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 Analysis Chapter
Operators in the Meat, Beef and Poultry Processing 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.
Despite average revenue growth of 3.5% per year expected during the five years to 2014, meat processors have experienced some turbulent times. Increases in feed prices have caused the price of industry inputs (i.e. cattle, hogs and poultry) to rise during the period. Industry operators can partially pass these costs on to consumers, but in most cases, their profit margins also take a hit... purchase to read more