North America Processed Meat Market - Growth, Trends, and Forecast (2020 - 2025)

North America Processed Meat Market is segmented by Meat Type into Poultry, Beef, Pork, Mutton and Other Meat Types; By Product Type into Chilled, Frozen and Canned/Preserved; By Distribution Channel into Hypermarket/Supermarket, Convenience Stores, Online Retailing and Others; & Country.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

2.7 %

Major Players:

Largest Market:

United States

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Market Overview

The North America Processed Meat Market is forecasted to reach USD 96.2 billion by 2025 growing at a CAGR of 2.7%during the forecast period (2019 - 2025). 

  • The increasing demand for high-value animal protein, and convenience food products,  which the processed meat retail firms have been offering to their customers drive North America’s processed meat market. The innovation in processing technologies has led to the introduction of diverse products in the market, thereby, ensuring a bigger consumer base. Furthermore, the rising middle-class and working women population will also boost the demand for processed meat items, as these items reduce the preparation, cooking and clean-up times.
  • In the segmentation font, by product, it has been witnessed that frozen meat holds a substantial share in this market and is expected to rise due to increased usage of hotdogs & salami and greater shelf-life; followed by canned meat, which also holds a significant share with its usage in daily meals.

Scope of the Report

The processed meat market for the North American region is studied for different types of processed meat products available in the market across the globe, primarily includes poultry, Beef, Pork, Mutton and Other Meat Types. Each of these types is available in different forms such as Chilled, Frozen and Canned/Preserved. The processed meat products are actively distributed to a wide consumer base Hypermarket/Supermarket, Convenience Stores, Online Retailing and Others. The market is studied for each country across the North American region, including the United States, Canada, Mexico, and Rest of North America.

By Meat Type
Poultry
Beef
Pork
Mutton
Other Meat Types
By Product Type
Chilled
Frozen
Canned/Preserved
By Distribution Channel
Supermarket/Hypermarket
Convenience Stores
Online Retail Stores
Other Distribution Channels
By Country
United States
Canada
Mexico
Rest of North America

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Key Market Trends

Poultry Meat Dominates The North American Market

The chicken poultry meat segment has the highest share in the processed poultry meat market and is expected to continue the same over the forecast period, followed by turkey meat and others. Chicken and turkey deli meats are the dominating segments in the regions as they consider them as healthier options over non-poultry meats. Furthermore, the United States is the world’s largest exporter of poultry meat and major egg producer. Changing dietary patterns and consumers preferring leaner meats/ vegetarian options has resulted in a demand for poultry meat. Additionally, a decline in the consumption of beef has also driven the market for poultry.  The market is further expanded with a rise in the cost of beef. For instance, beef recorded USD 5.36 per pound whereas broiler chicken was only USD 2.03 per pound. This created an opportunity for the poultry industry to expand growth during the coming years.

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United States And Canada To Drive The North America Processed Meat Market

Consumers in countries such as the United States and Canada have started opting for meat-based breakfast options, including bacon, over other breakfast options, such as pancakes, due to the changing palates and willingness to try new products. A significant percentage of the population in the United States consume bacon during breakfast time, paving the way for more foodservice outlets to introduce bacon-based breakfasts. As the meat sector is a great source of pride and prosperity to many Canadians, the government is taking initiatives to help the producers and processors of red meat mainly bacon to become more innovative and competitive in domestic and world markets. For instance, in 2016, the Governments of Canada and Manitoba invested USD 5.9 million in Maple Leaf Food’s Winnipeg-based facility to expand the bacon production by eight million kilograms every year. The strategic investment is for the purchase of new processing and packaging equipment for bacon production.

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Competitive Landscape

The north america processed meat market is competitive and fragmented in nature owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. For instance, in February 2018, Tyson Foods Inc. is focused on innovating and brand building to keep its multiple billion-dollar brands that are already customer favorites contemporary and relevant. It is launching Egg’wiches in May, a new line of frozen breakfast sandwiches without the bread, plus new egg white scrambles to build on the success of Jimmy Dean Simple Scrambles Breakfast Cups. Some of the key players of the processed meat market in North American region includes BRF S.A., Cargill Inc., Cherkizovo Group, Foster Farms, Hormel Foods, Marfrig Group, National Beef, Nippon Meat Packers Inc., Perdue Farms, Pilgrim’s Pride, Sadia S.A., Sanderson Farms Inc., Shuanghui International, Smithfield Foods Inc., and Tyson Foods Inc., among others.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Meat Type

      1. 5.1.1 Poultry

      2. 5.1.2 Beef

      3. 5.1.3 Pork

      4. 5.1.4 Mutton

      5. 5.1.5 Other Meat Types

    2. 5.2 By Product Type

      1. 5.2.1 Chilled

      2. 5.2.2 Frozen

      3. 5.2.3 Canned/Preserved

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarket/Hypermarket

      2. 5.3.2 Convenience Stores

      3. 5.3.3 Online Retail Stores

      4. 5.3.4 Other Distribution Channels

    4. 5.4 By Country

      1. 5.4.1 United States

      2. 5.4.2 Canada

      3. 5.4.3 Mexico

      4. 5.4.4 Rest of North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Conagra, Inc.

      2. 6.4.2 Foster Farms

      3. 6.4.3 Farmland Foods

      4. 6.4.4 Hormel Foods Corporation

      5. 6.4.5 BRF SA

      6. 6.4.6 Koch Foods

      7. 6.4.7 Marfig Group

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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