Industry Data & Market Research

2023 U.S. Industry Statistics & Market Forecast - Processed Meat

Market Size & Industry Statistics

The total U.S. industry market size for Processed Meat: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Processed Meat market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The meat processed from carcasses industry is experiencing several trends that are affecting the way it operates. One of the key trends is the demand for healthier meat products. Consumers are becoming more health-conscious and are looking for meat products that are low in fat, calories, and cholesterol. This has led to the development of new processing techniques and packaging methods that preserve the nutritional quality of the meat while reducing its fat content.

Another trend in the industry is the increased use of automation and technology. The use of robotics and artificial intelligence in meat processing has resulted in more efficient and accurate processing techniques, which has led to higher productivity and reduced costs.

Sustainability is also a major trend in the industry. Consumers are increasingly concerned about the environmental impact of meat production, which has led to a growing demand for sustainable meat products that are produced with minimal environmental impact.

Finally, there is a trend towards the use of alternative protein sources such as plant-based proteins and lab-grown meat. This is driven by concerns about animal welfare, sustainability, and health, and it is likely to continue to grow in the coming years. As a result, companies in the meat processed from carcasses industry are investing in new technologies and partnerships to meet the changing demands of consumers.

Product & Services Breakdown

Research products and services in the Processed Meat industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description Sales ($ millions) Percent of Total Sales

Industry Total

Specialty Canning

Animal (Except Poultry) Slaughtering

Meat Processed From Carcasses

Pork, Processed Or Cured, Not Canned Or Made Into Sausage, Made From Purchased Carcasses

Sausage And Similar Products, Excluding Canned, Made From Purchased Carcasses

Canned Meats (Excluding Dog, Cat, And Baby Food), Made From Purchased Carcasses

Other Processed, Frozen, Or Cooked Meats, Made From Purchased Carcasses

Meat Processed From Carcasses, Not Categorized, Total

Poultry Processing

Processed Poultry And Small Game (Excluding Soups), Containing 20 Percent Or More Poultry Or Meat

Mayonnaise, Dressing, And Other Prepared Sauce Manufacturing

Perishable Prepared Food Manufacturing

Perishable Prepared Foods

Total Miscellaneous Receipts

Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Processed Meat company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Processed Meat industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Processed Meat measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 2%

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Chief Executives0%
General and Operations Managers1%
Installation, Maintenance, and Repair Occupations 6%
Other Installation, Maintenance, and Repair Occupations 5%
Production Occupations 58%
Food Processing Workers 39%
Butchers and Other Meat, Poultry, and Fish Processing Workers 34%
Meat, Poultry, and Fish Cutters and Trimmers 18%
Slaughterers and Meat Packers 14%
Miscellaneous Food Processing Workers 5%
Other Production Occupations 15%
Packaging and Filling Machine Operators and Tenders 6%
Packaging and Filling Machine Operators and Tenders 6%
Transportation and Material Moving Occupations 20%
Material Moving Workers 18%
Laborers and Material Movers 16%
Laborers and Freight, Stock, and Material Movers, Hand 10%
Source: Bureau of Labor Statistics

Processed Meat Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Processed Meat industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Processed Meat industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Processed Meat industry.

Government Contracts

In 2022, the federal government spent a total of $39,517,187 on Processed Meat. It has awarded 219 contracts to 51 companies, with an average value of $774,847 per company.   

Most Recent Contracts Date Total Award Amount
116 1/2 N Main St
Shamrock, TX
Jun 30, 2023$82,800

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