Meat, Beef & Poultry Processing in the US - Industry Market Research Report
Description
Meat, Beef & Poultry Processing in the US
The Meat, Beef and Poultry Processing industry involves the slaughtering, processing and packaging of livestock and poultry. Meat processors have contended with volatile meat prices from drought, disease and unstable feed prices over the five years to 2023, as well as the COVID-19 pandemic, but revenue still rose. Demand both in the US and abroad exhibited strong growth as per capita disposable income increased and consumers were more able to purchase premium cuts of meat. China agreed to import more meat products as part of the phase two trade deal between the US and China in 2020. Boosted export activity as the economy recovered and international trade resumed greatly benefited US meat processors with the production capacity and efficiency to serve emerging markets overseas. Despite price volatility, industry revenue will grow at a CAGR of 2.6% to $295.9 billion in 2023, including a rise of 0.5% in 2023. Profit has also grown 5.2%.as red meat prices have outpaced feed costs and operators lowered costs through vertical integration.
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. Enterprises 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."
The Meat, Beef and Poultry Processing industry involves the slaughtering, processing and packaging of livestock and poultry. Meat processors have contended with volatile meat prices from drought, disease and unstable feed prices over the five years to 2023, as well as the COVID-19 pandemic, but revenue still rose. Demand both in the US and abroad exhibited strong growth as per capita disposable income increased and consumers were more able to purchase premium cuts of meat. China agreed to import more meat products as part of the phase two trade deal between the US and China in 2020. Boosted export activity as the economy recovered and international trade resumed greatly benefited US meat processors with the production capacity and efficiency to serve emerging markets overseas. Despite price volatility, industry revenue will grow at a CAGR of 2.6% to $295.9 billion in 2023, including a rise of 0.5% in 2023. Profit has also grown 5.2%.as red meat prices have outpaced feed costs and operators lowered costs through vertical integration.
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. Enterprises 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."
Table of Contents
53 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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