Overview

Beefy results: Booming international demand has driven growth in Australian beef exports

IBISWorld’s Meat Processing 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.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Beef and lamb production volumes have risen over the past five years
  • Imports of beef and lamb products have increased over the past five years
  • Adding value to existing meat products provides a significant opportunity to boost revenue

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    Industry Analysis & Industry Trends

    The Meat Processing industry has performed strongly over the past five years. Improved weather conditions and surging export demand have aided the industry. Production volumes of beef and lamb have risen over the past five years, with strong demand boosting prices and encouraging farmers to sell livestock. Increased prices and production have, in turn, helped boost revenue for meat processors. Industry revenue is forecast to grow at an annualised 8.9% over the five years through 2016-17, to reach $21.4 billion. However, industry revenue is forecast to fall by 2.4% during 2016-17. Reduced turn-off rates, particularly for beef cattle, will limit production at the processing level and depress industry revenue...

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    Industry Report - Starting a New Business Chapter

    The Meat Processing industry has moderate barriers to entry. The largest obstacles facing prospective industry operators are the high initial establishment costs, which include the cost of obtaining export licences and the expenses of building strong economies of scale. Meat processing is characterised by large-volume production. Economies of scale are particularly important in the generic processing of meats. Many of the basic meat products processed by the industry have low per-unit values, making economies of scale necessary to minimise per-unit costs. Firms wishing to enter the market need to establish large-scale production operations to compete effectively against existing low-cost producers. How..

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    Additional Insights for the Meat Processing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Meat Processing Industry are

  • Automation - reduces costs, particularly those associated with labour
  • Economies of scale and scope
  • 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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    Industry Products

    What is the Meat Processing Industry?

    Industry operators primarily slaughter animals (except poultry), bone, freeze, preserve or pack meat (except poultry) or can meat (except poultry, seafood, bacon, ham and corned meat). Businesses that primarily manufacture meat from abattoir by-products (except from products of poultry slaughtering), and render lard or tallow are also included.

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Meat Processing
  • Meat, Poultry and Smallgoods Wholesaling
  • Fresh Meat, Fish and Poultry Retailing
  • Supermarkets and Grocery Stores
  • Fast 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
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Meat Processing

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Major Companies
    JBS Australia Pty LimitedTeys Australia Pty LtdThomas Foods International Consolidated Pty Limited
  • Table: JBS Australia Pty Limited - financial performance
  • Table: Teys Australia Pty Ltd - financial performance
  • Table: Thomas Foods International Consolidated Pty Limited - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Meat Processing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Aus-Meat
  • 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.
  • Why buy this report?

    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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