United States Processed Meat Market Growth Trends Report 2025-2033: Consumer Demand for Convenience, Demand from Food Service Industry, Intense Competition, Rising Raw Material Costs
The 'United States Processed Meat Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to ResearchAndMarkets.com's offering.
United States Processed Meat market is expected to reach US$ 168.5 billion by 2033 from US$ 117.9 billion in 2024, with a CAGR of 4.05% from 2025 to 2033
Market sales are increased by elements including accessibility, price, ease of use, and palatable flavor. There are numerous variations of the same product and ongoing innovation in the processed meat sector. In the processed category, clean-label and all-natural products are still popular. Popular claims on labels for processed meat products include low-sodium, low-fat, low-calorie, no MSG, and free of additives and preservatives.
The market for processed meat is extensively used in institutional and retail contexts. Due to consumer preferences for shopping at supermarkets, hypermarkets, and online, retail sales are significant. Additionally, demand is driven by the food service business, specifically the HoReCa sector.
In order to meet the needs of animals for protein, vitamins, or minerals, forage-based diets are strategically supplemented by technology-driven meat manufacturers in the United States. With a nearly 30% market share in 2022, the US ranks among the world's top producers of beef. In 2022, the nation's beef production increased by 354.9 million pounds to 28.4 billion pounds. Missouri, Texas, Oklahoma, and Ohio are the leading beef-producing states in the United States. About 2.9 million cattle were killed in Ohio in 2022, making it one of the top beef-producing states in the country. Additionally, Ohio produced 2% more beef in 2022 than it did in 2021.
Additionally, Cargill Inc. acquired two meat facilities from longtime partner Ahold Delhaize USA in February 2024. To increase its production and supply merchants in the Northeast region of the nation with supermarket-case-ready beef and pork, the company has made investments in two processing facilities.
Growth Drivers for the United States Processed Meat Market
Rising Consumer Demand for Convenience
The market for processed meat in the United States is expanding due in large part to rising customer desire for convenience. Customers are looking for products that require little cooking time and rapid preparation because their lives are becoming more and more hectic. Processed meats that are ready to eat, such cold cuts, sausages, and deli meats, meet this need well and offer a convenient option for meals and snacks.
Furthermore, frozen processed beef products are becoming more and more well-liked due to their extended shelf life and ease of meal preparation. The need for quick, easy food options has increased as more people work longer hours and value convenience. As a result of this change, processed meat sales have increased in supermarkets, convenience stores, and online marketplaces, bolstering the U.S. market's ongoing growth.
Increased Disposable Income
The US processed meat business is expanding as a result of customers' increased ability to spend more on high-end goods due to their increased disposable income. Consumers are willing to spend more for premium processed meats, like organic, grass-fed, and gourmet varieties, when family earnings improve.
Consumer desires for quality and transparency in food sources are expanding, and these high-end items are perceived as healthier, more sustainable, and better tasting. Additionally, consumers are more likely to experiment with specialized meats like premium cuts, cured meats, and artisanal sausages as their discretionary income increases. This tendency is especially prevalent among wealthy, health-conscious consumers who are prepared to spend money on high-end foods, which is driving up demand for upscale processed beef products and opening up new markets.
Demand from Food Service Industry
One of the main factors propelling the processed meat market in the United States is the expanding demand from the food service sector. Processed meats are widely employed in a variety of menu items, such as sandwiches, burgers, wraps, salads, and breakfast options, as the fast-food and restaurant industries continue to grow. Popular processed meats including deli meats, bacon, sausage, and ham are used extensively in quick-service and fast-casual restaurants since they are essential to many restaurant recipes.
Additionally, because processed meats are simple to handle, store, and cook in big numbers, the growing popularity of delivery and takeout services has increased the use of processed meats. The food service industry's increasing reliance on processed meats fosters market expansion and opens up new business prospects for producers.
Challenges in the United States Processed Meat Market
Intense Competition
The increased popularity of plant-based meat substitutes is a major factor driving the fierce competition in the US processed meat sector. Customers who are worried about the health hazards of processed meats, such as their high sodium content, preservatives, and saturated fats, are drawn to these substitutes, which are frequently promoted as better and more ecologically friendly options.
Products derived from plants, such as soy, pea protein, and mushrooms, are thought to address these issues and satisfy consumers' growing need for cruelty-free and sustainable food sources. In order to stand out from the competition and hold onto market share, traditional processed meat companies are under pressure to innovate, whether through cleaner labels, healthier formulations, or new product offers. In order to remain competitive in a changing market, meat producers are being forced to reconsider their tactics due to the trend toward plant-based diets.
