North America Red Meat Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 121.06 Billion |
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Market Size (2029) | USD 129.42 Billion |
|
Largest Share by Type | Beef |
|
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CAGR (2024 - 2029) | 1.35 % |
|
Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Red Meat Market Analysis
The North America Red Meat Market size is estimated at 121.06 billion USD in 2024, and is expected to reach 129.42 billion USD by 2029, growing at a CAGR of 1.35% during the forecast period (2024-2029).
121.06 Billion
Market Size in 2024 (USD)
129.42 Billion
Market Size in 2029 (USD)
5.23 %
CAGR (2017-2023)
1.35 %
CAGR (2024-2029)
Largest Segment by Type
64 %
value share, Beef, 2023
The market is observing growth due to the rising demand for grass-fed beef as it is leaner and has less fat. It is also marketed as a higher quality and premium product.
Largest Segment by Country
77.63 %
value share, United States, 2023
The US is ideal for raising livestock due to the presence of grasslands and abundant water. Distribution is much easier with processing plants spread across the country.
Fastest-growing Segment by Type
1.37 %
Projected CAGR, Beef, 2024-2029
The region has a well-managed and efficient livestock-rearing system, which enables the supply of beef to be easily available and moderately priced as compared with more traditional types of meat.
Fastest-growing Segment by Country
1.55 %
Projected CAGR, Mexico, 2024-2029
The country's improved meat practices, along with higher quality, safety, supply, and better accessibility, have contributed to the growth of the Mexican market.
Leading Market Player
19.32 %
market share, Tyson Foods Inc., 2022
Tyson offers beef and pork products under its extensive portfolio of brands, which includes Ball Park, Hillshire Snacking, Sara Lee, Bosco's, Galileo, and SteakEze.
Rising beef production in the region is driving the market growth
- The North American red meat market is driven by beef, which had the highest growth rate by value in 2022. It is expected to register a CAGR of 8.82% during the forecast period. Beef is a significant part of the traditional American diet. Popular dishes like hamburgers, steaks, and meatloaf often feature beef as the main ingredient. The efficient supply chain helps keep beef prices relatively affordable, contributing to its popularity. In 2022, beef observed the highest growth rate by value, registering 11.40% in the market from 2020.
- The decrease in sheep and lamb production was accompanied by higher prices, which were responsible for the greater production costs. Their production costs were 20% more than any other meat in the region in 2022. A shortage in supply and high prices declined the consumption of sheep and lamb and prevented their growth.
- Pork is the fastest-growing meat type in North America, and it is expected to reach a CAGR of 0.85% by value during the forecast period. Pork consumption remains relatively steady, with fluctuations occurring due to price changes associated with supply. The dominance of processed pork indicates that processors play an important role in this sector, and many fresh pork packers are likely to be involved in manufacturing processed pork.
- Among California, Florida, New Jersey, New York, and Texas, Texans spent the most on beef products, amounting to a 26-28% share during 2019-2021. This was driven by higher beef production in the state. The cattle industry offers more than USD 13 billion annually to the Texan economy. Hamburger consumption in Nevada is higher than in most other states, with 267 per capita consumption.
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Red meat consumption in the region is showing stagnant growth
- The United States held the major market share of red meat during the review period, as the sales value increased by about 38.35% from 2017 to 2022. This increase was majorly due to the increased beef consumption in the United States. Beef accounted for about 68% of the market share in 2022 by value in the United States. Beef is deeply rooted in American culture, and it is one of the most well-known symbols of wealth. Beef producers in the country are very technology-driven, utilizing techniques like 3D printing and sensors to improve beef production, thus increasing productivity.
- Mexico is the fastest-growing country in North America. 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 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, changing consumer preferences, and an aging demography. On-trade is the major distribution channel in the country, accounting for 58.66% by value of the market share in 2022. Menu choices are highly influenced by characteristics such as grass-fed, all-natural, hormone-free, and antibiotic-free among affluent consumers. Beef remains a popular protein as operators seek higher-value cuts and customers seek healthier eating options.
