Meat Products Manufacturers NAICS 3116
Unlock access to the full platform with more than 900 industry reports and local economic insights.
Get access to this Industry Profile including 18+ chapters and more than 50 pages of industry research.
Industry Summary
The 3,700 meat manufacturing facilities in the US slaughter, process, and package meat protein products; principally beef, pork, and poultry. Meat manufacturing operations are comprised of three main processes: animal slaughtering, meat processing and packing, and rendering non-edible waste into useable byproducts. Larger manufacturers may engage in all of these activities, while smaller manufacturers may have much more limited or specialized operations.
Increasing Regulation
Meat product manufacturers are subject to extensive federal, state, and local laws and regulations by authorities that oversee slaughtering and processing, packaging, storage, distribution, advertising, labeling, food safety standards, and export of meat products.
Growth In Demand For Healthier Meats
Health-conscious consumers are increasingly demanding meats from animals raised without antibiotics or hormones and those fed specialized organic feed.
Recent Developments
Dec 23, 2025 - Meat Processors Facing Federal Scrutiny
- President Trump has ordered a federal investigation into possible price fixing and anti-competitive behavior across US food supply chains, with a specific focus on foreign‑owned companies in sectors that include meat processing, Food Dive reports. For meat producers, this move brings both risk and opportunity. The investigation increases the likelihood of heightened antitrust scrutiny of large packers, especially multinational firms, potentially leading to enforcement actions, new regulations, or even criminal proceedings if collusion is discovered. The investigation could reshape pricing dynamics, contracting practices, and market power in the meat products sector. For independent and domestic producers, the probe could result in a more level playing field, particularly if regulators curb practices that have historically concentrated market power among a few dominant processors. Broadly speaking, the investigation signals a regulatory environment where meat pricing, procurement, and processor relationships face greater scrutiny.
- Aging food processing infrastructure – some dating back more than half a century – poses risks for food manufacturers, especially producers of perishable products that must move swiftly through the system to preserve freshness and quality, Food Processing (FP) reports. Older equipment is more likely to break down, interrupting production and potentially leading to product loss and unexpected replacement costs. Moreover, prolonged downtime or product loss due to breakdowns can ripple through the supply chain. An incident at a poultry plant affected feed suppliers, transportation networks, as well as downstream distributors and retailers, FP gave as an example. The Boar’s Head deli meat plant in Jarrett, Virginia that was the source of a listeria outbreak that killed nine people, sickened dozens, and caused significant reputational damage to the company was 44 years old when it was shut down in 2024.
- Meat and poultry processors are feeling the impact of the freezing of federal grants by the Trump administration, according to the American Association of Meat Processors (AAMP). Companies that were awarded grants in 2023-24 but not yet received the funds are finding themselves in the middle of expansions and equipment purchases without a way to move forward. The AAMP cites the case of New Hampshire’s Granite State Packing, which was awarded $1.6 million from the USDA under the Local MCAP (Local Meat Capacity) Grant to support independently-owned meat and poultry processing businesses. According to the company, it started construction and ordered more than $600,000 worth of new equipment before learning that grant funds were on hold until further notice. Granite State Packing isn’t alone. Many small and independent producers and farmers have had USDA funding they were counting on frozen by the Trump administration.
- Producer prices for animal slaughtering and processing firms jumped 15.7% in September compared to a year ago, after rising 1.7% in the previous September-versus-September annual comparison, according to the latest US Bureau of Labor Statistics data. Industry producer prices, which hit yet another record high in September, have been rising steeply since March. At the retail level, meat prices rose 8.5% year over year and 1.6% versus the previous month, per the Labor Department’s September 2025 Consumer Price Index. Industry employment was flat in August year over year, while the average industry wage rose 1.1% over the same period to $22.38 per hour, down $0.30 from its peak in January, BLS data show.
Industry Revenue
Meat Products Manufacturers
Industry Structure
Industry size & Structure
The average meat products manufacturer employs 188 workers and generates $101 million in annual revenue.
- There are 3,700 federally inspected meat and poultry slaughtering and processing plants in the US, employing about 556,400 people and generating annual revenue of $299.5 billion.
- In beef and pork processing, the top 8 companies, including Cargill, Tyson Foods, JBS, and Smithfield Foods, control 79% of revenue.
- In poultry processing, the top 8 companies, including Pilgrim's Pride, Tyson Foods, Perdue, Sanderson Farms, and Koch Foods, control 55% of revenue.
- The US is the world's largest producer of poultry meat, representing 17% of world production.
- One of the largest slaughterhouses in the world is operated by the Smithfield Packing Company in Tar Heel, North Carolina, and can butcher about 35,000 hogs a day.
- The top livestock and poultry slaughtering US states are: Cattle - Nebraska, Kansas, and Texas; Hogs and pigs - Iowa, Minnesota, and North Carolina; Chicken - Georgia, Arkansas, and Alabama; and Turkey - Minnesota, North Carolina, and Arkansas.
Industry Forecast
Industry Forecast
Meat Products Manufacturers Industry Growth
Vertical IQ Industry Report
For anyone actively digging deeper into a specific industry.
50+ pages of timely industry insights
18+ chapters
PDF delivered to your inbox
