Over the past decade, pork sales in the US have experienced some fluctuations. From 2013 to 2019, the market saw minor year-on-year variations, oscillating with slight increases and decreases. Notable dips occurred in 2015 and 2016, but the market showed signs of recovery starting in 2017, with steady growth up to 2023, closing at a market value of 22.881 Billion US Dollars. Between 2021 and 2023, the market displayed slight positive growth with a steady average yearly increase as indicated by the CAGR over the last five years.
Future projections suggest a steady but modest rise in pork sales value. From 2024 to 2028, the market is expected to continue this trend with an anticipated forecasted 5-year CAGR of 0.77%, culminating in a projected value of 24.055 Billion US Dollars by 2028.
Key trends to watch for in the coming years include:
- Consumer preferences shifting towards sustainability and ethical sourcing.
- Potential impacts of alternative protein sources on pork demand.
- Market dynamics influenced by trade policies and international demand.
- Technological advancements in pork production and processing.
- Health and wellness trends impacting consumer choices.