Beef's popularity and versatility may drive dominance in processed meats
Beef could be a dominant meat type in the U.S. processed meat market. This is because of its enormous reputation and adaptable utilization. With a wealthy flavor profile and diverse applications, beef merchandise attracts a broad purchaser base. Its adaptability in various processed meat forms, such as sausages, burgers, and deli meats, makes it a staple in American diets. Further, the established beef enterprise infrastructure ensures steady supply and quality, further solidifying beef's prominent role in the United States processed meat market.
Chilled processed meat's freshness and convenience may lead market dominance
Chilled processed meat holds the potential for the largest share of the United States processed meat. This is because of its freshness, enchantment, and convenience. With purchasers increasingly prioritizing convenience without compromising quality, chilled processed meat products provide stability in shelf life and freshness. These merchandises undergo minimal processing, retaining natural flavors and textures, which resonates nicely with health-aware consumers. Further, the extensive availability of refrigeration infrastructure guarantees the accessibility and preservation of chilled processed meat. This is contributing to its dominance in the U.S. processed meat market.
Hypermarkets and supermarkets drive significant sales in the processed meat market
Hypermarkets and supermarkets are among the leading sections of the United States processed meat market. This is because of their massive reach and various product offerings. These retail giants offer a wide selection of processed meat products under one roof, imparting comfort and range to purchasers. Also, their strategic locations and efficient supply chain control ensure regular availability and competitive pricing. The extensive client base and promotional activities further bolster their dominance, making hypermarkets and supermarkets the preferred destination for processed meat purchases in the U.S.
Company Analysis: Overview, Recent Developments, Revenue Analysis
Hormel Foods
Tyson Foods
Conagra Brands Inc.
General Mills
Kraft Heinz Company
Cargill, Incorporated
Pilgrim's Pride Corp.
Key Attributes:
Report Attribute Details
No. of Pages 70
Forecast Period 2024 - 2033
Estimated Market Value (USD) in 2024 $117.9 Billion
Forecasted Market Value (USD) by 2033 $168.5 Billion
Compound Annual Growth Rate 4.0%
Regions Covered United States
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Unites States Processed Meat Market
6. Market Share
6.1 By Meat Types
6.2 By Processed Types
6.3 By Distribution Channels
7. Meat Types
7.1 Poultry
7.2 Beef
7.3 Pork
7.4 Others
8. Processed Types
8.1 Frozen
8.2 Chilled
8.3 Canned
9. Distribution Channels
9.1 Hypermarkets and Supermarket
9.2 Convenience Stores
9.3 Online Retail Stores
9.4 Others
10. Porter's Five Forces
10.1 Bargaining Power of Buyer
10.2 Bargaining Power of Supplier
10.3 Threat of New Entrants
10.4 Rivalry among Existing Competitors
10.5 Threat of Substitute Products
11. SWOT Analysis
11.1 Strengths
11.2 Weaknesses
11.3 Opportunities
11.4 Threats
12. Key Players Analysis
For more information about this report visit https://www.researchandmarkets.com/r/md0ppy
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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KEYWORD: UNITED STATES NORTH AMERICA
SOURCE: Research and Markets
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PUB: 04/11/2025 04:43 AM/DISC: 04/11/2025 04:43 AM
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Egg prices fell 2.7% in May to headline a month that saw grocery inflation rise from the prior month but continue to moderate as consumers search for relief from high food prices, which have weighed on household budgets for years. Food at home prices have now increased by less than 0.5% each month since October 2022. Wednesday's Consumer Price Index report showed that the index for food at home rose 0.3% last month, a rebound after recording a 0.4% drop in April to mark the largest monthly decline since 2020. May also marked the 27th straight month that inflation for food at home was below inflation for food away from home, per JPMorgan analyst Ken Goldman. Half of the major grocery store food groups saw an increase in April, and the other half saw a decline, reversing the downturn consumers saw across five categories in the prior month. Read more here. Tesla (TSLA) CEO Elon Musk's recent feud with his former ally President Trump put the spotlight on the risk of the electric vehicle stock's "Musk premium." Wall Street analysts and investors have varying opinions of Tesla and its controversial chief executive. But they agree on this: Tesla stock trades at higher levels than other electric vehicle companies. In other words, it trades at a premium because of Elon Musk. "If Elon Musk was gone tomorrow, [the] stock could get cut in half," Roth