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2022

North America Cooked Meat Market

North America Cooked Meat Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, Breading, Sales Channel, product Type and Industry Forecast, 2022-2031

FB : Convenience Food/Frozen Food

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Author's: Anil Kamble | Roshan Deshmukh
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The North America cooked meat market size was valued at $62,213.3 million in 2021, and is estimated to reach $101,970.0 million by 2031, registering a CAGR of 4.5% from 2022 to 2031.

Cooked meat considered in this market is ready-to-eat meat. Ready-to-eat meat is a kind of meat that does not require further processing for consumption. It is serviced or distributed through hotels, restaurants, quick service restaurants, fast food outlets and others. Furthermore, ready-to-eat packaged meat products are also considered in this study. These ready-to-eat packaged meat products are sold through various sales channel such as hypermarket/supermarket, convenience stores and others.

North-America-Cooked-Meat-Market

There has been an increase in the demand for convenience food items over the years and this growth has been drastic in the U.S. and Canada. Convenient food has become a regular source of nutrition for consumers working in the corporate sector. This increases the adoption of convenience food products including ready-to-eat and ready-to-cook meat and are projected to propel the growth of the North America cooked meat in the market.

Rise in business-related travel and tourism and increase in number of food joints such as hotels & restaurants in North America fuel the growth of the food service industry, which in turn fosters the growth of the cooked meat market. According to the National Restaurant Association, the U.S. restaurant industry sales was $799 billion in 2021, down $65 billion from 2019's pre-pandemic levels. Cross-border investments, experiments & innovations in varieties of cuisines, and growth in travel & tourism industry are anticipated to provide lucrative opportunities for the North America food service industry, which in turn supports the growth of the North America cooked meat market expansion.

North America Cooked Meat Market
By Type
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Poultry segment held the major share of 45.6% in 2021

Manufacturing costs of cooked meat products are high due to greater labor efforts per unit of output and higher rate of production cost. Furthermore, highly skilled labor are required for manufacturing of cooked meat including chefs of the hotel and restaurants that result in higher costs of the cooked meat.

According to the North America cooked meat market analysis, the market is segmented on the basis of type, breading, sales channel, product type and country. On the basis of type, the North America cooked meat market is categorized into poultry, beef, pork and others. On the basis of breading, the market is segmented into, breaded and unbreaded. By sales channel, market is segregated into food service, supermarkets/hypermarkets, convenience stores, e-commerce and others. On the basis of product type, market is segmented into frozen, fried and canned. Country wise, it is analyzed across the U.S., Canada, and Mexico.

North America Cooked Meat Market
By Breading
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Breaded segment held the major share of 54.2% in 2021

According to the North America cooked meat market trend, on the basis of type, the pork segment was the significant contributor to the market, with $13,224.6 million in 2021, and is estimated to reach $24,165.6 million by 2031, at a CAGR of 5.6% during the forecast period. Cooked pork meat has a prolonged shelf life and is more convenient. It is widely used in food service industry, restaurants, fast food chains, and hotels. The rise in penetration of fast-food chains such as Burger King, Taco Bell, Domino’s, and others drives the growth of the pork segment in the cooked meat market.

According to the North America cooked meat market analysis, on the basis of breading, the unbreaded segment is estimated to reach $47,479.2 million by 2031, at a CAGR of 4.7% during the forecast period. Increasing use of unbreaded meat on sandwiches and burgers are expected to increase the sales of cooked meat through unbreaded meat segment. Various companies providing unbreaded cooked meat which can be custom with flavor and textured as per consumers’ preference. Thus, above mentioned factors are likely to upsurge the growth of the market.

North America Cooked Meat Market
By Sales Channel
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Food Service segment held the major share of 87.6% in 2021

According to the North America cooked meat market trend, on the basis of sales channel, the e-commerce segment has been gaining considerable share in North America cooked meat market and is expected to sustain its share during the forecast period. Increased internet penetration and online grocery shopping in the North America and availability of the cooked meat products e-commerce and company owned website platforms are expected to foster the growth of the cooked meat market through e-commerce segment. Consumers now rely on internet to gain information and consider online shopping as the most convenient option. Thus, most of the key cooked meat manufacturers have created their own web portals for selling products, which, in turn, boost the market growth.

