High steaks: Beef exports have increased, supporting industry revenue growth

The Meat Processing industry has performed strongly over the past five years, with surging export demand supporting industry performance. However, production volumes of lamb and mutton, and beef and veal have been volatile over the past five years. Strong demand from overseas has boosted domestic beef and lamb prices and encouraged farmers to sell livestock. Increased prices have helped boost revenue for meat processors. Industry revenue is expected to grow at an annualised 4.5% over the five years through 2018-19, to reach $20.5 billion. This includes an anticipated rise of 5.7% during 2018-19. A depreciation of the Australian dollar and high beef and lamb prices due to tight supply are expected to support industry revenue in the current year...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Rising overseas demand has boosted domestic beef and lamb prices over the past five years
  • Imports of both beef and pork products have increased over the past five years
  • Adding value to existing meat products provides a significant opportunity to boost revenue
  • Industry Report - Industry Key Buyers Chapter

    The Meat Processing industry exhibits moderate market share concentration. In 2018-19, the industry's four largest players are expected to account for over 40% of industry revenue. These larger firms are typically able to charge higher unit prices because of strong product branding, high throughput of feedlot cattle, application of industry standards and their ability to establish lucrative exports contracts.Industry participation has fallen over the past five years. Decreasing participation is consistent with industries in the mature economic life cycle phase, as existing players attempt to expand their share of the market to capitalise on strong revenue growth. Due...purchase to read more.

    Additional Insights for the Meat Processing Industry

    IBISWorld has determined the most important Key Success Factors for the Meat Processing are:

  • Automation - reduces costs, particularly those associated with labour
  • Economies of scale
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Domestic price of beef and Trade-weighted index in the Meat Processing industry impact industry performance..

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    What's in this report

    What is the Meat Processing Industry?

    Industry operators primarily process live animals into meat products. Processors slaughter, bone, freeze, preserve, pack and can meat. Businesses that primarily manufacture meat from abattoir by-products and render lard or tallow are also included in the industry. The industry excludes poultry and seafood processors, and smallgoods manufacturers (such as bacon, ham and corned meat producers).

    Industry Products
  • Beef and veal
  • Lamb and mutton
  • Pig meat
  • Other meats
  • Industry Activities
  • Abattoir operation
  • Animal meat packing and freezing
  • Meat (except bacon, ham and poultry)
  • Meat meal or bone meal (except fish or poultry meal)
  • Meat packing (except poultry)
  • Canned meat (except poultry, bacon, ham and corned meat)
  • Dehydrated meat (except poultry)
  • Frozen meat (except poultry)
  • Unrefined animal oils or fats
  • Lard or tallow rendering
  • 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 beef
  • Trade-weighted index
  • Domestic price of lamb
  • Beef and veal production
  • Demand from cafes, restaurants and takeaway food services
  • Demand from food retailing

  • Current Performance
  • Export boom
  • Production and participation
  • Efficiency and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Exports and international competition
  • Profit and participation
  • Value-added products
  • Table: Meat Processing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Meat Processing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Meat Processing
  • Meat, Poultry and Smallgoods Wholesaling
  • Fresh Meat, Fish and Poultry Retailing
  • Supermarkets and Grocery Stores
  • Fast Food and Takeaway Food Services
  • Restaurants
  • Cafes and Coffee Shops

  • Key Selling Industries
  • Beef Cattle Farming
  • Pig Farming
  • Sheep Farming

  • Products & Services
  • Beef and veal
  • Lamb and mutton
  • Pig meat
  • Other meats
  • Chart: Meat Processing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Export markets
  • Retailers
  • Wholesalers
  • Food-service industries
  • Food manufacturers
  • Chart: Major Market Segmentation for the Meat Processing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Meat Processing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Meat Processing Industry

  • Industry Globalization
    Industry Park Pty Ltd, Teys Australia Pty Ltd, Thomas Foods International Consolidated Pty Limited,
  • Table: Industry Park Pty Ltd - financial performance
  • Table: Teys Australia Pty Ltd - financial performance
  • Table: Thomas Foods International Consolidated Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Meat Processing 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 Meat Processing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • An organisation that developed a set of objective descriptions for primal cuts and offal products derived from beef, veal, sheep and goat.
  • Feedlot
  • A confined area of land used for controlled feeding of livestock to finish them prior to slaughter or sale.
  • Meat Standards Australia (Msa)
  • The organisation that labels beef and sheep meat with a guaranteed grade and recommended cooking method.
  • Turn-Off
  • The number of livestock sold by farmers and available for market.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Meat Processing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Meat Processing:
    • 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 Meat Processing 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 Meat Processing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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