Industry Analysis & Industry Trends
The Meat Processing industry in the United Kingdom is expected to grow at an annual compound rate of 2.3% over the five years through 2016-17. The most important products for the industry are beef, pork and lamb, which have been staples of the British diet for many years. Although industry revenue is expected to increase over the five years through 2016-17, this conceals relatively weak growth over the past three years, following a sudden drop in revenue in 2013-14. During the current year, revenue is expected to grow by 1.1% and reach £6.9 billion.
The horsemeat scandal, which broke in early 2013, was an important development in the industry during the past five years... purchase to read more
Industry Report - Industry Investment Chapter
The Meat Processing industry is estimated to have a moderate level of capital intensity. The capital intensity of an industry determines the relative importance of labour and capital to its operations. Using depreciation and wage as proxies for capital and labour, IBISWorld estimates that operators spend an average £5.15 on wages for every £1.00 they invest in depreciable assets, making them moderately capital-intensive. The variation in size and shape between different animals means many jobs in an abattoir still require human employees, but carcases are often mechanically transported between different parts of a facility. Similarly, the task of cutting up animal carcases often involves both human and mechanical input. Hen.. purchase to read more