Industry Analysis & Industry Trends
The Meat Product Manufacturing industry is engaged in the production of various types of dried, salted and smoked meats, and other meat-based products. The industry has a medium level of concentration, with some large players operating alongside many small firms. Imports have a significant influence on industry performance as they satisfy approximately one-third of domestic demand. However, exports are relatively low and account for 5.8% of revenue.
Operating conditions have been relatively poor over the past five years. Revenue declined during the start of the period as rising meat prices and household spending pressures hindered demand for meat products... purchase to read more
Industry Report - Industry Analysis Chapter
The Meat Product Manufacturing industry has faced relatively weak operating conditions over the past five years. Household spending pressures and rising meat prices during the start of the five-year period through 2021-22 hampered demand. In addition, rising awareness of the health risks associated with the consumption of red and processed meat also negatively influenced demand for products manufactured by industry participants. Difficult operating conditions were compounded by the effects of the horsemeat scandal and rising levels of import competition. Nevertheless, the industry returned to growth in 2014-15, as rebounding economic conditions and rising real disposable incomes supported rising meat consumption levels. Ind.. purchase to read more