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 - Industry SWOT Analysis Chapter
Over the 10 years to 2020, the industry's contribution to the economy, measured by industry value added (IVA), is forecast to grow at an annualized rate of 0.2%. Meanwhile, domestic GDP is forecast to grow at an annualized rate of 2.2%. 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 2020... purchase to read more