US Meat & Poultry Product Market, By Products (Pork, Poultry, Beef & Veal, and Lamb), By End Use (Fresh & Frozen and Processed), and Geography (NA, EU, APAC, and RoW) ? Analysis, Share, Trends, Size, & Forecast From 2017 ? 2028
2022-08-01
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Summary
REPORT HIGHLIGHT
The US meat & poultry product shipment totaled USD 203.8 billion in 2017, growing with 4.2% CAGR during the forecast period, 2018-2028
A steadily rising population and the dietary requirement for protein confer stability to the US market for meat and poultry products. Furthermore, beef and poultry are staples of ubiquitous fast food restaurants due to factors such as ease of preparation and low cost. US producers also benefited from a predominantly urbanized population and the fact that domestic market penetration by foreign firms is limited in most categories, owing to factors such as high costs of transporting these products and food safety concerns. At the same time, the US meat and poultry industry exerts its influence throughout the world, bolstered by abundant resources for raising animals and a reputation for quality among many international consumers.
Products Takeaway
Pork
Poultry
Beef & Veal
Lamb & Other
Beef & Veal segment accounted for significant revenue share owing to the rising product demand. Also, pork products is estimated to grow with promising growth rate over the study period. Persistent demand growth in many export markets will support rising shipment of this products. As an additional boost, South Korea began phasing out existing tariffs on pork product imports in 2014, with all such tariffs slated for elimination by 2021. Ractopamine ? a growth hormone that is often included in US animal feed ? is banned in many countries, impeding US meat exports.
End-use Takeaway
Fresh & Frozen
Processed
Over the forecast period, increased levels of consumer spending and a trend toward convenience food will drive sales of higher-cost, value-added products in the Fresh & Frozen and Processed categories. While fresh meat and poultry is broadly considered healthier than processed varieties, the latter are generally less expensive and more conducive to on-the-go consumption.
Key Vendors Takeaway
Tyson Foods
Cargill
Greater Omaha Packing Company
Hormel Foods
Sanderson Farms
Seaboard Corporation
JBS
Barriers to entry are relatively low for small companies that sell meat and poultry products locally, because small-scale operations do not require using expensive processing equipment. Companies are actively engaged in strategic merger and acquisition to expand their market presence. For example, in March 2017, JBS announced that it was acquiring Plumrose USA, a US-based producer of bacon, ham, and deli meat. The acquisition aimed to expand company?s product portfolio and brand offerings as well as its customer base and geographic distribution in the country.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year ? 2017 ? 2021
Base Year ? 2021
Estimated Year ? 2022
Projected Year ? 2028
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCTS
Pork
Poultry
Beef & Veal
Lamb & Other
MARKET, BY END USE
Fresh & Frozen
Processed
Region
Regional
TABLE OF CONTENT
1. U.S. MEAT & POULTRY PRODUCT MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product
2.1.2. Market Snippet by End Use
2.2. Competitive Insights
3. U.S. MEAT & POULTRY PRODUCT KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. U.S. MEAT & POULTRY PRODUCT INDUSTRY STUDY
4.1. Porter?s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. U.S. MEAT & POULTRY PRODUCT MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. U.S. MEAT & POULTRY PRODUCT MARKET ? BY PRODUCT
6.1. Overview
6.1.1. Segment Share Analysis, By Product, 2017 & 2028 (%)
6.2. Pork
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
6.3. Poultry
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
6.4. Beef & Veal
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
6.5. Lamb & Other
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
7. U.S. MEAT & POULTRY PRODUCT MARKET ? BY END USE
7.1. Overview
7.1.1. Segment Share Analysis, By End Use, 2017 & 2028 (%)
7.2. Fresh & Frozen
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
7.3. Processed
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2017 ? 2028, (US$ Million)
8. KEY VENDOR ANALYSIS
8.1. Tyson Foods
8.1.1. Company Snapshot
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Cargill
8.2.1. Company Snapshot
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Greater Omaha Packing Company
8.3.1. Company Snapshot
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Hormel Foods
8.4.1. Company Snapshot
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Sanderson Farms
8.5.1. Company Snapshot
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Seaboard Corporation
8.6.1. Company Snapshot
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. JBS
8.7.1. Company Snapshot
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
9. 360 DEGREE ANALYSTVIEW
10. APPENDIX
10.1. Research Methodology
10.2. References
10.3. Abbreviations
10.4. Disclaimer
10.5. Contact Us
List of Figures
FIGURE U.S. Meat & Poultry Product market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter?s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Product segment market share analysis, 2017 & 2028
FIGURE Product segment market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Pork market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Poultry market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Beef & Veal market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Lamb & Other market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE End Use segment market share analysis, 2017 & 2028
FIGURE End Use segment market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Fresh & Frozen market size forecast and trend analysis, 2014 to 2028 (USD Million)
FIGURE Processed market size forecast and trend analysis, 2014 to 2028 (USD Million)
