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 Locations Chapter
A wholesaler's main objective is to locate close to downstream markets. The number of retail and foodservice businesses in an area correlates directly with its population, accordingly, industry establishments are mostly concentrated in major metropolitan areas. Due to the high cost of transportation and short shelf life of meat products, processing facilities tend to serve a regional clientele. Large national meat companies usually establish strategically located processing facilities in different geographic regions. This industry's most concentrated regions by number of establishments are the Mid-Atlantic and West regions.
The Mid-Atlantic region accounts for an estimated 27.6% of all locations and an estimated 15.4% of the US population... purchase to read more