Published on 19 Apr 2024 on Zacks via Yahoo Finance
3 Meat Food Stocks Hogging in the Limelight on Robust Industry Trends
The Zacks Food – Meat Products industry players have been benefiting from consumers’ growing appetite for protein-rich products stemming from their rising consciousness toward health and wellness. Efforts to make the most of these trends through product diversification, capacity expansion and exploring plant-based meats have been working well. However, several meat companies have been battling hurdles associated with cost inflation, though the trend is moderating. Also, companies remain troubled by challenges in the Beef business. Nonetheless, the abovementioned upsides keep Tyson Foods, Inc. TSN, Hormel Foods Corporation HRL and Pilgrim's Pride Corporation PPC well-positioned for growth.
About the Industry
The Zacks Food – Meat Products industry comprises companies that manufacture, process, market, distribute and sell a wide range of meat products like chicken, pork, beef, prepared food and plant-based meats. Some companies also offer poultry and turkey products, alongside providing nutritional food products and supplements, desserts and drink mixes and industrial gelatin products. Most companies offer their products to retail and foodservice customers, while some cater to deli and commercial operators, including grocery retailers, grocery wholesalers, meat distributors, warehouse club stores, industrial food processing companies, chain restaurants, international export companies, school cafeterias and hospitals, among others. Some products offered include frozen whole chicken, primary pork cuts, salads, sandwiches and meatballs.