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

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Meat, Beef & Poultry Processing Market Research Report | NAICS 31161 | Jul 2014

Beefing up: Meat consumption will remain strong despite volatile industry conditions

IBISWorld’s Meat, Beef & Poultry Processing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$221bn
Annual Growth 09-14
4.3%
Annual Growth 14-19
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Profit
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Employment
494,555
Businesses
5,667
Industry Analysis & Industry Trends

In light of reduced disposable incomes and low sentiment toward the economy in general, consumers scaled back their purchases of high-margin meat products. Still, meat processing is a fairly stable industry and demand is forecast to strengthen in the five years to 2019. However, adverse weather conditions, disease outbreaks and competition from seafood, which the public increasingly views as a more healthful option, may limit future industry growth... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

During the 10 years to 2019, the industry's contribution to the economy, measured by industry value added, is forecast to grow at an annualized rate of 0.5%. Meanwhile, domestic GDP is forecast to grow at an annualized rate of 2.5%. Export sales and the position of meat as a staple in many diets have helped industry growth during the current performance period, but costs resulting from animal diseases have driven prices up and lowered demand for industry products.

Acquisitions have defined industry activity in the past five years, and the number of enterprises is expected to grow more slowly than revenue in the 10 years to 2019... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Meat, Beef & Poultry Processing Industry?

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 (i.e. boxed meats) from purchased carcasses are also included in this industry.

Industry Products
Slaughtered animal products (except poultry)PoultryProcessed meatsMeat by-products
 
Industry Activities
Slaughtering animalsPreparing processed meats and meat by-productsRendering and refining animal fat, bones and meat scrapsCutting and packing meats


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