Industry Analysis & Industry Trends
Meat markets will continue to struggle, as supermarkets and grocery stores steal market share away from businesses. While demand for meat has risen because of greater per capita consumption, more consumers will turn toward larger grocery stores in order to obtain lower prices and convenience. Meat markets will rely on sales from the high income quintile, as this group of consumers will particularly demand higher-quality meats from industry providers... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Meat Markets industry is declining. Industry value added, a measure of the industry's contribution to the overall economy, is forecast to fall at an annualized rate of 0.1% during the 10 years to 2017. This rate fails to match projected GDP growth of 1.8% forecast for the overall US economy during the same period. As the industry continues to underperform, the number of industry operators will contract as they find it more difficult to compete with external operators like supermarkets and big-box merchants.
Although there is some innovation in meat products, most often in the form of prepared or pre-marinated products, it fails to generate additional demand... purchase to read more