Meat, Beef & Poultry Processing in Colorado
Over the five years to 2018, the Meat, Beef and Poultry Processing industry has contended with prolonged drought in the southwest, the outbreak of porcine epidemic diarrhea virus and a dramatic decrease in the price of red meat, which resulted in reduced herd counts and severe losses for industry operators. However, strengthening consumer demand for meat products during the five-year period, largely driven by rising per capita incomes, helped to mitigate losses. Nevertheless, losses stemming from external factors, such as weather and commodity prices, largely offset the benefits of heightened consumer demand for meat products. Over the five years to 2023, difficult operations are expected to continue to restrict industry growth.
Operators in this industry slaughter animals, process the carcasses and package the meat into products and by-products. The industry also purifies and refines 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 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.
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