United States Meat Market to Grow Over USD300 Billion by 2026
Continuously rising population and
the variety of value-added nutrients within the products offered by the meat
manufacturers are driving the United States meat market during the forecast
period.
According
to TechSci Research report, “United
States Meat Market By Product (Chicken, Beef, Pork, Mutton, and Others
(Birds, Turkey, Venison, etc.)), By Type (Raw and Processed), By Distribution
Channels (Departmental Stores, Specialty Stores, Hypermarket/ Supermarket,
Online Sales Channel and Others (Direct Sellers, General Merchandised
Retailers, etc.)), By Region, By States, Competition Forecast &
Opportunities, 2026”, the United States meat market is growing at
approximately USD260 billion in the year 2020 and it is anticipated to reach
over USD300 billion by the end of 2026, with a CAGR of more than 2.83% during
the forecast period on account of the rising popularity of meat products and
increasing disposable income. Meat has consistently been viewed as an
exceptional item for the United States market as utilization of meat enjoys
different benefit, for example, they are the acceptable source of protein which
is significant for the development and improvement of human body. United States is not just
the largest consumer of meat product, but also the major producer and exporter
of meat especially beef. In the year 2019, the export of beef and beef variety
meat amounted to 1.32 million metric tons worth USD8.1 billion which is 14.1%
of United States beef and variety meat production.
Browse 23 Figures spread through 70
Pages and an in-depth TOC on "United States Meat Market"
https://www.techsciresearch.com/report/united-states-meat-market/7796.html
The COVID-19 pandemic has wreaked
havoc on the meat industry in several ways. For example, disrupted supply
chain, individual safeguards, temporary closures of full-service restaurants
and bars, and drop in exports resulted in a decline in the demand of meat
products. Due to a significant increase of COVID cases in the United States,
some meat processing plants were compelled to close for the safety of their
employees. Following the reopening of the meat industry, there was a
significant drop in the demand for meat products since many restaurants and
bars remained closed. However, during the lockdown, the market's development
was driven by either internet services or food retail shops.
The United States meat market is
bifurcated into product, type, distribution channel, region, states, and
company. In terms of product segments, the United States meat market is divided
into chicken, beef, pork, mutton, and others which include birds, turkey,
venison, etc. Among them, the Chicken category has dominated the United States
meat market in the year 2020, and it is expected to continue its dominance
during the forecast period because of numerous factors such as, it is a very
affordable and healthy food source. The beef
segment in the United States meat market is the fastest growing segment as the
consumption of beef is increasing across the country. The consumption of meat
has been fluctuating throughout the time. In the year 2008, the consumption of
meat was at peak with approximately 28.1 billion pounds.
Later on, in 2014 and 2015, the consumption of meat fell with 24.7 and 24.8
billion pounds, respectively. However, after 2019, the consumption of meat
began rising again with approximately 27.3 billion pounds.
Even bacon and other pig products
are extremely popular in the United States. Pig consumption per capita was
approximately 51 pounds in 2020. As per the Continuing Survey of Food Intakes
by Individuals (CSFII), the pork consumption is highest in the Midwest region
with the consumption of 58 pounds per person, followed by the Southern region.
In terms of
States, the popular states in the United States meat market are California, Texas,
Florida, New York, Georgia, Pennsylvania, Illinois, Ohio, North Carolina, Michigan
and others. Among which, California from southern region is projected to hold
the largest market share in the United States meat market by 2026, owing to the
existence of key players in the region, as well as a large customer base for the meat
market.
Download Sample
Report @ https://www.techsciresearch.com/sample-report.aspx?cid=7796
Customers can also
request for 10% free customization on this report.
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
leading players operating in the United States meat market. These companies
hold a wide variety of product portfolios for meat lovers either in the
processed form or in the marinated one. This is the major reason because of
which these companies are dominating the United States meat market.
The United States meat market is a broader
market as the consumption pattern of the States is mainly driven by these meat
products. It has been analyzed by the USDA that the consumption of chicken
products has tremendously increased from the historic period of 1910 by 540% in
the year 2020. In 2018, the average
per capita weight increased from 10.1 pounds to 65.2 pounds. Poultry
consumption has more than tripled since 1961. Moreover, post COVID-19 the
demand for consumption of protein rich products
has tremendously increased, which act as some of the other factors to positively
influence the growth of the market through 2026.” 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 Channels (Departmental Stores, Specialty Stores, Hypermarket/
Supermarket, Online Sales Channel and Others (Direct Sellers, General
Merchandised Retailers, etc.)), By Region, By Top States, Competition Forecast
& Opportunities, 2026” has evaluated the
future growth potential of the United States meat market and provides
statistics and information on market size, structure and future market growth. The
report intends 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 in the United States meat market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel:
+1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com/