Cash cow: The industry will benefit from increased personal income and heightened demand for ethical meat processing practices

Although the Meat, Beef and Poultry Processing industry in New York has been plagued by stigma derived from the dangers of slaughtering and meatpacking occupations, a growing awareness of animal welfare has supported technological innovation in the industry. Specifically, industry operators have increasingly adopting machines to help improve the safety and efficiency of meat processing. Moreover, the increasing consumption of meat per capita has maintained demand for industry services over the past five years. As a result, industry revenue has trended upward over the five years to 2017. Over the five years to 2022, industry revenue is forecast to advance further. A...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
1.0%
Forecast Growth 17-22
Profit
Employment
3,561
Businesses
251

Industry Threats & Opportunities

  • Mounting concern for the health risks associated with red meat consumption have introduced challenges to the industry
  • Although red meat consumption has weakened, consumers have increasingly turned to higher-quality and organic meat cuts
  • New Yorkers will maintain their appetite for steaks and burgers amid growing health concerns regarding red meat consumption
  • Industry Report - Industry Investment Chapter

    The Meat, Beef and Poultry Processing industry in New York has a moderate level of capital intensity. In 2017, for every dollar spent on wages, the average industry operator will invest an estimated $0.18 in capital equipment. The processing of meats into higher value-added food products requires significant investment in modern plants and equipment. Still, although most meat processing activities are highly automated, manual labor and attention to detail are critical in this industry.Capital intensity is rising due to the ongoing move toward automation. According to the Bureau of Labor Statistics, meatpacking is the most dangerous occupation in the United States, which results in one of the highest turnover rates. Between 75.0% and 100.0% o...purchase to read more.

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

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Meat, Beef & Poultry Processing in New York 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 Per Capita Disposable Income in New York and Northeast Region Consumer Price Index in the Meat, Beef & Poultry Processing in New York industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

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

    Operators in this industry slaughter animals, process the carcasses and package the meat into products and by-products in New York. 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
  • Processed meats
  • Slaughtered animal products (except poultry)
  • Poultry
  • 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
  • Per Capita Disposable Income in New York
  • Northeast Region Consumer Price Index
  • Per capita meat consumption
  • Healthy eating index

  • Current Performance
  • Health concerns eating into demand
  • Rising capital intensity
  • Chart: Revenue Growth

  • Industry Outlook
  • Expensive taste
  • Export markets
  • Table: Meat, Beef & Poultry Processing in New York Industry Revenue Outlook

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

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

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

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Adirondack Meat Company Inc., AVA Companies, Finger Lakes Meat Processing, Larry’s Custom Meats, Malafy’s Meat Processing LLC,
  • Table: Adirondack Meat Company Inc. - financial performance
  • Table: AVA Companies - financial performance
  • Table: Finger Lakes Meat Processing - financial performance
  • Table: Larry’s Custom Meats - financial performance
  • Table: Malafy’s Meat Processing LLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Meat, Beef & Poultry Processing in New York 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 New York 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
    Bovine Spongiform Encephalopathy
  • More commonly known as mad cow disease, a degeneration of the brain and spinal cord in cattle.
  • Carcass
  • The trunk of an animal, such as a pig, cow or sheep, that is cut up as meat.
  • Carcinogen
  • A substance capable of causing cancer.
  • Just-In-Time
  • A manufacturing system in which materials are delivered immediately before they are needed to cut inventory costs.
  • Mutton
  • The meat of sheep, especially a mature sheep, for use as food.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Meat, Beef & Poultry Processing in New York 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
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Meat, Beef & Poultry Processing in New York:
    • 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 New York 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 New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear