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United States Red Meat Market Size

The United States red meat market is experiencing growth, with beef being the most consumed type, significantly influencing the market size due to its integral role in the American diet. Texas plays a crucial role in beef production, contributing substantially to the state's economy. Pork follows as the second-largest red meat category, driven by the rising demand for processed products, which is expected to grow rapidly. Meanwhile, mutton's market share has increased, although domestic production has declined due to reduced demand for wool and lamb meat.

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Market Size of united states red meat Industry

United States Red Meat Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 93.92 Billion
svg icon Market Size (2029) USD 100.18 Billion
svg icon Largest Share by Type Beef
svg icon CAGR (2024 - 2029) 1.30 %
svg icon Fastest Growing by Type Beef
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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US Red Meat Market Analysis

The United States Red Meat Market size is estimated at 93.92 billion USD in 2024, and is expected to reach 100.18 billion USD by 2029, growing at a CAGR of 1.30% during the forecast period (2024-2029).

93.92 Billion

Market Size in 2024 (USD)

100.18 Billion

Market Size in 2029 (USD)

5.92 %

CAGR (2017-2023)

1.30 %

CAGR (2024-2029)

Largest Segment by Type

68.89 %

value share, Beef, 2023

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American citizens spend a lot of money on beef products, primarily due to the country's higher beef production, which is a considerable part of agriculture in the US.

Largest Segment by Form

53.74 %

value share, Fresh / Chilled, 2023

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Demand for fresh meat has risen in recent years, fueled by the lift of the ban on fresh beef import from Brazil by the Food Safety and Inspection Service of the USDA.

Fastest-growing Segment by Type

1.35 %

Projected CAGR, Beef, 2024-2029

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The most popular processed beef products consumed in the United States include ground beef, luncheon meat, sausages, hot dogs, salami, pepperoni, burgers, and beef jerky.

Fastest-growing Segment by Form

2.73 %

Projected CAGR, Processed, 2024-2029

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Processed pork dominates the segment as a result of the increasing demand for value-added pork products, including luncheon meat sausages, hot dogs, ham, and bacon.

Leading Market Player

18.64 %

market share, Tyson Foods Inc., 2022

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Tyson offers beef and pork products under its extensive portfolio of brands, which include Ball Park, Hillshire Snacking, Sara Lee, Bosco's, Galileo, and SteakEze.

High production and cultural tradition propels the beef preference in the American diet

  • Beef is the most consumed red meat. In 2021, beef observed the highest growth rate by value from 2020, registering 10.34% in the market. Beef is a significant part of the traditional American diet. Popular dishes like hamburgers, steaks, and meatloaf often feature beef as the main ingredient. Texas ranchers breed their Longhorn cattle with Hereford and Angus to produce beef that is highly demanded in the Eastern states.
  • Among California, Florida, New Jersey, New York, and Texas, Texans spent the most on beef products, accounting for a 26-28% share during 2019-2021. This was driven by higher beef production in the state. The cattle industry offers more than USD 13 billion annually to the Texan economy. Hamburger consumption in Nevada is higher than in most other states.
  • Pork is the second-largest type of red meat, primarily due to the increasing consumption of processed pork, such as luncheon meat, sausage, ham, and bacon. Thus, processed pork is projected to record the fastest CAGR of 1.20% during the forecast period. The U.S. Department of Agriculture (USDA) invested more than USD 43 million in meat processing facilities, such as pork, for expansion throughout the country. As of March 2022, Iowa had an inventory of about 23 million pigs, making it the top producer of swine in the country.
  • Over the years, the value share of mutton in the market has grown significantly. Approximately 300 million pounds of lamb are sold annually in the United States, with the majority of the product imported from Australia and New Zealand. The major reason for the decline of sheep production in the US is the decline in wool and lamb meat demand. There are 5.2 million heads of sheep and lamb in the US, with Texas and California leading in terms of production.
United States Red Meat Market

United States Red Meat Industry Segmentation US Red Meat Industry Segmentation

Beef, Mutton, Pork are covered as segments by Type. Canned, Fresh / Chilled, Frozen, Processed are covered as segments by Form. Off-Trade, On-Trade are covered as segments by Distribution Channel.

