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