United States Processed Meat Market Size

The United States processed meat market is experiencing steady growth, driven by factors such as affordability, convenience, and wide availability. The market's expansion is characterized by constant innovation and a trend towards clean-label and all-natural products, with popular claims including low-sodium and no additives. Processed pork remains the most consumed type, particularly among African-American and Hispanic communities, while the beef segment is the fastest-growing, with increasing popularity of marinated beef options.

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Market Size of united states processed meat Industry

United States Processed Meat Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 10.44 Billion
svg icon Market Size (2029) USD 11.72 Billion
svg icon Largest Share by Type Pork
svg icon CAGR (2024 - 2029) 2.34 %
svg icon Fastest Growing by Type Beef

Major Players

United States Processed Meat Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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United States Processed Meat Market Analysis

The United States Processed Meat Market size is estimated at 10.44 billion USD in 2024, and is expected to reach 11.72 billion USD by 2029, growing at a CAGR of 2.34% during the forecast period (2024-2029).

10.44 Billion

Market Size in 2024 (USD)

11.72 Billion

Market Size in 2029 (USD)

5.67 %

CAGR (2017-2023)

2.34 %

CAGR (2024-2029)

Largest Segment by Distribution Channel

54.45 %

value share, On-Trade, 2023

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Fast food outlets or restaurants with extensive menus comprising Chinese cuisines that use processed meat products have fueled the market growth in the United States.

Largest Segment by Type

47.08 %

value share, Pork, 2023

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Products such as bacon, sausages, and ham have boosted the demand for processed pork items in the North American region as they are majorly consumed for breakfast and lunch.

Fastest-growing Segment by Distribution Channel

2.80 %

Projected CAGR, Off-Trade, 2024-2029

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Purchases through online channels and supermarkets/hypermarkets, along with the innovations in processed meat delivery and self-checkouts, are driving the segment's growth.

Fastest-growing Segment by Type

3.51 %

Projected CAGR, Beef, 2024-2029

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Ground beef, luncheon meat, sausages, hot dogs, salami, pepperoni, burgers and beef jerky are the most popular processed beef products consumed in the United States.

Leading Market Player

35.73 %

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.

Affordability and product innovations are boosting the market

  • Processed meat has been growing steadily and is expected to register a CAGR of 2.36% by value from 2023 to 2029. Factors such as affordability, convenience, wide availability, and acceptable taste boost market sales. The processed meat industry is experiencing constant innovation and multiple iterations of the same product. The ongoing trend in the processed category is clean-label and all-natural products. Low-sodium, low-fat, low-calorie, no MSG, and free from additives and preservatives are some popular claims on labels in the processed meat product category.
  • The most consumed processed meat type is processed pork, which grew by 28.38% by value from 2017 to 2022. Although some communities or regions do not eat pig, it is one of the most popular processed meats in the United States. Lunch meats, hot dogs, bacon, sausage, smoked ham, and other processed pork make up the category of processed pork. Among the various ethnicities in the country, processed pork is popular among the African-American and Hispanic communities.
  • The fastest-growing segment of processed meat is the beef category, which is projected to record a CAGR of 3.51% by value during the forecast period. Minced beef, beef patties, sausages, etc., are the country's primarily sold processed beef items. However, in recent times, the market has seen a growing popularity of marinated beef portions, especially steak cuts. With the marinated meats, consumers have found themselves cooking home-style, and the opportunity has allowed them to try unique flavors and complicated recipes. Sweet Bourbon Marinated, Steakhouse Marinated, Teriyaki Marinated, etc., are some of the popular marinated options in the market.
United States Processed Meat Market

United States 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.

  • Processed meat has been growing steadily and is expected to register a CAGR of 2.36% by value from 2023 to 2029. Factors such as affordability, convenience, wide availability, and acceptable taste boost market sales. The processed meat industry is experiencing constant innovation and multiple iterations of the same product. The ongoing trend in the processed category is clean-label and all-natural products. Low-sodium, low-fat, low-calorie, no MSG, and free from additives and preservatives are some popular claims on labels in the processed meat product category.
  • The most consumed processed meat type is processed pork, which grew by 28.38% by value from 2017 to 2022. Although some communities or regions do not eat pig, it is one of the most popular processed meats in the United States. Lunch meats, hot dogs, bacon, sausage, smoked ham, and other processed pork make up the category of processed pork. Among the various ethnicities in the country, processed pork is popular among the African-American and Hispanic communities.
  • The fastest-growing segment of processed meat is the beef category, which is projected to record a CAGR of 3.51% by value during the forecast period. Minced beef, beef patties, sausages, etc., are the country's primarily sold processed beef items. However, in recent times, the market has seen a growing popularity of marinated beef portions, especially steak cuts. With the marinated meats, consumers have found themselves cooking home-style, and the opportunity has allowed them to try unique flavors and complicated recipes. Sweet Bourbon Marinated, Steakhouse Marinated, Teriyaki Marinated, etc., are some of the popular marinated options in the market.
Type
Beef
Mutton
Pork
Poultry
Other Meat
Distribution Channel
Off-Trade
Convenience Stores
Online Channel
Supermarkets and Hypermarkets
Others
On-Trade
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United States Processed Meat Market Size Summary

The United States processed meat market is experiencing steady growth, driven by factors such as affordability, convenience, and wide availability. The market is characterized by constant innovation, with a focus on clean-label and all-natural products. Processed pork is the most consumed type of processed meat, with products like lunch meats, hot dogs, and sausages being particularly popular. The beef segment is the fastest-growing, with increasing demand for marinated beef portions allowing consumers to explore unique flavors and recipes. The US beef industry, a significant player globally, is supported by technology-driven practices and a strong focus on high-quality, grain-fed beef production. Despite challenges such as supply chain issues and rising prices, the market remains robust, with strategic production and export opportunities, particularly to Asian markets.

The processed meat market in the United States is fairly consolidated, with major companies 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 highlight the industry's responsiveness to consumer demand and market trends. The market's growth is also influenced by external factors such as droughts affecting cattle trade and feed costs, which have prompted discussions on potential regulatory interventions to stabilize prices. As the market continues to evolve, companies are expected to increase production capacities and adapt to changing consumer preferences, ensuring a competitive and dynamic industry landscape.

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United States 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

United States Processed Meat Market Size FAQs

The United States Processed Meat Market size is expected to reach USD 10.44 billion in 2024 and grow at a CAGR of 2.34% to reach USD 11.72 billion by 2029.

In 2024, the United States Processed Meat Market size is expected to reach USD 10.44 billion.

Processed Meat Market in US Report Snapshots

United States Processed Meat Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029