Full boar: Income growth and new product lines will bolster revenue

The Meat, Beef and Poultry Processing industry in Florida is expected to post modest growth over the five years to 2017. Industry operators are often subject to volatility relating to adverse weather conditions and potential disease outbreak. Additionally, due to volatile movements in animal feed prices, industry operators must engage in long term supply contracts to hedge against input price volatility, which can make or break any given operator's margins in a specific year. Over the five years to 2022, industry revenue is anticipated to maintain its speed. Industry growth is anticipated to be supported by stable demand from downstream operators, including wholesalers, meat markets, supermarkets and grocery stores...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
0.7%
Forecast Growth 17-22
Profit
Employment
4,100
Businesses
158

Industry Threats & Opportunities

  • Depressed prices have slowed the growth of industry revenue, though increasing meat consumption has facilitated higher sales
  • In contrast to the national trend, industry activity has accelerated in Florida
  • Current forecasts expect the price of feed crops to increase slightly over the next five years
  • Industry Report - Industry Analysis Chapter

    Operators in the Meat, Beef and Poultry Processing industry in Florida slaughter animals, process the carcasses and package the meat into products and byproducts. The industry also purifies and refines animal fat, bones and meat scraps. Products are sold to other food manufacturers, renderers, grocery and meat wholesalers and retail traders.Though industry revenue grew an annualized 0.7% over the five years to 2017, operators have been subject to high volatility in carcass input prices, primarily caused by large fluctuations in the price of animal feed. Typically, cost increases can be passed on to customers in the form of higher prices; however, this can limit demand and weaken profit margins if high prices are sustained for extended periods of time. Ove...purchase to read more.

    Additional Insights for the Meat, Beef & Poultry Processing in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Meat, Beef & Poultry Processing in Florida Industry are

  • Supply contracts in place for key inputs
  • Vertical integration
  • Production of goods currently favored by the market
  • IBISWorld analysts also discuss how external factors such as Price of feed and Per capita disposable income in Florida in the Meat, Beef & Poultry Processing in Florida industry impact industry performance..

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    What's in this report

    What is the Meat, Beef & Poultry Processing in Florida Industry?

    Operators in this industry slaughter animals, process the carcasses and package the meat into products and by-products. The industry also purifies and refines animal fat, bones and meat scraps. Products are sold to other food manufacturers, renderers, grocery and meat wholesalers and retail traders. Establishments that mainly cut and pack meats from purchased carcasses are also included in this industry.

    Industry Products
  • Animal (except poultry) slaughtering
  • Meat processing
  • Rendering and meat byproduct processing
  • Poultry processing
  • Industry Activities
  • Slaughtering animals
  • Preparing processed meats and meat by-products
  • Rendering and refining animal fat, bones and meat scraps
  • Cutting and packing meats
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Price of feed
  • Per capita disposable income in Florida
  • Per capita beef consumption
  • Per capita pork consumption
  • Per capita poultry consumption
  • Price of poultry meat
  • Price of red meat

  • Current Performance
  • Meat consumption and demand persist
  • Profit, input costs and consolidation
  • Disease outbreaks and recall
  • Chart: Revenue Growth

  • Industry Outlook
  • Is bigger better?
  • Pests for profit
  • Some cause for concern
  • Table: Meat, Beef & Poultry Processing in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Meat, Beef & Poultry Processing in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Animal Food Production
  • Frozen Food Production
  • Meat, Beef & Poultry Processing
  • Snack Food Production
  • Grocery Wholesaling
  • Egg & Poultry Wholesaling
  • Beef & Pork Wholesaling

  • Key Selling Industries
  • Beef Cattle Production
  • Chicken & Turkey Meat Production
  • Hog & Pig Farming
  • Livestock Ranching & Farming
  • Sheep Farming

  • Products & Services
  • Animal (except poultry) slaughtering
  • Poultry processing
  • Meat processing
  • Rendering and meat byproduct processing
  • Chart: Meat, Beef & Poultry Processing in Florida Industry Products and Services Segmentation

  • Major Markets
  • Wholesalers
  • Other meat processors
  • Food service establishments
  • Chart: Major Market Segmentation for the Meat, Beef & Poultry Processing in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Meat, Beef & Poultry Processing in Florida

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Meat, Beef & Poultry Processing in Florida Industry

  • JBS SA, Cargill Inc., Central Beef Industries LLC, Tyson Foods Inc.,
  • Table: JBS SA - financial performance
  • Table: Cargill Inc. - financial performance
  • Table: Central Beef Industries LLC - financial performance
  • Table: Tyson Foods Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Meat, Beef & Poultry Processing in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Meat, Beef & Poultry Processing in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Meat Consumption (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bird Flu
  • Viruses adapted to birds that emerged in 2006.
  • Mutton
  • The meat of sheep, especially a mature sheep, for use as food.
  • Porcine Epidemic Diarrhea (Ped) Virus
  • A virus that infects the cells lining the small intestine of a pig, causing severe diarrhea. It is particularly fatal to piglets, and it cannot be transmitted to humans.
  • Wholesale Bypass
  • A popular trend within retail and manufacturing industries where producers supply goods directly to stores, eliminating the middleman.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Meat, Beef & Poultry Processing in Florida contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    This report on Meat, Beef & Poultry Processing in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Meat, Beef & Poultry Processing in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Meat, Beef & Poultry Processing in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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