Grocery stores have become a standard part of life, with people visiting to purchase the food they need. For example, many people buy meat at grocery stores, so you may wonder about the statistics associated with meat to understand what it offers.
The process will help you learn from the grocery store meat market, what you can expect from the industry, and how it may impact you. Some may even want to get involved in the meat industry, so research fantastic statistics to understand grocery store meat.
Top 10 Grocery Store Meat Statistics
You should start by reviewing these top 10 statistics, which will share the most exciting facts regarding grocery store meat.
- Most meat has dropped in price between April 2022 and April 2023, such as 100 percent ground beef dropping by 2.6 percent. (BLS)
- Fresh beef, chicken, pork, turkey, and lamb were the five most commonly sold meats in the United States in 2022. (Statista)
- Conventional meat made up 84.6 percent of the market share in the US in 2021, with organic at 2.3 percent and no antibiotics at 13.1 percent. (Statista)
- Per captia meat consumption will increase from over 226 pounds to over 236 pounds between 2021 and 2031. (Statista)
- Nearly 100 percent of market shoppers purchase meat, while only 24 percent purchase it from a farmers’ market. (Oregon State University)
- Meat processors more than doubled their profitability between 2013 and 2021. (The White House)
- Every one percent increase in beef prices lowers the demand by 0.2 percent. (Cornell)
- About 30 percent of calorie consumption around the world comes from meat. (CB Insights)
- Thirty-seven percent of people think that meat matters for a healthy lifestyle. (Food Business News)
- The number of households that spent over 600 dollars on meat in 2021 increased by 4.2 million. (IRi Worldwide)
Considering those points, you should review impressive grocery store meat statistics to see why the industry keeps growing and improving.
Grocery Store Meat Price and Money Statistics
To know what to expect from the grocery store meat industry, you must check the prices and money associated with it.
Most meat has dropped in price between April 2022 and April 2023, such as 100 percent ground beef dropping by 2.6 percent. (BLS)
Meat prices constantly fluctuate, so companies should be mindful of highs and lows.
Some meat has increased in price between April 2022 and April 2023, including lean and extra lean beef rising by 1.5 percent. (BLS)
The more in-demand meat, like extra lean beef, sits at higher prices.
The worldwide meat market has a projected revenue of 1,312 billion dollars in 2023, with the US having 165.30 billion dollars. (Statista)
The meat industry continues to grow, making it an excellent investment, especially in the US.
Meat prices were projected to increase between September 2020 and 2021, with beef and veal at a 17.6 percent increase. (Farm Policy News)
Different global circumstances impact meat prices, making them essential to monitor.
Other meats are predicted to increase in price by 5.9 percent in 2023. (USDA)
Since meat has price increases, customers are looking into alternative options.
Meat processors more than doubled their profitability between 2013 and 2021. (The White House)
Recent years are seeing large growths in the industry, making it a profitable option.
Every one percent increase in beef prices lowers the demand by 0.2 percent. (Cornell)
The law of supply and demand matters, but meat consumption favors the industry.
Panic buying in March 2020 led to a retail meat sales increase of 77 percent. (Ohio State University)
Businesses must prepare for bulk purchases and react accordingly to boost their profits.
The meat industry’s CAGR has increased by 0.8 percent. (IBIS World)
The value of the sector continues to grow alongside everything else.
The number of households that spent over 600 dollars on meat in 2021 increased by 4.2 million. (IRi Worldwide)
More people are spending money on meat, showing how the market continues to expand.
Some meat prices dropped in April 2023, such as ham by 4.8 percent, hotdogs by 2.9, uncooked beef by 2.3, and seafood by 1.2. (CNN)
Customers always have other options if they don’t want to purchase the most expensive meat.
Grocery Store Meat Market Size Statistics
On top of making more money, you can learn about grocery store meat by looking at how the market size has increased.
