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 - Starting a New Business Chapter
The Meat and Meat Product Retailing industry faces moderate barriers to entry, the initial start-up cost being the main barrier that must be overcome. Prospective entrants will need to secure retail space with close proximity to a high number of shoppers in order to drive in customers. In an era where the retail industry remains significantly fragile, new entrants must ensure the geographical location chosen is in need of the service otherwise the chances of success will be slim. Furthermore, prospective entrants will need to invest in machinery used to prepare the meat daily.
In addition to this, entrants may need to develop supply links with wholesalers, meat suppliers, and farms... purchase to read more