The industry has struggled over the past five years primarily due to declining per capita meat consumption. Disease outbreaks and a growing awareness of the health risks associated with red meat consumption have threatened Canadian appetites for steaks and fresh meats. Consequently, industry revenue has only increased marginally over the past five years. As the economy is anticipated to improve and per capita disposable income is on the rise, industry revenue is forecast to increase over the five years to 2022. Although downstream demand is expected to recover over the next five years, potential disease outbreaks and unfavourable weather conditions may cause volatility on a year-to-year basis.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.