Capital Partners analyst Craig Irwin told Yahoo Finance. "There's no question there's a Musk premium in the shares." Irwin holds a Buy rating on Tesla stock. Others have different values for the Musk premium, ranging as high as 90%. Musk's foray into politics, particularly his recent feud with President Trump, showcased how quickly the premium on Tesla shares can erode. Read the story here. Yahoo Finance's Jennifer Schonberger reports: Read more here. Quantum computing stocks jumped in early trading Wednesday after Nvidia (NVDA) CEO Jensen Huang made bullish comments about the technology at the chipmaker's GTC Paris developer conference. Quantum Computing (QUBT) rose more than 31% after market open, while Rigetti Computing (RGTI) jumped more than 18%. IonQ (IONQ) rose over 8%. The companies make quantum computing hardware and software. By comparison, the S&P 500 (^GSPC) was up about 0.2%. Huang told a crowd Wednesday that 'we are within reach' of using quantum computers for 'areas that can solve some interesting problems in the coming years.' 'Quantum computing is reaching an inflection point,' he said. Read more here. US stocks were muted at the open on Wednesday as investors digested a softer-than-expected consumer inflation reading and assessed a US-China plan to salvage their trade truce. The Dow Jones Industrial Average (^DJI) slipped less than 0.1%, while the S&P 500 (^GSPC) was roughly flat. The tech-heavy Nasdaq Composite (^IXIC) climbed about 0.2%. Platinum (PL=F) extended gains Wednesday, rising to its highest level in four years after trading sideways for about a decade. Platinum prices were up 4% Wednesday morning to trade at $1,261.40 an ounce. Prices of the metal, which is used in electric vehicles, jewelry, and industrial applications, have soared 40% year to date. Bloomberg reports that strained supply has caused prices to increase, particularly as President Trump's tariffs disrupted trade flows and output declined in South Africa, the world's largest platinum producer. From Bloomberg: Read more here. Inflation didn't pickup as much as Wall Street expected in May. The latest data from the Bureau of Labor Statistics showed that consumer prices increased 2.4% over the prior year in May, an increase from April's 2.4% and in line with economists' forecast for 2.4%. But all other closely watched metrics from the release came in below expectations. On a month-over-month basis, prices increased 0.1%, lower than the 0.2% estimated by economists and the 0.2% increase seen in April. On a "core" basis, which strips out the more volatile costs of food and gas, prices in April climbed 0.1% over the prior month, lower than April's 0.2% rise and below consensus projections for a 0.3% increase. Over the last year, core prices rose 2.8%, unchanged from the prior month and below Wall Street's expectations for a 2.9% increase. The largest tech stocks in the market are once again leading the market higher. And in recent weeks, investor excitement surrounding Big Tech has trickled down to newly issued public offerings, such as stablecoin issuer Circle (CRCL) and Nvidia-baked CoreWeave (CRWV). Yahoo Finance's Josh Schafer writes in today's Morning Brief: Read more here. Economic data: Consumer Price Index (May); Real average hourly earnings (May); MBA Mortgage Applications (week ending June 6) Earnings: Chewy (CHWY), Oracle (ORCL), Vera Bradley (VRA), Victoria's Secret (VSCO) Here are some of the biggest stories you may have missed overnight and early this morning: The biggest IPOs look a lot like the biggest stocks in the market CPI inflation seen as rising in wake of 'Liberation Day' tariffs Musk feud shows how Big Tech can't count on Trump's favor US-China talks deliver plan for restoring trade truce Musk says he regrets some Trump posts: 'They went too far' General Mills is said to weigh sale of China Häagen-Dazs stores China rare-earth magnet maker gets green light for US exports Nvidia CEO: Quantum computing is at an inflection point Here are some top stocks trending on Yahoo Finance in premarket trading: GameStop (GME) stock fell 4% before the bell on Wednesday after posting its first quarter earnings the day prior. The US video game retailer announced net sales of $732.4M, down from $881.8M in the same period of 2024. Tesla (TSLA) stock rose 1% in premarket trading, after CEO Elon Musk backtracked on his comments towards President Trump. Musk said: 'I regret some of my posts about President @realDonaldTrump last week,' he said on his social-media platform, X. 