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Key regions: United Kingdom, Brazil, United States, Germany, Italy
The Meat Market within the Agriculture Market in the United States is experiencing considerable growth, influenced by factors such as shifting consumer preferences toward plant-based diets, rising concerns about sustainability, and fluctuating production costs affecting supply.
Customer preferences: Consumers are increasingly prioritizing transparency and ethical sourcing in their meat purchases, leading to a rise in demand for grass-fed, free-range, and sustainably farmed options. Additionally, younger demographics are showing a preference for alternative proteins, such as lab-grown meats and plant-based substitutes, driven by health consciousness and environmental concerns. Social media platforms play a crucial role in shaping these preferences, as influencers promote diets that align with sustainable and ethical values, further impacting traditional meat consumption patterns.
Trends in the market: In the United States, the Meat Market is experiencing a shift towards transparency and ethical sourcing, with consumers increasingly demanding grass-fed, free-range, and sustainably farmed options. This trend is particularly pronounced among younger demographics, who are also gravitating towards alternative proteins such as lab-grown meats and plant-based substitutes, motivated by health and environmental concerns. As social media influencers promote sustainable and ethical diets, traditional meat consumption patterns are being disrupted, prompting industry stakeholders to adapt their offerings and marketing strategies to align with evolving consumer values.
Local special circumstances: In the United States, the Meat Market is uniquely influenced by regional agricultural practices, consumer preferences, and stringent regulatory frameworks. The Midwest, known for its cattle ranching, emphasizes traditional beef production, while the Pacific Northwest sees a surge in organic and sustainable farming, reflecting local environmental values. Additionally, state-specific regulations on animal welfare and labeling impact consumer trust and market dynamics. Cultural diversity across the nation also drives demand for varied meat products, including ethnic specialties, further shaping the landscape of meat consumption and production.
Underlying macroeconomic factors: The Meat Market in the United States is significantly shaped by macroeconomic factors such as consumer income levels, trade policies, and shifts in global demand. Economic growth and rising disposable incomes lead to increased meat consumption, while fluctuations in feed costs and supply chain disruptions can affect production prices. Additionally, trade agreements impact export opportunities and market access for U.S. meat products. Environmental sustainability concerns and shifts toward plant-based diets are also influencing consumer preferences, prompting producers to adapt their offerings. Furthermore, inflationary pressures can affect both production costs and consumer spending habits, further shaping market dynamics.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)