Beefing up: Rebounding demand will prop up revenue, despite disease outbreaks and health concerns
IBISWorld’s Meat, Beef & Poultry Processing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
Industry Analysis & Industry Trends
The Meat, Beef and Poultry Processing industry has struggled over the years due to stagnant per capita meat consumption. Additionally, disease outbreaks and a growing awareness of the health risks associated with red meat consumption have threatened Canadian appetites for steaks and fresh meats. In the next five years, the economy is anticipated to rebound and consumer sentiment is expected to improve, increasing industry revenue... purchase to read more
Industry Report - Starting a New Business Chapter
Regulation poses a major barrier to entry into the Meat, Beef and Poultry Processing industry. The Canadian Food Inspection Agency imposes stringent standards to ensure food safety and protect the public from contamination. Noncompliance with these standards may potentially result in shutting down company operations or denial of entry for a particular player.
Preexisting supply arrangements pose another barrier. Established businesses typically have contracts in place to supply other meat processors with raw materials. Similarly, these companies will also have relations with distributors and even retailers to supply high value-added food products for final consumption... purchase to read more
What is the Meat, Beef & Poultry Processing Industry?
Operators in this industry slaughter animals, process the carcasses and package the meat into products and by-products. Industry firms also purify and refine 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 (i.e. boxed meats) from purchased carcasses are also included in this industry.
Slaughtered animal productsPoultry processingRendering and meat processing from carcasses
Slaughtering animalsCutting and packing meatsPreparing processed meats and meat by-productsRendering and refining animal fat, bones and meat scraps