Cured Meat and Smallgoods Manufacturing in Australia - Industry Market Research Report

Hamming IT Up: Rising Domestic Meat Prices Have Sliced into Profit Margins by Beefing Up Input Costs

Cured meat and smallgoods manufacturers have faced mixed trading conditions over the past few years. Consumer stockpiling behaviour during the COVID-19 pandemic supported domestic and international demand for cured meat and smallgoods. Increases in the domestic price of meat have edged up purchase costs for manufacturers, weighing down industry profitability. While manufacturers can partially pass on price rises to downstream markets, high competition has limited this option. Revenue is expected to rise at an annualised 1.9% over the five years through 2022-23, to $4.3 billion. This trend includes an anticipated drop of 1.5% in the current year. Industry manufacturers primarily produce bacon, ham, smallgoods and other prepared meat products. Smallgoods usually refers to meat products where the meat has been manufactured to form a new product, like sausages; salamis; pates; and dried, roasted and preserved meat products. Smallgoods are made from pig meat, and other meats like poultry and beef. 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.