Meat And Poultry Market in the United States
Market Overview
The U.S. meat and poultry market stood at $
in , remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.
In value terms, meat and poultry production reached $ in . The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of %. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.
The average yield of meat and poultry in the United States stood at kg per head in , stabilizing at figures. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of %. The meat and poultry yield peaked in and is expected to retain growth in the immediate term.
In, number of animals slaughtered for meat and poultry production in the United States stood at heads, standing approx. at the previous year. Overall, the number of producing animals showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the number of producing animals increased by %. As a result, the amount of producing animals attained the peak level of heads; afterwards, it flattened through to .
in , remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption remained at a lower figure.In value terms, meat and poultry production reached $
in . The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of %. Over the period under review, production hit record highs at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.The average yield of meat and poultry in the United States stood at
kg per head in , stabilizing at figures. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of %. The meat and poultry yield peaked in and is expected to retain growth in the immediate term.In
, number of animals slaughtered for meat and poultry production in the United States stood at heads, standing approx. at the previous year. Overall, the number of producing animals showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the number of producing animals increased by %. As a result, the amount of producing animals attained the peak level of heads; afterwards, it flattened through to .Consumption
In , the amount of meat and poultry consumed in the United States was estimated at tons, approximately mirroring . Over the period under review, consumption showed a relatively flat trend pattern. Meat and poultry consumption peaked in and is likely to see gradual growth in the immediate term.
The value of the meat and poultry market in the United States stood at $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Meat and poultry consumption peaked in and is likely to see steady growth in the near future.
, the amount of meat and poultry consumed in the United States was estimated at tons, approximately mirroring . Over the period under review, consumption showed a relatively flat trend pattern. Meat and poultry consumption peaked in and is likely to see gradual growth in the immediate term.The value of the meat and poultry market in the United States stood at $
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Meat and poultry consumption peaked in and is likely to see steady growth in the near future.Consumption by Type
Chicken meat ( tons), beef (cattle meat) ( tons) and pork ( tons) were the main products of meat and poultry consumption in the United States, with a combined % share of the total volume. These products were followed by turkey meat, meat of other animals, lamb and sheep meat, duck and goose meat, goat meat, horse, mule and donkey meat and rabbit or hare meat, which together accounted for a further %.
From 2007 to, the biggest increases were recorded for goat meat (with a CAGR of +%), while consumption for the other products experienced more modest paces of growth.
In value terms, beef (cattle meat) ($) led the market, alone. The second position in the ranking was taken by pork ($). It was followed by chicken meat.
From 2007 to, the average annual rate of growth in terms of the value of beef (cattle meat) markets stood at +%. With regard to the other consumed products, the following average annual rates of growth were recorded: pork (+% per year) and chicken meat (+% per year).
tons), beef (cattle meat) ( tons) and pork ( tons) were the main products of meat and poultry consumption in the United States, with a combined % share of the total volume. These products were followed by turkey meat, meat of other animals, lamb and sheep meat, duck and goose meat, goat meat, horse, mule and donkey meat and rabbit or hare meat, which together accounted for a further %.From 2007 to
, the biggest increases were recorded for goat meat (with a CAGR of +%), while consumption for the other products experienced more modest paces of growth.In value terms, beef (cattle meat) ($
) led the market, alone. The second position in the ranking was taken by pork ($). It was followed by chicken meat.From 2007 to
, the average annual rate of growth in terms of the value of beef (cattle meat) markets stood at +%. With regard to the other consumed products, the following average annual rates of growth were recorded: pork (+% per year) and chicken meat (+% per year).Market Forecast
Driven by increasing demand for meat and poultry in the United States, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, the share of imports in terms of total meat and poultry consumption in the United States was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the the United States meat and poultry market is largely supplied by domestic manufacturers.
% figure. In value terms the share of imports also stood at a low figure, which means that the the United States meat and poultry market is largely supplied by domestic manufacturers.Trade Balance
The United States remains a net exporter of meat and poultry; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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