US Processed Pork Market Size
| Icons | Lable | Value |
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Study Period | 2016 - 2028 |
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Base Year For Estimation | 2021 |
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CAGR | 1.91 % |
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Largest Share by Distribution Channel | On-Trade |
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Fastest Growing by Distribution Channel | Off-Trade |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
US Processed Pork Market Analysis
The United States Processed Pork Meat Market is projected to register a CAGR of 1.91%
- On-Trade is the Largest Distribution Channel : The increasing number of restaurants and the varieties of pork items available are leading a higher number of consumers to visit on-trade channels in the United States.
- Off-Trade is the Fastest-growing Distribution Channel : The availability of a wide range of products with several brand options for processed pork and the ease of free checkout and delivery options are aiding the market growth.
US Processed Pork Market Trends
This section covers the major market trends shaping the United States Processed Pork Meat Market according to our research experts:
On-Trade is the largest Distribution Channel
- The sales of processed pork meat for on-trade distribution channels declined by 11.48% from 2019 to 2020. The per capita consumption of pork meat also declined by 2% due to the closure of 110,000 restaurants and foodservices in the United States. Companies also shut down their operations due to the government-imposed strict regulations as a result of the increasing COVID-19 cases.
- On-trade is the major distribution channel for processed pork meat. The consumption of pork meat increased, accounting for around 15 kg per year through the on-trade channel. Restaurants and food services offer processed pork in the form of deli meats, cooked ham, and rolls with additional flavors and smooth texture, which attract consumers' interest.
- The off-trade channel is expected to be the fastest-growing distribution channel, and it is projected to register a CAGR of 2.66% by value during the forecast period (2022-2028). Doorstep delivery of processed pork products and easy ordering options, along with the rising demand for processed pork products, are encouraging the use of online channels and supermarkets/hypermarkets. Moreover, the consumption of processed pork is increasing, as US consumers, who prefer beef and fowl, are now eating more pork than ever due to its lower prices, which are more than 50% less than beef prices per kg.
- The government imposing strict regulations on labeling and quality is gaining consumers' interest and further driving the market. For instance, the USDA's Food Safety and Inspection Service shared the recall notice for "approximately 10,359 pounds of pork pellet products" on October 14, 2021 by the company Evans Food Group Ltd because they were "not presented for import re-inspection into the United States. “
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US Processed Pork Industry Overview
The United States Processed Pork Meat Market is fragmented, with the top five companies occupying 35.22%. The major players in this market are Hormel Foods Corporation, JBS SA, Sysco Corporation, Tyson Foods, Inc. and WH Group Limited (sorted alphabetically).
US Processed Pork Market Leaders
Hormel Foods Corporation
JBS SA
Sysco Corporation
Tyson Foods, Inc.
WH Group Limited
*Disclaimer: Major Players sorted in no particular order
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US Processed Pork Market News
- August 2022: Tyson Foods has announced the expansion of its Caseyville Prepared Foods Facility. The USD180 million investment project will help meet the growing demand for Tyson Foods’ iconic Hillshire Farm® and Jimmy Dean® branded products. The first line is expected to begin production this fall with the expansion set to be completed in the summer of 2023. The Caseyville plant currently produces Hillshire Farm® and Jimmy Dean® products and the 170,000 square foot expansion will specifically allow a larger production of grab-n-go snacking and breakfast items.
- June 2022: Hormel foods launched newest product i.e HORMEL® NATURAL CHOICE® Sandwich Pepperoni. The product is free from preservatives, nitrites or nitrates.
- March 2022: Carando®, the artisan of Classic Italian Meats, expanded its offerings with the launch of Sweet Italian Sausage. Using Carando's time-honored recipe, the new dinner links are prepared with 100% pork and blended with Italian herbs and spices to deliver a complex, robust, and authentic taste.