North America Red 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
- Texas and California account for the largest sheep and goat production in the region
- Lower rate of production leading to supply shortage is leading to price spikes
- Initiatives taken by the government to prevent the spread of diseases will propel the production
North America Red Meat Industry Overview
The North America Red Meat Market is moderately consolidated, with the top five companies occupying 46.39%. The major players in this market are Cargill Inc., Hormel Foods Corporation, Marfrig Global Foods S.A., Sysco Corporation and Tyson Foods Inc. (sorted alphabetically).
North America Red Meat Market Leaders
Cargill Inc.
Hormel Foods Corporation
Marfrig Global Foods S.A.
Sysco Corporation
Tyson Foods Inc.
Other important companies include Conagra Brands Inc., JBS SA, NH Foods Ltd, OSI Group, Perdue Farms Inc., The Clemens Family Corporation, The Kraft Heinz Company, Vion Group, WH Group Limited.
*Disclaimer: Major Players sorted in alphabetical order.
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North America Red Meat Market News
- April 2023: Swift Prepared Food, a subsidiary of JBS USA, launched Principe Foods, which produces high-quality Italian meats and charcuterie.
- December 2022: JBS has acquired “certain assets” from US-based pork supplier TriOak Foods, strengthening its control over the supply chain.
- November 2022: Conagra Brands, Inc. has announced plans to invest about USD 60 million to expand the Troy facility's production capacity in Ohio, United States. Slim Jim products are mainly manufactured in the facility. Conagra stated that the 389,000 square foot plant will gain around 15,000 square feet as part of the expansion.
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North America Red 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
-
3.1 Price Trends
- 3.1.1 Beef
- 3.1.2 Mutton
- 3.1.3 Pork
-
3.2 Production Trends
- 3.2.1 Beef
- 3.2.2 Mutton
- 3.2.3 Pork
-
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)
-
4.1 Type
- 4.1.1 Beef
- 4.1.2 Mutton
- 4.1.3 Pork
- 4.1.4 Other Meat
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4.2 Form
- 4.2.1 Canned
- 4.2.2 Fresh / Chilled
- 4.2.3 Frozen
- 4.2.4 Processed
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4.3 Distribution Channel
- 4.3.1 Off-Trade
- 4.3.1.1 Convenience Stores
- 4.3.1.2 Online Channel
- 4.3.1.3 Supermarkets and Hypermarkets
- 4.3.1.4 Others
- 4.3.2 On-Trade
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4.4 Country
- 4.4.1 Canada
- 4.4.2 Mexico
- 4.4.3 United States
- 4.4.4 Rest of North America
5. COMPETITIVE LANDSCAPE
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
- 5.3 Company Landscape
-
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 Cargill Inc.
- 5.4.2 Conagra Brands Inc.
- 5.4.3 Hormel Foods Corporation
- 5.4.4 JBS SA
- 5.4.5 Marfrig Global Foods S.A.
- 5.4.6 NH Foods Ltd
- 5.4.7 OSI Group
- 5.4.8 Perdue Farms Inc.
- 5.4.9 Sysco Corporation
- 5.4.10 The Clemens Family Corporation
- 5.4.11 The Kraft Heinz Company
- 5.4.12 Tyson Foods Inc.
