Industry Analysis & Industry Trends
The Meat, Beef and Poultry Processing industry is the largest within the Canadian food-manufacturing sector. While meat products remain a staple part of the diet for Canadian consumers, industry operators have experienced some turbulent times in the past five years due to volatile input prices and unstable economic conditions in several export markets. In the coming years, as the economy is anticipated to rebound and consumer sentiment is expected to improve, industry revenue is forecast to beef up... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Over the 10 years to 2021, the industry's contribution to the economy, measured by industry value added (IVA), is forecast to grow at an annualized rate of 0.4%. Meanwhile, domestic GDP is forecast to grow at an annualized rate of 1.8%. 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 over the past five years, and the number of enterprises is expected to fall steadily over the next five years to 2021. Ind.. purchase to read more