FoodMeat sales surge, led by fresh beef

Meat sales surge, led by fresh beef

-

spot_img


This audio is auto-generated. Please let us know if you have feedback.

Dive Brief:

  • Meat sales were up by more than 5% in September compared with the same month in 2023, to $7.9 billion, according to Circana data released Oct. 15 by 210 Analytics.
  • Fresh beef sales led the way, coming in nearly 11% ahead of their level a year ago.
  • Meat department growth slowed in September but remains well above its pace earlier in the year.

Dive Insight:

Meat sales are being helped along by robust everyday and holiday demand for animal protein from shoppers more focused on eating at home than they were in the past, 210 Analytics’ report indicated.

Fresh meat sales soared 8% in September to reach $5.6 billion, and the volume consumers purchased rose by more than 4%.

Fresh beef sales — which accounted for more than half of fresh meat sales in September — were especially high during the month, passing the $3 billion mark. Fresh pork also had a strong month, with sales rising more than 5% to about $660 million, while fresh turkey sales rose by a similar percentage, to about $200 million.

Fresh lamb saw the biggest volume jump, up by just under 11% compared with September 2023.

Meat sales are on the rise

Meat sales have strengthened on a year-over-year basis in recent months in terms of both dollars and pounds

While fresh meat sales took off in September, sales of processed meat products were flat during the month on a year-over-year basis, although the volume of products sold ticked up by about 1%.

Packaged lunch meat, which accounted for about a quarter of all processed meat sales last month, posted the weakest results among the types of meat Circana tracks, with sales and volume both down by 3%. On the upside, bacon, dinner sausage and processed chicken all posted gains, with growth in the volume of processed chicken sold surpassing 13%.

Ground beef sales were another hotspot for the meat sector, with sales shooting up nearly 10%, to $1.2 billion. But ground lamb sales fell by more than 15%, to $3.5 million. and the volume of that product shoppers bought was off by a quarter.

The meat department’s strong performance in September reflected especially robust sales during the first week of the month attributable to Labor Day, 210 Analytics noted. Year-to-date sales for the category reached $76.8 billion in September, up 4.4% compared with the same period in 2023, while volume rose 2.1%.



Source link

Latest news

Alexander Wang Resort 2025 Collection

On his brand Instagram account, Alexander Wang is offering Wangovers to tourists and locals he meets in the...

One in five ex-smokers currently vape in England

About one in five people who...

Russia fires intercontinental ballistic missile at Ukraine for first time, Kyiv says

Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest -- delivered directly to...

Dsm-Firmenich Exits Robertet Amid Restructuring of Shareholder Base

PARIS – Dsm-Firmenich, the Swiss fragrance and flavors supplier, said it sold its remaining 1 percent stake in French...
spot_img

‘The land is tearing itself apart’: life on a collapsing Arctic isle | Arctic

Last summer, the western Arctic was uncomfortably hot. Smoke from Canada’s wildfires hung thick in the air, and...

Has Fashion’s Convergence With Sports Gone Too Far?

In just the past few days, Jerry Lorenzo’s Fear of God Essentials label announced a partnership with the...

Must read

Alexander Wang Resort 2025 Collection

On his brand Instagram account, Alexander Wang is...
spot_img

You might also likeRELATED
Recommended to you