Animal Food Production in the US - Industry Market Research Report
Description
Animal Food Production in the US
Animal food producers manufacture food for animals such as livestock and pets. More people have become pet owners over the past five years, raising demand for industry products. Since the price of animal food is dependent on domestic grain supplies, animal feed costs and livestock prices, higher input prices have bolstered industry revenue. Since animal food producers contend with how necessary is food, demand is well-established and not subject to fluctuating spending habits. Revenue has climbed at a CAGR of 0.9% to $72.5 billion over the past five years. This includes a 0.5% rise in 2023 alone as high demand following COVID-19 continue to taper off. Industry profit will account for 4.8% of revenue in 2023.
Operators in the Animal Food Production industry produce food for animals such as livestock and pets by processing raw ingredients. The products are then packaged and sold to cattle ranches, dairy farms, other animal production farms, grocery wholesalers and retailers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Animal food producers manufacture food for animals such as livestock and pets. More people have become pet owners over the past five years, raising demand for industry products. Since the price of animal food is dependent on domestic grain supplies, animal feed costs and livestock prices, higher input prices have bolstered industry revenue. Since animal food producers contend with how necessary is food, demand is well-established and not subject to fluctuating spending habits. Revenue has climbed at a CAGR of 0.9% to $72.5 billion over the past five years. This includes a 0.5% rise in 2023 alone as high demand following COVID-19 continue to taper off. Industry profit will account for 4.8% of revenue in 2023.
Operators in the Animal Food Production industry produce food for animals such as livestock and pets by processing raw ingredients. The products are then packaged and sold to cattle ranches, dairy farms, other animal production farms, grocery wholesalers and retailers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
47 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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