Market Size of united states processed pork meat Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 4.93 Billion |
|
|
Market Size (2029) | USD 5.56 Billion |
|
Largest Share by Distribution Channel | On-Trade |
|
|
CAGR (2024 - 2029) | 2.44 % |
|
|
Fastest Growing by Distribution Channel | Off-Trade |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
United States Processed Pork Meat Market Analysis
The United States Processed Pork Meat Market size is estimated at 4.93 billion USD in 2024, and is expected to reach 5.56 billion USD by 2029, growing at a CAGR of 2.44% during the forecast period (2024-2029).
4.93 Billion
Market Size in 2024 (USD)
5.56 Billion
Market Size in 2029 (USD)
4.80 %
CAGR (2017-2023)
2.44 %
CAGR (2024-2029)
Largest Segment by Distribution Channel
53.22 %
value share, On-Trade, 2023
The increasing number of restaurants and the varieties of pork items are attracting more consumers to on-trade channels in the United States.
Fastest-growing Segment by Distribution Channel
3.30 %
Projected CAGR, Off-Trade, 2024-2029
The availability of a wide range of products with several brand options for processed pork and the ease of free checkout and delivery options are aiding the market's growth.
Leading Market Player
17.34 %
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.
Second Leading Market Player
8.50 %
market share, JBS SA, 2022
The company offers more than 10 types of processed pork items made through sustainable methods. It has been implementing various strategies, like new product launches.
Third Leading Market Player
7.88 %
market share, WH Group Limited, 2022
The company provides a wide range of processed pork items to the retail and foodservice sectors, and it has deployed its technology across pork processing facilities.
The incorporation of advanced technologies is improving the shopping experience, thereby increasing sales in off-trade channels
- On-trade dominates the distribution channel for processed pork meat by value. The consumption of pork meat increased through the on-trade channel, accounting for around 15 kg per year. Restaurants and foodservices offer processed pork in the form of deli meats, cooked ham, and rolls with additional flavors and smooth texture, attracting consumer interest. As of 2022, there were more than 45,000 Chinese restaurants across the United States, and pork is an integral part of the menu in Cantonese restaurants, including Pork Chops and Char Siu.
- The off-trade channel is expected to be the fastest-growing distribution channel and register a CAGR of 3.33% by value during the forecast period (2023-2029). Doorstep delivery of processed pork products and easy ordering options, along with the rising demand for processed pork products, are encouraging the use of online channels and supermarkets/hypermarkets. The consumption of processed pork is increasing, as US consumers who prefer beef and fowl are now eating more pork than ever due to its lower price, which is more than 50% less than the beef price per kg.
- Online grocery customers in the United States prefer click-and-collect over home delivery as their preferred fulfillment option. Customers viewed 4.4 times more products, including processed meat products, and spent six times more time on internet sites in 2022, making online grocery channels the fastest-growing. During the forecast period, the online channel is expected to record a CAGR of 18.22% in terms of value. However, modern supermarket technologies such as free checkout, artificial intelligence, and auto-billing with clean-label meat goods are projected to boost the total demand for red meat through the off-trade channel.
Understand The Key Trends Shaping This Market
