North America Edible Meat Market Forecast (2024

North America Edible Meat Market Forecast (2024 - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

INTRODUCTION

Edible means something appropriate or harmless to eat. Edible meat means dead meat, dressed meat, insides, and other portions. Dead meat means the head, tail, foot and other parts are eliminated. Dressed meat means meat generated from dead meat. Inside, meat contains liver, lung, heart, stomach, pancreas and other portions refined for human consumption. Edible meat by-products have been established to be sources of essential nutrients like amino acids, and among them, proteins of internal organs have higher biological value.

NORTH AMERICA EDIBLE MEAT MARKET SIZE AND GROWTH

The North America edible meat market was valued at $xx billion in 2021 and is expected to reach $xx billion by 2029, growing at a CAGR of around xx% during the forecast period. The edible meat market in North America has experienced tremendous growth within the last decade. The North American Region U.S market is projected to witness stable growth over the forecast period due to the factors such as changing consumers’ lifestyles and rising urbanization. Increasing awareness concerning the appropriate ingestion of protein among consumers in the country, protein-rich processed products have been witnessing high demand. Despite these drivers, rising awareness of plant-based products and increasing consumer health concerns hinder the market growth during the forecast period. Moreover, increased consumption of protein-rich diets, increased disposable income and advanced technologies offer market growth opportunities during the forecast period.

COVID –19 IMPACT ON EDIBLE MEAT MARKET

In 2020, during the covid-19 pandemic, the North American edible market had impacted the edible meat production, processing, consumption and supply chain due to lockdowns and strings taken by various governments. The limited availability of meat products in retail stores caused a price rise. Covid-19 bursts have occurred in various meat production techniques in the U.S and Canada. These bursts affected many plants, which led to the interruption of the supply chain and raised a significant risk to the product supply in the region. Furthermore, the U.S beef and pork processing industry stagnated by 40% during April and

North America Edible Meat Market Forecast (2024 - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

May 2020 compared to 2019.

NORTH AMERICA EDIBLE MEAT MARKET SEGMENTS SHARE

The North American edible meat market is segregated based on product type, product form, distribution channel, and geography. Based on product type, the market is categorized into beef, mutton(lamb), pork, poultry and other meat. The beef segment is estimated to witness the highest CAGR during the forecast period. Edible beef is a rich source of protein and includes a sufficient quantity of iron, zinc, vitamins, and monounsaturated fatty acids, making it a perfect meat option for consumers. Besides this, the convenience of organic and grass-fed edible beef in the market has also driven the market. Moreover, the requirement for edible beef and red meat is increasing in emerging economies due to economic growth and improvement in lifestyle, boosting market growth.

Based on product form, the North American edible meat market is categorized into fresh/chilled, frozen/canned and processed. Among these, the fresh/chilled segment is estimated to witness the highest CAGR during the forecast period due to factors such as a reduction in cooking hours and changing diet patterns of consumers around the country. Besides this, frozen meat provides varied benefits, such as longer shelf life and food safety. Moreover, meat products’ texture, taste and freshness help reduce food waste and are easy to cook.

Based on distribution channels, the North American meat market is categorized into convenience stores, online channels, supermarkets and hypermarkets, and others. The online channel segment is estimated to witness the highest CAGR during the forecast period. Rising perception of e-commerce and online food delivery services impelled by fast-rated lifestyles, food joints and restaurants across the country. Moreover, the growing working population and increasing per capita income in developing economies are anticipated to expedite the growth of this market during the forecast period.

Based on geography, the North American edible meat market is categorized into the U.S, Canada, Mexico and Costa Rica. Amongst North American countries, the U.S and Mexico hold a significant market share in the

You can also purchase parts of this report. Do you want to check out a section wise price list

North America Edible Meat Market Forecast (2024 - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

overall market during the forecast period. Factors such as rapid urbanization, increasing population in the region, improving living standards of consumers in the U.S and Mexico, and rising disposable incomes have driven the market growth. The consumption of edible meat in the form of various processed foods such as burgers, pizzas, hotdogs, sausages and others is also a major factor driving the market growth in the U.S region.

NORTH AMERICA EDIBLE MEAT MARKET TRENDS

In July 2022, continental grain company and Cargill Completed acquisition of Sanderson farms, Inc and have collaborated Sanderson farms with Wayne farms naming Wayne Sanderson farms
In June 2022, Hormel foods launched their newest product e., HORMEL NATURAL CHOICE sandwich pepperoni. The product is free from preservatives, nitrites or nitrates.

NORTH AMERICA EDIBLE MEAT MARKET RESEARCH REPORT INCLUDE

An executive summary condenses the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have a complete market analysis through industry value chain analysis, porter’s five, PESTLE, SWOT analysis and Y-O-Y analysis.
Regional and global diversity is analyzed with the major countries and the unions scrutinizing the revenue generation on a year-on-year basis.
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by analyst to the individual and organization to have better foothold in the market.
Identify the latest developments in market shares and strategies that are employed by the major market players such
Cargill, Incorporated
Hormel foods corporation
Marfrig global foods SA
Sysco corporation
Tyson foods Inc.

Along with these companies, there were many other companies considered/cited in the report while analyzing the edible meat market. These companies hold substantial shares owing to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Another player has considerable presence owing to its robust brand image, geographical reach, and strong customer base.

Credibility and
Transparency

We actively recruit consumers, business professionals, and elusive individuals for our research panels, fostering enduring relationships. Our commitment to transparency is evident in the comprehensive listing of primary and secondary data sources, ensuring unwavering credibility in our reports.

Exhaustive
Coverage

Uncover the full spectrum with Envision Intelligence. Our detailed and extensive geographical coverage, coupled with survey consultation services, spans brand tracking, concept testing, and consumer behaviour analysis. Adapt to your evolving needs with scalable market research services that leave no facet unexplored.

Competitive
Edge

Stay ahead with Envision Intelligence. Our reports provide the latest market updates up to the date of purchase. Recognising the urgency of impactful decisions, we deliver timely analyses on the unprecedented choices made by CXOs during the COVID-19 crisis—providing valuable insights at no extra cost.

Golden
pportunities

Unearth hidden gems with Envision Intelligence. Our analysts and consultants conduct a comprehensive strategic sieve analysis, augmented by AI tools, to identify non-obvious, golden, and emerging opportunities. Evaluate possibilities that set you apart in the market.

Top-notch Reportsd
Guaranteed

Experience unparalleled depth with Envision Intelligence. Over 70% of our research is exclusive, establishing us as the premier source for in-depth and extensive market insights. Elevate your decision-making with reports that go beyond the ordinary.

Post Purchase
Support

Empower your journey with Envision Intelligence. Our commitment extends beyond the purchase. Enjoy post-purchase support for three months, with queries addressed within 24 business hours via telephone or email. We stand by you in your quest for ongoing success.