Meat product manufacturing market in the United Kingdom to grow 1.1% CAGR between 2014-19
Meat Product Manufacturing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-31 01:14:01
Over the five years through 2013-14, the Meat Product Manufacturing industry buckled under the effects of economic downturn and rising raw input prices.
While the industry´s products remained popular with UK consumers, the economic downturn had a strong negative impact on demand for high-value products, as many opted to trade down to cheaper alternatives. Industry operators were also affected by the impact of inflated raw meat prices, resulting from poor harvests and associated expensive animal feed. As the chief input for industry produce, this weighed on revenue and industry profitability. Consolidation has characterised the industry, with many firms uniting production efforts in order to compete for the most valuable supply contracts.
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