US Shipments of Meat & Poultry Products to See Slower Gains in Nominal Terms to 2022 Compared to 2007-2017 Decade

1/2/2019

Cleveland, OH, January 2, 2019 — In nominal terms, US shipments of fresh and frozen meat and poultry products are forecast to grow 1.7% annually through 2022, while processed meat and poultry shipments are projected to see 2.4% annual gains over that span, according to Meat & Poultry Products: United States, a report recently released by Freedonia Focus Reports.

Advances will be spurred by rising domestic consumption, driven by population growth and increasing disposable personal income levels. Further shipment gains will be aided by favorable global macroeconomic trends and rising demand for meat and poultry in export markets. Increased levels of consumer spending and a trend toward convenience food will drive sales of higher-cost, value-added meat and poultry products. However, ongoing trade disputes and the establishment of tariffs will restrain export opportunities for US meat and poultry producers.

These and other key insights are featured in Meat & Poultry Products: United States. This report forecasts to 2022 US meat and poultry product shipments in nominal US dollars at the manufacturer level. Shipments of fresh and frozen products are segmented in terms of:

  • beef
  • veal
  • pork
  • lamb and mutton
  • poultry

Shipments of processed products are segmented as follows:

  • meat
  • poultry

To illustrate historical trends, total shipments, the various segments, and trade are provided in annual series from 2007 to 2017.

For the purposes of this report, “meat” excludes poultry products, and “red meat” refers to muscle meat (e.g., beef, pork, lamb, and veal). The scope of this report encompasses products from slaughtered animals; live animals are not counted in stated shipment figures. Also excluded are byproducts of slaughtering such as animal hides, skins, and pelts; bones removed during the slaughtering process; lard and tallow; and inedible offal. Furthermore, chickens and other animals grown for their meat on a small scale by consumers on their properties for their own consumption are excluded. Re-exports of meat and poultry products are excluded from trade figures.

More information about the report is available at:

https://www.freedoniafocusreports.com/Meat-Poultry-Products-United-States-FF10017/