Wild hogs: Recovering consumer sentiment and exports are expected to increase industry revenue

The Meat, Beef and Poultry Processing industry is expected to grow slightly over the five years to 2017. While per capita meat consumption is expected grow slightly over the five years to 2017, economic woes before the current period exacerbated consumption declines. Consumers scaled back the quality and quantity of their meat purchases early in the period. Despite these detriments, meat remains a staple product; greater economic issues largely do not affect overall meat sales. Recovering consumer sentiment, population growth and strong export demand are expected to push meat-processing revenue upward over the five years to 2022. However, fluctuating meat prices during the outlook period are expected constrain revenue growth...purchase to read more.

Industry Statistics & Market Size
Revenue
$218bn
Annual Growth 12-17
0.2%
Forecast Growth 17-22
Profit
Employment
474,533
Businesses
5,537

Industry Threats & Opportunities

  • The recession hampered revenue growth only slightly, since meat is a staple food
  • Higher corn prices are passed on to livestock farmers in the form of higher feed prices
  • Exports are forecast to change direction, rising over the next five years
  • Industry Report - Industry SWOT Analysis Chapter

    Over the 10 years to 2022, the industry's contribution to the economy, measured by industry value added, is forecast to rise an annualized 2.4%. Meanwhile, domestic GDP is forecast to grow at an annualized rate of 2.1%. The position of meat as a staple in many diets has helped industry growth during the current period.Acquisitions have defined industry activity over the past 10 years, and the number of enterprises is expected to grow more slowly than revenue over the 10 years to 2022. Industry ownership is consolidating, with medium and large companies buying up smaller operations in an attempt to improve economies of scale and cost synergies, increase market presence and improve product range. Unprofitable players are projected to continue leaving the industry...purchase to read more.

    Additional Insights for the Meat, Beef & Poultry Processing Industry

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

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    What's in this report

    What is the Meat, Beef & Poultry Processing 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 (except 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
  • Demand from wholesale trade, nondurable goods
  • Per capita meat consumption
  • Price of poultry meat
  • Price of red meat
  • Trade-weighted index

  • Current Performance
  • Meat consumption and demand persist
  • Profit and input costs
  • Disease outbreaks stall progress
  • Chart: Revenue Growth

  • Industry Outlook
  • Bigger is better
  • Some cause for concern
  • Table: Meat, Beef & Poultry Processing Industry Revenue Outlook

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

  • Demand Determinants
  • Consumer preferences
  • Disease and environmental concerns
  • Seasonality

  • Major Markets
  • Beef and pork wholesalers
  • Poultry wholesalers
  • Other meat processors and renderers
  • Frozen food manufacturers
  • Export markets
  • Animal feed manufacturers
  • Food service companies
  • Other
  • Chart: Major Market Segmentation for the Meat, Beef & Poultry Processing Industry

  • International Trade
    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

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

  • Industry Globalization
    Tyson Foods Inc., JBS SA, Smithfield Foods Inc., Cargill Inc.,
  • Table: Tyson Foods Inc. - financial performance
  • Table: JBS SA - financial performance
  • Table: Smithfield Foods Inc. - financial performance
  • Table: Cargill Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Meat, Beef & Poultry Processing 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 Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (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
    Table: Industry Financial Ratios
    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 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?

    The Meat, Beef & Poultry Processing industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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