Industry Analysis & Industry Trends
The Meat, Beef and Poultry Processing industry represents a large portion of Canada's food processing sector, both in terms of exports and employment. The industry has seen declines in recent years due to decreased per capita meat consumption. Increasingly health-conscious consumers have decreased their consumption of red meats and opted for healthier sources of protein (e.g. fish, soy meats, and poultry). Decreased disposable income has also increased demand for poultry products, as poultry is typically a cheaper protein source than most red meats. Nevertheless, a rebounding economy and improved consumer sentiment toward industry products is expected to boost industry revenue over the next five years... 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