United States Meat Market to be Dominated by Beef Segment in the Forecast Period
The meat market in the United States is
experiencing growth due to the rising beef consumption in the country.
According to TechSci Research report, “United
States Meat Market – By Region, Competition
Forecast & Opportunities, 2018-2028F,” the United States meat
market is expected to grow during the forecast period due to several factors,
such as the increasing demand for convenient and ready-to-eat meat products.
Additionally, sustainable and eco-friendly packaging can influence consumer choices.
The United States meat market is
influenced by various factors, including growing awareness about the health and
nutrition impacts and preferences for beef and organic options. However,
consumers have shown a growing preference for organic and sustainably sourced
meat products. This trend is driven by concerns about environmental impact and
the desire for healthier options.
The market growth is expected to be
driven by new product launches, including Benny’s Original Meat Straw.
Manufacturers are also diversifying their product offerings to appeal to a
wider range of consumers, including women. For example, Tillamook County Smoker
introduced an all-natural cranberry turkey jerky, and Kerry Foods launched
barbecue-flavored meatballs. In 2021, "Organic Prairie" launched
organic seasoned ground beef, offering home cooks access to high-quality
protein that is prepared quickly and easily.
Furthermore, the increase in meat
consumption can be attributed to a variety of factors, including dietary
changes and lifestyle choices. For example, high-protein diets and the
prevalence of certain food trends have led to a preference for meals that are
high in protein. Additionally, cultural and social influences have played a
major role in the use of meat in American cuisine.
The growing working population in the
country has led to an increase in the demand for convenient food options.
Consumers nowadays prefer tasty, processed food but refrain from the time
commitment required for preparing intricate meals. The increasing availability
of processed food products saves preparation time, which has led to their
growing popularity among the American population. This trend has positively
affected the growth of the U.S. market.
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The United
States meat market is segmented based on product, type, distribution channel,
region, and competitive landscape.
Based on
product, the market is further fragmented into chicken, beef, pork, mutton, and
others (birds, turkey, venison, etc.). Among this segment, beef dominates the
market due to several reasons such as increasing consumption of beef products
in the country, along with the growing number of slaughterhouses and poultry
houses in the United States, which has increased the market demand for meat.
Based on
type, the market is divided into raw and processed. Among these segments,
processed food is gaining popularity among consumers due to the increasing
working population in the country and its time-saving preparation. These
factors further enhance the market growth over the forecast period.
Based on the
distribution channel, the market is further segmented into departmental stores,
specialty stores, hypermarket/supermarket, online, and others (Departmental
Stores, Specialty Stores, Hypermarket/Supermarket, Online, Others). Among these
segments, online sales are the fastest-growing segment due to several factors.
The convenience of online shopping and food delivery services has led to
increased meat sales through e-commerce platforms. Consumers appreciate the
ease of ordering meat products online and having them delivered to their
doorstep.
Key market players in the United States meat
market include:
- 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)
- Sanderson
Farms, Inc.,
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“The introduction of new meat products,
including ready-to-cook options, encompasses a range of meat cuts and protein
types. This includes popular choices like chicken breasts, beef steaks, pork
chops, and more. The United States has witnessed a significant increase in
market demand for these products in recent years. Factors such as a growing
population, widespread availability, and convenience of meat products in
various forms contribute to their consumption, driving market growth during the
anticipated period.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“United States Meat Market By Product
(Chicken, Beef, Pork, Mutton, and Others (Birds, Turkey, Venison, etc.)), By
Type (Raw and Processed), By Distribution Channel (Departmental Stores,
Specialty Stores, Hypermarket/Supermarkets, Online, and Others (Departmental
Stores, Specialty Stores, Hypermarket/Supermarket, Online, Others.)), By
Region, Competition Forecast & Opportunities, 2018-2028F,” has evaluated the future
growth potential of the United States meat market and provides statistics and
information on market structure, size, share, and future growth. The report is
intended to provide cutting-edge market intelligence and help decision-makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
present in the meat market in the United States.
Contact
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