Too much at steak: High employee turnover and increased healthy eating trends will mitigate revenue growth

The Meat, Beef and Poultry Processing industry in Texas is noteworthy because it satisfies Texans' cravings for numerous local staples, ranging from chili to brisket. Therefore, it comes as no surprise that in spite of the growing public awareness of potential health risks associated with the consumption of certain meat products, per capita meat consumption has surged over the past five years due to the falling cost of meat items. Per capita disposable income in Texas has also strengthened during the five-year period, enabling consumers to increasingly splurge on premium cuts of meat. Over the past five years, industry operators nationwide have been plagued by high turnover rate resulting from the dangerous nature of the occupation...read more.

Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 12-17
1.0%
Forecast Growth 17-22
Profit
Employment
37,079
Businesses
521
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Industry Threats & Opportunities

  • Rising meat consumption and disposable income have supported industry revenue growth
  • Operators are increasingly adopting new equipment and machinery that enable safe and hygienic handling of food products
  • Slight deregulation on a state level will ease the barriers to entry for the industry to some extent
  • Industry Report - Industry Products Chapter

    Processed meatsMeat processed from carcasses represents processed meat products (except poultry), and includes food items such as frozen meat pies, pastrami, bacon, ham and sausages. These products represent a low-cost staple in consumer diets. Processed meat products account for the largest share of Meat, Beef and Poultry Processing industry revenue in Texas, at 42.0% of the total in 2017, which is nearly double the national average. This discrepancy primarily results from the fact that the Lone Star State is the largest producer of cattle and calves in the country, which explains the concentration of processed meat producers. How...purchase to read more.

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

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Meat, Beef & Poultry Processing in Texas 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 Texas and Per capita meat consumption in the Meat, Beef & Poultry Processing in Texas industry impact industry performance..

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

    Operators in this industry slaughter animals, process the carcasses and package the meat into products and by-products in Texas. 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 Texas
  • Per capita meat consumption
  • Consumer price index in Texas
  • Healthy eating index

  • Current Performance
  • Changing tastes
  • Mounting capital intensity
  • Chart: Revenue Growth

  • Industry Outlook
  • Deregulation will fuel industry growth
  • Taste of ethics
  • Table: Meat, Beef & Poultry Processing in Texas Industry Revenue Outlook

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

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

  • Basis of Competition
  • Internal competition
  • External competition

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

  • JBS SATyson Foods Inc.Cargill Inc.Harris County Farms
  • Table: JBS SA - financial performance
  • Table: Tyson Foods Inc. - financial performance
  • Table: Cargill Inc. - financial performance
  • Table: Harris County Farms - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Meat, Beef & Poultry Processing in Texas 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 Texas 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.
  • Mutton
  • The meat of sheep, especially a mature sheep, for use as food.
  • Wholesale Bypass
  • A popular trend within retail and manufacturing industries, whereby producers supply goods directly to stores, eliminating the middleman.
  • Why buy this report?

    IBISWorld’s Meat, Beef & Poultry Processing in Texas Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

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

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