United States meat market stood at USD262.54 billion in
the year 2020, and is anticipated to reach over USD308 billion by the end of
2026, growing at a CAGR of around 2.83% during the forecast period. Growth in
the market can be attributed to the factor that meat is high in iron,
magnesium, zinc, niacin, selenium, riboflavin, and B-vitamins, all of which aid
in the conversion of food into energy. Meat also helps lose weight by offering
a sense of satisfaction that helps them control their hunger and metabolize
food more effectively.
Meat plays an important role within the American diet, in
various forms like burgers, steaks, bacon, and chicken, etc. As per the data by
What We Eat in America (WWEIA), the American men on average eat 4.8 ounces of
meat per day and women eat 3.13 ounces of meat per day, even though the
consumption is lesser than the recommended ounces. It is also said that
Americans are the ones who spend less than any other developed nation in the
world, specifically on meat and poultry products.
The United States meat market can be segregated based on
product, type, distribution channels, region, and states. In terms of products,
it is chicken that dominates the United States meat market as Americans
consumed 96.4 pounds of broiler chickens per capita in the year 2020. According
to USDA and Economic Research Service figures, by 2030, Americans are likely to
consume 101.1 pounds of broiler chickens per capita. As per the abovementioned
facts and figures, the chicken segment is expected to maintain its dominance in
the meat market during the forthcoming years as well.
Based on distribution channel, market is segmented into
departmental stores, specialty stores, hypermarket/supermarket, online sales
channel and others. However, department stores have accounted for the majority
of the meat market in the United States by 2020. However, due to the tempting
offers and discounts available, the online sales channel is likely to grow at a
quick rate during the forecast period.
In terms of region, the United States Meat market is
categorized into South, West, Mid-West, and North-East. Among these regions,
the Southern States are the major contributors to the supply of chicken
products, especially Georgia, Alabama, and Arkansas. However, in terms of consumption,
the California State of a Western region holds the first rank based on factors
like population, gross domestic product (GDP), and personal income.
The meat industry has been a popular investment
destination, with several huge global corporations joining the market. Tyson
Foods, Inc., JBS USA Holdings, Inc., Cargill Meat Solutions Corp., Smithfield
Foods Inc., Sysco Corporation, Hormel Foods Corporation, Perdue Farms, Inc.,
OSI Group, Marfrig United States Foods S.A. (National Beef Packing Company LLC),
and Sanderson Farms, Inc. are some of the prominent competitors in this sector.
Owing to the presence of several local and international suppliers, the meat
market is highly competitive.
considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Objective of the Study:
- To analyze the historical growth in the market size of the United
States meat market from 2016 to 2020.
- To estimate and forecast the market size of the United States meat
market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the United States meat market based on product,
type, distribution channels, region,
states and company.
- To identify the dominant region or state in the United States meat
- To identify drivers and challenges for the United States meat
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in the United States meat
- To identify and analyze the profile of leading players operating in
the United States meat market.
- To identify key sustainable strategies adopted by market players in
the United States meat market.
Click here to download the sample
TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of companies within the United States. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research was able to include the companies which could not be
identified due to the limitations of secondary research. TechSci Research
analyzed the companies, distribution channels, and presence of all major
players across the United States.
TechSci Research calculated the market size of the United States
meat market using a bottom-up approach, wherein data for various segments was
recorded and forecast for the future years. TechSci Research sourced these
values from the industry experts and company representatives and externally
validated them through analyzing historical data of these product types and
applications for getting an appropriate, overall market size. Various secondary
sources such as company websites, news articles, press releases, company annual
reports, investor presentations, and financial reports were also studied by
Key Target Audience:
distributors, and end users
research and consulting firms
bodies such as regulating authorities and policymakers
forums, and alliances related to meat market
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as
manufacturers, end-users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
In this report, the United States meat
market has been segmented into the following categories, in addition to
the industry trends which have also been detailed below:
United States Meat Market, By Product:
Others (Birds, Turkey, Venison, etc.)
United States Meat Market, By Type:
- United States Meat Market, By Distribution Channels:
- Departmental Stores
- Specialty Stores
- Online Sales Channel
- Others (Direct Sellers,
General Merchandised Retailers, etc.)
- United States Meat Market, By Region:
- United States Meat Market, By Top 10 Listed States:
- New York
- North Carolina
Company Profiles: Detailed analysis of the major
companies present in the United States meat market.
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Detailed analysis and
profiling of additional market players (up to five).