Flavor wars: Competition from supermarkets and supercenters will pressure the industry

Cutting it in the Meat Markets industry has become increasingly difficult. Competition from traditional and nontraditional retailers alike have limited the growth of meat markets and butcher shops. Moreover, conventional relationships are changing among food retailers, wholesalers and manufacturers, making the food retail market more competitive overall. This competition is expected to squeeze operators over the five years to 2022. The prices of red meat and poultry are expected to increase during the outlook period, bolstering revenue but somewhat pressuring profit margins. Competition from supermarkets and supercenters is expected to intensify, as these alternative retail channels diversify their product selections to appeal to more consumers...read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 12-17
0.2%
Forecast Growth 17-22
Profit
Employment
43,106
Businesses
9,275
Market Share of Companies
What Our Customers Say

Industry Threats & Opportunities

  • Meat markets encountered growing competition from supermarkets, grocery stores and big-box retailers
  • The industry competes with nontraditional retail industries, such as big-box retailers
  • Downstream demand for meat is anticipated to increase over the next five years
  • Industry Report - Industry Products Chapter

    In addition to the major products that meat markets sell, many operators also provide value-added services. Value-added activities may include smoking, glazing, custom cutting, and stuffing. By and large, people visit meat markets for specific cuts and specialty items that are unavailable in other retail channels.PoultryCollectively, poultry accounts for 50.6% of all product sales, representing an increase in recent years due to favorable health trends. This product segment has also benefited from the growing availability of organic, locally-sourced and free-range poultry products in the United States. These shifts in consumer preferences has made poultry the most consumed meat in the United States for the first time in about a century. Bro...purchase to read more.

    Additional Insights for the Meat Markets Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Meat Markets Industry are

  • Being part of a franchising chain
  • Attractive product presentation
  • Experienced work force
  • IBISWorld analysts also discuss how external factors such as Per capita meat consumption and Price of poultry meat in the Meat Markets industry impact industry performance..

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    What is the Meat Markets Industry?

    This industry includes meat markets, butcher shops and delicatessens that primarily retail fresh, frozen and cured meats and seafood. Establishments that primarily retail fish and seafood are covered in the Fish and Seafood Markets industry (IBISWorld report 44522). Butcher shops and deli counters owned by and operated in larger supermarkets are excluded from this industry.

    Industry Products
  • Beef
  • Other red meat and fish
  • Broilers
  • Other chicken
  • Turkey
  • Pork
  • Industry Activities
  • Preparing and selling poultry
  • Preparing and selling beef and veal
  • Preparing and selling pork
  • Preparing and selling lamb and mutton
  • Preparing and selling seafood
  • 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 poultry meat
  • Price of red meat
  • Per capita disposable income
  • Per capita seafood consumption

  • Current Performance
  • Consumer demand
  • Competitive retail channels
  • Profitability and industry size
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream demand and competition
  • Opportunities for growth
  • People, participation and pay
  • Table: Meat Markets Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Meat Markets Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Markets

  • Products & Services
  • Broilers
  • Beef
  • Pork
  • Turkey
  • Other red meat and fish
  • Other chicken
  • Chart: Meat Markets Industry Products and Services Segmentation

  • Demand Determinants
  • Prices
  • Disposable income
  • Dietary concerns

  • Major Markets
  • Highest income quintile consumers
  • Fourth income quintile consumers
  • Middle income quintile consumers
  • Second income quintile consumers
  • Lowest income quintile consumers
  • Retailers and wholesalers
  • Restaurants
  • Other
  • Chart: Major Market Segmentation for the Meat Markets Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation, utilities, rent and other
  • Chart: Cost Structure Benchmarking – Sector vs Meat Markets

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Meat Markets Industry

  • Industry Globalization
    Omaha Steaks International Inc.
  • Table: Omaha Steaks International Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Meat Markets 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 Markets Industry
    Includes:
  • 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
    Table: Industry Financial Ratios
    Broiler
  • A young chicken that is bred and raised for commercial slaughter.
  • Electronic Data Interchange (Edi)
  • The transmission of data between businesses from one computer system to another.
  • Point-Of-Sale
  • The location where a transaction occurs at a retail establishment or store.
  • Why buy this report?

    IBISWorld’s industry research report on Meat Markets 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 Markets:
    • 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 Markets 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 Markets, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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