Meat Processing in Ireland - Industry Market Research Report

Going off: The cost-of-living squeeze means more consumers are opting for cheaper meats, denting revenue in 2023

The Meat Processing industry has had a volatile performance over recent years. Irish meat processors derive the majority of their revenue from selling products abroad. Subdued export demand adversely impacted revenue over the two years through 2020. The COVID-19 pandemic and closures of food service establishments in Ireland, the UK and Europe also constrained revenue in 2020 and the first half of 2021. The gradual lifting of restrictions from mid-2021 has fuelled a considerable rebound in exports, particularly over 2022.

Despite this recovery, over the five years through 2023, the Irish Meat Processing industry's revenue is expected to tumble at a compound annual rate of 1. 8% to €4. 5 billionCompanies in the Meat Processing industry slaughter livestock to produce meat. These companies produce fresh, chilled or frozen meat as carcases, cuts and by-products like rendered lard, tallow and pulled wool. Processors also bone, preserve and pack meat. The industry excludes meats from non-mammal sources like fish and poultry and meat products, including sausages, bacon and pate. 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.