State of the industry: Consumers valuing convenience in the US

Published 2024년 11월 4일

Tridge summary

The meat industry is facing challenges such as reduced buying power, drought conditions, animal welfare rules, and disease impacting livestock and humans. Drought has led to a decrease in the beef herd, leading to lower production and increased losses for beef processors. There is also a shift towards value products and sustainability due to consumer concerns. The industry is also dealing with the impact of the COVID-19 pandemic on the restaurant industry and the growth of virtual kitchens and ghost restaurants. Doordash dominates the US food delivery sales market, with other companies like Uber Eats and Grubhub also competing. Meanwhile, foodservice sales are expected to rise by 5.4% this year, reaching over $1.1 trillion.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

State of the Industry Articles: Just like every year, the meat industry faces a series of challenges. Knowing the professionals in this business we will overcome these obstacles to continue to service our consumer base with superior quality products. Consumers are challenged because of the reduction in buying power. Due to drought conditions of 2022, cattle farmers dramatically reduced their beef herd to a level not seen since 1951. With Proposition 12 and similar bills going into effect in other states we are feeling the constraints of animal welfare and animal confinement rules that make it more difficult to have universal practices throughout the 50 states. With HPAI impacting poultry, livestock and humans, this situation continues to evolve. The restaurant industry has rebounded and accounts for more than 50% of food dollars spent. Consumers are increasingly concerned about health and well-being, focusing on healthier ingredients and options. The fear of climate change is ...

Source: Provisioner