The North America Processed Meat Market was valued at USD 29.61 billion in 2024, and is projected to reach USD 37.24 billion by 2030, rising at a CAGR of 3.90%. The market is expected to witness considerable growth in the years to come owing to a surge in the demand for easy-to-make food items. Furthermore, increasing purchasing power, coupled with a surge in the number of working-class professionals, will drive the market over the forecast period.
The beef meat type segment accounted for the largest revenue share in the North American market in 2024. The rising demand for grass-fed beef products that have higher nutritional value is driving this segment. Poultry-based products are expected to exhibit the highest growth rate over the forecast period owing to their low cost and the shift in consumers’ preference for white meat instead of red meat.
The chilled product segment dominated the market in 2024. Chilled products, frozen at a temperature from 1°C to 4°C, are packaged under a modified or controlled atmosphere packaging to preserve them against microbial deterioration and spoilage. Increasing advancements in chilling technology have been enabling better preservation, packaging, and transportation of chilled products. This, in turn, is boosting the growth of the sector over the years.
The U.S. is one of the largest consumers of meat products in the world. Most people in the country consume some form of processed meat in their daily meals. Such consumption patterns in the country offer significant opportunities for meat processors to launch new products. In addition to this, almost all consumers are highly dependent on animal-based protein, which is also boosting the demand for the product in the country.
In February 2020, The Chefs' Warehouse, a leading distributor of specialty food products in North America, acquired Cambridge Packing Company. Cambridge Packing Company, a U.S.-based company, offers high-end beef, pork, poultry, and seafood products.
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The beef meat type segment accounted for the largest revenue share in the North American market in 2024. The rising demand for grass-fed beef products that have higher nutritional value is driving this segment. Poultry-based products are expected to exhibit the highest growth rate over the forecast period owing to their low cost and the shift in consumers’ preference for white meat instead of red meat.
The chilled product segment dominated the market in 2024. Chilled products, frozen at a temperature from 1°C to 4°C, are packaged under a modified or controlled atmosphere packaging to preserve them against microbial deterioration and spoilage. Increasing advancements in chilling technology have been enabling better preservation, packaging, and transportation of chilled products. This, in turn, is boosting the growth of the sector over the years.
The U.S. is one of the largest consumers of meat products in the world. Most people in the country consume some form of processed meat in their daily meals. Such consumption patterns in the country offer significant opportunities for meat processors to launch new products. In addition to this, almost all consumers are highly dependent on animal-based protein, which is also boosting the demand for the product in the country.
In February 2020, The Chefs' Warehouse, a leading distributor of specialty food products in North America, acquired Cambridge Packing Company. Cambridge Packing Company, a U.S.-based company, offers high-end beef, pork, poultry, and seafood products.
North America Processed Meat Market Report Highlights
- The poultry meat type segment is expected to register the fastest CAGR over the forecast period, owing to the increasing consumer preference for white meat products.
- The uncured type segment is expected to register the higest revenue-based CAGR over the forecast period. The expanding availability of uncured meat products in both traditional retail and online channels has made them more accessible to a broader audience.
- In 2024, the chilled processed meat product segment dominated the market with the largest revenue share. The growing demand for ready-to-eat and easy-to-prepare meal options has also played a significant role in boosting the popularity of chilled processed meats.
- The U.S. dominated the market by accounting for over 61.4% share in terms of revenue in 2024, owing to the high consumption of the product among U.S. consumers.
This report addresses:
- Market intelligence to enable effective decision-making.
- Market estimates and forecasts from 2018 to 2030.
- Growth opportunities and trend analyses.
- Segment and regional revenue forecasts for market assessment.
- Competition strategy and market share analysis.
- Product innovation listings for you to stay ahead of the curve.
- COVID-19's impact and how to sustain in this fast-evolving market.
Why Should You Buy This Report?
- Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. North America Processed Meat Market Variables, Trends & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. North America Processed Meat Market: Product Estimates & Trend Analysis
Chapter 6. North America Processed Meat Market: Meat Estimates & Trend Analysis
Chapter 7. North America Processed Meat Market: Type Estimates & Trend Analysis
Chapter 8. North America Processed Meat Market: Regional Estimates & Trend Analysis
Chapter 9. North America Processed Meat Market: Competitive Analysis
List of Tables
List of Figures
Companies Mentioned
The major companies profiled in this North America Processed Meat market report include:- Tyson Foods, Inc.
- Conagra Brands
- Sysco Corporation
- Smithfield Foods, Inc.
- Perdue Farms
- Cargill, Incorporated
- JBS Foods
- Hormel Foods Corporation
- National Beef Packing Company, LLC.
- OSI Group
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 90 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 29.61 Billion |
| Forecasted Market Value ( USD | $ 37.24 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | North America |
| No. of Companies Mentioned | 11 |
