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Processed Meat Market in US by Type and Distribution Channel - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR43417
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The processed meat market in the US has the potential to grow by USD 5.38 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.58%.

This processed meat market research report of US 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 market segmentation by type (chilled meat, frozen poultry, canned meat and meat products, and frozen red meat) and distribution channel (supermarkets, convenience stores, specialty retailers, and others). The processed meat market report of US 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 in 2021?

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Processed Meat Market in the US: Key Drivers and Trends

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 in the US, although factors such as stringent regulations may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the processed meat industry in US get your FREE report sample now.

  • 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 making it available in different forms, such as chilled, frozen, and canned.
  • Vendors 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.
  • Since convenience foods are easy-to-cook and ready-to-eat products, changing lifestyles and a rise in disposable income will increase the demand for these products. As a result, the processed meat market in the US will record significant growth over the forecast period.
  • Online retailing is popular among consumers as it provides various benefits, such as convenience, better pricing, easy returns, bulk discounts, and a diverse range of products to choose from.
  • Using online retail channels, consumers can opt for the home delivery of purchased products or pick up those products from the nearest stores.
  • Many vendors of processed meat have been selling products online through various online platforms, which is one of the key processed meat market trends in the US.
  • Tyson Foods Inc. sells its brands Hillshire Farm and Tyson through third-party online retailers, such as Amazon.com Inc. (Amazon), Walmart, and Target.
  • Hormel Foods offers products such as beef sausages, Hormel pepperoni, and other pork products through various third-party online retailers, such as Amazon, Walmart, Target, Tesco, and others.

This processed meat market analysis report of US also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

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.

 

The processed meat market in the US is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the processed meat market forecast report of US for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating Type Segments in the Processed Meat Market in the US?

Processed-Meat-Market-In-US-Market-Share-by-Type-2020-2025

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The processed meat market share growth in the US by the chilled meat segment will be significant during the forecast period. The growing focus on health and nutrition in the food and beverages industry has enhanced the chilled processed food segment in the US in recent years. A large number of urban consumers prefer the chilled and frozen types of processed meats to save time. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the processed meat market size in US.

 

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What are the Key Factors Covered in this Processed Meat Market Report of US?

  • 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
  • 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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Processed Meat Market In US Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 5.38 billion

Market structure

Fragmented

YoY growth (%)

4.24

Regional analysis

US

Performing market contribution

US at 100%

Key consumer countries

US, Canada, and Mexico

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

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.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Supermarkets - Market size and forecast 2020-2025
    • Convenience stores - Market size and forecast 2020-2025
    • Specialty retailers - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Chilled meat - Market size and forecast 2020-2025
    • Frozen poultry - Market size and forecast 2020-2025
    • Canned meat and meat products - Market size and forecast 2020-2025
    • Frozen red meat - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The processed meat market growth will increase by $50.76 thousand tons during 2019-2024.
    The processed meat market is expected to grow at a CAGR of 0.21% during 2019-2024.
    Technavio has segmented the processed meat market by distribution channel (Supermarkets, Convenience stores, Specialty retailers, and Others) and geographic (US).
    BRF SA, Cargill Inc., Conagra Brands Inc., Foyle Food Group Ltd., Hormel Foods Corp., JBS SA, NH Foods Ltd., Perdue Farms Inc., Sysco Corp., Tyson Foods Inc. are a few of the key vendors in the processed meat market.
    US will register the highest growth rate of 100.00% among the other regions. Therefore, the processed meat market in US is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the processed meat market growth are:
    • Increasing demand for convenience foods
    • Growing emphasis on packaging innovations
    The processed meat market vendors should focus on grabbing business opportunities from the supermarkets segment as it accounted for the largest market share in the base year.
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