Industry Analysis & Industry Trends
For decades, Americans' love of steaks and burgers maintained beef as the most consumed meat in the United States. However, in recent years, consumption of beef has declined due to the health risks associated with red meat. In the coming years, this trend is set to continue, as consumers purchase more lean, white meats, which will stifle growth in industry revenue... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The longevity of beef products and their respective place in American culture maintain the Beef Cattle Production industry in a mature stage of its life cycle. IBISWorld expects the industry's value added (IVA) to grow at an average 2.9% per year during the ten years to 2020; meanwhile, US GDP is forecast to grow at an average 2.5% per year. Profit gains from the lows of the past five years are expected to contribute to this strong IVA growth rate.
The production of bulls and cows to breed heifers and steers for slaughtering purposes has remained largely unchanged for centuries... purchase to read more