Processed meat, and especially processed poultry, has gone through a commodification process recently, something that was made very clear in terms of many of the leaders experiencing low profit margins even after raising prices. It is private label pricing that has pushed the category from a trend of premiumisation to commodification.
One of the most-asked questions in early 2023 was, “are we seeing the demise of plant-based meat?” While the niche category of meat and seafood substitutes is no longer growing as it did during the pre-pandemic and early pandemic years, it is still very much alive. Like many other niches, as it expands, it is experiencing its first steps to maturity.
In October 2023, student loan payments recommenced in the US, as well as the associated monthly interest. For many consumers, this added economic weight will impact their ability to spend their funds as they wish.
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Understand the latest market trends and future growth opportunities for the Processed Meat, Seafood and Alternatives to Meat industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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Processed Meat, Seafood and Alternatives to Meat
This is the aggregation of processed meat, processed seafood and meat and seafood substitutes.
See All of Our DefinitionsThis report originates from Passport, our Processed Meat, Seafood and Alternatives to Meat research and analysis database.
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