The Market value (retail sales value) of Meat Industry in United States of America attained a value of USD 199,299.79 Millions in 2020
The Industry recorded a historical growth (CAGR) of 3.82% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
The meat industry in the US recorded a negligible YoY growth in 2020, and a low single-digit Compound Annual Growth Rate (CAGR) between 2017-20.
Tyson Foods, Inc., WH Group, Hormel Foods Corporation, and Cargill Inc held the top four leading market positions in the meat industry in the US. In 2020, the top four players held a significant market share in the meat market in the US.
Tyson, Farmland, Hormel, and Excel were the leading brands in the meat industry.
Meat includes different categories such as ambient meat, chilled raw packaged meat, cooked meat, fresh meat, and frozen meat.
Tyson Foods, Inc. leads the meat industry in the US in 2020
Tyson Foods, Inc. was the leading company (by value) in the meat market in the US in 2020, with around 10 brands operating under its trademark. Tyson brand was the biggest contributor to the company’s meat sales in the US. Hillshire Farm, Ballpark, Jimmy dean, and Weaver are some of the other major brands covering the meat market in the US under the trademark of Tyson Foods, Inc.
WH Group ranked second in the meat industry in the US
WH Group was the second-largest company in the meat market in the US in 2020. Farmland, Gwaltney, Eckrich, and Armour were among some of the key brands tending to the meat needs of the population in the US under WH Group, with a bigger chunk of the meat items sale (by value) coming from its flagship brand Farmland.
The other leading market positions in the meat market in the US were held by Hormel Foods Corporation and Cargill Inc
Hormel Foods Corporation and Cargill Inc were some of the other prominent companies in the meat market in the US, owning brands such as Hormel, Jennie-O, and Excel.
Market Fragmentation: The market is highly fragmented, with no player accounting for greater than one-tenth of the market share in the meat market in the US.
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