  • Beef is the most consumed red meat. In 2021, beef observed the highest growth rate by value from 2020, registering 10.34% in the market. Beef is a significant part of the traditional American diet. Popular dishes like hamburgers, steaks, and meatloaf often feature beef as the main ingredient. Texas ranchers breed their Longhorn cattle with Hereford and Angus to produce beef that is highly demanded in the Eastern states.
  • Among California, Florida, New Jersey, New York, and Texas, Texans spent the most on beef products, accounting for a 26-28% share during 2019-2021. This was driven by higher beef production in the state. The cattle industry offers more than USD 13 billion annually to the Texan economy. Hamburger consumption in Nevada is higher than in most other states.
  • Pork is the second-largest type of red meat, primarily due to the increasing consumption of processed pork, such as luncheon meat, sausage, ham, and bacon. Thus, processed pork is projected to record the fastest CAGR of 1.20% during the forecast period. The U.S. Department of Agriculture (USDA) invested more than USD 43 million in meat processing facilities, such as pork, for expansion throughout the country. As of March 2022, Iowa had an inventory of about 23 million pigs, making it the top producer of swine in the country.
  • Over the years, the value share of mutton in the market has grown significantly. Approximately 300 million pounds of lamb are sold annually in the United States, with the majority of the product imported from Australia and New Zealand. The major reason for the decline of sheep production in the US is the decline in wool and lamb meat demand. There are 5.2 million heads of sheep and lamb in the US, with Texas and California leading in terms of production.
Type
Beef
Mutton
Pork
Other Meat
Form
Canned
Fresh / Chilled
Frozen
Processed
Distribution Channel
Off-Trade
Convenience Stores
Online Channel
Supermarkets and Hypermarkets
Others
On-Trade
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United States Red Meat Market Size Summary

The United States red meat market is a significant sector within the country's agricultural industry, with beef being the most consumed type of red meat. The market is characterized by a strong demand for beef, which is a staple in the American diet, featuring prominently in popular dishes such as hamburgers and steaks. The beef industry in the US is robust, with Texas being a major contributor due to its high beef production and consumption. The market also sees substantial activity in pork, particularly processed pork products like sausages and bacon, which are experiencing increased consumption. The US Department of Agriculture has invested in expanding meat processing facilities to support this growth. While mutton's market share has been growing, the US primarily relies on imports from countries like Australia and New Zealand to meet its lamb demand.

The US red meat market is moderately consolidated, with major players like Cargill Inc., Hormel Foods Corporation, Marfrig Global Foods S.A., Sysco Corporation, and Tyson Foods Inc. holding significant market shares. The market dynamics are influenced by various factors, including international demand for American beef, particularly from Asian countries, and domestic challenges such as supply chain issues and droughts affecting cattle trade. These factors have led to fluctuations in beef prices and have prompted discussions about the need for regulatory interventions to stabilize the market. The industry is also seeing technological advancements in meat production, which help meet the nutritional needs of livestock and enhance production efficiency.

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United States Red Meat Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Type

      1. 1.1.1 Beef

      2. 1.1.2 Mutton

      3. 1.1.3 Pork

      4. 1.1.4 Other Meat

    2. 1.2 Form

      1. 1.2.1 Canned

      2. 1.2.2 Fresh / Chilled

      3. 1.2.3 Frozen

      4. 1.2.4 Processed

    3. 1.3 Distribution Channel

      1. 1.3.1 Off-Trade

        1. 1.3.1.1 Convenience Stores

        2. 1.3.1.2 Online Channel

        3. 1.3.1.3 Supermarkets and Hypermarkets

        4. 1.3.1.4 Others

      2. 1.3.2 On-Trade

United States Red Meat Market Size FAQs

The United States Red Meat Market size is expected to reach USD 93.92 billion in 2024 and grow at a CAGR of 1.30% to reach USD 100.18 billion by 2029.

In 2024, the United States Red Meat Market size is expected to reach USD 93.92 billion.

US Red Meat Market Report Snapshots

US Red Meat Market Size & Share Analysis - Growth Trends & Forecasts Up To 2029