Poultry in motion: Industry revenue will grow, then slow as the industry consolidates

The Meat, Beef and Poultry Processing industry in Ohio has performed well over the five years to 2018, despite facing a confluence of conflicting economic factors. Though industry profitability has been aided by an annualized 2.5% decline in the price of both red meat and poultry meat, these declines have served to limit the acceleration of industry revenue. Primarily, industry revenue growth has been spurred on by an annualized 1.1% increase in per capita meat consumption, which has served to increase demand for industry products. Overall, rising demand as a result of increased per capita meat consumption has served to increase industry revenue an annualized 2.7% to reach $5.1 billion, including an expected increase of 0.2% in 2018 alone...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 13-18
2.7%
Forecast Growth 18-23
Profit
Employment
10,540
Businesses
246

Industry Threats & Opportunities

  • Consolidation efforts have been focused on increasing processors’ buying power and increasing operational efficiencies
  • Additional Insights for the Meat, Beef & Poultry Processing in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Meat, Beef & Poultry Processing in Ohio 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 meat consumption and Price of feed in the Meat, Beef & Poultry Processing in Ohio industry impact industry performance..

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    What's in this report

    What is the Meat, Beef & Poultry Processing in Ohio 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
  • Per capita meat consumption
  • Price of feed
  • Per capita disposable income in Ohio
  • Price of poultry meat
  • Price of red meat

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Meat, Beef & Poultry Processing in Ohio 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 in Ohio Industry Products and Services Segmentation

  • Major Markets
  • Wholesale customers
  • Manufacturing customers
  • Retail and food service customers
  • Chart: Major Market Segmentation for the Meat, Beef & Poultry Processing in Ohio Industry

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

  • Basis of Competition
    Barriers to Entry
    Fresh Mark Inc., Smithfield Foods Inc., SugarCreek, Tyson Foods Inc.,
  • Table: Fresh Mark Inc. - financial performance
  • Table: Smithfield Foods Inc. - financial performance
  • Table: SugarCreek - financial performance
  • Table: Tyson Foods Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Meat, Beef & Poultry Processing in Ohio 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 Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per Capita Meat Consumption (2009-2023)

  • 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 Market Report on Meat, Beef & Poultry Processing in Ohio is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

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

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