Meat markets will continue to struggle, as supermarkets and grocery stores steal market share away from businesses. Despite an increasingly hostile retail environment, meat markets benefited from consumers cooking and eating at home more during the recession. Meat markets will rely on sales from the high income quintile, as this group of consumers will particularly demand higher-quality meats from industry providers.
This industry includes meat markets, butcher shops and delicatessens that primarily retail fresh, frozen and cured meats and seafood. Establishments that primarily retail fish and seafood are covered in the Fish and Seafood Markets industry (IBISWorld report 44522). Butcher shops and deli counters owned by and operated in larger supermarkets are excluded from this industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.