Overview

Cash cow: Declining meat prices will temporarily cause industry revenue to fall

IBISWorld’s Meat, Beef & Poultry Processing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

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 reverse and increase in the next five years

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    Industry Analysis & Industry Trends

    While per capita meat consumption is expected to remain stagnant in the five years to 2016, economic woes before this period exacerbated consumption declines. In addition to broad trends related to consumer preferences and disposable income, disease outbreaks have limited industry growth in specific years. Due to recovering consumer sentiment, population growth and strong export demand, meat-processing revenue is forecast to increase over the five years to 2021. Despite the stability of consumer demand for meat-based products, unpredictable weather conditions and disease outbreaks can cause volatility year to year. To combat this, operators will continue to vertically integrate, guaranteeing their supply...

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    Industry Report - Industry Key Buyers Chapter

    The Meat, Beef and Poultry Processing industry has a medium concentration of ownership. The four largest companies in this industry are estimated to account for 37.0% of the domestic market. Acquisitions by larger industry operators have increased concentration even further over the past five years. This trend is projected to continue due to profitability pressures in many major firms, as key players concentrate on core business development to achieve optimal economies of scale. Most of the larger operators within this industry produce more than one type of meat product, and many are expanding their product range. Tyson and Smithfield, the leading processors of chicken and pork (respectively), recently acquired beef and turkey processing plants (respectively). Man..

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    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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 firms
  • Other
  • Chart: Major Market Segmentation for the Meat, Beef & Poultry Processing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Meat, Beef & Poultry Processing

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Major Companies
    Tyson Foods Inc.JBS SASmithfield 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

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Meat, Beef & Poultry Processing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Per Capita Meat Consumption (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    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.
  • Why buy this report?

    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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