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United States (US) Meat Market Analysis and Forecasts, 2015-2025 – Analyzing Product Categories and Segments, Distribution Channel, Competitive Landscape, Packaging and Consumer Segmentation

The meat market in the US was valued at $187.8 billion in 2020 and is projected to register a growth of more than 2%, during the forecast period 2021 to 2025. Per capita consumption and per capita expenditure of meat was higher in the US than at the global and regional level in 2020. Chilled raw packaged meat-processed was the largest category in 2020, followed by fresh meat (counter), chilled raw packaged meat – whole cuts, frozen meat, cooked meats – counter, cooked meats – packaged, and ambient meat. Fresh meat (counter) was the leading category in volume terms across the leading cities in the US meat sector in 2020. In the US, the consumption of meat is higher among males than females. In 2020, hypermarkets & supermarkets was the largest distribution channel in the US meat sector followed by food & drinks specialists and convenience stores respectively. Rigid plastics is the most used pack material in the US meat sector, followed by flexible packaging and rigid metal respectively.

Overview of the meat market in the US

Overview of the meat market in the US

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What are the market dynamics in the meat market in the US?

In 2020, Chilled raw packaged meat was the leading category in volume terms, while the cooked meat category is forecast to register the fastest volume growth during 2020-2025. The US market for meat with health & wellness claims registered growth at a CAGR of more than 1% during 2015-2020. The health & wellness market is led by the chilled raw packaged meat – whole cuts category, which registered growth at a CAGR of 1% during 2015-2020. Similarly, chilled raw packaged meat – processed with health & wellness claims, is the second leading category in the health & wellness market, registering a CAGR of more than 2% during 2015-2020. However, cooked meats – packaged category with health & wellness claims registered the fastest growth during 2015-2020.

Meat market in the US, by Cities

Meat market in the US, by Cities

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The US accounted for a value and volume share of more than 90%, in the North American meat sector in 2020 respectively. The country is expected to register overall value growth of 12% during 2020-2025 and overall volume growth of more than 3% during the same period. The US ranks fourth in terms of fragmentation when compared to the leading countries in the region, with the top five companies accounting for a share of more than 15% in 2020. New York emerged as the largest meat market in the US in 2020, followed by Los Angeles and Chicago respectively, in the same year. The meat market in Houston recorded the fastest growth with a CAGR of 4%, during 2015–2020, while Chicago recorded the slowest growth during the same period.

What are the category classifications in the meat market in the US?

Chilled raw packaged meat – processed was the largest category in 2020. The cooked meats – packaged category is forecast to register the fastest value growth at a CAGR of more than 3%, during 2020-2025, which is being followed by cooked meats – counter and frozen meat respectively. Fresh meat (counter) was the largest category in volume terms in 2020 and the frozen meat category is forecast to register the fastest volume growth at a CAGR of more than 1% during 2020-2025, followed by cooked meats – packaged.

Meat market in the US, by category

Meat market in the US, by category

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Who are the major players in the US Meat market?

In 2020, Tyson Foods, Inc led the meat market of India followed by, WH Group, Hormel Foods Corporation, Cargill Inc. and The Kraft Heinz Company. Tyson Foods, Inc. accounted for a value share of more than 9% in 2020.

Meat market in the US, by key players

Meat market in the US, by key players

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Market report scope

Market size (Year – 2020) $187.8 billion
Growth rate CAGR of >2% from 2021 to 2025
The base year for estimation 2020
Forecast Period 2021-2025
Segmentation by category Ambient meat, Chilled raw packaged meat – processed, Chilled raw packaged meat – whole cuts, Cooked meats – counter, Cooked meats – packaged, Fresh meat (counter) and Frozen meat
Key players Tyson Foods, WH Group, Hormel Foods Corporation, Cargill Inc. and The Kraft Heinz Company

Scope

The report provides an in-depth analysis of the following:

  • Per capita consumption and per capita expenditure of meat was higher in the US than on both the global and regional levels in 2020.
  • The per capita consumption of fresh meat (counter) was higher than other meat categories in the US in 2020.
  • Hypermarkets & supermarkets is the leading distribution channel in the US meat sector.
  • Private labels are growing at a higher CAGR than brands in the US meat sector.
  • Fresh meat (counter) was the most consumed category across leading cities in the US.
  • “Kids & babies” represent the largest subset of the meat sector in the US in 2020.

Reasons to Buy

  • Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
  • Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
  • Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
  • Our team of analysts has placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
  • The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
  • Analysis of key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes an economic summary of the country along with the labor market and demographic trends.

Key Players

Tyson Foods Inc.

WH Group

Hormel Foods Corporation

Cargill Inc

The Kraft Heinz Company.

Butterball Llc

Dietz & Watson Inc.

Perdue Farms Inc.

Hatfield Quality Meats

Topco Associates Inc.

