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        Meat Product Manufacturing Industry Profile

        Report Page Length: 10-12
        Last Quarterly Update: 10/18/2021
        SIC Codes: 2011, 2013, 2015, 2077
        NAICS Codes: 3116
        Chapters Include:
        Industry Overview Trends & Challenges Industry Forecast
        Quarterly Industry Update Call Prep Questions Website & Media Links
        Business Challenges Financial Information Glossary & Acronyms
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        Excerpt from Meat Product Manufacturing Industry Profile

        Companies in this industry slaughter animals and prepare meat products. Major companies include Hormel Foods and Tyson Foods (both located in the US); as well as BRF and JBS SA (Brazil); CPF (Thailand); Danish Crown (Denmark); NH Foods (Japan); and WH Group (China), whose operations include US-based Smithfield Foods.

        The world total meat production is about 340 million tons in 2020. The world's largest meat exporters in 2020 include the EU, the US, Brazil, Canada, Mexico, and the Russian Federation, according to the 2021 Meat Market Review by the Food and Agriculture Organization of the United Nations (FAO).

        The US meat product manufacturing industry includes about 3,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $215 billion.


        Demand is driven by consumer income and by exports. Because meat is largely a commodity, the profitability of individual companies depends on efficient operations and an effective distribution network. Large companies have big economies of scale in production and distribution. Small companies can compete effectively in a local area or by producing unique products.

        In the US, the slaughtering segment of the industry is concentrated: the 50 largest companies generate more than 75% of segment revenue.

        Imports, primarily from Canada, Australia, and New Zealand, account for about 5% of the US market. Exports, which make up about 10% of US production, go mainly to Mexico, Japan, Canada, and South Korea.

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