Industry Analysis & Industry Trends
During the past five years, downstream demand for beef and pork decreased due to the recession, which caused revenue to significantly decline that year. 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 during the five years to 2018, as the economy undergoes expected recovery. 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 61.6% of revenue in 2013. The United States is the world's largest beef producer, and beef is the second most-consumed meat per capita. Except for chicken, US expenditure on beef is higher than expenditures for any other meat. However, per capita beef consumption has declined during the past five years as the media linked health problems such as heart disease with excessive beef consumption. Consequently, this segment's share of revenue declined during the past five years.
Pork is expected to account for 17.7% of revenue in 2013. Rising pork production relative to beef products has increased sales from pork products during the past five years... purchase to read more