Cash cow: Modest demand growth and increased meat consumption will drive growth

The Meat, Beef and Poultry Processing industry in Illinois is expected to post moderate growth over the five years to 2017. Increasing per capita consumption of meat combined with declines in the prices of red meat and poultry have facilitated higher industry turnover. Additionally, industry revenue growth has been spurred by growing downstream demand. Over the five years to 2022, the industry is anticipated to continue rising with modest growth in downstream demand and increases in per capita meat consumption anticipated to drive growth. Moreover, slight increases in the prices of red meat and poultry are also anticipated to contribute to revenue growth...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Increased consumption of meat and declines in the prices of red meat and poultry have driven revenue growth
  • As consumers generate more funds, they are more likely to increase the quality of the industry products purchased
  • The industry is forecast to shift in favor of larger, more efficient operations
  • Industry Report - Industry Locations Chapter

    ChicagolandChicagoland, which includes the city of Chicago and the surrounding counties and suburbs such as Cook County, is home to an estimated 47.8% of industry establishments, 58.8% of Illinois' population and 78.7% of the state's employment. Historically, Chicago has been the meat processing capital of the country, and demand for industry products in Chicagoland is supported by the high population density. Moreover, Chicago is a major freight rail interchange that experiences about one-quarter of total annual freight rail traffic.Rockford, Northern IllinoisNorthern Illinois is home to an estimated 16.4% of industry establishments and 16.6% of statewide employment. Additionally, the region's 13.2% s...purchase to read more.

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

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Meat, Beef & Poultry Processing in Illinois 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 Illinois in the Meat, Beef & Poultry Processing in Illinois industry impact industry performance..

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    What's in this report

    What is the Meat, Beef & Poultry Processing in Illinois 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
  • Slaughtered animal products (excluding poultry)
  • Poultry
  • Processed meats
  • Meat by-products
  • 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 Illinois
  • 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 and input costs
  • Disease outbreaks stall progress
  • Chart: Revenue Growth

  • Industry Outlook
  • Bigger is better
  • Growing demand for new meat products
  • Some cause for concern
  • Table: Meat, Beef & Poultry Processing in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Meat, Beef & Poultry Processing in Illinois 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
  • Slaughtered animal products (excluding poultry)
  • Poultry
  • Processed meats
  • Meat by-products
  • Chart: Meat, Beef & Poultry Processing in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Wholesalers
  • Other meat processors and renderers
  • Food service firms
  • Chart: Major Market Segmentation for the Meat, Beef & Poultry Processing in Illinois 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 Illinois

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Meat, Beef & Poultry Processing in Illinois Industry

  • Tyson Foods Inc., Calihan Pork Processors Inc., Cargill Inc., JBS SA,
  • Table: Tyson Foods Inc. - financial performance
  • Table: Calihan Pork Processors Inc. - financial performance
  • Table: Cargill Inc. - financial performance
  • Table: JBS SA - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Meat, Beef & Poultry Processing in Illinois 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 Illinois Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (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
  • A viral infection that is transmitted from bird to bird. It 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 Illinois can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Meat, Beef & Poultry Processing in Illinois:
    • 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 Illinois 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 Illinois, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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