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Meat, Beef & Poultry Processing in the US - Industry Market Research Report

  • October 2016
  • -
  • Ibisworld
  • -
  • 38 pages

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Cash cow: Declining meat prices will temporarily cause industry revenue to fall



Abstract

Meat, Beef & Poultry Processing in the US

While per capita meat consumption is expected to remain stagnant in the five years to 2016, economic woes before this period exacerbated consumption declines. In addition to broad trends related to consumer preferences and disposable income, disease outbreaks have limited industry growth in specific years. Due to recovering consumer sentiment, population growth and strong export demand, meat-processing revenue is forecast to increase over the five years to 2021. Despite the stability of consumer demand for meat-based products, unpredictable weather conditions and disease outbreaks can cause volatility year to year. To combat this, operators will continue to vertically integrate, guaranteeing their supply.

Operators in this industry slaughter animals, process the carcasses and package the meat into products and by-products. The industry also purifies and refines animal fat, bones and meat scraps. Products are sold to other food manufacturers, renderers, grocery and meat wholesalers and retail traders. Establishments that mainly cut and pack meats from purchased carcasses are also included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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