The market is dominated by domestic suppliers, as imports account for 6.1% of total market size in 2022. Households drive market demand, with household spending representing 63.1% of total demand in 2022. The US has the largest market size for meat and meat products across the top 20 developed countries, with demand reaching USD318 billion in 2022. Tyson Foods Inc is the largest company in the US, generating 16.3% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 29.6% of total production value in 2022. The total number of companies increases in 2022, to 5,794 units. The costs of the industry increase by 5.8% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 6.9% of production value in 2022, the fifth highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 8.3% of total production output. With production value of USD245 billion, the US accounts for 87.8% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Meat and Meat Products in the US: ISIC 1511. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Meat and Meat Products in the US: ISIC 1511 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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