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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 | Jun 2016

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

The Meat, Beef & Poultry Processing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$225bn
Annual Growth 11-16
1.4%
Annual Growth 16-21
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Profit
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Employment
480,178
Businesses
5,664
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 Products Chapter

Slaughtered animal products (except poultry)

Slaughtered animal products (except poultry) include beef, pork, lamb, mutton and other red meats. These meats account for the largest segment of the meat processing industry, and their collective share has risen during the past five years despite decreased consumption of these meat products. Studies linking red meat consumption with increased risks of several diseases have raised nutritional awareness among consumers. As a result, consumers have started choosing white meats instead of beef and pork. Nevertheless, the prices of these products have risen faster than those of poultry products, leading this segment's share of revenue to increase... 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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