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Meat Markets in the US - Industry Market Research Report

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    Report

  • 40 Pages
  • January 2022
  • Region: United States
  • IBISWorld
  • ID: 239570

Prime cut: External competition is expected to continue to add pressure on operators, hurting industry growth

Meat Markets in the US


The Meat Markets industry retails a variety of fresh, frozen and cured meat primarily to households, as well as other downstream markets. In recent years, competition from traditional and nontraditional retailers alike has limited the growth of meat markets and butcher shops. Moreover, the traditional relationship dynamic between food retailers, wholesalers and manufacturers has been shifting, making the food retail market more competitive overall. Operators encountered growing competition from supermarkets, grocery stores and big-box retailers over the five years to 2019. Each of these retail channels provide an extensive product range, while also benefiting from cost savings associated with economies of scale. Competition is expected to further squeeze operators over the five years to 2024. The decline in the price of red meat is expected to stall during the outlook period, while the price of poultry is expected to rise, bolstering revenue but somewhat pressuring profit margins. Competition from supermarkets and supercenters is expected to intensify.

The Meat Markets industry comprises butcher shops and delicatessens that primarily retail fresh, frozen and cured meats and poultry products to households, other retailers and food service companies. Establishments that primarily retail fish and seafood are covered in the Fish and Seafood Markets industry (report 44522). Butcher shops and deli counters owned by and operated in larger supermarkets are excluded from 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

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

Methodology

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