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Farm Animal Feed Production in the US - Industry Market Research Report

Publisher IBISWorld
Published Oct 12, 2024
Length 83 Pages
SKU # IBSS19340691

Description

Farm Animal Feed Production in the US - Industry Market Research Report


Farm Animal Feed Production in the US

Farm animal feed producers have enjoyed soaring revenue over the past five years, though revenue has begun to taper off from its peak in 2022. A major drought across the continental US severely cut crop yields in 2020 and 2021, pushing feed costs to historic highs, which forced feed manufacturers to up prices to preserve profitability. Imports skyrocketed in 2021 to supplement domestic production but have remained minuscule as a share of domestic demand. Overall meat consumption has continued to expand, despite slumps in beef consumption. Thanks to the industry's ability to pass on most heightened input costs to downstream industries, industry-wide revenue has been growing at a CAGR of 2.9% over the past five years and is expected to total $46.4 billion in 2023, when revenue will sink by an estimated 2.3%.

This industry includes animal feed manufacturers that make food for livestock. Producers use remnants of flour milling, sugar production and other food processing as ingredient inputs to animal feed.

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

83 Pages
TABLE OF CONTENTS

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

Pricing

Currency Rates
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