Meat, Beef & Poultry Processing in the US
The Meat, Beef and Poultry Processing industry involves the slaughtering, processing and packaging of livestock and poultry. Over the past five years, the industry has contended with volatile meat prices resulting from drought, disease and fluctuating feed prices. Difficult agricultural conditions have resulted in imbalances of livestock supply which have resulted in a boom and bust cycle in which supply has reached levels far above and far below demand within just five years. Such volatility has shaken industry operators because the fluctuating price they receive for their products have made production output difficult to anticipate. Over the five years to 2023, industry revenue is projected to increase as per capita disposable income continues to rise and commodity prices stabilize. In particular, industry operators are expected to recover from the losses incurred over the past five years.
Operators in this industry slaughter animals, process the carcasses and package the meat into products and byproducts. 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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