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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Processed Meat Market Size
The North America processed meat market 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.
Key Takeaways
- In 2020, exports accounted for over 10% of the U.S. domestic beef production, as per Foreign Agriculture Service, U.S. Department of Agriculture.
- In the USA, 22% of meat consumed is processed meat.
- According to the USDA, meat processing is the largest industry group in terms of sales, employment, and value added.
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 Report Snapshots
North America Processed Meat Market Size
North America Processed Meat Market Trends
North America Processed Meat Market Regional Analysis
North America Processed Meat Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124