Market Size of north america processed pork meat Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 5.56 Billion |
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Market Size (2029) | USD 6.32 Billion |
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Largest Share by Distribution Channel | On-Trade |
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CAGR (2024 - 2029) | 2.58 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Processed Pork Meat Market Analysis
The North America Processed Pork Meat Market size is estimated at 5.56 billion USD in 2024, and is expected to reach 6.32 billion USD by 2029, growing at a CAGR of 2.58% during the forecast period (2024-2029).
5.56 Billion
Market Size in 2024 (USD)
6.32 Billion
Market Size in 2029 (USD)
4.88 %
CAGR (2017-2023)
2.58 %
CAGR (2024-2029)
Largest Segment by Distribution Channel
53.93 %
value share, On-Trade, 2023
The widened choice for on-the-go foodservice among consumers in the region with a preference for low-priced processed meat, in particular, is driving the segmental growth.
Largest Segment by Country
88.63 %
value share, United States, 2023
Higher purchasing power, consumers' consumption patterns, and changing lifestyles are some of the major factors driving the market for processed pork in the United States.
Fastest-growing Segment by Distribution Channel
3.34 %
Projected CAGR, Off-Trade, 2024-2029
The purchases through online channels, supermarkets, and hypermarkets are driving the off-trade segmental growth, with innovations in delivery and self-checkouts.
Fastest-growing Segment by Country
3.30 %
Projected CAGR, Mexico, 2024-2029
The rising pig herd population is driving the pork processing industry in the country, with the country trying to rely on domestic production rather than imports.
Leading Market Player
19.24 %
market share, Tyson Foods Inc., 2022
The company's wide range of product offerings, along with the expanding pork manufacturing units, is supporting the company's growth in the processed pork segment.
Advanced technologies in retail channels are propelling the market’s growth
- On-trade sales of processed pork meat dominated the market in North America in 2022. Foodservice sales for processed pork meat recalibrated to higher levels due to pork's high per capita consumption. On average, Americans spent around USD 2,994 on food away from home, such as at restaurants, in 2022. The share of food away from home increased to 58% in 2022 compared to 46% compared to the previous year. This could be primarily attributed to the increased awareness among consumers looking for nutritional menus and the growing interest in locally sourced meat.
- The off-trade channel is projected to be the fastest-growing distribution channel, registering a CAGR of 3.37% during the forecast period (2023-2029). This increase can be attributed to the rising demand for processed pork products, which are widely accessible in supermarkets, hypermarkets, convenience stores, and online retailers. Free checkout and the availability of more authentic processed pork meat products with clean labels in supermarkets are expected to increase the overall demand through the off-trade channel segment.
- The advancements in technology are also driving sales through restaurant channels. For instance, as of 2022, around 90% of restaurants were focused on increasing kitchen automation technology, boosting the sales of food away from home. Moreover, the rise in online delivery channels over the past three years and the rapid usage of social media have boosted the exposure of product availability in the region. For instance, in the United States, online grocery customers prefer click-and-collect services over home delivery. In 2021, customers viewed around 4.4 times more products, including meat products, and spent six times more on online sites.
Understand The Key Trends Shaping This Market
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Expansions by the market players increase the availability of products, thus fueling the sales
- Processed pork sales increased in North America, registering a CAGR of 2.59% by value during the forecast period (2023-2029). Companies are investing in product expansions within the processed pork meat market. For instance, Hormel Foods Corporation, Tyson Foods Inc., and Conagra Brands Incorporated are innovating products and offering a wide range of processed pork like sausages, bacon, and turkey through supermarkets and online stores. Furthermore, the processing of pork products has extended the product's shelf life as consumers have adopted a stockpiling nature, which, in turn, increased the per capita consumption to 23.68 kg per capita as of 2022, further boosting the sales.
- The United States holds the major share of the processed pork meat market in the North American region. During 2020-2022, the processed pork meat market registered a growth of 7.3% by value. There was robust demand for pork, and the increase in demand led to a trade surplus in 2020. Pork exports in 2020 were sevenfold higher than pork imports, increasing by more than 15%. The United States is the third-largest pork producer in the world.
- Mexico holds the second-largest share in the North American processed pork meat market after the United States. It is anticipated to register a CAGR of about 3.33% by value during the forecast period. Pork production in the country is growing due to the increased demand in domestic retail and export opportunities to China, Japan, and South Korea. From 2019 to 2022, demand for pork meat in Mexico increased due to the escalation of adverse macroeconomic conditions and the shift of retail consumers from beef to pork since the latter is a cheaper animal protein.