North America Cooked Meat Market
By Product Type
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Fried segment held the major share of 63.4% in 2021

On the basis of product type, the fried segment has been gaining highest share in the market and is expected sustain its share during the forecast period. Fried meat is majorly preferred by the consumers owing to benefits such as enhanced flavor, crispy texture and excellent retention of vitamins and minerals. Fried meat is majorly served through various food service outlets and fried cooked meat products are also available in retail stores and online retail stores. Increasing product launch of the fried meat for direct consumption is further anticipated to propel the demand for cooked meat in North America region.

The major players operating in the market are Bolton Group S.r.l., Goya Foods, Inc., Hormel Foods Corporation, JBS S.A., Koch Foods LLC, Kraft Heinz Company, Link Snacks, Inc., Perdue Farms, Inc., Tyson Foods, Inc. and Yum! Brands, Inc.

North America Cooked Meat Market
By Country
2031
U.s. 
Canada
Mexico

U.S. country held the major share of 80.5% in 2021

Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current trends, estimations, and dynamics of the market size from 2020–2030 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assist to determine the prevailing market opportunities.
  • The major countries in each region are mapped according to their revenue contribution to the North America Cooked Meat market share.
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the North America Cooked Meat industry.

North America Cooked Meat Market Report Highlights

Aspects Details
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By Type
  • Poultry
  • Beef
  • Pork
  • Others
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By breading
  • Breaded
  • Unbreaded
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By sales channel
  • Food Service
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • E-Commerce
  • Others
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By Product Type
  • Frozen
  • Fried
  • Canned
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By North America
  • U.S.
  • Canada
  • Mexico

Analyst Review

Based on insights of the top CXOs, the changing food consumption behavior, rise in demand for convenience food, increased per capita protein requirement and increased willingness to spend on ready-to-eat food products are expected to propel the growth of the North America cooked meat market during the forecast period. Convenient packaging, prolonged shelf life and ensured quality with taste and texture of cooked meat are encouraging consumers to buy cooked meat through retail channel. Growing health consciousness and awareness regarding healthy food habits and increasing protein requirement among the North America population is propelling the demand for cooked meat products.

In the current business scenario, there is a substantial demand for cooked meat from retail and food service user segment. Poultry meat is comparatively cheaper and contains lower content of saturated fats as compared to pork, beef or goat meat. Owing to economic consideration and increased health awareness, popularity of processed poultry meat has soared in the last couple of years. Chicken is the most preferred type of poultry followed by ducks and turkey for meat consumption. In developed countries such as the U.S, consumption of cooked poultry and beef meat was higher.

However, buyers in these countries shifted toward pork meat as it contains Vitamins B6 and B12 are essential for blood cell formation and brain function. The emerging trend of outbreaks of avian diseases and increased cost of production are the major challenges for cooked meat manufacturers. Companies operating in the cooked meat business are adopting aggressive business strategies such as marketing & promotion and distribution strategies, in order to expand their business. Adoption of such strategies is expected to create stiff competition in the market.

The CXOs further added that e-commerce will play an exceptional role in the growth and development of the cooked meat market. The use of internet technology coupled with growing adoption of smartphones and growing e-commerce platforms will positively and significantly boost the sale of the cooked meat. The growing penetration of various food delivery platforms such as Deliveroo, Grubhub, Dunzo, Faasos, Eatfit, Scootsy, and Zomato, is boosting the sales of cooked meat. The millennia tend to order food from these e-commerce platforms more frequently and hence, it is positively impacting the growth of the cooked meat market across North America region.

Author Name(s) : Anil Kamble | Roshan Deshmukh
Frequently Asked Questions?

The North America Cooked Meat market size was valued at $62,213.3 million in 2021.

4.5% is the CAGR of North America Cooked Meat Market.

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2022-2031 is the forecast period in the market report.

Bolton Group S.r.l., Goya Foods, Inc., Hormel Foods Corporation, JBS S.A., Koch Foods LLC, Kraft Heinz Company, Link Snacks, Inc. and Perdue Farms, Inc., are some of the top companies in the North America Cooked Meat Market

The market is segmented on the basis of type, breading, sales channel, product type and country.

Growing demand for convenience food including ready-to-eat and ready-to-cook food and rising popularity for packaged meat snacks are upcoming trends in North America Cooked Meat Market.

By country, U.S. country will dominate the market by the end of 2031.

COVID-19 Negatively impacted the growth of the market.

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North America Cooked Meat Market