Sigma Alimentos SA de CV

Johnsonville LLC

Table of Contents

Table of Contents

Report Scope

Executive Summary

Part 1: Market Environment

Value and Volume Share of the US in the Global and North America Markets

Growth Analysis of the US Compared to Other Leading Countries in the North America Market

PCC and PCE of the US Compared to the Global and North America Markets

Part 2: Sector Deep Dive

The US Meat Sector Snapshot

Market Size Analysis

Cross-category Comparison -Value Growth Analysis and Category Winners and Losers

Cross-category Comparison -Volume Growth Analysis and Category Winners and Losers

Part 3: Category Deep Dive

Per Capita Consumption Analysis by Category

Market Size Analysis-Category: Ambient Meat

Segment-Level Analysis (in Value and Volume Terms) -Ambient Meat

Market Size Analysis-Category: Chilled Raw Packaged Meat -Processed

Segment-Level Analysis (in Value and Volume Terms) -Chilled Raw Packaged Meat -Processed

Market Size Analysis-Category: Chilled Raw Packaged Meat -Whole Cuts

Segment-Level Analysis (in Value and Volume Terms) -Chilled Raw Packaged Meat -Whole Cuts

Market Size Analysis-Category: Cooked Meats -Counter

Market Size Analysis-Category: Cooked Meats -Packaged

Segment-Level Analysis (in Value and Volume Terms) -Cooked Meats -Packaged

Market Size Analysis-Category: Fresh Meat (Counter)

Segment-Level Analysis (in Value and Volume Terms) -Fresh Meat (Counter)

Market Size Analysis-Category: Frozen Meat

Segment-Level Analysis (in Value and Volume Terms) -Frozen Meat

Part 4: Distribution Analysis

Channel Share Analysis

Part 5: Competitive Environment

Leading Companies Value and Volume Share

Brand Share Analysis of Top Five Companies

Brand Share Analysis of Top Five Companies by Category

Private Label Share Analysis by Category

Growth of Private Labels Compared to Branded Products

Degree of Consolidation/Fragmentation by Category

Part 6: Health & Wellness Analysis

Health & Wellness Analysis by Category

Health & Wellness Analysis by Product Attributes

Health & Wellness Analysis by Consumer Benefits

Cross Category Comparison -Products with H&W Vs. Non-H&W Claims

Part 7: Packaging Analysis

Pack Material Growth Analysis

Pack Type Growth Analysis

Closure Type Growth Analysis

Primary Outer Type Growth Analysis

Part 8: City Deep Dive

Market Size Analysis of Top 10 Cities

Market Size Analysis of Top 10 Cities by Category

Leading Cities Contribution to Volume Growth

Part 9: Consumergraphics

Demographic Analysis

Part 10: Macroeconomic Analysis

GDP Growth and Inflation

Population Growth

Labor Market Trend

Economic Summary, Labor Market, and Demographic Trends

The US Risk Index (GCRI) 2020

The US Risk Analysis -Compared to Global and North America Markets

Methodology

Definitions

Appendix

List of Tables

List of Tables

Leading Value Categories

Fastest-Growing Segments (Value), 2020

Cross-Category Comparison -by Value (2015-2025)

Cross-Category Comparison -by Volume (2015-2025)

Per Capita Consumption (by Category), the US Compared to North America and Global Levels (in kg), 2020

Ambient Meat -Value Analysis by Segment, 2015-2025

Ambient Meat -Volume Analysis by Segment, 2015-2025

Chilled Raw Packaged Meat -Processed -Value Analysis by Segment, 2015-2025

Chilled Raw Packaged Meat -Processed -Volume Analysis by Segment, 2015-2025

Chilled Raw Packaged Meat -Whole Cuts -Value Analysis by Segment, 2015-2025

Chilled Raw Packaged Meat -Whole Cuts -Volume Analysis by Segment, 2015-2025

Cooked Meats -Packaged -Value Analysis by Segment, 2015-2025

Cooked Meats -Packaged -Processed -Volume Analysis by Segment, 2015-2025

Fresh Meat (Counter) -Value Analysis by Segment, 2015-2025

Fresh Meat (Counter) -Volume Analysis by Segment, 2015-2025

Frozen Meat -Value Analysis by Segment, 2015-2025

Frozen Meat -Volume Analysis by Segment, 2015-2025

Change in Distribution Share, 2015-2020

Top Five Companies Share by Brand (in Value and Volume Terms) in the Meat Sector, 2020

Brand Shares of Top Five Companies (in Value and Volume Terms) by Category, 2020

Category Comparison -With H&W and Non-H&W Claims, 2015-2020

Volume Analysis of Top 10 Cities by Category (Million kg), 2020

Performance Overview (Score: 1-100)

