Bringing home the bacon: New healthy products have boosted industry revenue

The Cured Meat and Smallgoods Manufacturing industry has performed strongly over the past five years. New products have been developed to address consumer demand for more convenient and healthier eating, which has strengthened demand for smallgoods. New industry products have included organic, low-fat and low-salt smallgoods, along with a growing array of artisan-style products. Increasingly sophisticated consumer palettes have helped drive these developments. Packaging innovations have also supported industry growth, with some products now available in single-serve packaging, while others are pre-diced to make them more convenient. Industry firms have also benefited from the rising price of red meat, which has encouraged consumers to purchase smallgoods as a cheaper alternative...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
2.7%
Forecast Growth 18-23
Profit
Employment
8,931
Businesses
224

Industry Threats & Opportunities

  • Packaging innovations have supported industry growth over the past five years
  • The industry has introduced new products, such as cruelty-free hams and pre-packaged diced chorizo
  • Operators are forecast to increase automation of manufacturing processes to reduce wage costs
  • Industry Report - Starting a New Business Chapter

    The Cured Meat and Smallgoods Manufacturing industry exhibits moderate barriers to entry. Potential participants can be deterred from entry by the capital requirements of establishing or purchasing a processing plant. Typically, bacon and ham production is characterised by large-scale operators. It is often difficult for new entrants to effectively compete on a smaller scale. Therefore, comparable operations would require significant investment in buildings and machinery. However, the growth of specialty and high-value products do give some opportunities for smaller operators wishing to participate in niche markets.Brand loyalty among consumers can also hamper effective entry. The...purchase to read more.

    Additional Insights for the Cured Meat and Smallgoods Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Cured Meat and Smallgoods Manufacturing Industry are

  • Supply contracts in place for key inputs
  • Economies of scale
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Domestic price of meat and Demand from supermarkets and grocery stores in the Cured Meat and Smallgoods Manufacturing industry impact industry performance..

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    What's in this report

    What is the Cured Meat and Smallgoods Manufacturing Industry?

    Industry firms primarily manufacture bacon, ham, smallgoods and other prepared meat products. Smallgoods usually refers to meat products where the meat has been manufactured to form a new product, such as sausages; salamis; pates; and dried, roasted and preserved meat products. Smallgoods are made from pig meat, and other meats such as poultry and beef.

    Industry Products
  • Ham
  • Bacon
  • Salami and sausages
  • Sliced poultry
  • Other products
  • Industry Activities
  • Bacon
  • Corned meat (except canned)
  • Ham (canned, cooked, green or smoked)
  • Hamburger
  • Cooked meat (except poultry)
  • Meat specialties
  • Pate (except fish)
  • Sausage (except canned)
  • Smallgoods
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Domestic price of meat
  • Demand from supermarkets and grocery stores
  • Real household disposable income
  • Domestic price of poultry
  • Health consciousness

  • Current Performance
  • Product development
  • Profit conditions
  • Industry participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Input price trends
  • Product innovation
  • The retail environment
  • Industry profit
  • Table: Cured Meat and Smallgoods Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cured Meat and Smallgoods Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Meat, Poultry and Smallgoods Wholesaling
  • General Line Grocery Wholesaling
  • Catering Services
  • Supermarkets and Grocery Stores
  • Restaurants

  • Key Selling Industries
  • Flour and Grain Mill Product Manufacturing
  • Meat Processing
  • Paper Product Wholesaling
  • Pig Farming
  • Poultry Processing

  • Products & Services
  • Bacon
  • Other products
  • Ham
  • Salami and sausages
  • Sliced poultry
  • Chart: Cured Meat and Smallgoods Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Grocery wholesalers
  • Grocery retailers
  • Food-service industries
  • Export markets
  • Chart: Major Market Segmentation for the Cured Meat and Smallgoods Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Utilities and rent
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Cured Meat and Smallgoods Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cured Meat and Smallgoods Manufacturing Industry

  • Industry Globalization
    Industry Park Pty Ltd, Food Investments Pty Limited,
  • Table: Industry Park Pty Ltd - financial performance
  • Table: Food Investments Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Cured Meat and Smallgoods Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Cured Meat and Smallgoods Manufacturing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Abattoir
  • A place where animals are slaughtered for their meat.
  • Corned Meat
  • Meat that has been preserved or cured with salt, or preserved in brine.
  • Smallgoods
  • Manufactured meats such as frankfurters, saveloys, Strasburg and salami.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Cured Meat and Smallgoods Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Cured Meat and Smallgoods Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Cured Meat and Smallgoods Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Cured Meat and Smallgoods Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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