Industry Analysis & Industry Trends
Over the past five years, downstream demand for beef and pork decreased due to the recession's lingering effects. Instead of buying fresh red meat included in this industry's product offerings, some consumers switched to meat products outside this industry's scope. However, the industry is projected to experience revenue growth over the five years to 2021 as the economy strengthens. Per capita disposable income is projected to increase as employment levels recuperate and consumers regain confidence in the economy. As a result, Americans will slowly increase spending and consumption, subsequently increasing demand for pork and beef throughout downstream markets... purchase to read more
Industry Report - Industry Products Chapter
Beef makes up the largest segment, accounting for 34.2% of revenue. The United States is the world's largest beef producer and beef is the second most-consumed meat per capita in the country. US expenditure on beef is higher than expenditure for any other meat, except chicken. However, per capita beef consumption has declined during the past five years, as health problems such as heart disease and cancers have been linked with excessive beef consumption. Consequently, this segment's share of revenue declined during the past five years.
Pork is expected to account for 19.9% of revenue. Rising pork production has increased the sales of pork products during the past five years... purchase to read more