NAICS 311611 - Animal (except Poultry) Slaughtering
This U.S. industry comprises establishments primarily engaged in slaughtering animals (except poultry and small game). Establishments that slaughter and prepare meats are included in this industry.
Industry trends:
The animal (except poultry) slaughtering industry (NAICS 311611) is currently experiencing several qualitative trends shaped by consumer preferences, technological advancements, and regulatory influences. One prominent trend is the increasing demand for transparency and traceability in meat production. Consumers are becoming more concerned about the origins of their food, leading companies to adopt blockchain and other tracking technologies to provide detailed information about their supply chains.
Additionally, there is a growing emphasis on sustainability and ethical practices. Producers are investing in sustainable farming practices, reducing water and energy consumption, and improving animal welfare standards to meet consumer expectations and regulatory requirements. These efforts are crucial as environmental concerns and ethical considerations play a larger role in purchasing decisions.
Technological innovation is also shaping the industry, with automation and robotics being integrated into slaughtering processes to enhance efficiency, safety, and hygiene. This trend is likely to continue as companies seek to optimize operations and minimize labor costs.
Looking forward, the industry is projected to see continued growth in demand for premium and organic meat products. Consumers' willingness to pay a premium for high-quality, ethically sourced products is driving producers to diversify their offerings. Additionally, the ongoing development of lab-grown meat could present both challenges and opportunities, potentially disrupting traditional meat production techniques.
In conclusion, the animal slaughtering industry is evolving towards greater transparency, sustainability, and technological integration, driven by consumer demands and regulatory pressures. These trends are expected to shape the industry significantly in the near future.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.