$11.3bn
$XXX.Xm
48,828
8,619
$X.Xbn
Over the past five years, the Meat Markets industry has endured heightened competition from traditional and nontraditional retailers, while health consciousness has turned some consumers off from meat altogether. Health concerns have also encouraged consumers to opt for specialty meat products over conventional, mass-retailed products. Organic, grass-fed and custom cuts are just some of the products that have boosted foot traffic to meat markets during the period. With the swelling popularity of ethnic food, more consumers are seeking uncommon cuts of meat, including oxtail, lamb ribs and top-blade steak, which are often difficult to find in supermarkets or wholesale clubs. Amid shifting consumer preferences, revenue for meat markets is estimated to strengthen at a CAGR of 3.0% to reach an expected $11.3 billion over the past five years, although revenue is anticipated to drop 0.3% in 2024 alone.
Industry revenue has grown at a CAGR of 3.0 % over the past five years, to reach an estimated $11.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
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There are no companies that hold a large enough market share in the Meat Markets in the US industry for IBISWorld to include in this product.
Meat Markets in the US
Industry revenue is measured across several distinct product and services lines, including Beef , Chicken and Turkey. Beef is the largest segment of the Meat Markets in the US.
Meat markets keep beef sales afloat through specialty cuts
The Meat Markets industry comprises butcher shops and delicatessens that primarily retail fresh, frozen and cured meats and poultry products to households, other retailers and food service companies. These outlets may also purvey a variety of specialized products like homemade sausages, marinated meats or gourmet cuts.
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NAICS 44521 - Meat Markets in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Value-added meat products are driving growth for butchers and delicatessens. A growing immigrant community and an expansion of time-poor consumers are prompting meat markets ...
Learn about an industry's products and services, markets and trends in international trade.
Value-added products set meat markets apart from conventional grocery stores. Although supermarkets offer lower-priced meats, consumers turn to butchers for premarinated, pre...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Meat markets settle in densely populated areas to increase foot traffic. Location is crucial to attracting consumers who value convenience.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competition from big-box retailers is climbing. As companies like Walmart and Target have expanded into groceries, butchers and delicatessens struggle to keep up with these s...
Learn about the performance of the top companies in the industry.
The Meat Markets industry has no major companies. Most butchers and delicatessens are small, independent and privately-owned enterprises with only one storefront.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Meat markets don’t receive direct assistance but benefit from government assistance to upstream suppliers. Subsidies for cattle ranchers lower the purchase cost of meat for b...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Specialty meat markets incur higher purchase costs than the average butcher shop. Butcher shops sell organic meat products and other exotic cuts to differentiate themselves f...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Meat Markets in the US industry in United States is $11.3bn in 2024.
There are 8,619 businesses in the Meat Markets in the US industry in United States, which has grown at a CAGR of 1.2 % between 2019 and 2024.
The market size of the Meat Markets in the US industry in United States has been growing at a CAGR of 3.0 % between 2019 and 2024.
Over the next five years, the Meat Markets in the US industry in United States is expected to grow.
Beef and Pork are part of the Meat Markets in the US industry.
The level of competition is high and steady in the Meat Markets in the US industry in United States.