Meat - United States

United States

Gross production value in Meat market is projected to amount to US$59.20bn in 2024. An annual growth rate of 3.20% is expected (CAGR 2024-2028), resulting in gross production value of US$67.14bn in 2028.
The import value in Meat market is projected to amount to US$3.6bn in 2024. An annual growth rate of 8.71% is expected (CAGR 2024–2028).
The export value in Meat market is projected to amount to US$8.7bn in 2024. An annual growth rate of 7.16% is expected (CAGR 2024–2028).

Key regions: United Kingdom, United States, Brazil, Germany, Italy

Market

Region

Region comparison

Currency

Analyst Opinion

The Meat market in United States has been a significant part of the country's economy for decades.

Customer preferences: Consumers in the United States have been shifting their preferences towards healthier and more sustainable meat options. This has led to an increase in demand for grass-fed, organic, and free-range meat products. Additionally, there has been a growing interest in plant-based meat alternatives, which has further impacted the traditional meat market.

Trends in the market: One of the significant trends in the Meat market in the United States is the growth of online meat sales. E-commerce has become a popular way for consumers to purchase their meat products due to convenience and safety concerns. Another trend is the increase in meat exports, with the United States being one of the leading meat exporters in the world. However, there has been a growing concern over the environmental impact of the meat industry, which has led to a rise in plant-based meat alternatives.

Local special circumstances: The United States has a diverse population, and different regions have different dietary preferences. For example, the southern states prefer pork and beef, while the northern states consume more poultry. Additionally, the United States is the largest consumer of meat globally, with meat being a staple in many American households.

Underlying macroeconomic factors: The Meat market in the United States is heavily influenced by macroeconomic factors such as trade policies, government regulations, and economic growth. The recent trade tensions between the United States and China have impacted the meat market, with China imposing tariffs on American meat exports. The COVID-19 pandemic has also affected the meat industry, with supply chain disruptions and labor shortages leading to a temporary increase in meat prices. The increasing awareness of climate change and animal welfare has also led to the implementation of stricter regulations on the meat industry.

Methodology

Data coverage:

The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.