Key regions: South Korea, Russia, Canada, Philippines, China
The Fresh Meat market in the United States is experiencing minimal growth, influenced by factors such as consumer demand for healthier meat options and convenience in purchasing online. The sub-markets of Beef & Veal, Pork, Poultry, Mutton & Goat, and Other Fresh Meat play a role in shaping this trend.
Customer preferences: Consumer preferences in the Fresh Meat Market of the Meat Market within The Food market are shifting towards ethically-sourced and sustainably-raised meats. This trend is driven by growing concerns for animal welfare and the environmental impact of industrial farming practices. Additionally, there is a growing demand for plant-based meat alternatives among health-conscious and environmentally-aware consumers. This shift in preferences is also influenced by the rise of flexitarian and plant-based diets.
Trends in the market: In the United States, the Fresh Meat Market of the Meat Market within The Food market is experiencing a rise in demand for organic and sustainably sourced meat products. This trend is driven by consumers' increasing awareness of the environmental and health impacts of conventional meat production. Additionally, there is a growing preference for locally sourced meat, leading to the emergence of small-scale, independent meat producers. This trend is expected to continue, with potential implications for industry stakeholders such as large meat producers, who may need to adapt their practices to meet consumer demands.
Local special circumstances: In the United States, the Fresh Meat market is heavily influenced by cultural preferences and dietary habits. The country's diverse population has led to a wide variety of meat options, catering to different taste preferences and dietary restrictions. Additionally, the strict regulatory standards for food safety and labeling have a significant impact on the market dynamics. This has pushed for the adoption of advanced technologies and processes in the production and distribution of fresh meat, ensuring quality and traceability for consumers. Furthermore, the geographical diversity of the country, with varying climatic conditions and agricultural practices, also plays a crucial role in determining the availability and pricing of fresh meat products.
Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in the United States is heavily influenced by macroeconomic factors such as consumer spending habits, trade policies, and agricultural production. The United States has a strong economy and high consumer spending, which drives demand for fresh meat products. However, trade policies and international trade agreements can impact the availability and cost of imported meats, which can in turn affect the market. Additionally, fluctuations in agricultural production and weather patterns can impact the supply and prices of meat products. Overall, the stability and growth of the United States economy play a significant role in the performance of the Fresh Meat Market within The Food market.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, 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. This data helps us estimate the market size for each country individually.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 exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.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.
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