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

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

  • July 2017
  • 38 pages
  • ID: 198394

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Wild hogs: Recovering consumer sentiment and exports are expected to increase industry revenue

Abstract

Meat, Beef & Poultry Processing in the US

The Meat, Beef and Poultry Processing industry is expected to grow slightly over the five years to 2017. While per capita meat consumption is expected grow slightly over the five years to 2017, economic woes before the current period exacerbated consumption declines. Consumers scaled back the quality and quantity of their meat purchases early in the period. Despite these detriments, meat remains a staple product; greater economic issues largely do not affect overall meat sales. Recovering consumer sentiment, population growth and strong export demand are expected to push meat-processing revenue upward over the five years to 2022.

However, fluctuating meat prices during the outlook period are expected constrain revenue growth.

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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