North America Red Meat Market – SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028 – Yahoo Finance

The North America Red Meat Market is projected to register a CAGR of 0.86%. Key Highlights. Largest Segment by Type – Beef : The market is observing growth due to the rising demand for grass-fed beef as it is leaner and has less fat.
New York, Jan. 13, 2023 (GLOBE NEWSWIRE) — announces the release of the report “North America Red Meat Market – SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028” –
It is also marketed as a higher quality and premium product.
Largest Segment by Country – United States : The US is ideal for raising livestock due to the presence of grasslands and abundant water. Distribution is much easier with processing plants spread across the country.
Fastest-growing Segment by Type – Pork : With the USDA’s Farm Service Agency providing financial support to small pork producers in the country, the market has achieved stability through economic crises.
Fastest-growing Segment by Country – Mexico : The country’s improved meat practices, along with higher quality, safety, supply, and better accessibility, have contributed to the growth of the Mexican market.

Key Market Trends

Beef is the largest segment by Type.

The North American edible meat market is driven by beef, which had the highest growth rate by value in 2021. It is expected to register a CAGR of 8.82% over the forecast period. There was a change in the consumption pattern of US shoppers, with 28% of them focused on choosing nutritious and healthy meat in 2021. This trend has been evident throughout the COVID-19 pandemic, with sales of grass-fed beef growing much faster, up by 45%, in value compared to 2020.
The decrease in sheep and lamb production was accompanied by higher prices, which were responsible for the greater production costs. Their production costs 20% more than any other meat in the region. A shortage in supply and high prices declined the consumption of sheep and lamb and prevented their growth. Pork is the fastest-growing meat type in the North American region, expected to reach a CAGR of 0.85% by value during the forecast period. Pork consumption remains relatively steady, with fluctuations occurring due to price changes associated with supply.
The government and regulatory authorities are taking additional steps to stabilize the pig farming sector in the region. The US Department of Agriculture’s Farm Service Agency (FSA) approved more than USD 545 million in payments to producers who applied for the Coronavirus Food Assistance Program. This initiative is aimed at producers who have suffered a 5% or larger price decline due to COVID-19 and face high additional costs due to lower demand, surplus production, and disruptions to marketing and shipping. The number of pigs slaughtered in the United States reached 2,452,000 in 2020.

United States is the largest segment by Country.

The United States held the major market share of red meat during the review period, as the sales value increased by about 43.4% from 2016 to 2021. This increase was majorly due to the increased beef consumption in the United States. Beef accounted for about 63% of the market share in 2021 compared to other meat types. Beef producers are very technology-driven, utilizing techniques like 3D printing and sensors to improve beef production.
Mexico is the fastest-growing country in North America. It is projected to record a CAGR of 1.33% during the forecast period (2022-2028) due to the steadily growing US exports to Mexico over the past few years. This increase in exports is boosted by the North American Free Trade Agreement (NAFTA) and Mexico’s growing meat consumption. Mexico has the largest market, by volume, for US pork and poultry and the second-largest market for US beef exports. As pork imports and production increased in Mexico, people began preferring less expensive pork over beef.
Even though Q4 2021 was disrupted due to high numbers of COVID-19 cases, high inflation, and supply chain disruptions, consumers continued to buy poultry products. The retail supply chain continued to move more pounds of meat through the system, registering an increase of 3.5% compared to 2019.
On-trade is the major distribution channel, accounting for 58% of the market share in 2021. The major companies operating in the red meat market, such as Tyson Foods Inc. and Cargill Incorporated, have more than 40 processing plants and partnerships with on-trade distribution channels, such as restaurants and hotels.

Competitive Landscape

The North America Red Meat Market is moderately consolidated, with the top five companies occupying 44.91%. The major players in this market are Cargill, Incorporated, Hormel Foods Corporation, Marfrig Global Foods SA, Sysco Corporation and Tyson Foods, Inc. (sorted alphabetically).

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report:

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.


