Big missed steak: Poor growth strategies by enterprises will dampen revenue growth

The Meat, Beef and Poultry Processing industry in Ontario has experienced sluggish performance over the past five years. Industry operators slaughter animals and then process or render the carcasses to be sold to retailers, wholesalers or directly to food establishments. As a result, the success of the industry is grounded in the performance of these downstream industry operators that demand processed meats and poultry. A tepid growth in meat consumption, the decline in poultry prices and the inability for Ontario processed meat products to compete with other provinces, have hurt the industry. Over the five years to 2023, the industry is expected to stagnate...read more.

Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 13-18
-1.4%
Forecast Growth 18-23
Profit
Employment
20,258
Businesses
326

Industry Threats & Opportunities

  • Ontario is more dependent on the poultry processing industry than the national industry
  • Additional Insights for the Meat, Beef & Poultry Processing in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Meat, Beef & Poultry Processing in Ontario Industry are

  • Automation and capital investment
  • Production of good favoured by the market
  • Vertical integration
  • IBISWorld analysts also discuss how external factors such as Per capita meat consumption and Canadian effective exchange rate index in the Meat, Beef & Poultry Processing in Ontario industry impact industry performance..

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    What's in this report

    What is the Meat, Beef & Poultry Processing in Ontario Industry?

    Operators in this industry slaughter animals, process the carcasses and package the meat into products and by-products. Industry operators 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.

    Industry Products
  • Slaughtered animal products (except poultry)
  • Rendering and meat processing
  • Poultry processing
  • Industry Activities
  • Slaughtering animals
  • Cutting and packing meats
  • Preparing processed meats and meat by-products
  • Rendering and refining animal fat, bones and meat scraps
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita meat consumption
  • Canadian effective exchange rate index
  • Per capita disposable income in Ontario
  • Per capita seafood consumption

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Meat, Beef & Poultry Processing in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Animal Feed Production in Canada
  • Frozen Food Production in Canada
  • Meat, Beef & Poultry Processing in Canada
  • Grocery Wholesaling in Canada
  • Beef & Pork Wholesaling in Canada

  • Key Selling Industries
  • Beef Cattle Production in Canada
  • Chicken & Turkey Meat Production in Canada
  • Hog & Pig Farming in Canada

  • Products & Services
  • Rendering and meat processing
  • Poultry processing
  • Slaughtered animal products (except poultry)
  • Chart: Meat, Beef & Poultry Processing in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Wholesalers/distributors
  • Other meat processors
  • Retail outlets
  • Food service establishments
  • Food manufacturers
  • Chart: Major Market Segmentation for the Meat, Beef & Poultry Processing in Ontario Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Meat, Beef & Poultry Processing in Ontario

  • Basis of Competition
    Barriers to Entry
    Maple Leaf Foods, Olymel LP, Cargill Inc., Sofina Foods Inc.,
  • Table: Maple Leaf Foods - financial performance
  • Table: Olymel LP - financial performance
  • Table: Cargill Inc. - financial performance
  • Table: Sofina Foods Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Meat, Beef & Poultry Processing in Ontario Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Meat, Beef & Poultry Processing in Ontario Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • per capita meat consumption (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Abattoir
  • Synonym for "slaughterhouse"
  • Beef
  • Meat that comes from cow species such as steers, heifers, calfs, etc.
  • Poultry
  • Poultry is the product segment that includes chicken and turkey based foods.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Meat, Beef & Poultry Processing in Ontario market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Meat, Beef & Poultry Processing in Ontario:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Meat, Beef & Poultry Processing in Ontario market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Meat, Beef & Poultry Processing in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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