Please Wait.....
Report
North America Edible Meat Market - Size, Share, Covid-19 Impact & Forecasts Up To 2028
Market Report I 2023-01-23 I 247 Pages I Mordor Intelligence
The North America Edible Meat Market is projected to register a CAGR of 0.86%
Key Highlights
Largest Segment by Type - Beef : The beef segment is dominated by the fresh/chilled form. However, the prevalence of convenient, quick-service and healthy eating is driving the demand for processed beef.
Largest Segment by Country - United States : Higher purchasing power, the inclusion of meat in all courses, and high productivity due to feed availability are some of the major factors driving the US market.
Fastest-growing Segment by Type - Poultry : Product consistency, surge in regional production and higher protein/lower fat content are some of the major factors influencing the higher poultry consumption in the region.
Fastest-growing Segment by Country - Mexico : In Mexico, consumers mainly prefer poultry meat as it is an affordable animal protein. The country is dependent on the imports of poultry from the United States and Brazil.
North America Edible Meat Market Trends
Beef is the largest segment by Type.
The North American edible meat market is driven by beef, which had the highest growth rate, by value, in 2021, and it is expected to register a CAGR of 8.82% over the forecast period. A change in the consumption pattern was observed among US shoppers, with 28% of shoppers focused on choosing nutritious and healthy meat in 2021. This trend was evident throughout the COVID-19 pandemic, with sales of grass-fed beef growing much faster, up by 45% in value compared to 2020.
The decrease in sheep and lamb production has been accompanied by higher prices, which have been responsible for the greater production costs. Production is priced 20% higher than any other meat in the region. Shortages in supply and high prices diminished the consumption of sheep and lamb and prevented their growth. Pork is the fastest-growing meat type in the North American region, and it is expected to reach a CAGR of 0.85% during the forecast period. Pork consumption remains relatively steady, with fluctuations occurring due to price changes associated with supply.
The government and regulatory authorities are taking additional steps to stabilize the pig farming sector in the region. The United States Department of Agriculture's Farm Service Agency (FSA) approved more than USD 545 million in payments to producers who applied for the Coronavirus Food Assistance Program. These payments address the needs of producers who have suffered a 5% or larger price decline due to COVID-19 and face high additional costs due to lower demand, surplus production, and disruptions to marketing and shipping. In 2020, the number of pigs slaughtered in the United States reached 2,452,000.
United States is the largest segment by Country.
The North American edible meat market witnessed significant growth in sales, registering a CAGR of 4.77% during 2016-2021. Among North American countries, Mexico is anticipated to register the highest CAGR of 1.38% during the forecast period. Consumers' preferences for meat types have been shifting, with many people opting for poultry over beef, largely due to environmental concerns. Beef production requires about sevenfold more land and emits sevenfold more greenhouse gases than chicken.
Other factors responsible for the change in consumer trends are the high cost of beef and the changing dietary preferences among consumers toward plant-based diets.
The growth rate of edible meat sales declined in the region, mainly due to the COVID-19 pandemic. The market grew at a rate of 6.52% in 2019, while it only witnessed a 5.7% growth in 2020. Major interruptions in meat supply following the closure of several abattoirs led to customers looking for other options, such as plant-based meat alternatives and mock meat products. Nationwide lockdowns also increased e-commerce sales for various businesses as it became easier for companies to present and sell their products online.
The market is expected to witness meager growth during the forecast period compared to the 5.81% growth rate in 2021. Edible meat sales in the region are anticipated to register a CAGR of 0.92% during the forecast period. Foreign market demand for products from North America keeps up the growth of the existing market of North American edible meat products.
North America Edible Meat Market Competitor Analysis
The North America Edible Meat Market is moderately consolidated, with the top five companies occupying 41.58%. The major players in this market are Cargill, Incorporated, Hormel Foods Corporation, Marfrig Global Foods SA, Sysco Corporation and Tyson Foods, Inc. (sorted alphabetically).
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 EXECUTIVE SUMMARY & KEY FINDINGS
2 INTRODUCTION
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study?
2.3 Research Methodology
3 KEY INDUSTRY TRENDS
3.1 Price Trends
3.2 Production Trends
3.3 Regulatory Framework
3.4 Value Chain & Distribution Channel Analysis
4 MARKET SEGMENTATION
4.1 Type
4.1.1 Beef
4.1.2 Mutton
4.1.3 Pork
4.1.4 Poultry
4.1.5 Other Meat
4.2 Form
4.2.1 Fresh / Chilled
4.2.2 Frozen / Canned
4.2.3 Processed
4.3 Distribution Channel
4.3.1 Off-Trade
4.3.1.1 Convenience Stores
4.3.1.2 Online Channel
4.3.1.3 Supermarkets And Hypermarkets
4.3.1.4 Others
4.3.2 On-Trade
4.4 Country
4.4.1 Canada
4.4.2 Mexico
4.4.3 United States
4.4.4 Rest Of North America
5 COMPETITIVE LANDSCAPE
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Landscape
5.4 Company Profiles
5.4.1 Cargill, Incorporated
5.4.2 Continental Grain Company
5.4.3 Foster Farms Inc.
5.4.4 Hormel Foods Corporation
5.4.5 JBS SA
5.4.6 Marfrig Global Foods SA
5.4.7 NH Foods Ltd
5.4.8 OSI Group
5.4.9 Perdue Farms Inc.
5.4.10 Sysco Corporation
5.4.11 The Clemens Family Corporation
5.4.12 The Kraft Heinz Company
5.4.13 Tyson Foods, Inc.
5.4.14 Vion Group
6 KEY STRATEGIC QUESTIONS FOR MEAT INDUSTRY CEOS
7 APPENDIX
7.1 Global Overview
7.1.1 Overview
7.1.2 Porter's Five Forces Framework
7.1.3 Global Value Chain Analysis
7.1.4 Market Dynamics (DROs)
7.2 Sources & References
7.3 List of Tables & Figures
7.4 Primary Insights
7.5 Data Pack
7.6 Glossary of Terms
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security