasing power, consumers' consumption patterns, and changing lifestyles are some of the major factors driving the market for processed pork in the United States.
Fastest-growing Segment by Distribution Channel
3.34 %
Projected CAGR, Off-Trade, 2024-2029
The purchases through online channels, supermarkets, and hypermarkets are driving the off-trade segmental growth, with innovations in delivery and self-checkouts.
Fastest-growing Segment by Country
3.30 %
Projected CAGR, Mexico, 2024-2029
The rising pig herd population is driving the pork processing industry in the country, with the country trying to rely on domestic production rather than imports.
Leading Market Player
19.24 %
market share, Tyson Foods Inc., 2022
The company's wide range of product offerings, along with the expanding pork manufacturing units, is supporting the company's growth in the processed pork segment.
Advanced technologies in retail channels are propelling the market’s growth
- On-trade sales of processed pork meat dominated the market in North America in 2022. Foodservice sales for processed pork meat recalibrated to higher levels due to pork's high per capita consumption. On average, Americans spent around USD 2,994 on food away from home, such as at restaurants, in 2022. The share of food away from home increased to 58% in 2022 compared to 46% compared to the previous year. This could be primarily attributed to the increased awareness among consumers looking for nutritional menus and the growing interest in locally sourced meat.
- The off-trade channel is projected to be the fastest-growing distribution channel, registering a CAGR of 3.37% during the forecast period (2023-2029). This increase can be attributed to the rising demand for processed pork products, which are widely accessible in supermarkets, hypermarkets, convenience stores, and online retailers. Free checkout and the availability of more authentic processed pork meat products with clean labels in supermarkets are expected to increase the overall demand through the off-trade channel segment.
- The advancements in technology are also driving sales through restaurant channels. For instance, as of 2022, around 90% of restaurants were focused on increasing kitchen automation technology, boosting the sales of food away from home. Moreover, the rise in online delivery channels over the past three years and the rapid usage of social media have boosted the exposure of product availability in the region. For instance, in the United States, online grocery customers prefer click-and-collect services over home delivery. In 2021, customers viewed around 4.4 times more products, including meat products, and spent six times more on online sites.
Expansions by the market players increase the availability of products, thus fueling the sales
- Processed pork sales increased in North America, registering a CAGR of 2.59% by value during the forecast period (2023-2029). Companies are investing in product expansions within the processed pork meat market. For instance, Hormel Foods Corporation, Tyson Foods Inc., and Conagra Brands Incorporated are innovating products and offering a wide range of processed pork like sausages, bacon, and turkey through supermarkets and online stores. Furthermore, the processing of pork products has extended the product's shelf life as consumers have adopted a stockpiling nature, which, in turn, increased the per capita consumption to 23.68 kg per capita as of 2022, further boosting the sales.
- The United States holds the major share of the processed pork meat market in the North American region. During 2020-2022, the processed pork meat market registered a growth of 7.3% by value. There was robust demand for pork, and the increase in demand led to a trade surplus in 2020. Pork exports in 2020 were sevenfold higher than pork imports, increasing by more than 15%. The United States is the third-largest pork producer in the world.
- Mexico holds the second-largest share in the North American processed pork meat market after the United States. It is anticipated to register a CAGR of about 3.33% by value during the forecast period. Pork production in the country is growing due to the increased demand in domestic retail and export opportunities to China, Japan, and South Korea. From 2019 to 2022, demand for pork meat in Mexico increased due to the escalation of adverse macroeconomic conditions and the shift of retail consumers from beef to pork since the latter is a cheaper animal protein.
North America Processed Pork Meat Industry Segmentation North America Processed Pork Meat Industry Segmentation
Off-Trade, On-Trade are covered as segments by Distribution Channel. Canada, Mexico, United States are covered as segments by Country.
- On-trade sales of processed pork meat dominated the market in North America in 2022. Foodservice sales for processed pork meat recalibrated to higher levels due to pork's high per capita consumption. On average, Americans spent around USD 2,994 on food away from home, such as at restaurants, in 2022. The share of food away from home increased to 58% in 2022 compared to 46% compared to the previous year. This could be primarily attributed to the increased awareness among consumers looking for nutritional menus and the growing interest in locally sourced meat.
- The off-trade channel is projected to be the fastest-growing distribution channel, registering a CAGR of 3.37% during the forecast period (2023-2029). This increase can be attributed to the rising demand for processed pork products, which are widely accessible in supermarkets, hypermarkets, convenience stores, and online retailers. Free checkout and the availability of more authentic processed pork meat products with clean labels in supermarkets are expected to increase the overall demand through the off-trade channel segment.
- The advancements in technology are also driving sales through restaurant channels. For instance, as of 2022, around 90% of restaurants were focused on increasing kitchen automation technology, boosting the sales of food away from home. Moreover, the rise in online delivery channels over the past three years and the rapid usage of social media have boosted the exposure of product availability in the region. For instance, in the United States, online grocery customers prefer click-and-collect services over home delivery. In 2021, customers viewed around 4.4 times more products, including meat products, and spent six times more on online sites.
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North America Processed Pork Meat Market Size Summary
The North America processed pork meat market is experiencing steady growth, driven by increasing consumer demand and evolving distribution channels. The market is characterized by a significant shift towards on-trade sales, with foodservice channels benefiting from high per capita consumption of pork. This trend is supported by advancements in kitchen automation and the rise of online delivery services, which have enhanced the visibility and accessibility of processed pork products. The off-trade channel is anticipated to be the fastest-growing segment, fueled by the availability of processed pork in supermarkets, hypermarkets, and online retailers, offering consumers more authentic products with clean labels. Companies like Hormel Foods, Tyson Foods, and Conagra Brands are actively expanding their product offerings, including sausages and bacon, to cater to the growing demand.
The United States dominates the North American processed pork meat market, with robust production and export activities. The country is a leading pork producer, with significant contributions from states like Iowa. Mexico holds the second-largest market share, benefiting from increased domestic demand and export opportunities to countries like China and Japan. The pork industry in Canada also plays a crucial role, with a substantial number of farms contributing to the regional supply. Despite challenges such as inflation and a shortage of pigs, the market remains moderately consolidated, with major players like JBS SA, Marfrig Global Foods, and Sysco Corporation leading the industry. The market's growth is further supported by strategic expansions and product innovations, ensuring a competitive landscape in the coming years.
North America Processed Pork Meat Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
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1.1 Distribution Channel
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1.1.1 Off-Trade
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1.1.1.1 Convenience Stores
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1.1.1.2 Online Channel
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1.1.1.3 Supermarkets and Hypermarkets
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1.1.1.4 Others
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1.1.2 On-Trade
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1.2 Country
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1.2.1 Canada
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1.2.2 Mexico
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1.2.3 United States
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1.2.4 Rest of North America
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North America Processed Pork Meat Market Size FAQs
How big is the North America Processed Pork Meat Market?
The North America Processed Pork Meat Market size is expected to reach USD 5.56 billion in 2024 and grow at a CAGR of 2.58% to reach USD 6.32 billion by 2029.
What is the current North America Processed Pork Meat Market size?
In 2024, the North America Processed Pork Meat Market size is expected to reach USD 5.56 billion.
