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 preference and disposable income, disease outbreaks have limited industry growth during specific years. Due to recovering consumer sentiment, population growth and strong export demand, meat-processing revenue is forecast to increase during the five years to 2021. Despite the stability of consumer demand for meat-based products, unpredictable weather conditions and disease outbreaks can cause volatility from year to year. To combat such volatility, operators will continue to vertically integrate, guaranteeing their supply.
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Industry Report - Industry Products Chapter
Slaughtered animal products (except poultry)
Slaughtered animal products (except poultry) include beef, pork, lamb, mutton and other red meats. These meats account for the largest segment of the meat processing industry, and their collective share has risen during the past five years despite decreased consumption of these meat products. Studies linking red meat consumption with increased risks of several diseases have raised nutritional awareness among consumers. As a result, consumers have started choosing white meats instead of beef and pork. Nevertheless, the prices of these products have risen faster than those of poultry products, leading this segment's share of revenue to increase... purchase to read more