Meat Markets in the US - Industry Market Research Report

Smoked out: Increasing consumer spending and low unemployment will likely boost industry revenue

Over the past five years, the Meat Markets industry has faced 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 increased foot traffic to meat markets during the period. With the growing 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 the Meat Markets industry has risen at a CAGR of 0.8% to reach an estimated $9.3 billion over the past five years, with revenue rising 0.5% in 2023 alone.

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. Establishments that primarily retail fish and seafood are covered in the Fish and Seafood Markets industry (report 44522). Butcher shops and deli counters owned by and operated in larger supermarkets are excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.