A fine cut: The opening of new markets is expected to propel industry revenue

The Meat Processing industry produces fresh, chilled or frozen meat as carcases and cuts, in addition to by-products like rendered lard, tallow and pulled wool. The most important products for the industry are beef, pork and lamb. The industry is highly fragmented, with only one operator – Dawn Meats Group – expected to hold a market share greater than 5% in the current year. Nevertheless, increased consolidation activity in recent years has raised the industry's level of concentration. Over the five years through 2018, industry revenue is expected to grow at a compound annual rate of 3.4%. During the current year, revenue is expected to grow by 3.2% to reach €4.2 billion...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The opening of the lucrative Chinese market is expected to support export revenue in the coming years
  • The United States and China have recently lifted bans Irish beef, benefiting the export-reliant industry
  • The industry is likely to be significantly affected by the terms of the UK's exit from the European Union
  • Industry Report - Industry Products Chapter

    Products of the industry are largely meat but also include by-products of the slaughtering process such as skins, wool and lard. Meat from livestock can be sold in many forms, including carcases and animal sections, as well as smaller cuts like steaks and chops. The majority of the animals processed by the industry are cattle, pigs or sheep. Operators process meat by slaughtering the animal, skinning it, cleaning it, preserving the carcase by adding salt, chilling or freezing it, and finally cutting it. Processors also sell by-products such as rendered fat and pulled wool.Beef and vealBeef and veal make up the industry's largest product segment, contributing an estimated 77.3% of industry revenue in the current year. Thi...purchase to read more.

    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

  • Establishment of export markets
  • Economies of scale
  • Must comply with required product standards
  • IBISWorld analysts also discuss how external factors such as Cattle slaughterings and Number of sheep slaughtered in the Meat Processing industry impact industry performance..

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    What's in this report

    What is the Meat Processing in Ireland Industry?

    Companies in the Meat Processing industry slaughter livestock to produce meat. Participants produce fresh, chilled or frozen meat as carcases and cuts, in addition to by-products like rendered lard, tallow and pulled wool. Operators also bone, preserve and pack meat. The industry excludes meats from non-mammal sources such as fish and poultry, and meat products such as sausages, bacon and pate.

    Industry Products
  • Beef and veal
  • Lamb and sheep
  • Pig meat
  • Industry Activities
  • Slaughtering animals
  • Producing cuts of beef
  • Producing cuts of lamb and mutton
  • Producing cuts of pork
  • Producing cuts of other red meats
  • Selling by-products from the slaughtering process
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Cattle slaughterings
  • Number of sheep slaughtered
  • Number of pigs slaughtered
  • Perceived health
  • Real personal consumption expenditure

  • Current Performance
    Cuts in pricesBeef warsConsolidation activity
  • Chart: Revenue Growth

  • Industry Outlook
    UK tradeTrade matters
  • 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
  • Supermarkets in Ireland
  • Restaurants and Takeaways in Ireland

  • Key Selling Industries
  • Raising of Animals in Ireland

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

  • Demand Determinants
    Major Markets
  • Exports
  • Supermarkets
  • Food manufacturers
  • Wholesalers
  • Other
  • 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
  • Profit
  • Purchases
  • Wages
  • Utilities
  • Other costs
  • 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
    Dawn Meats Group,
  • Table: Dawn Meats Group - 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 (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
    Bovine Spongiform Encephalopathy (Bse)
  • Also known as mad cow disease, this neurological illness infected cattle in the 1990s. Many more were slaughtered in the attempt to limit its spread.
  • Fifth-Quarter Products
  • Another way of referring to offal - the organs and body parts left behind once normal cuts of meat have been removed.
  • Tallow
  • A rendered form of beef or mutton fat.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Meat Processing in Ireland market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 in Ireland:
    • 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 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 in Ireland 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 in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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