'They went too far.' Victoria Secret's (VSCO) shares rose by 1% ahead of its earnings release on Wednesday. The retailer, which recently reported a cyberattack, is expected by analysts to reoort revenue of around $1.35B. Yahoo Finance's Allie Canal reports: Read more here. Gold prices are edging higher even after the US and China talks delivered a plan to ease trade tensions, a sign the market is not yet convinced of a breakthrough. Futures rose 0.7% to around $3,366 an ounce in early trading on Wednesday. Bloomberg reported: Read more here. US stocks took a breather on Wednesday as investors digested a softer-than-expected inflation reading and assessed a US-China plan to salvage their trade truce. The Dow Jones Industrial Average (^DJI) was roughly flat, losing just one point on the day, while the S&P 500 (^GSPC) sagged more than 0.3%. The tech-heavy Nasdaq Composite (^IXIC) led the declines, falling almost 0.6%. Oil surged more than 4% on Wednesday following a Reuters report that the US embassy in Iraq is preparing for a partial evacuation amid security threats. The surge came after the report, citing US and Iraqi sources, said employees were preparing for an ordered departure because of heightened risks in the area. West Texas Intermediate (CL=F) futures gained more than 4% to settle at $68.15 per barrel. Brent crude (BZ=F), the international benchmark, also jumped more than 4% to settle at $69.77 per barrel. Crude had rallied earlier in the session after President Trump said the US had reached a trade framework deal with China. Futures also gained after Trump said in an interview he was less confident that Washington would reach a nuclear deal with Iran, a top oil producer. Yahoo Finance's Jennifer Schonberger reports: Treasury Secretary Scott Bessent told lawmakers he would like to remain in his seat until 2029, but he did not dismiss the possibility of becoming the next chair of the Federal Reserve. He was asked in an appearance before the House Ways and Means Committee if he would rather be Fed chair or Treasury secretary — a possible reference to a media report that his name is now being circulated as a possible replacement for Jerome Powell once Powell's term as chair of the Fed expires next May. Bessent said he has "the best job" in Washington and is "happy to do what President Trump wants me to do," while noting that "I would like to stay in my seat through 2029" to help carry out the administration's agenda. Read more here. President Trump's Truth Social posts aren't moving markets like they used to. At 8:04 a.m. ET Wednesday morning, the President posted on his social media platform, "OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME." A post like that would've moved markets a month ago as stocks were swinging on any and every Trump update. But on Wednesday, futures tied to the major indexes barely budged after Trump's post. Instead, stocks found their direction from economic data. At 8:30 a.m. ET a cooler-than-expected reading of consumer prices for May sent futures higher as investors amped up bets that the Federal Reserve could cut interest rates at least twice this year. This marked the latest sign that markets have moved on from President Trump's trade war dictating every market move. Instead, focus is shifting back to the Federal Reserve and the path of the US economy. "For some period of time, tariffs were the only thing that mattered," Truist Co-CIO Keith Lerner told Yahoo Finance on Wednesday. "And I think we're finding out today a lot of other factors matter." And for now, economists argue the economic picture may be improving. "Combined with the solid May jobs report, the CPI data reduce the chances of a nasty bout of stagflation," Bank of America US economist Stephen Juneau wrote in a note to clients on Wednesday. "That means a lower risk of "bad" cuts (due to a collapse in the labor market) but increased probability of "good" cuts (solid labor market and slowing inflation)." Egg prices fell 2.7% in May to headline a month that saw grocery inflation rise from the prior month but continue to moderate as consumers search for relief from high food prices, which have weighed on household budgets for years. Food at home prices have now increased by less than 0.5% each month since October 2022. Wednesday's Consumer Price Index report showed that the index for food at home rose 0.3% last month, a rebound after recording a 0.4% drop in April to mark the largest monthly decline since 2020. May also marked the 27th straight month that inflation for food at home was below inflation for food away from home, per JPMorgan analyst Ken Goldman. Half of the major grocery store food groups saw an increase in April, and the other half saw a decline, reversing the downturn consumers saw across five categories in the prior month. Read more here. Tesla (TSLA) CEO Elon Musk's recent feud with his former ally President Trump put the spotlight on the risk of the electric vehicle stock's "Musk premium." Wall Street analysts and investors have varying opinions of Tesla and its controversial chief executive. But they agree on this: Tesla stock trades at higher levels than other electric vehicle companies. In other words, it trades at a premium because of Elon Musk. "If Elon Musk was gone tomorrow, [the] stock could get cut in half," Roth Capital Partners analyst Craig Irwin told Yahoo Finance. "There's no question there's a Musk premium