Industry Analysis & Industry Trends
Companies operating in the Meat and Meat Product Retailing industry specialise in the sale of fresh and cooked meat. Businesses typically purchase produce from UK farms or suppliers. Over the past decade the industry has been subject to intense competition from supermarkets. Large supermarkets have taken industry operators' revenue by offering similar products at cheaper prices. The industry has also faced higher purchase costs owing to increasing feed prices, which have pushed up the cost of meat to the detriment of profit margins. Over the five years through 2014-15, industry revenue is forecast to increase at a compound annual rate of 2% to total £3.1 billion. This includes an expected increase of 2.1% in the current year... purchase to read more
Industry Report - Industry Investment Chapter
IBISWorld determines the capital intensity of an industry by comparing capital costs, measured as depreciation, with wage costs. The Meat and Meat Product Retailing industry has a moderate level of capital intensity. Labour costs are incurred through the need to have skilled employees to handle and store meat in accordance with health and safety regulations. Skilled butchers are also required to have an understanding of the different types of meat and cuts and effectively answer any customer queries that may arise. Furthermore, some retailers prepare cooked meats on-site and experienced cooks are often required. Labour costs are estimated to account for 13.6% of industry revenue in 2014-15.
Industry operators also require machinery in order to operate effectively... purchase to read more