- 5.4.13 Vion Group
- 5.4.14 WH Group Limited
6. KEY STRATEGIC QUESTIONS FOR MEAT INDUSTRY CEOS
7. APPENDIX
-
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:
- BEEF PRODUCTION, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 5:
- MUTTON PRODUCTION, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 6:
- PORK PRODUCTION, METRIC TON, NORTH AMERICA, 2017 - 2029
- Figure 7:
- VOLUME OF RED MEAT MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 8:
- VALUE OF RED MEAT MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 9:
- VOLUME OF RED MEAT MARKET BY TYPE, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 10:
- VALUE OF RED MEAT MARKET BY TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 11:
- VOLUME SHARE OF RED MEAT MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 12:
- VALUE SHARE OF RED MEAT MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 13:
- VOLUME OF BEEF MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 14:
- VALUE OF BEEF MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 15:
- VALUE SHARE OF BEEF RED MEAT MARKET SPLIT BY FORM, %, NORTH AMERICA, 2022 VS 2029
- Figure 16:
- VOLUME OF MUTTON MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 17:
- VALUE OF MUTTON MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 18:
- VALUE SHARE OF MUTTON RED MEAT MARKET SPLIT BY FORM, %, NORTH AMERICA, 2022 VS 2029
- Figure 19:
- VOLUME OF PORK MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 20:
- VALUE OF PORK MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 21:
- VALUE SHARE OF PORK RED MEAT MARKET SPLIT BY FORM, %, NORTH AMERICA, 2022 VS 2029
- Figure 22:
- VOLUME OF OTHER MEAT MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 23:
- VALUE OF OTHER MEAT MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 24:
- VALUE SHARE OF OTHER MEAT RED MEAT MARKET SPLIT BY FORM, %, NORTH AMERICA, 2022 VS 2029
- Figure 25:
- VOLUME OF RED MEAT MARKET BY FORM, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 26:
- VALUE OF RED MEAT MARKET BY FORM, USD, NORTH AMERICA, 2017 - 2029
- Figure 27:
- VOLUME SHARE OF RED MEAT MARKET SPLIT BY FORM, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 28:
- VALUE SHARE OF RED MEAT MARKET SPLIT BY FORM, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 29:
- VOLUME OF CANNED RED MEAT MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 30:
- VALUE OF CANNED RED MEAT MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 31:
- VALUE SHARE OF CANNED RED MEAT MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 32:
- VOLUME OF FRESH / CHILLED RED MEAT MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 33:
- VALUE OF FRESH / CHILLED RED MEAT MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 34:
- VALUE SHARE OF FRESH / CHILLED RED MEAT MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 35:
- VOLUME OF FROZEN RED MEAT MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 36:
- VALUE OF FROZEN RED MEAT MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 37:
- VALUE SHARE OF FROZEN RED MEAT MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 38:
- VOLUME OF PROCESSED RED MEAT MARKET, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 39:
- VALUE OF PROCESSED RED MEAT MARKET, USD, NORTH AMERICA, 2017 - 2029
- Figure 40:
- VALUE SHARE OF PROCESSED RED MEAT MARKET SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 41:
- VOLUME OF RED MEAT MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 42:
- VALUE OF RED MEAT MARKET BY DISTRIBUTION CHANNEL, USD, NORTH AMERICA, 2017 - 2029
- Figure 43:
- VOLUME SHARE OF RED MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 44:
- VALUE SHARE OF RED MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 45:
- VOLUME OF RED MEAT MARKET SOLD VIA OFF-TRADE, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 46:
- VALUE OF RED MEAT MARKET SOLD VIA OFF-TRADE, USD, NORTH AMERICA, 2017 - 2029
- Figure 47:
- VOLUME OF RED MEAT MARKET SOLD VIA OFF-TRADE CHANNELS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 48:
- VALUE OF RED MEAT MARKET SOLD VIA OFF-TRADE CHANNELS, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 49:
- VOLUME OF RED MEAT MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 50:
- VALUE OF RED MEAT MARKET SOLD VIA CONVENIENCE STORES, USD, NORTH AMERICA, 2017 - 2029
- Figure 51:
- VALUE SHARE OF RED MEAT MARKET SOLD VIA CONVENIENCE STORES SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 52:
- VOLUME OF RED MEAT MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 53:
- VALUE OF RED MEAT MARKET SOLD VIA ONLINE CHANNEL, USD, NORTH AMERICA, 2017 - 2029
