SIC 2011 - Meat Packing Plants
Establishments primarily engaged in the slaughtering, for their own account or on a contract basis for the trade, of cattle, hogs, sheep, lambs, and calves for meat to be sold or to be used on the same premises in canning, cooking, curing, and freezing, and in making sausage, lard, and other products. Also included in this industry are establishments primarily engaged in slaughtering horses for human consumption. Establishments primarily engaged in slaughtering, dressing, and packing poultry, rabbits, and other small game are classified in Industry 2015; and those primarily engaged in slaughtering and processing animals not for human consumption are classified in Industry 2048. Establishments primarily engaged in manufacturing sausages and meat specialties from purchased meats are classified in Industry 2013; and establishments primarily engaged in canning meat for baby food are classified in Industry 2032.
Industry trends:
The Meat Packing Plants industry, categorized under NAICS 2011, has been experiencing several qualitative trends driven by shifts in consumer preferences, technological advancements, and regulatory changes. Key trends include a growing demand for plant-based and alternative protein sources as consumers become more health-conscious and environmentally aware. This shift is prompting traditional meat packing plants to diversify their product lines and invest in the production of meat substitutes.
Additionally, there is a heightened emphasis on sustainability and ethical sourcing within the industry. Companies are increasingly adopting sustainable practices, such as reducing greenhouse gas emissions, optimizing water and energy use, and ensuring animal welfare standards are met. This movement towards sustainability is not only driven by regulatory pressures but also by consumer demand for transparency and ethical practices.
Technological advancements are playing a crucial role in transforming meat packing operations. The adoption of automation and smart technologies, such as AI and IoT, is enabling more efficient processing, quality control, and traceability throughout the supply chain. These innovations help in improving productivity, reducing labor costs, and enhancing food safety.
Looking to the near future, the industry is expected to continue its focus on diversifying product offerings to include more plant-based and lab-grown meat alternatives. Regulatory landscapes may also evolve to address environmental and health concerns, which could bring about stricter compliance requirements. Companies that effectively integrate sustainability, technological innovations, and diversified product lines are likely to remain competitive and meet the changing demands of consumers and regulators alike.
This industry is comprised of:
Bacon, slab and sliced-mitse
Beef-mitse
Blood meal
Boxed beef-mitse
Canned meats, except baby foods and animal feeds-mitse
Corned beef-mitse
Cured meats-mitse
Dried meats-mitse
Frankfurters, except poultry-mitse
Hams, except poultry-mitse
Hides and skins, cured or uncured
Horsemeat for human consumption-mitse
Lamb�mitse
Lard-mitse
Luncheon meat, except poultry-mitse
Meat extracts-mitse
Meat packing plants
Meat-mitse
Mutton-mitse
Pork-mitse
Sausages-mitse
Slaughtering plants: except animals not for human consumption
Variety meats edible organs-mitse
Veal-mitse
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.