PROSPECTS AND OPPORTUNITIES
Unit price adjustments in an uncertain future
Over the past two years, US consumers have had to contend with the rising cost of living, which has had a significant impact on their purchasing habits. While chilled and frozen processed poultry have managed to see momentum by reducing unit prices and attracting more consumers, some other processed meat categories have struggled to follow suit.
Legislation likely to increase production costs
The landscape for livestock production in the US is becoming increasingly complex, due to a growing web of state sales bans, environmental protection agency (EPA) policies, and animal welfare legislation that has been enacted since 2019. These regulations have had a profound impact on the cost structure of farming, particularly in terms of raising livestock.
Increasing maturity for meat and seafood alternatives
Meat and seafood substitutes is poised for a further significant shift in the US in the forecast period, moving away from the rapid growth and decline that characterised the last 15 years. While the early years of the category were marked by dynamic innovation, market disruption, and an influx of venture capital, the next phase will likely be one of consolidation and maturity.
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Overview:
Understand the latest market trends and future growth opportunities for the Processed Meat, Seafood and Alternatives to Meat industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Processed Meat, Seafood and Alternatives to Meat industry in USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Processed Meat, Seafood and Alternatives to Meat in USA report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Processed Meat, Seafood and Alternatives to Meat in USA?
- Which are the leading brands in Processed Meat, Seafood and Alternatives to Meat in USA?
- How are products distributed in Processed Meat, Seafood and Alternatives to Meat in USA?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Processed Meat, Seafood and Alternatives to Meat?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in USA?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Processed Meat, Seafood and Alternatives To Meat in the US - Category analysis
KEY DATA FINDINGS
To increase volumes, unit prices decline for the first time in years
Meat and seafood substitutes struggles to regain momentum
Company shares and rankings remain stable
Unit price adjustments in an uncertain future
Legislation likely to increase production costs
Increasing maturity for meat and seafood alternatives
Staple Foods in the US - Industry Overview
Staple foods in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for staple foods?
DISCLAIMER
The following categories and subcategories are included:
Processed Meat, Seafood and Alternatives to Meat
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- Shelf Stable Processed Red Meat
- Shelf Stable Processed Poultry
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- Chilled Processed Red Meat
- Chilled Processed Poultry
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- Frozen Processed Red Meat
- Frozen Processed Poultry
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- Shelf Stable Seafood
- Chilled Processed Seafood
- Frozen Processed Seafood
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- Chilled Meat and Seafood Substitutes
- Frozen Meat and Seafood Substitutes
- Shelf Stable Meat and Seafood Substitutes
- Tofu and Derivatives
Processed Meat, Seafood and Alternatives to Meat
This is the aggregation of processed meat, processed seafood and meat and seafood substitutes.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Processed Meat, Seafood and Alternatives to Meat research and analysis database.
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