Industry Analysis & Industry Trends
The Meat Processing industry has grown in spurts over the past five years. The industry's principle products – beef, lamb and pig meat – have all suffered from slight declines in consumption over the period, in line with higher prices. A principle trend over the past 20 years has been the preference for poultry over red meat, with poultry consumption doubling and red meat consumption remaining fairly static. Consumers have also been forced to scale back, purchasing lower quality meats in accordance with lower levels of disposable income caused by the recession. This added to the applicability of the shocking news that horse DNA had been discovered in a Tesco Value frozen beef burger product... purchase to read more
Industry Report - Industry Investment Chapter
The Meat Processing industry has high-speed production lines that have dramatically increased throughput, allowing meat processors to raise production without requiring corresponding increases in employment. However, the labour requirement is still classified as moderate, given that for every £1.00 spent on capital, industry operators typically spend £4.89 on wages.
Over the past five years, capital intensity has remained constant. However, IBISWorld estimates that the continual introduction of new technology will increase the capital requirement of meat processors and, in doing so, should lower the labour requirement. The capital intensity figure will level out again in the future, as production lines will achieve a fixed requirement of employees... purchase to read more