in the shares." Irwin holds a Buy rating on Tesla stock. Others have different values for the Musk premium, ranging as high as 90%. Musk's foray into politics, particularly his recent feud with President Trump, showcased how quickly the premium on Tesla shares can erode. Read the story here. Yahoo Finance's Jennifer Schonberger reports: Read more here. Quantum computing stocks jumped in early trading Wednesday after Nvidia (NVDA) CEO Jensen Huang made bullish comments about the technology at the chipmaker's GTC Paris developer conference. Quantum Computing (QUBT) rose more than 31% after market open, while Rigetti Computing (RGTI) jumped more than 18%. IonQ (IONQ) rose over 8%. The companies make quantum computing hardware and software. By comparison, the S&P 500 (^GSPC) was up about 0.2%. Huang told a crowd Wednesday that 'we are within reach' of using quantum computers for 'areas that can solve some interesting problems in the coming years.' 'Quantum computing is reaching an inflection point,' he said. Read more here. US stocks were muted at the open on Wednesday as investors digested a softer-than-expected consumer inflation reading and assessed a US-China plan to salvage their trade truce. The Dow Jones Industrial Average (^DJI) slipped less than 0.1%, while the S&P 500 (^GSPC) was roughly flat. The tech-heavy Nasdaq Composite (^IXIC) climbed about 0.2%. Platinum (PL=F) extended gains Wednesday, rising to its highest level in four years after trading sideways for about a decade. Platinum prices were up 4% Wednesday morning to trade at $1,261.40 an ounce. Prices of the metal, which is used in electric vehicles, jewelry, and industrial applications, have soared 40% year to date. Bloomberg reports that strained supply has caused prices to increase, particularly as President Trump's tariffs disrupted trade flows and output declined in South Africa, the world's largest platinum producer. From Bloomberg: Read more here. Inflation didn't pickup as much as Wall Street expected in May. The latest data from the Bureau of Labor Statistics showed that consumer prices increased 2.4% over the prior year in May, an increase from April's 2.4% and in line with economists' forecast for 2.4%. But all other closely watched metrics from the release came in below expectations. On a month-over-month basis, prices increased 0.1%, lower than the 0.2% estimated by economists and the 0.2% increase seen in April. On a "core" basis, which strips out the more volatile costs of food and gas, prices in April climbed 0.1% over the prior month, lower than April's 0.2% rise and below consensus projections for a 0.3% increase. Over the last year, core prices rose 2.8%, unchanged from the prior month and below Wall Street's expectations for a 2.9% increase. The largest tech stocks in the market are once again leading the market higher. And in recent weeks, investor excitement surrounding Big Tech has trickled down to newly issued public offerings, such as stablecoin issuer Circle (CRCL) and Nvidia-baked CoreWeave (CRWV). Yahoo Finance's Josh Schafer writes in today's Morning Brief: Read more here. Economic data: Consumer Price Index (May); Real average hourly earnings (May); MBA Mortgage Applications (week ending June 6) Earnings: Chewy (CHWY), Oracle (ORCL), Vera Bradley (VRA), Victoria's Secret (VSCO) Here are some of the biggest stories you may have missed overnight and early this morning: The biggest IPOs look a lot like the biggest stocks in the market CPI inflation seen as rising in wake of 'Liberation Day' tariffs Musk feud shows how Big Tech can't count on Trump's favor US-China talks deliver plan for restoring trade truce Musk says he regrets some Trump posts: 'They went too far' General Mills is said to weigh sale of China Häagen-Dazs stores China rare-earth magnet maker gets green light for US exports Nvidia CEO: Quantum computing is at an inflection point Here are some top stocks trending on Yahoo Finance in premarket trading: GameStop (GME) stock fell 4% before the bell on Wednesday after posting its first quarter earnings the day prior. The US video game retailer announced net sales of $732.4M, down from $881.8M in the same period of 2024. Tesla (TSLA) stock rose 1% in premarket trading, after CEO Elon Musk backtracked on his comments towards President Trump. Musk said: 'I regret some of my posts about President @realDonaldTrump last week,' he said on his social-media platform, X. 'They went too far.' Victoria Secret's (VSCO) shares rose by 1% ahead of its earnings release on Wednesday. The retailer, which recently reported a cyberattack, is expected by analysts to reoort revenue of around $1.35B. Yahoo Finance's Allie Canal reports: Read more here. Gold prices are edging higher even after the US and China talks delivered a plan to ease trade tensions, a sign the market is not yet convinced of a breakthrough. Futures rose 0.7% to around $3,366 an ounce in early trading on Wednesday. Bloomberg reported: Read more here.
