2024 Top 100 Meat and Poultry Processors: Navigating High Prices and Consumer Shifts
June 3, 2024
2024 Top 100 Meat and Poultry Processors: Navigating High Prices and Consumer Shifts
June 3, 2024Opening image credit: GettyImages / ecobo / Creatas Video / Getty Images Plus
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Although retail food price inflation has cooled a bit after three years of steady increases, food prices remain elevated compared with even just a couple of years prior. That pricing reality is evident in 2024’s Top 100 Meat and Poultry Processors, with the general trend of companies’ revenues being up from 2023, some significantly.
Consumers’ ongoing concern regarding their grocery bills is being overshadowed by accelerated foodservice inflation, and the trend of consumers embracing at-home meal occasions continues to drive product development and promotional efforts.
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Much as consumers are looking for a deal and embracing value where they find it, food marketers are taking a similar tack. Beef supplies remain tight and prices elevated, which in turn has created opportunities for pork and chicken. Similarly, private-label products continue benefiting from consumers looking for a more affordable analog to their usual go-to national brands.
In other words, despite higher prices and consumer apprehension about the overall economic outlook and their personal financial situations, people still gotta eat and meat and poultry products definitely remain on the menu.
2024 Meat and Poultry Top 100 Preview
| Rank | Company | Net Sales (Millions) |
No. of Plants |
No. of Employees |
Operations |
|---|---|---|---|---|---|
| 1 2023: 1 |
Cargill Meat Solutions Corp.
Wichita, Kan. Brian Sikes, President/CEO |
177,000 | 40 | 160,000 | Beef Slaughter, Boxed Beef, Beef Further Processing, Ground Beef, Fresh Pork, Fresh Sausage, Cured Sausage, Ham, Deli Meat, Bacon, Poultry Slaughter, Poultry Further Processing, Plant-Based Protein, Case-Ready, Private Labeling |
| 2 2023: 2 |
Sysco Corp. Houston, Texas Kevin Hourican, President/CEO |
76,325 | 125 | 71,000 | Boxed Beef, Beef Further Processing, Ground Beef, Fresh Pork, Fresh Sausage, Cured Sausage, Ham, Deli Meat, Bacon, Poultry Further Processing, Veal, Lamb, Game, Private Labeling |
| 3 2023: 4 |
JBS USA Greeley, Colo. Wesley Batista Filho, CEO |
72,900 | 85 | 78,000 | Beef Slaughter, Boxed Beef, Beef Further Processing, Ground Beef, Pork Slaughter, Fresh Pork, Fresh Sausage, Cured Sausage, Ham, Deli Meat, Bacon, Poultry Slaughter, Poultry Further Processing, Lamb, Prepared Foods, Plant-Based Protein, Case-Ready, Private Labeling, Natural/Organic |
| 4 2023: 3 |
Tyson Foods Inc. Springdale, Ark. Donnie King, President/CEO |
52,940 | 150 | 139,000 | Beef Slaughter, Boxed Beef, Beef Further Processing, Ground Beef, Pork Slaughter, Fresh Pork, Fresh Sausage, Cured Sausage, Ham, Deli Meat, Bacon, Poultry Slaughter, Poultry Further Processing, Prepared Foods, Plant-Based Protein, Case-Ready, Private Labeling, Natural/Organic, |
| 5 2023: 5 |
Smithfield Foods Inc. Shane Smith, President/CEO Smithfield, Va. |
18,000 | 67 | 54,000 | Pork Slaughter, Fresh Pork, Fresh Sausage, Cured Sausage, Ham, Poultry Further Processing, Deli Meat, Bacon, Poultry Slaughter, Prepared Foods, Meat Snacks, Case-Ready, Private Labeling |
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