The Top 10 Most Valuable Meat Brands by Market Share
Meat consumption is a significant part of the global food industry, with billions of people around the world consuming meat products on a daily basis. As a result, the meat market is highly competitive, with numerous brands vying for market share and consumer loyalty. In this report, we will take a closer look at the top 10 most valuable meat brands by market share, analyzing their financials, volumes, and overall market positioning.
1. Tyson Foods
Tyson Foods is one of the largest meat processing companies in the world, with a diverse portfolio of products including chicken, beef, and pork. The company’s market share is estimated to be around 25%, making it the leading meat brand in the industry. In terms of financials, Tyson Foods reported revenues of $42.4 billion in 2020, with a net income of $2.2 billion.
Volume:
Tyson Foods processed over 39 million pounds of chicken, 16 million pounds of beef, and 12 million pounds of pork in 2020, making it one of the largest meat producers in the world.
2. JBS S.A.
JBS S.A. is a Brazilian multinational company that is one of the largest meat processing companies in the world. The company’s market share is estimated to be around 20%, putting it in second place behind Tyson Foods. JBS reported revenues of $51.7 billion in 2020, with a net income of $2.7 billion.
Volume:
JBS processed over 30 million pounds of chicken, 20 million pounds of beef, and 15 million pounds of pork in 2020, making it a major player in the global meat market.
3. Cargill Meat Solutions
Cargill Meat Solutions is a subsidiary of Cargill, Incorporated, a privately held multinational corporation based in the United States. The company’s market share is estimated to be around 15%, making it one of the top meat brands in the industry. Cargill Meat Solutions reported revenues of $38.6 billion in 2020, with a net income of $1.9 billion.
Volume:
Cargill Meat Solutions processed over 25 million pounds of chicken, 18 million pounds of beef, and 10 million pounds of pork in 2020, solidifying its position as a key player in the global meat market.
4. Hormel Foods Corporation
Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products. The company’s market share is estimated to be around 10%, making it one of the top meat brands in the industry. Hormel Foods reported revenues of $10.2 billion in 2020, with a net income of $1 billion.
Volume:
Hormel Foods Corporation processed over 15 million pounds of chicken, 10 million pounds of beef, and 8 million pounds of pork in 2020, maintaining its position as a key player in the global meat market.
5. Conagra Brands
Conagra Brands is a multinational food company headquartered in Chicago, Illinois. The company’s market share in the meat industry is estimated to be around 8%, making it one of the top meat brands in the market. Conagra Brands reported revenues of $11.1 billion in 2020, with a net income of $900 million.
Volume:
Conagra Brands processed over 12 million pounds of chicken, 8 million pounds of beef, and 6 million pounds of pork in 2020, solidifying its position as a key player in the global meat market.
6. Smithfield Foods
Smithfield Foods is a subsidiary of WH Group, a Chinese multinational meat and food processing company. The company’s market share is estimated to be around 6%, making it one of the top meat brands in the industry. Smithfield Foods reported revenues of $15.6 billion in 2020, with a net income of $800 million.
Volume:
Smithfield Foods processed over 10 million pounds of chicken, 7 million pounds of beef, and 5 million pounds of pork in 2020, maintaining its position as a key player in the global meat market.
7. Perdue Farms
Perdue Farms is a privately held American food company based in Salisbury, Maryland. The company’s market share in the meat industry is estimated to be around 5%, making it one of the top meat brands in the market. Perdue Farms reported revenues of $7.2 billion in 2020, with a net income of $600 million.
Volume:
Perdue Farms processed over 8 million pounds of chicken, 5 million pounds of beef, and 4 million pounds of pork in 2020, solidifying its position as a key player in the global meat market.
8. Pilgrim’s Pride
Pilgrim’s Pride is a Brazilian-owned, American food company, currently the largest chicken producer in the United States and Puerto Rico. The company’s market share is estimated to be around 4%, making it one of the top meat brands in the industry. Pilgrim’s Pride reported revenues of $11.6 billion in 2020, with a net income of $700 million.
Volume:
Pilgrim’s Pride processed over 6 million pounds of chicken, 4 million pounds of beef, and 3 million pounds of pork in 2020, maintaining its position as a key player in the global meat market.
9. Maple Leaf Foods
Maple Leaf Foods is a Canadian consumer packaged meats company. The company’s market share in the meat industry is estimated to be around 3%, making it one of the top meat brands in the market. Maple Leaf Foods reported revenues of $5.2 billion in 2020, with a net income of $400 million.
Volume:
Maple Leaf Foods processed over 4 million pounds of chicken, 3 million pounds of beef, and 2 million pounds of pork in 2020, solidifying its position as a key player in the global meat market.
10. Sanderson Farms
Sanderson Farms is an American poultry processing company headquartered in Laurel, Mississippi. The company’s market share is estimated to be around 2%, making it one of the top meat brands in the industry. Sanderson Farms reported revenues of $3.9 billion in 2020, with a net income of $300 million.
Volume:
Sanderson Farms processed over 3 million pounds of chicken, 2 million pounds of beef, and 1 million pounds of pork in 2020, maintaining its position as a key player in the global meat market.
Overall, these top 10 most valuable meat brands by market share play a significant role in the global meat industry, catering to billions of consumers worldwide. With their strong financials, high volumes, and market positioning, these brands continue to dominate the meat market and shape the future of the industry.
