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 - Industry SWOT Analysis Chapter
Over the 10 years to 2019, the industry's contribution to the economy, measured by industry value added (IVA), is forecast to grow at an annualized rate of 0.9%. Meanwhile, domestic GDP is forecast to grow at an annualized rate of 2.3%. Global demand and the role of meat as a staple in the Canadian diet have helped the industry to remain afloat despite ongoing challenges, such as fading consumption of red meat due to health concerns and high costs resulting from occasional animal diseases.
Acquisitions have defined industry activity in the past five years, and the number of enterprises is expected to fall steadily over the next five years to 2019... purchase to read more