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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 | Nov 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 Key Buyers Chapter

The Meat, Beef and Poultry Processing industry has a medium concentration of ownership. The four largest companies in this industry are estimated to account for just over one-third of the domestic market. Acquisitions by larger industry operators have increased concentration even further during the past five years. This trend is projected to continue due to profitability pressures in many major firms, as key players concentrate on core business development to achieve optimal economies of scale. Most of the larger operators within this industry produce more than one type of meat product, and many are expanding their product range. Tyson and Smithfield, the leading processors of chicken and pork (respectively), recently acquired beef and turkey processing plants (respectively)... 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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