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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 | Mar 2016

Cash cow: Higher meat prices will keep industry revenue stable in volatile conditions

IBISWorld’s Meat, Beef & Poultry Processing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$235bn
Annual Growth 11-16
2.3%
Annual Growth 16-21
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Profit
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Employment
492,288
Businesses
5,831
Industry Analysis & Industry Trends

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 preference and disposable income, disease outbreaks have limited industry growth during specific years. Due to recovering consumer sentiment, population growth and strong export demand, meat-processing revenue is forecast to increase during the five years to 2021. Despite the stability of consumer demand for meat-based products, unpredictable weather conditions and disease outbreaks can cause volatility from year to year. To combat such volatility, operators will continue to vertically integrate, guaranteeing their supply.



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Industry Report - Industry SWOT Analysis Chapter

During the 10 years to 2021, the industry's contribution to the economy, measured by industry value added, is forecast to rise an annualized 1.5%. Meanwhile, domestic GDP is forecast to grow at an annualized rate of 2.3%. 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 to 10 years, and the number of enterprises is expected to grow more slowly than revenue in the 10 years to 2021... 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 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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