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The North America processed meat market size was valued at USD 34.1 billion in 2023. The market is further projected to grow at a CAGR of 3.10% between 2024 and 2032, reaching a value of USD 44.88 billion by 2032.
Meat supplemented with additives and preservatives is defined as processed meat. These additives include acidifiers, minerals, salts, seasonings, flavouring agents, and more, which prevents degeneration and enhances product quality and taste. The types outlined in the North America processed meat market analysis include pork, beef, and poultry. Some examples of processed meat are salami, pepperoni, sausages, and jerky, among others.
The major factors impacting the growth of processed meat market in North America include higher purchasing power due to increased disposable income, busy schedules of consumers, advancement in production technology, and a high rate of production due to feed availability.
North America processed meat market growth is driven by an increase in the number of processed meat retailers, growing demand for high-value animal protein and increasing demand for convenience food products.
February 2024
The Canadian Meat Council, Consejo Mexicano de la Carne (Comecarne) and the Meat Institute in the United States signed a Memorandum of Understanding (MoU) to enhance co-ordination and governmental collaboration in the North American meat industry.
February 2024
The governments of Ontario and Canada are infusing over CD 13 million to enhance the processed meat industry in Canada. The financial injection is channelled through the Sustainable Canadian Agricultural Partnership (Sustainable CAP) initiative.
April 2023
The United States Department of Agriculture announced that it has invested over USD 43 million for meat and poultry processing research, innovation and expansion through the Agriculture and Food Research Initiative and the American Rescue Plan.
May 2020
In a bid to focus more on its core offerings such as beef and chicken, Tyson Foods, the largest US meat processor, announced the sale of its non-meat businesses, including Sara Lee Frozen Bakery and Van’s waffle and cereal business to Kohlberg & Co.
Increase in disposable income: The North America processed meat market is witnessing growth due to the rising disposable income of consumers. The increase in the number of working professionals has resulted in busy schedules, which, in turn, is propelling the processed meat market growth.
Increasing number of processed meat retailers: The expansion of the market is further fuelled by the proliferation of processed meat retailers. A rising number of specialised stores, supermarkets, and online platforms dedicated to offering a diverse range of processed meat products contribute significantly to the accessibility and availability of these products, thereby driving market growth.
Growing demand for high-value animal protein: As consumers increasingly prioritise protein-rich diets for various health and wellness reasons, processed meat products, known for their protein content, are witnessing heightened popularity, leading to an upswing in the demand for processed meat in North America.
Demand for convenience food products: North America processed meat market development is driven by the escalating demand for convenience food products. With changing lifestyles and an emphasis on time-saving solutions, there is a notable rise in the preference for processed meat as a quick and easy meal option. This shift in consumer behaviour towards convenience is a key factor propelling the growth of the market in the region.
As per the North America processed meat market analysis, continuous technological advancements in the production techniques of processed meat support market growth. Innovations in processing methods, packaging technologies, and preservation techniques contribute to enhancing the quality, safety, and shelf life of processed meat products.
This trend not only meets consumer expectations for high-quality products but also fosters efficiency and sustainability in the overall production process, influencing the dynamics of the processed meat market in North America. Cargill, a global food corporation, launched the “BeefUp Sustainability Initiative” in April 2023 to build a more sustainable supply chain for beef in North America. Through this initiative, Cargill partners with farmers to cut greenhouse gas emissions from the North American supply chain.
North America Processed Meat Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup | Categories |
Meat Type | Poultry, Beef, Pork, Others |
Product Type | Frozen, Chilled, Canned |
Application | HoReCa and Institutional, Retail |
Distribution Channel | Supermarkets and Hypermarkets, Convenience Stores, Retail Stores, Online, Others |
Country | United States of America, Canada |
Based on meat type, the North America processed meat market is led by beef, driven by consumer preference
The market is predominantly led by the beef due to the increasing consumer preference for well-known brands like Tyson, Gardein, and Hormel, along with a rising demand for grass-fed beef products due to their recognised nutritional benefits. Notably, frozen ground beef in a boneless form emerges as a particularly popular choice among consumers in this category. The U.S. beef industry is the largest cattle-fed industry, and the United States is also the largest consumer of beef in the world.
The North America processed meat market share of pork is also significant, as a result of developing meat processing equipment to process pork in different ways. Pork ham, sausages, and meatballs, are some of the processed pork products preferred by consumers for their flavours and nutritional value.
The poultry segment is seeing an expansion due to its lower price and high nutritional content. It is especially preferred by the gym-going populace who accommodate lean proteins in their diet. In Canada, chicken is the most consumed meat.
North America processed meat market share is dominated by chilled products due to their longer shelf life
Chilled packaged meat is popular among consumers in North America owing to its longer shelf life and original taste. It is also sought after by people who like to cook their meat as per their requirements. On average, 86% of the world population has meat in their diet.
Canned products are seeing an increased demand in line with the rising preference for ready-to-eat products. Along with convenience, canned products also offer longer shelf life and high-value protein. Canned cooked meat Spam, a subsidiary of Hormel, hit record high sales for the seventh year in a row in 2021.
Frozen products have a long shelf life, and are available in a variety of options, allowing individuals to stock up on their favourite items without concerns about spoilage. The diverse range also caters to different dietary choices, which impacts buying behaviour. The stocks of frozen and chilled meats in cold storage amounted to 132, 269 tons in October 2021.
