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United States Processed Pork Meat Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

United States Processed Pork Meat Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028
  • Publish Date:January 2023

  • Number of Pages:153

  • Report ID:6381210

  • Format:PDF

  • Publisher:Mordor Intelligence LLP

$ 4750

Summary

The United States Processed Pork Meat Market is projected to register a CAGR of 1.91%

Key Highlights
Largest Segment by Distribution Channel - On-Trade : 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.
Fastest-growing Segment by Distribution Channel - Off-Trade : 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.

Key Market Trends

On-Trade is the largest segment by 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. “

Competitive Landscape

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).

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Table of contents

1 EXECUTIVE SUMMARY & KEY FINDINGS

2 INTRODUCTION
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study?
2.3 Research Methodology

3 KEY INDUSTRY TRENDS
3.1 Price Trends
3.2 Production Trends
3.3 Regulatory Framework
3.4 Value Chain & Distribution Channel Analysis

4 MARKET SEGMENTATION
4.1 Distribution Channel
4.1.1 Off-Trade
4.1.1.1 Convenience Stores
4.1.1.2 Online Channel
4.1.1.3 Supermarkets And Hypermarkets
4.1.1.4 Others
4.1.2 On-Trade

5 COMPETITIVE LANDSCAPE
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Landscape
5.4 Company Profiles
5.4.1 BRF S.A
5.4.2 Hormel Foods Corporation
5.4.3 JBS SA
5.4.4 Johnsonville LLC
5.4.5 Marcangelo Foods Inc.
5.4.6 NH Foods Ltd
5.4.7 Sysco Corporation
5.4.8 Tyson Foods, Inc.
5.4.9 WH Group Limited

6 KEY STRATEGIC QUESTIONS FOR MEAT INDUSTRY CEOS

7 APPENDIX
7.1 Global Overview
7.1.1 Overview
7.1.2 Porter's Five Forces Framework
7.1.3 Global Value Chain Analysis
7.1.4 Market Dynamics (DROs)
7.2 Sources & References
7.3 List of Tables & Figures
7.4 Primary Insights
7.5 Data Pack
7.6 Glossary of Terms

Companies Mentioned
 - BRF S.A
- Hormel Foods Corporation
- JBS SA
- Johnsonville LLC
- Marcangelo Foods Inc.
- NH Foods Ltd
- Sysco Corporation
- Tyson Foods, Inc.
- WH Group Limited

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.