US Processed Pork Market Report - Table of Contents
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Price Trends
2.2. Production Trends
2.3. Regulatory Framework
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION
3.1. Distribution Channel
3.1.1. Off-Trade
3.1.1.1. Convenience Stores
3.1.1.2. Online Channel
3.1.1.3. Supermarkets And Hypermarkets
3.1.1.4. Others
3.1.2. On-Trade
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. BRF S.A
4.4.2. Hormel Foods Corporation
4.4.3. JBS SA
4.4.4. Johnsonville LLC
4.4.5. Marcangelo Foods Inc.
4.4.6. NH Foods Ltd
4.4.7. Sysco Corporation
4.4.8. Tyson Foods, Inc.
4.4.9. WH Group Limited
5. KEY STRATEGIC QUESTIONS FOR MEAT INDUSTRY CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- UNITED STATES PROCESSED PORK MEAT MARKET, PORK, PRICE IN USD/METRIC TONNES, 2016 - 2022
- Figure 2:
- UNITED STATES PROCESSED PORK MEAT MARKET, PORK, PRODUCTION IN METRIC TONNES, 2016 - 2028
- Figure 3:
- UNITED STATES PROCESSED PORK MEAT MARKET, VOLUME, METRIC TONNES, 2016 - 2028
- Figure 4:
- UNITED STATES PROCESSED PORK MEAT MARKET, VALUE, USD, 2016 - 2028
- Figure 5:
- UNITED STATES PROCESSED PORK MEAT MARKET, VOLUME IN METRIC TONNES, BY DISTRIBUTION CHANNEL, 2016 - 2028
- Figure 6:
- UNITED STATES PROCESSED PORK MEAT MARKET, VALUE IN USD, BY DISTRIBUTION CHANNEL, 2016 - 2028
- Figure 7:
- UNITED STATES PROCESSED PORK MEAT MARKET, VOLUME SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028
- Figure 8:
- UNITED STATES PROCESSED PORK MEAT MARKET, VALUE SHARE (%), BY DISTRIBUTION CHANNEL, 2016 VS 2022 VS 2028
- Figure 9:
- UNITED STATES PROCESSED PORK MEAT MARKET, VOLUME IN METRIC TONNES, BY OFF-TRADE, 2016 - 2028
- Figure 10:
- UNITED STATES PROCESSED PORK MEAT MARKET, VALUE IN USD, BY OFF-TRADE, 2016 - 2028
- Figure 11:
- UNITED STATES PROCESSED PORK MEAT MARKET, VOLUME SHARE (%), BY OFF-TRADE, 2016 VS 2022 VS 2028
- Figure 12:
- UNITED STATES PROCESSED PORK MEAT MARKET, VALUE SHARE (%), BY OFF-TRADE, 2016 VS 2022 VS 2028
- Figure 13:
- UNITED STATES PROCESSED PORK MEAT MARKET, VOLUME IN METRIC TONNES, CONVENIENCE STORES, 2016 - 2028
- Figure 14:
- UNITED STATES PROCESSED PORK MEAT MARKET, VALUE IN USD, CONVENIENCE STORES, 2016 - 2028
- Figure 15:
- UNITED STATES PROCESSED PORK MEAT MARKET, VOLUME IN METRIC TONNES, ONLINE CHANNEL, 2016 - 2028
- Figure 16:
- UNITED STATES PROCESSED PORK MEAT MARKET, VALUE IN USD, ONLINE CHANNEL, 2016 - 2028
- Figure 17:
- UNITED STATES PROCESSED PORK MEAT MARKET, VOLUME IN METRIC TONNES, SUPERMARKETS AND HYPERMARKETS, 2016 - 2028
- Figure 18:
- UNITED STATES PROCESSED PORK MEAT MARKET, VALUE IN USD, SUPERMARKETS AND HYPERMARKETS, 2016 - 2028
- Figure 19:
- UNITED STATES PROCESSED PORK MEAT MARKET, VOLUME IN METRIC TONNES, OTHERS, 2016 - 2028
- Figure 20:
- UNITED STATES PROCESSED PORK MEAT MARKET, VALUE IN USD, OTHERS, 2016 - 2028
- Figure 21:
- UNITED STATES PROCESSED PORK MEAT MARKET, VOLUME IN METRIC TONNES, ON-TRADE, 2016 - 2028
- Figure 22:
- UNITED STATES PROCESSED PORK MEAT MARKET, VALUE IN USD, ON-TRADE, 2016 - 2028
- Figure 23:
- UNITED STATES PROCESSED PORK MEAT MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2022
- Figure 24:
- UNITED STATES PROCESSED PORK MEAT MARKET, TOTAL NUMBER OF STRATEGIC MOVES, 2017 - 2022
- Figure 25:
- UNITED STATES PROCESSED PORK MEAT MARKET SHARE(%), BY KEY PLAYERS, 2021
US Processed Pork Industry Segmentation
Off-Trade, On-Trade are covered as segments by Distribution Channel.| Distribution Channel | ||||||
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| On-Trade |
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Market Definition
- Meat - Meat is defined as the flesh or other edible parts of an animal used for food. The end use of the meat industry consists of only human consumption. Meat is generally purchased from retail outlets for home cooking and consumption. For the market studied, only uncooked meat has been considered. This could be processed in various forms, which have been covered under the “Processed” form. The other purchases of meat happen through the consumption of meat at foodservice outlets (restaurants, hotels, catering, etc.).
- Other Meats - The other meat segment includes the meat of camel, horse, rabbit, etc. These are not so commonly consumed meat types but still, have a presence in distinct parts of the world. Regardless of it being part of red meat, we have considered these meat types separately for a better understanding of the market.
- Poultry Meat - Poultry meat also called white meat, comes from birds raised commercially or domestically for human consumption. This includes chicken, turkey, ducks, and geese.
- Red Meat - Red meat typically has a red color when raw and a dark color when cooked. It includes any meat that comes from mammals, such as beef, lamb, pork, goat, veal, and mutton.
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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