From 2008 to 2015, the U.S. red meat market showed negative dynamics, falling from 46.6 million pounds to 44.2 million pounds. Although consumption decreased, overall market value increased thanks to more value-added products being launched on the market. Following gradual price increases, market revenue consistently grew. In value terms, the U.S. beef, veal, lamb and mutton market was estimated at 90.19 billion USD in 2015, growing by +3.8% annually between 2008 and 2015. A significant drop was observed last year, when the market value decreased by 7% due to a record fall in prices.
U.S. growth in red meat consumption is expected to accelerate to +0.2% (currently -0.7%) in the medium term, amid the current economic recovery and a growing demand for high-end fresh meat cuts and upscale meat products.
U.S. red meat manufacturing illustrated negative dynamics, decreasing from 50.36 million pounds in 2008 to 47.6 million pounds in 2015. The CAGR dropped -0.9% over the period under review. In value terms, U.S. beef, veal, lamb and mutton production posted solid gains since 2010, only to fall by 7% in 2015, finally reaching 93.9 billion USD.
U.S. producers benefited from expanding meat exports, which accounted for a 12% share in U.S. manufacturing. U.S. companies are well-known suppliers of high-quality grain-fed beef. In 2014, the main destinations of U.S. beef, veal, lamb and mutton exports were Mexico (28%) and Japan (21%), followed by the Republic of Korea (8%), Canada (8%) and China (7%). These five leaders together comprised 72% of U.S. exports. The share exported to Mexico increased (+2 percentage points), while the share sent to Japan (-2 percentage points) and Canada (-5 percentage points) illustrated negative dynamics. U.S. beef supplies to Japan and South Korea are projected to increase, due to the recovery of these markets, which were closed to the United States following the first U.S. case of bovine spongiform encephalopathy (BSE) in December 2003.
It is expected that U.S pork exports will continue an upward trend in the mid-term, fueled by growing production efficiency. U.S. producers will strengthen their positions on export markets, particularly in Pacific Rim nations and Mexico. The Russian market will be closed for U.S. exports into the near future as a result of sanctions against the country, as well as rapidly increasing domestic production there.
Imports should not be regarded as strong factors influencing U.S. market dynamics in the medium term. Canada and Australia were the main suppliers of beef, veal, lamb and mutton into the U.S., with a combined share of 67% of total U.S. imports in 2014. However, the fastest growing supplier was Mexico (+31.7% per year). This country strengthened its position in the U.S. import structure, from 1% in 2007 to 8% in 2014. By contrast, Canada saw its share reduced to 37%.
The U.S. is projected to keep its dominance in global imports of beef, primarily of grass-fed, lean beef from Australia, New Zealand, and NAFTA countries, for use in ground beef and processed products.
Net US exports of beef, veal, lamb and mutton has shown a positive trend since 2007. In 2014 this industry ran a significant trade surplus of 4,363 million USD, approximately 35% of gross exports. This surplus could grow substantially in the years to come.
Follow the link below to review a free sample or to buy the report: http://www.indexbox.co.uk/store/us-beef-veal-lamb-and-mutton-market-analysis-and-forecast-to-2020/
“U.S. Beef, Veal, Lamb And Mutton Market. Analysis And Forecast to 2020” provides an in-depth analysis of the U.S. market for beef, veal, lamb and mutton. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
Countries coverage: the U.S.
- Market size;
- Domestic production, value of shipments;
- Key market players and their profiles;
- Exports, imports and trade balance;
- Import and export prices;
- Forecast of the market dynamics in the medium term;
- Key industry statistics;
- Life cycle of the industry;
- Number of establishments and their locations;
- Employment data;
- Industry productivity.
Product coverage: Beef, not canned or made into sausage, made in slaughtering plants; Veal, not canned or made into sausage, made in slaughtering plants; Lamb and mutton, not canned or made into sausage, made in slaughtering plants; Pork, not canned or made into sausage, made in slaughtering plants; Lard, made in slaughtering plants; Pork, processed or cured, not canned or made into sausage, made in slaughtering plants; Sausage and similar products, excluding canned, made in slaughtering plants; Canned meats (excluding dog, cat, and baby food), made in slaughtering plants; Hides, skins, and pelts, made in slaughtering plants; Miscellaneous by-products of slaughtering plants; Animal (except poultry) slaughtering, nsk, total
Companies mentioned: Tyson Foods, Hormel Foods Corporation, Seaboard Corporation, Smithfield Foods, Morrell John & Co, Clemens Food Group, Amick Farms, National Beef Packing Company, FPL Food, Indiana Packers Corporation, Dietz & Watson, Smithfield Farmland Corp., Transhumance Holding , Triumph Foods, Sam Kane Beef Processors, Rosen’s Diversified, American Foods Group, The Smithfield Packing Company Incorporated, Plumrose USA, Cargill Meat Solutions Corp, Buckhead Beef Company, Emmpak Foods, Nebraska Beef, American Beef Packers, Jbs Usa, Pinnacle Foods, Tyson Fresh Meats, Green Bay Dressed Beef, Jbs USA Holdings, Half Moon Deer Processing
Why buy “U.S. Beef, Veal, Lamb And Mutton Market. Analysis And Forecast to 2020”?
- Get the full picture of the market
- Assess future market prospects
- Identify key success factors affecting the market
- Adjust your marketing strategy
- Ready your business for future trends
3 easy ways to order
- Follow the link below to review a free sample or to buy the report: http://www.indexbox.co.uk/store/us-beef-veal-lamb-and-mutton-market-analysis-and-forecast-to-2020/
- Call us +44 20 3239 3063 to discuss your information needs and for special discounts on multi-report orders
- Email your order to firstname.lastname@example.org
Price: 1490 EUR for Single License
TABLE OF CONTENTS:
1.1 REPORT DESCRIPTION
1.2 REPORT STRUCTURE
1.3 RESEARCH METHODOLOGY
2. EXECUTIVE SUMMARY
2.1 KEY FINDINGS
2.2 MARKET TRENDS
3. MARKET OVERVIEW
3.1 MARKET VALUE
3.2 TRADE BALANCE
3.3 MARKET OPPORTUNITIES
3.4 MARKET FORECAST TO 2020
4. DOMESTIC PRODUCTION
4.1 PRODUCTION IN 2008-2015
4.2 PRODUCTION BY TYPE
4.3 PRODUCTION BY STATE
4.4 PRODUCER PRICES
5.1 IMPORTS IN 2007-2015
5.2 IMPORTS BY TYPE
5.3 IMPORTS BY COUNTRY
5.4 IMPORT PRICES BY COUNTRY
6.1 EXPORTS IN 2007-2015
6.2 EXPORTS BY TYPE
6.3 EXPORTS BY COUNTRY
6.4 EXPORT PRICES BY COUNTRY
7. COMPETITIVE LANDSCAPE
7.1 INDUSTRY SNAPSHOTS
7.2 INDUSTRY LIFE CYCLE
7.3 BUSINESS LOCATIONS
7.5 ANNUAL PAYROLL
7.6 INDUSTRY PRODUCTIVITY
7.7 ESTABLISHMENT SIZE AND LEGAL FORM
8. COMPANY PROFILES