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 - Starting a New Business Chapter
This wholesaling industry is highly regulated (see regulation and policy section), and so compliance with federal and state food handling, storage and distribution requirements can be very expensive. Similarly, obtaining licenses can be prohibitive for some potential entrants. Industry operators must also invest in large refrigerated warehouse and delivery facilities capable of keeping perishable meat fresh and safe for consumption. The cost of obtaining these facilities may deter some operators from entering the industry.
The bypass of traditional third-party meat wholesalers presents another large barrier to entering the Beef and Pork Wholesaling industry. Increasingly, meat processors sell directly to retailers, thus cutting out the middlemen of this industry... purchase to read more