The sector has a major impact on regional economy spend and rural economic activity. In many of the rural areas where processing facilities have been established, the meat processing plant is often the largest local employer. Rural towns do not benefit significantly from other Foreign Direct Investment and therefore are heavily dependent on these meat processing facilities and the employment and services generated by them.
The current Food Wise 2025 strategy has set ambitious growth targets for the Agi-Food sector with the aim of increasing export value to €19bn by 2025. Within the meat sector, the potential exists to further scale up activity and the industry itself has an overall ambition to grow exports by in excess of €1bn delivering new revenues and jobs through farming and value-added processing and in the wider economy.
Significant investment has been made by all Meat Industry Ireland (MII) members to upgrade processing facilities and ensure that companies are in a position to compete not just on a European scale, but also increasingly on a global scale. By 2050, the global population is expected to reach 9 billion - the planet will need 70% more food, with less land, water and energy while also reducing greenhouse gas emissions. Given Ireland's grass-based production systems, Irish producers are well poised to take advantage of this population growth over the coming years.