Market Size of united states processed meat Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 10.44 Billion |
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Market Size (2029) | USD 11.72 Billion |
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Largest Share by Type | Pork |
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CAGR (2024 - 2029) | 2.34 % |
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Fastest Growing by Type | Beef |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
United States Processed Meat Market Analysis
The United States Processed Meat Market size is estimated at 10.44 billion USD in 2024, and is expected to reach 11.72 billion USD by 2029, growing at a CAGR of 2.34% during the forecast period (2024-2029).
10.44 Billion
Market Size in 2024 (USD)
11.72 Billion
Market Size in 2029 (USD)
5.67 %
CAGR (2017-2023)
2.34 %
CAGR (2024-2029)
Largest Segment by Distribution Channel
54.45 %
value share, On-Trade, 2023
Fast food outlets or restaurants with extensive menus comprising Chinese cuisines that use processed meat products have fueled the market growth in the United States.
Largest Segment by Type
47.08 %
value share, Pork, 2023
Products such as bacon, sausages, and ham have boosted the demand for processed pork items in the North American region as they are majorly consumed for breakfast and lunch.
Fastest-growing Segment by Distribution Channel
2.80 %
Projected CAGR, Off-Trade, 2024-2029
Purchases through online channels and supermarkets/hypermarkets, along with the innovations in processed meat delivery and self-checkouts, are driving the segment's growth.
Fastest-growing Segment by Type
3.51 %
Projected CAGR, Beef, 2024-2029
Ground beef, luncheon meat, sausages, hot dogs, salami, pepperoni, burgers and beef jerky are the most popular processed beef products consumed in the United States.
Leading Market Player
35.73 %
market share, Tyson Foods Inc., 2022
An extensive range of product offerings that include processed meat and the brand-conscious consumers of the country support Tyson's domination over the market studied.
Affordability and product innovations are boosting the market
- Processed meat has been growing steadily and is expected to register a CAGR of 2.36% by value from 2023 to 2029. Factors such as affordability, convenience, wide availability, and acceptable taste boost market sales. The processed meat industry is experiencing constant innovation and multiple iterations of the same product. The ongoing trend in the processed category is clean-label and all-natural products. Low-sodium, low-fat, low-calorie, no MSG, and free from additives and preservatives are some popular claims on labels in the processed meat product category.
- The most consumed processed meat type is processed pork, which grew by 28.38% by value from 2017 to 2022. Although some communities or regions do not eat pig, it is one of the most popular processed meats in the United States. Lunch meats, hot dogs, bacon, sausage, smoked ham, and other processed pork make up the category of processed pork. Among the various ethnicities in the country, processed pork is popular among the African-American and Hispanic communities.
- The fastest-growing segment of processed meat is the beef category, which is projected to record a CAGR of 3.51% by value during the forecast period. Minced beef, beef patties, sausages, etc., are the country's primarily sold processed beef items. However, in recent times, the market has seen a growing popularity of marinated beef portions, especially steak cuts. With the marinated meats, consumers have found themselves cooking home-style, and the opportunity has allowed them to try unique flavors and complicated recipes. Sweet Bourbon Marinated, Steakhouse Marinated, Teriyaki Marinated, etc., are some of the popular marinated options in the market.
Understand The Key Trends Shaping This Market
