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Meat, Beef & Poultry Processing in the US - Industry Market Research Report

  • ID: 16692
  • Report
  • August 2021
  • Region: United States
  • 46 Pages
  • IBISWorld
Off the Hook: Operators Will Likely Manage Costs More Effectively due to a Stable Price of Feed

FEATURED COMPANIES

  • Cargill Incorporated
  • JBS USA Holdings
  • Smithfield Foods Inc.
  • Tyson Foods Inc.

Meat, Beef & Poultry Processing in the US

Over the five years to 2019, the Meat, Beef and Poultry Processing industry has contended with volatile meat prices resulting from drought, disease and volatile feed prices. Difficult agricultural conditions have resulted in imbalances of livestock supply, ultimately resulting 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 hindered the industry as the fluctuating price they receive for their products has made production output difficult to anticipate. Conversely, consumer demand has exhibited strong growth during the current period. Meat products represent a significant portion of consumer staples, and demand for industry products is reliant on the overall economy and household income. Over the past five years, consumers have fared well, along with the economy. Overall, industry revenue is anticipated to decrease during the current period. Over the five years to 2024, industry trends are forecast to reverse, with revenue projected to increase slightly. Both the agricultural price index and the price of feed are expected to exhibit stable growth relative to the previous period.

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.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Cargill Incorporated
  • JBS USA Holdings
  • Smithfield Foods Inc.
  • Tyson Foods Inc.
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
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Tyson Foods Inc.
  • Smithfield Foods Inc.
  • Cargill Incorporated
  • JBS USA Holdings
Note: Product cover images may vary from those shown

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