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 SWOT Analysis Chapter
During the 10 years to 2019, the industry's contribution to the economy, measured by industry value added, is forecast to grow at an annualized rate of 0.5%. Meanwhile, domestic GDP is forecast to grow at an annualized rate of 2.5%. 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 years, and the number of enterprises is expected to grow more slowly than revenue in the 10 years to 2019... purchase to read more