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

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

  • September 2020 •
  • 23 pages •
  • Report ID: 5470220 •
  • Format: PDF
Cash cow: Modest demand growth and increased meat consumption will drive growth

Abstract

Meat, Beef & Poultry Processing in Illinois
The Meat, Beef and Poultry Processing industry in Illinois is expected to post moderate growth over the five years to 2017. Increasing per capita consumption of meat combined with declines in the prices of red meat and poultry have facilitated higher industry turnover. Additionally, industry revenue growth has been spurred by growing downstream demand. Over the five years to 2022, the industry is anticipated to continue rising with modest growth in downstream demand and increases in per capita meat consumption anticipated to drive growth. Moreover, slight increases in the prices of red meat and poultry are also anticipated to contribute to revenue growth. Overall, future industry conditions are expected to be similar to those experienced during the current five-year period, facilitating industry growth over the five years to 2022.

Operators in this industry slaughter animals, process the carcasses and package the meat into products and by-products. The industry also purifies and refines 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 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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