Category Data, by Segment

Per Capita Consumption (in kg), 2015-2025

Per Capita Expenditure ($), 2015-2025

Meat Sales Distribution in the US -by Category ($ Million), 2020

Brand Share (in Value and Volume Terms) in the Meat Sector, 2020

Brand Share (in Value and Volume Terms) in the Meat Sector, by Category, 2020

Key Health & Wellness Product Attributes Driving Sales in the US, 2015-2020

Key Health & Wellness Consumer Benefits Driving Sales in the US, 2015-2020

Pack Material (in Million Pack Units), 2015-2025

Pack Materials by Category (in Million Pack Units), 2020

Pack Type (in Million Pack Units), 2015-2025

Pack Types by Category (in Million Pack Units), 2020

Closure Type (in Million Pack Units), 2015-2025

Closure Types by Category (in Million Pack Units), 2020

Primary Outer Type (in Million Pack Units), 2015-2025

Primary Outer Types by Category (in Million Pack Units), 2020

Real GDP and Annual Growth (%), 2017-2025

Nominal GDP and Annual Growth (%), 2017-2025

Consumer Price Inflation (%), 2017-2025

Employed People and Unemployment Rate (%), 2017-2025

Nominal Household Final Consumption Expenditure and Annual Growth (%), 2017-2025

Population and Annual Growth (%), 2017-2025

Population by Age Group (%)

Population by Gender (%)

Population by Rural-Urban Split (%)

List of Figures

List of Figures

Value and Volume Share of the US in the Global and North America Meat Sector, 2020-2025

The US Compared to Other Top Countries in Terms of Market Share, Growth, and Competitive Landscape

PCC Comparison -the US, North America, and Global, 2015-2025

PCE Comparison -the US, North America, and Global, 2015-2025

Market Size and Growth Analysis by Value and Volume, Meat Sector, 2015-2025

Cross-category Comparison -Value Growth Analysis and Category Winners and Losers

Cross-category Comparison -Volume Growth Analysis and Category Winners and Losers

Market Size and Growth Analysis by Value and Volume, Ambient Meat Category, 2015-2025

Market Size and Growth Analysis by Value and Volume, Chilled Raw Packaged Meat -Processed Category, 2015-2025

Market Size and Growth Analysis by Value and Volume, Chilled Raw Packaged Meat -Whole Cuts Category, 2015-2025

Market Size and Growth Analysis by Value and Volume, Cooked Meats -Counter Category, 2015-2025

Market Size and Growth Analysis by Value and Volume, Cooked Meats -Packaged Category, 2015-2025

Market Size and Growth Analysis by Value and Volume, Fresh Meat (Counter) Category, 2015-2025

Market Size and Growth Analysis by Value and Volume, Frozen Meat Category, 2015-2025

Share of Key Distribution Channels (in Value Terms)-Meat, 2020

Key Distribution Channel Share by Category (in Value Terms), 2020

Leading Companies (in Value and Volume Terms) in the Meat Sector, 2020

Private Label Penetration by Category (in Value Terms), 2020

Growth Analysis, Private Label and Brands, 2015-2020

Category-wise Consolidation/Fragmentation (in Value Terms) -Meat , 2020

Prominence of Health & Wellness Claims by Category, $ Million, 2015-2020

Contribution of Health & Wellness by Product Attributes, $ Million, 2015-2020

Contribution of Health & Wellness by Consumer Benefits, $ Million, 2015-2020

Key Pack Materials in the US Meat Sector, Percentage Share of Pack Units, 2020

Annual Growth Rate by Key Pack Material, 2015-2025

Use of Pack Material by Category (in Pack Units), 2020

Key Pack Types in the US Meat Sector, Percentage Share of Pack Units, 2020

Annual Growth Rate by Key Pack Type, 2015-2025

Use of Pack Type by Category (in Pack Units), 2020

Key Closure Types in the US Meat Sector, Percentage Share of Pack Units, 2020

Annual Growth Rate by Key Closure Type, 2015-2025

Use of Closure Type by Category (in Pack Units), 2020

Key Primary Outer Types in the US Meat Sector, Percentage Share of Pack Units, 2020

Annual Growth Rate by Key Primary Outer Type, 2015-2025

Use of Primary Outer Type by Category (in Pack Units), 2020

Volume Growth Analysis of Top 10 Cities (Million kg), 2015-2020

Leading Cities’ Contribution to Volume Change, 2015-2020

Demographic Analysis

Real GDP ($ Billion) and Annual Growth (%)

Nominal GDP ($ Billion) and Annual Growth (%)

Consumer Price Inflation (%)

Nominal Household Final Consumption Expenditure Growth (%) in $ Terms

Population (Millions) and Annual Growth (%)

Population by Age Group (%)

Population by Gender (%)

Population by Rural-urban Split (%)

Employed People (Millions) and Unemployment Rate (%)

Economic Summary, Labor Market, and Demographic Trends

Five Lowest-Risk Nations in GCRI Q4 2020

Five Highest-Risk Nations in GCRI Q4 2020

The US Performance in Country Risk Analysis in Comparison to North America and the World

List of 109 Countries Analyzed to Identify High-Potential Countries in Different Regions

Frequently Asked Questions

The meat market in the US was valued at $187.8 billion in 2020.

The meat market in the US is projected to register a CAGR of more than 2% during the forecast period 2021-2025.

The key categories in the meat market in the US include ambient meat, chilled raw packaged meat – processed, chilled raw packaged meat – whole cuts, cooked meats – counter, cooked meats – packaged, fresh meat (counter), and frozen meat.

The key players in the market are Tyson Foods, WH Group, Hormel Foods Corporation, Cargill Inc., and The Kraft Heinz Company.

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