The processed meat market share in US is expected to increase by USD 5.37 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.58%.
This processed meat market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers processed meat market segmentation in US by distribution channel (supermarkets, convenience stores, specialty retailers, and others) and type (chilled meat, frozen poultry, canned meat and meat products, and frozen red meat). The processed meat market report also offers information on several market vendors, including Aurora Packing Co., Ben E. Keith Co., Cargill Inc., Conagra Brands Inc., Foster Farms, OSI Group LLC, Pilgrims Pride Corp., Sysco Corp., The Kraft Heinz Co., and Tyson Foods Inc. among others.
What will the Processed Meat Market Size in US be During the Forecast Period?
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Processed Meat Market in US: Key Drivers, Trends, and Challenges
Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing demand for convenience foods is notably driving the processed meat market growth, although factors such as stringent regulations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the processed meat market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Processed Meat Market Driver in US
The increasing demand for convenience foods is one of the key factors driving the growth of the processed meat market in the US. Convenience foods are easy-to-cook and ready-to-eat products. With changing lifestyles and a rise in disposable income, the demand for these products has increased over time. The growth in e-commerce and the easy availability of food products at doorsteps also drive the demand for convenience foods. Vendors operating in the processed meat market are selling convenience food products such as nuggets, fresh sausages, hotdogs, platters, sandwiches, and salami. The manufacturers of processed meat are focusing on making it available in different forms, such as chilled, frozen, and canned. In addition, vendors operating in the processed meat market in the US are increasingly opting for joint ventures and partnerships with local meat manufacturers, distributors, and technology providers to increase the availability of processed meat among consumers. Therefore, the rising demand for convenience foods will increase the availability of processed meat products during the forecast period.
Key Processed Meat Market Trend in US
The growing emphasis on packaging innovations will fuel the processed meat market growth in the US. Vendors operating in the processed meat market in the US use innovative packaging to survive the competition in the market. Besides attracting consumers, innovative packaging helps in increasing the shelf life of products and makes them more durable. It retains the freshness of packaged food products, prevents discoloration, and provides microbial control. Currently, air-permeable packages are the most popular technology used for packaging processed meat. However, with a rise in technological advances in packaging, companies are increasingly focusing on innovative packaging technologies, such as MAP (modified atmosphere packaging), vacuum packaging, and vacuum skin packaging. For instance, Tyson Foods Inc. uses vacuum packing for various fresh and frozen meat products. These types of packaging maintain freshness and increase the shelf life of processed meat. Moreover, the increasing demand for such innovative packaging solutions may encourage more vendors to come up with new packaging solutions, which would attract consumers and expand the customer base. This is a major factor that will drive the growth of the processed meat market in the US during the forecast period.
Key Processed Meat Market Challenge in US
The Stringent regulation is a major challenge for the processed meat market growth in the US. Stringent regulations and guidelines implemented by various government bodies will negatively affect the growth of the market during the forecast period. The processed meat market is heavily regulated by strict standards laid down by various government bodies across the world. The United States Department of Agriculture (USDA) is responsible for inspecting the quality standards of meat products. Moreover, the regulatory body in each country ensures that the entire cold chain through which the food passes is under the strict scrutiny of quality check departments and the food is free from any contamination or adulteration. In the US, food manufacturers need to follow the guidelines laid down by the Food and Drug Administration. The Food and Drug Administration lays out the parameters for the certification of food products and is responsible for protecting and promoting public health through the regulation and supervision of food safety. Regulatory bodies such as the FDA also provide guidelines on freezing temperature, loading, unloading, and defrosting in case any product requires repacking.
This processed meat market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the processed meat market in the US as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the processed meat market during the forecast period.
Who are the Major Processed Meat Market Vendors in the US?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Aurora Packing Co.
- Ben E. Keith Co.
- Cargill Inc.
- Conagra Brands Inc.
- Foster Farms
- OSI Group LLC
- Pilgrims Pride Corp.
- Sysco Corp.
- The Kraft Heinz Co.
- Tyson Foods Inc.
This statistical study of the processed meat market encompasses successful business strategies deployed by the key vendors. The processed meat market is fragmented and the vendors are deploying growth strategies such as developing new products, bringing innovations in flavors, and establishing organized retailing to compete in the market.
Product Insights and News
- Aurora Packing Co. - The company offers food and beverage products, food division supplies a full line of produce, frozen foods, meats, dry groceries, refrigerated foods, and many more.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The processed meat market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Processed Meat Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the processed meat market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global food, beverage, and tobacco market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and sales
- Service
- Support activities
- Innovation
The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.
What are the Revenue-generating Distribution channel Segments in the Processed Meat Market?
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The processed meat market in US share growth in the supermarket segment will be significant during the forecast period. Supermarkets are organized into departments and are larger in size than traditional grocery stores but smaller than hypermarkets. Hypermarkets are large self-service retail stores that occupy an average space of 170,000 square feet and offer a variety of products, such as food items, groceries, appliances, and clothing.
This report provides an accurate prediction of the contribution of all the segments to the growth of the processed meat market size in US and actionable market insights on post COVID-19 impact on each segment.
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Processed Meat Market Scope in US |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.58% |
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Market growth 2021-2025 |
$ 5.37 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.24 |
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Regional analysis |
US |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Aurora Packing Co., Ben E. Keith Co., Cargill Inc., Conagra Brands Inc., Foster Farms, OSI Group LLC, Pilgrims Pride Corp., Sysco Corp., The Kraft Heinz Co., and Tyson Foods Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Processed Meat Market in US Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive processed meat market growth in US during the next five years
- Precise estimation of the processed meat market size in US and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the processed meat industry in US
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of processed meat market vendors in US
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