Meat Markets in the US - Industry Market Research Report

Meat Markets in the US - Industry Market Research Report

  • May 2021 •
  • 39 pages •
  • Report ID: 198910 •
  • Format: PDF
Prime cut: Increasing consumer spending is expected to help boost industry revenue growth

Abstract

Meat Markets in the US
The Meat Markets industry retails a variety of fresh, frozen and cured meat primarily to households, as well as other downstream markets. In recent years, competition from traditional and nontraditional retailers alike has limited the growth of meat markets and butcher shops. Moreover, the traditional relationship dynamic between food retailers, wholesalers and manufacturers has been shifting, making the food retail market more competitive overall. Operators encountered growing competition from supermarkets, grocery stores and big-box retailers over the five years to 2019. Each of these retail channels provide an extensive product range, while also benefiting from cost savings associated with economies of scale. Competition is expected to further squeeze operators over the five years to 2024. The decline in the price of red meat is expected to stall during the outlook period, while the price of poultry is expected to rise, bolstering revenue but somewhat pressuring profit margins. Competition from supermarkets and supercenters is expected to intensify.

The Meat Markets industry comprises butcher shops and delicatessens that primarily retail fresh, frozen and cured meats and poultry products to households, other retailers and food service companies. Establishments that primarily retail fish and seafood are covered in the Fish and Seafood Markets industry (IBISWorld report 44522). Butcher shops and deli counters owned by and operated in larger supermarkets are excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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