Meat - United States | Statista Market Forecast

Revenue in the Meat market amounts to US$131.60bn in 2024. The market is expected to grow annually by 4.23% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$273bn in 2024).
In relation to total population figures, per person revenues of US$385.00 are generated in 2024.
In the Meat market, volume is expected to amount to 12.10bn kg by 2029. The Meat market is expected to show a volume growth of 1.9% in 2025.0.
The average volume per person in the Meat market is expected to amount to 32.4kg in 2024.

Definition:

The Meat market covers animal (both domestic and wild) and non-animal meat that are bought and consumed for nutrient-based purposes.

Structure:

The market consists of 3 different submarkets:

The Fresh Meat market covers meat from both domestic and wild animals that are fresh, chilled, or frozen. This market is divided into five submarkets: beef & veal, pork, mutton & goat, poultry, and other fresh meat.
The Processed Meat market covers all types of meat that has been dried, salted, brined, or smoked. This segment is divided into three subsegments: cold & roast meat products, ham & bacon, sausages.
The Meat Substitutes market covers meat-replacement food items created from vegetarian or vegan components.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

Fresh Meat
Processed Meat
Meat Substitutes

Meat-based ready-to-eat meals
Out-of-home consumption

The Meat Market in The Food market of the United States is experiencing minimal growth, influenced by factors such as changing consumer preferences, increasing health consciousness, and the emergence of alternative protein sources. These sub-markets, including Fresh Meat, Processed Meat, and Meat Substitutes, are facing challenges due to competition and regulatory changes, leading to a slow overall market growth rate.

Customer preferences: As consumers become more health-conscious, there is a growing demand for plant-based meat alternatives in the Meat Market within The Food market. This trend is driven by concerns over the environmental impact of traditional meat production and the health benefits of a plant-based diet. Additionally, the rise of flexitarian and vegan lifestyles is further fueling the demand for these products. This shift towards alternative protein sources is also influenced by cultural and demographic changes, such as the increasing diversity and multiculturalism in the United States.

Trends in the market: In the United States, the Meat Market within The Food market is experiencing a surge in demand for plant-based and alternative protein products. This trend is driven by increasing health and environmental concerns, as well as a growing preference for meat-free diets. As a result, major players in the industry are expanding their product portfolios to include plant-based options and investing in research and development. This trend is expected to continue, with the market projected to reach $3.5 billion by 2025. This presents an opportunity for industry stakeholders to tap into the growing demand and diversify their offerings to cater to changing consumer preferences. However, it also poses a challenge for traditional meat producers, who may need to adapt and innovate in order to stay competitive in the market. Overall, the trajectory of this trend is towards a more diverse and sustainable Meat Market within The Food market, with implications for both producers and consumers.

Local special circumstances: In the United States, the Meat Market within The Food market is heavily influenced by cultural preferences for protein-rich diets and the widespread availability of meat products. This has led to a highly competitive market with a wide range of options for consumers. Additionally, the US has strict regulations on food safety and labeling, which have a significant impact on the marketing and sale of meat products. Furthermore, regional variations in taste and dietary habits contribute to the diverse offerings in the US Meat Market, with some regions favoring beef while others prefer pork or poultry.

Underlying macroeconomic factors: The Meat Market within The Food market in the United States is heavily influenced by macroeconomic factors such as consumer demand, government regulations, and trade policies. The country's strong economic health and stable fiscal policies have created a favorable environment for the meat market to thrive. Additionally, the growing trend of health-conscious consumers and increasing disposable income have led to a higher demand for organic and premium meat products. Furthermore, the US meat market is highly dependent on global trade, making it vulnerable to fluctuations in global markets and trade agreements.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

In the past, many cultures considered meat a luxury that could only be enjoyed on special occasions or certain days of the week, while today it is a staple that can be found in nearly all restaurants and many kitchens all over the world. The market value of the meat industry is expected to rise from 897.5 billion U.S. dollars in 2021 to over 1.3 trillion dollars by 2027. In 2022, the United States saw the highest revenue from meat products and sausages, over five billion U.S. dollars more than the second largest meat market in the world, Germany with a revenue of over 33.6 billion U.S. dollars. France, Russia, and Mexico are finishing the top five countries with the biggest revenue from processed meats.