The COVID-19 pandemic has been marked by volatility in volume sales of processed meat, seafood and alternatives to meat. Foodservice volumes significantly declined in 2020 amidst restaurant closures and social distancing and capacity restrictions.
Although meat and seafood substitutes experienced declines in retail volume terms in 2021 and 2022, a return to growth is expected from 2023, and sales are expected to remain strong throughout the forecast period. A factor contributing to growth will be the entry of new players and products, which will keep consumers interested in this category.
Retail and foodservice volume growth of processed meat, seafood and alternatives to meat are expected to be relatively subdued throughout the forecast period, in line with historic trends, that show a consistently declining rate of per capita consumption of processed meat amongst the US population. This is in part driven by rising health and wellness trends, which have led consumers to increasingly avoid processed meat and overly processed foods in general.
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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 Definitions
This report originates from Passport, our Processed Meat, Seafood and Alternatives to Meat research and analysis database.
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