- Figure 54:
- VALUE SHARE OF RED MEAT MARKET SOLD VIA ONLINE CHANNEL SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 55:
- VOLUME OF RED MEAT MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 56:
- VALUE OF RED MEAT MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, NORTH AMERICA, 2017 - 2029
- Figure 57:
- VALUE SHARE OF RED MEAT MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 58:
- VOLUME OF RED MEAT MARKET SOLD VIA OTHERS, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 59:
- VALUE OF RED MEAT MARKET SOLD VIA OTHERS, USD, NORTH AMERICA, 2017 - 2029
- Figure 60:
- VALUE SHARE OF RED MEAT MARKET SOLD VIA OTHERS SPLIT BY TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 61:
- VOLUME OF RED MEAT MARKET SOLD VIA ON-TRADE, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 62:
- VALUE OF RED MEAT MARKET SOLD VIA ON-TRADE, USD, NORTH AMERICA, 2017 - 2029
- Figure 63:
- VOLUME OF RED MEAT MARKET BY COUNTRY, METRIC TONS, NORTH AMERICA, 2017 - 2029
- Figure 64:
- VALUE OF RED MEAT MARKET BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 65:
- VOLUME SHARE OF RED MEAT MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 66:
- VALUE SHARE OF RED MEAT MARKET SPLIT BY COUNTRY, %, NORTH AMERICA, 2017 VS 2023 VS 2029
- Figure 67:
- VOLUME OF RED MEAT MARKET, METRIC TONS, CANADA, 2017 - 2029
- Figure 68:
- VALUE OF RED MEAT MARKET, USD, CANADA, 2017 - 2029
- Figure 69:
- VALUE SHARE OF RED MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, CANADA, 2022 VS 2029
- Figure 70:
- VOLUME OF RED MEAT MARKET, METRIC TONS, MEXICO, 2017 - 2029
- Figure 71:
- VALUE OF RED MEAT MARKET, USD, MEXICO, 2017 - 2029
- Figure 72:
- VALUE SHARE OF RED MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, MEXICO, 2022 VS 2029
- Figure 73:
- VOLUME OF RED MEAT MARKET, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 74:
- VALUE OF RED MEAT MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 75:
- VALUE SHARE OF RED MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2022 VS 2029
- Figure 76:
- VOLUME OF RED MEAT MARKET, METRIC TONS, REST OF NORTH AMERICA, 2017 - 2029
- Figure 77:
- VALUE OF RED MEAT MARKET, USD, REST OF NORTH AMERICA, 2017 - 2029
- Figure 78:
- VALUE SHARE OF RED MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, REST OF NORTH AMERICA, 2022 VS 2029
- Figure 79:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, NORTH AMERICA, 2020 - 2023
- Figure 80:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2020 - 2023
- Figure 81:
- VALUE SHARE OF MAJOR PLAYERS, %, NORTH AMERICA, 2022
North America Red Meat Industry Segmentation
Beef, Mutton, Pork 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 red meat market is driven by beef, which had the highest growth rate by value in 2022. It is expected to register a CAGR of 8.82% during the forecast period. Beef is a significant part of the traditional American diet. Popular dishes like hamburgers, steaks, and meatloaf often feature beef as the main ingredient. The efficient supply chain helps keep beef prices relatively affordable, contributing to its popularity. In 2022, beef observed the highest growth rate by value, registering 11.40% in the market from 2020.
- The decrease in sheep and lamb production was accompanied by higher prices, which were responsible for the greater production costs. Their production costs were 20% more than any other meat in the region in 2022. A shortage in supply and high prices declined the consumption of sheep and lamb and prevented their growth.
- Pork is the fastest-growing meat type in North America, and it is expected to reach a CAGR of 0.85% by value during the forecast period. Pork consumption remains relatively steady, with fluctuations occurring due to price changes associated with supply. The dominance of processed pork indicates that processors play an important role in this sector, and many fresh pork packers are likely to be involved in manufacturing processed pork.
- Among California, Florida, New Jersey, New York, and Texas, Texans spent the most on beef products, amounting to a 26-28% share during 2019-2021. This was driven by higher beef production in the state. The cattle industry offers more than USD 13 billion annually to the Texan economy. Hamburger consumption in Nevada is higher than in most other states, with 267 per capita consumption.
| Type | Beef | |
| Mutton | ||
| Pork | ||
| Other Meat | ||
| Form | Canned | |
| Fresh / Chilled | ||
| Frozen | ||
| Processed | ||
| 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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