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.
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.
Abattoirs
Animal fats (except poultry and small game) produced in slaughtering plants
Bacon, slab and sliced, produced in slaughtering plants
Beef carcasses, half carcasses, primal and sub-primal cuts, produced in slaughtering plants
Beef produced in slaughtering plants
Boxed beef produced in slaughtering plants
Boxed meats produced in slaughtering plants
Canned meats (except poultry) produced in slaughtering plants
Cured hides and skins produced in slaughtering plants
Custom slaughtering
Fats, animal (except poultry, small game), produced in slaughtering plants
Hams (except poultry) produced in slaughtering plants
Hides and skins produced in slaughtering plants
Horsemeat produced in slaughtering plants
Hot dogs (except poultry) produced in slaughtering plants
Inedible products (e.g., hides, skins, pulled wool, wool grease) produced in slaughtering plants
Lamb carcasses, half carcasses, primal and sub-primal cuts, produced in slaughtering plants
Lard produced in slaughtering plants
Luncheon meat (except poultry) produced in slaughtering plants
Meat canning (except poultry) produced in slaughtering plants
Meats fresh, chilled or frozen (except poultry and small game), produced in slaughtering plants
Meats, cured or smoked, produced in slaughtering plants
Pork carcasses, half carcasses, and primal and sub-primal cuts produced in slaughtering plants
Sausage casings, natural, produced in slaughtering plant
Slaughtering, custom
Tallow produced in a slaughtering plant
Variety meats, edible organs, made in slaughtering plants
Veal carcasses, half carcasses, primal and sub-primal cuts, produced in slaughtering plants
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
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.
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.