Fresh beef made up more than half the 2022 retail sales in the US, at 30.67 billion dollars. (Statista)
Beef remains among the highest-demand meat products, making it ideal for businesses.
Per capita meat consumption will increase from over 226 pounds to over 236 pounds between 2021 and 2031. (Statista)
People not only eat plenty of meat, but they’ll also keep eating more each year.
The fresh meat revenue has a projected annual growth of 8.65 percent between 2023 and 2027. (Statista)
The industry will grow at a noticeable rate each year.
Thirty-six percent of Americans cut down on how much meat they ate in 2021. (The Brink)
When the prices were high, many people cut down on their consumption, so companies must balance supply and demand.
Iowa has the highest swine production in the nation and is fourth with cattle. (Iowa State University)
You should establish your business in Iowa to get involved with the pork industry.
US meat production was 52 billion pounds in 2017, with poultry at 48 billion pounds. (Meat Institute)
Poultry makes up most of the meat production, making it a valuable industry.
Grocery Store Meat Type Statistics
You should see statistics based on specific meat types to see what they offer.
Fresh beef, chicken, pork, turkey, and lamb were the five most commonly sold meats in the United States in 2022. (Statista)
If you plan to sell meat in the US, use one of these products.
Conventional meat comprised 84.6 percent of the US market share in 2021, with organic at 2.3 percent and no antibiotics at 13.1 percent. (Statista)
Standard meat remains the most common option, though specialized types have their niche and market.
Turkey production was down 20 percent in 2021 compared to 2020. (Farm Policy News)
Turkey doesn’t have as much power as other meat, making it a less viable option.
Per capita red meat and poultry consumption increased from about 200 pounds in 2014 to 225 in 2021. (The White House)
People continue to eat more red meat, making it an ideal choice for a business.
In March 2020, ground beef sold 179.1 million dollars of food because of panic buying. (Ohio State University)
Meat can have large purchase spikes, meaning businesses should pay attention and prepare.
Georgia has the highest chicken slaughtering rate, with Nebraska having the most cattle and Minnesota having the most turkey. (Meat Institute)
These locations are the best options for businesses that want to enter the industries.
Broilers will increase in per capita pound consumption from 98.8 pounds to 106 between 2021 and 2031. (Statista)
Birds, such as chicken, remain an everyday product for meat eaters.
Other Grocery Store Meat Statistics
If you enjoyed the various grocery store statistics, you should review additional ones to see what the market offers.
Nearly 100 percent of market shoppers purchase meat, while only 24 percent purchase it from a farmers’ market. (Oregon State University)
Farmers’ markets have their place, but grocery stores remain the most important way to sell meat products.
The 2021 drought impacted 43 percent of the US winter wheat land. (Farm Policy News)
With less wheat, the farms feed fewer animals, causing them to have fewer pounds to sell.
About 30 percent of calorie consumption around the world comes from meat. (CB Insights)
No matter where you put your business, most countries have a market regarding meat.
98.4 percent of American households bought meat in 2020. (Super Market News)
America remains a prominent location for the meat industry since it’s a part of almost every American’s diet.
Ninety-four percent of people purchase meat because they feel it provides high-quality protein. (Super Market News)
People recognize the importance of protein in a diet, giving people a reason to purchase from the meat industry.
Thirty-two percent of people care about more environmentally friendly meat purchases. (Food Business News)
Going with an environmentally friendly approach has a market you can offer, even at a higher price.
Thirty-seven percent of people think that meat matters for a healthy lifestyle. (Food Business News)
People feel meat has health benefits, so the meat industry should capitalize on this.
Men average 4.8 meat ounces a day, and women average 3.13 ounces. (Meat Institute)
People eat plenty of meat daily, so the meat industry will always have a market.
Even though various circumstances impact the meat industry, it continues to grow and succeed. Pay attention to it and determine if you want to purchase meat, get involved with the industry, or use the information to help you.
Remember to review the statistics regularly and see how they evolve as time goes on.