Fine dining: Demand from abroad is expected to grow as the value of the pound remains low

Industry operators slaughter livestock to produce red meat. Participants produce fresh, chilled or frozen meat as carcasses and cuts, in addition to by-products like rendered lard, tallow and pulled wool. The industry excludes meats from fish and poultry, meaning these industries act as substitutes and a form of competition when red meat prices are high. Industry revenue declined in the base year of the period as a result of reduced demand for industry products, and revenue is expected to have fluctuated somewhat over the period, affected by rises in meat consumption and variable costs. The Meat Processing industry is expected to grow at a compound annual rate of 3.5% over the five years through more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25

Industry Threats & Opportunities

  • The industry has recently benefited from the increasing use of British meat by restaurants
  • Tighter regulation following breaches has increased industry costs
  • More UK producers securing agreements to export beef to China should support industry revenue
  • Industry Report - Industry Key Buyers Chapter

    The Meat Processing industry is characterised by a low degree of concentration, with the four largest operators estimated to account for 30.9% of total industry revenue in 2019-20. Over the past five years, various restructuring strategies, acquisitions and consumer trends have caused market concentration to fall. Concentration was diluted by the exit of the former market leader, VION Food UK Ltd in 2013, since its operations were divided between three separate companies: 2 Sisters Food Group, Karro Food and WM Morrison Supermarkets. The majority of the companies operating in the industry are small, with 78.1% of firms employing fewer than 50 people in 2018. Farmers tend to have long-standing relationships with incumbents that operate local slaughterhouses. Thi...purchase to read more.

    Additional Insights for the Meat Processing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Meat Processing Industry are

  • Output is sold under contract - incorporate long-term sales contracts
  • Upstream vertical integration (ownership links)
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Domestic price of beef and Demand from supermarkets in the Meat Processing industry impact industry performance..

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    What's in this report

    What is the Meat Processing Industry?

    Businesses in the Meat Processing industry slaughter livestock to produce red meat. Participants produce fresh, chilled or frozen meat as carcasses and cuts, in addition to by-products like rendered lard, tallow and pulled wool. Operators also bone, preserve and pack meat. The industry excludes meats from non-mammal sources such as fish and poultry, and meat products such as sausages, bacon and pate (see IBISWorld report C10.130).

    Industry Products
  • Beef and veal
  • Lamb and sheep
  • Pork
  • Skins
  • Edible fats
  • Offal
  • Industry Activities
  • Slaughtering animals
  • Producing cuts of beef
  • Producing cuts of lamb and mutton
  • Producing cuts of pork
  • Producing cuts of other red meats
  • Selling by-products from the slaughtering process
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic price of beef
  • Demand from supermarkets
  • Domestic price of chicken
  • Domestic price of sheep meat
  • Real effective exchange rate

  • Current Performance
  • British beef
  • Pressure on profit
  • Restructuring the industry
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Increasing exports
  • EU funding
  • Environmental and health concerns
  • Table: Meat Processing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Meat Processing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Meat Product Manufacturing
  • Meat Wholesaling
  • Supermarkets
  • Meat & Meat Product Retailing
  • Full-Service Restaurants

  • Key Selling Industries
  • Beef Cattle Farming
  • Pig Farming
  • Sheep Farming

  • Products & Services
  • Beef and veal
  • Pork
  • Lamb and sheep
  • Offal
  • Skins
  • Edible fats
  • Other
  • Chart: Meat Processing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Supermarkets
  • Food manufacturers
  • Food-service industries
  • Wholesalers
  • Butchers
  • Chart: Major Market Segmentation for the Meat Processing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Meat Processing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Meat Processing Industry

  • Industry Globalization
    Dunbia Ltd, ABP Food Group, Cranswick plc, Wm Morrison Supermarkets plc, Hilton Food Group plc,
  • Table: Dunbia Ltd - financial performance
  • Table: ABP Food Group - financial performance
  • Table: Cranswick plc - financial performance
  • Table: Wm Morrison Supermarkets plc - financial performance
  • Table: Hilton Food Group plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Meat Processing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Meat Processing Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bovine Spongiform Encephalopathy (Bse)
  • Also known as mad cow disease, this neurological illness infected many British cattle in the 1990s. Many more were slaughtered in the attempt to limit its spread.
  • Fifth-Quarter Products
  • Another way of referring to offal - the organs and body parts left behind once normal cuts of meat have been removed.
  • Tallow
  • A rendered form of beef or mutton fat.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Meat Processing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Meat Processing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Meat Processing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Meat Processing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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