The most important products for the Meat Processing industry are beef, pork and lamb, which have been staples of the British diet for many years. However, increasing demand in countries with emerging middle classes and pressure on animal feed prices as a result of poor grain harvests mean the industry's products have become considerably more expensive in the past five years. The resulting dramatic rises in meat processors' input costs helped revenue rocket in 2011-12 and 2012-13 as these prices were passed on to customers.
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, freeze, 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 paté (see IBISWorld report C10.130).
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.