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 2018. 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 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, but their collective share has fallen during the past five years. Studies linking red meat consumption with increased risks of several diseases has raised nutritional awareness among consumers. As a result, consumers have started choosing white meats instead of beef and pork. Second, beef and pork have been losing a pricing battle with poultry substitutes. High feed prices at the farm level have flowed through to make beef and pork, which require a large amount of feed per pound, more expensive than poultry, which requires less feed... purchase to read more