The North America processed meat market outlook is characterised by production expansion, government funding, and enhanced research initiatives across the sector.
Cargill, Incorporated founded in 1865, has headquarters in Minnesota, United States. It is one of the leading players in North America processed meat market, providing food, ingredients, agricultural solutions, and industrial products. It specialises in the origination, processing and distribution of grain and oilseeds, customised animal nutrition solutions, bio-industrial applications, and more.
American Foods Group, LLC, founded in 1949, is headquartered in Wisconsin, United States. The company specialises in meat processing and provides a wide range of meat products, including USDA-graded beef, pork, and other protein-based offerings. They supply fresh and processed meat to retailers, food services, and international clients.
Sysco is a global leader in food distribution, marketing, and services, offering a diverse range of food and related products to restaurants, healthcare, educational facilities, and more. The company was founded in Texas, United States in 1969. It provides a selection of innovative ingredients and products and connects businesses with its distribution network.
JBS S.A. was founded in 1953 in Brazil and is one of the world's largest meat processing companies, involved in the production and distribution of beef, chicken, pork, and lamb products globally. The company prioritises sustainability and environmental management across its organisation. It invests in technology research to assure food safety.
The other key players in the market include Tyson Foods, Inc., Smithfield Foods, Inc., Hormel Foods Corporation, Koch Foods, National Beef Packing Company LLC, and OSI Group, among others.
United States dominates the processed meat market in North America due to high production capacity
The largest share of revenue was held by the United States, a prominent global meat producer, particularly beef. The USDA reports an annual beef production of approximately 11.4 million tons in the United States , complemented by substantial imports from nations like Canada, Australia, Mexico, and New Zealand.
In the United States, the consistent demand for these products has persisted over recent years. This stability is attributed to the competitive pricing of such foods compared to the cost of preparing meals with raw meat.
Canada also has a noteworthy revenue share within the North American processed meat market. As per the Organisation for Economic Co-operation and Development (OECD), Canada ranked among the top producers of pork and beef in 2019, experiencing significant demand both domestically and internationally. The country's robust consumption patterns and substantial expenditures have further contributed to fostering market growth.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Meat Type |
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Breakup by Product Type |
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Breakup by Application |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Processed Meat Market Overview
8.1 Key Industry Highlights
8.2 Global Processed Meat Historical Market (2018-2023)
8.3 Global Processed Meat Market Forecast (2024-2032)
8.4 Global Processed Meat Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Processed Meat Market Overview
9.1 Key Industry Highlights
9.2 North America Processed Meat Historical Market (2018-2023)
9.3 North America Processed Meat Market Forecast (2024-2032)
10 North America Processed Meat Market by Meat Type
10.1 Poultry
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Beef
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Pork
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 North America Processed Meat Market by Product Type
11.1 Frozen
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Chilled
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Canned
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 North America Processed Meat Market by Application
12.1 HoReCa and Institutional
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Retail
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Processed Meat Market by Distribution Channel
13.1 Supermarkets and Hypermarkets
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Convenience Stores
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Retail Stores
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Online
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 North America Processed Meat Market by Country
14.1 United States of America
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Canada
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators of Demand
15.4 Key Indicators of Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Cargill, Incorporated
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 American Foods Group, LLC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Sysco
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 JBS S.A.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Tyson Foods, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Smithfield Foods, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Hormel Foods Corporation
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Koch Foods
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 National Beef Packing Company LLC
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 OSI Group
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Processed Meat Market: Key Industry Highlights, 2018 and 2032
2. North America Processed Meat Market: Key Industry Highlights, 2018 and 2032
3. North America Processed Meat Historical Market: Breakup by Meat Type (USD Billion), 2018-2023
4. North America Processed Meat Market Forecast: Breakup by Meat Type (USD Billion), 2024-2032
5. North America Processed Meat Historical Market: Breakup by Product Type (USD Billion), 2018-2023
6. North America Processed Meat Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
7. North America Processed Meat Historical Market: Breakup by Application (USD Billion), 2018-2023
8. North America Processed Meat Market Forecast: Breakup by Application (USD Billion), 2024-2032
9. North America Processed Meat Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
10. North America Processed Meat Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
11. North America Processed Meat Historical Market: Breakup by Country (USD Billion), 2018-2023
12. North America Processed Meat Market Forecast: Breakup by Country (USD Billion), 2024-2032
13. North America Processed Meat Market Structure
In 2023, the processed meat market in North America reached an approximate value of USD 34.1 billion.
The market is expected to grow at a CAGR of 3.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of2024-2032to reachUSD 44.8 billion by2032.
The major drivers of the market include higher purchasing power due to increased disposable income, busy schedules of consumers, advancements in production technology, and a high rate of production due to feed availability.
Key trends aiding market expansion include an increase in the number of processed meat retailers, growing demand for high-value animal protein and convenience food products, and increasing demand for convenience food products, among others.
Major regions in the market are the USA and Canada.
Processed meat is meat supplemented with additives and preservatives including acidifiers, minerals, salts, seasonings, and flavouring agents for end user consumption.
Key players in the industry are Cargill Incorporated, American Foods Group, LLC, Sysco, JBS S.A., Tyson Foods, Inc., Smithfield Foods, Inc., Hormel Foods Corporation, Koch Foods, National Beef Packing Company LLC, and OSI Group, among others.
Chicken is the most consumed meat in Canada.
22% of meat consumed in the US is processed meat.
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