NORTH AMERICA EDIBLE MEAT MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 The market for edible meat in North America is anticipated to grow at a CAGR of 0.86%. Beef, which had the greatest value growth rate in 2021 and is predicted to have a CAGR of 8.82% during the projected period, dominates the North American edible meat market. The consumption habits of US consumers have changed, with 28% of consumers planning to buy meat that is nourishing and healthy in 2021. Sales of grass-fed beef grew substantially more quickly during the COVID-19 epidemic, increasing by 45% in value from 2020 to 2021.

Higher pricing have coincided with a decline in sheep and lamb output, which has led to higher production costs. The cost of production is 20% more than that of any other meat in the area. Consumption of sheep and lamb declined due to supply shortages and high pricing, which also stunted the animals' growth. Pork is the meat type that is predicted to expand the fastest in the North American region over the projection period, with a CAGR of 0.85%. Pork consumption is still largely consistent, with variations brought mainly by supply-related price shifts.

Major Players: Cargill, Incorporated, Hormel Foods Corporation, Marfrig Global Foods SA, Sysco Corporation and Tyson Foods, Inc.


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