Industry Analysis & Industry Trends
The Poultry Meat Processing industry has performed well over the past five years. Industry operators process chicken, turkey, goose, duck and other fowl. About 80% of processed poultry products are sold raw, while the remaining 20% are ready to cook or fully cooked value-added products. Value-added poultry products include seasoned, marinated, crumbed and battered meats or cuts useful for snacks, entertaining or meals. The industry's major downstream markets are retailers and food-service operators. Over the five years through 2016-17, industry revenue is expected to grow at a compound annual rate of 3% to reach £4.9 billion.
While the ongoing supermarket price war has weighed on chicken processors in recent years, chicken has remained a staple household protein... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The well-established Poultry Meat Processing industry is in the mature phase of its life cycle. Over the 10 years through 2021-22, industry value added, a measure of the industry's contribution to the economy, as measured by IVA, is expected to grow at a compound annual rate of 3.3%, while GDP is expected to grow at a compound annual rate of 2.3% over the same period. Although this would ordinarily indicate a growing industry, the high IVA over the period is largely due to a low value in the base year.
Not only has poultry's use in downstream markets increased, but the number of markets also increased as a result of product innovations. For example, portioned meat cuts are now being packaged with side dishes as ready-made meals. The.. purchase to read more