United States (US) Meat Market Analysis and Forecasts, 2015-2025 – Analyzing Product Categories and Segments, Distribution Channel, Competitive Landscape, Packaging and Consumer Segmentation
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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
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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
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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
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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
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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.
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
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Frequently asked questions
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What is the market size of the meat market in the US in 2020?
The meat market in the US was valued at $187.8 billion in 2020.
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What is the growth rate of the meat market in the US?
The meat market in the US is projected to register a CAGR of more than 2% during the forecast period 2021-2025.
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What are the key categories in the meat market in the US?
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.
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Who are the key players in the meat market in the US?
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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