6; Volume of beef export: 1.35 million metric tons in 2018 up from 1.26 metric tons in 2017. Get up to speed on any industry with comprehensive intelligence that is easy to read. ).In economics, the meat industry is a fusion of primary (agriculture) and secondary (industry) activity and hard to characterize strictly in terms of either one alone. The North American Meat Institute estimate that, in total, the meat industry contributes about $894 … The size of meat and diary industry is thus immense. Water utilized to produce 1 pound of meat … Therefore, investors have thus been tempted to take a bite at the “clean meat” industry. Of this total, $969.4 billion was supplied by foodservice facilities. The meat industry in the United States is big business: The vast majority of Americans eat meat, and we eat a lot of it--roughly 200 pounds per person every single year (in animals, that's about 30 chickens, 1 turkey, one-third of a pig, one-tenth of a cow, and dozens of fin fish). 6; Top U.S. The industry is anticipated to grow substantially over the forecast period owing to the increasing demand for meat, poultry & seafood products WASHINGTON – Based on an economic impact study commissioned by the North American Meat Institute (NAMI) the meat and poultry industry contributes $1.02 billion to … The global meat, poultry & seafood market is expected to reach USD 7.3 trillion by 2025, according to a new report by Grand View Research, Inc. The meat industry are the people and companies engaged in modern industrialized livestock agriculture for the production, packing, preservation and marketing of meat (in contrast to dairy products, wool, etc. And early this year a report in The Lancet, a highly regarded medical journal, blamed cattle production for more than half the food industry's greenhouse gas emissions. Most of this water is used to irrigate cattle feedlots. Beef Export Markets (including variety meat) for 2017 The plant-based meat category has the potential to reach market share parity with plant-based milk at a 13-point gain of market share of total retail meat, which is an opportunity worth $12 billion. The meat industry consumes over half of all water used for all purposes in the United States. Value of U.S. beef exports (including variety meat) in 2018: $8.332 billion, up from $7.269 billion in 2017. The market for alternative meat can reach $140 billion over the next decade, according to Barclays analysts. In Europe, Mosa Meat just raised $8.8 million, while U.S.-based Memphis Meats raised $17 million in 2017. The foodservice industry is nearly equal in size to food retailing: The food marketing system, including food service and food retailing, supplied about $1.77 trillion worth of food in 2019. Find industry analysis, statistics, trends, data and forecasts on Meat Processing in the UK from IBISWorld. Figure 7. Banks, consultants, sales & marketing teams, accountants and students all find value in IBISWorld.