The two knew from the start they were working on fake accounts, according to a lawsuit filed by JP Morgan.
The wait is over: It’s bank-earnings time. Profits were up at America’s two largest banks in the fourth quarter, but JPMorgan is predicting recession. Here’s how the banks did: + [At JPMorgan, profit rose 6% and revenue jumped 18%]( The bank set aside $1.4 billion for potential loan losses in a mild recession. + [Bank of America profit rose 2
(Bloomberg) — In just over three weeks, seaborne deliveries of diesel from the European Union’s single biggest external supplier will be all but banned.Most Read from BloombergElon Musk Fan With 2,900% Gain Sees $1.5 Million Wiped AwayUS Inflation Cools Again, Putting Fed on Track to DownshiftT-Mobile Considers Buying Ryan Reynolds’s Mint MobileThe Document That Separates Biden and TrumpGoogle, Nvidia Express Concerns to FTC About Microsoft’s Activision DealWho will step in to plug this enormou
(Reuters) -Wells Fargo & Co on Friday reported a 50% decline in profit for the fourth quarter as the bank racked up more than $3 billion in costs related to a fake accounts scandal and boosted loan loss reserves for a potential economic slowdown. Provision for credit losses was $957 million in the quarter, compared with a $452 million release a year earlier. Provision for credit losses in the quarter included a $397 million increase in the allowance for credit losses primarily reflecting loan growth, as well as a less favorable economic environment, the bank said.
So much for that Tesla stock (TSLA) bounce.
One company has celestial aspirations, while the other is looking to get back its positive momentum.
General Electric (NYSE: GE) has completed the first part of its breakup, and GE shareholders are now owners of GE HealthCare Technologies (NASDAQ: GEHC). But what should you make of the change, and are the shares worth selling, adding to, or initiating a new position in? Here's the lowdown.
Pretty much all Warren Buffett has done is win since becoming CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965. Including the 4% gain for Berkshire's Class A shares (BRK.A) in 2022, the Oracle of Omaha has overseen a greater than 3,700,000% aggregate return for his shareholders since taking the reins. With approximately four dozen securities in Berkshire Hathaway's investment portfolio, some are bound to underperform.
BERLIN (Reuters) -The Volkswagen Group reported its lowest sales in over a decade in 2022 as COVID-19 lockdowns in China and the war in Ukraine upended supply chains, and a fourth-quarter recovery risks running into further challenges this year. The German group, whose brands range from mass-market VWs and Skodas to premium Audis and Bentleys, said on Thursday it delivered 8.3 million vehicles to customers last year. That indicates it will remain in second place globally for the third year in a row behind Japan's Toyota Group, which by November had already produced over 9.5 million cars.
Burger King has seen better days. Once the Pepsi to McDonald's Coke, the Restaurant Brands International chain has fallen to number three in the U.S., slipping behind Wendy's . On the positive side, however, Burger King has great brand recognition.
Bank earnings are on tap and the nation’s biggest bank, JPMorgan Chase Co., says its profits on lending soared. But it is now officially expecting a mild recession. + Revenue rose 18% to $34.55 billion. Wall Street was looking for $34.35 billion, according to FactSet. + Profit rose 6% to $11 billion, or $3.57 per share. Analysts expected $3.08 per share. + The bank set aside $1.4 billion for potential loan-losses, as the bank said it is now anticipating a mild recession. A year ago, $1.8 billion
Wells Fargo Co.’s earnings just landed. The bank took a big charge tied to [_**a $3.7 billion settlement**_]( with the Consumer Financial Protection Bureau late last year to settle allegations that it harmed more than 16 million people with deposit accounts, auto loans and mortgages. + The bank earned $2.86 billion, down 50% from $5.75 billion in the [year-earlie
Overall, the December CPI report roughly met Street expectations, but there is still a lot of bearish commentary going around right now. Many financial prognosticators are forecasting another tough year for the stock market as the prospect of a recession looms large. However, that is certainly not the view of HSBC's Max Kettner. The strategist points out that the harbingers of doom are unlikely to be surprised by more negative developments with the markets already accounting for the fatalistic o
EV maker Tesla's Shanghai gigafactory expansion is reportedly delayed amid data concerns.
It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it…
Let's discuss the prospects of three high-yield stocks, which are offering dividend yields above 5% and are attractively valued right now. Thanks to the high dividends of these stocks, their shareholders are adequately compensated while waiting for the stock prices to appreciate. Verizon Communications , which was created by the merger between Bell Atlantic and GTE in 2000, is one of the largest wireless carriers in the U.S. The company generates approximately 75% of its revenue from its wireless business and the remaining 25% from broadband and cable services.
Electric vehicle (EV) stocks are soaring this week. EV maker Lucid Group (NASDAQ: LCID) was up by 30%, charging network company ChargePoint Holdings (NYSE: CHPT) was 24.1% above last Friday's closing price, and solid-state battery maker QuantumScape (NYSE: QS) was rising by 32.1% for the week, according to data provided by S&P Global Market Intelligence. Many growth stocks were rising this week as investors anticipated — and received — tamer inflation data that spurred hopes that the Federal Reserve would slow, or pause, interest rate hikes.
Expensive stocks can have low share prices. Cheap stocks can have high share prices. It might seem counterintuitive, but it's true. Of course, there are also attractively valued stocks that have low share prices.
MARKET PULSE Bank of America Corp (BAC) stock rose 0.3% in premarket trades Friday after the financial firm beat its earnings and revenue targets as it benefitted from higher interest rates on its loans.
Starting Jan. 30, Starbucks employees are expected to be in the office three days a week.