Meat, Beef & Poultry Processing in Canada - Industry Market Research Report

Meat, Beef & Poultry Processing in Canada - Industry Market Research Report

  • September 2021 •
  • 55 pages •
  • Report ID: 4563973 •
  • Format: PDF
Poultry returns: Declining red meats prices and downstream demand will likely hurt industry revenue

Abstract

Meat, Beef & Poultry Processing in Canada
Meat, Beef and Poultry Processing industry growth prospects have been threatened by slow growth in per capita meat consumption. Disease outbreaks and a growing awareness of the health risks associated with red meat consumption, in particular, have threatened Canadian appetites for steaks and fresh meats. However, capacity constraints in domestic cattle farms have forced red meat price upward, bolstering industry revenue despite declining red meat consumption. Consequently, industry revenue is projected to increase over the five years to 2018. As the economy is anticipated to improve and per capita disposable income is on the rise, industry revenue is forecast to increase over the five years to 2023.

Operators in the Meat, Beef and Poultry industry in Canada slaughter animals, process the carcasses and package the meat into products and by-products. Industry operators also purify and refine animal fat, bones and meat scraps. Products are sold to other food manufacturers, renderers, grocery and meat wholesalers and retail traders. Establishments that mainly cut and pack meats (i.e. boxed meats) from purchased carcasses are also included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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