Livestock Production Support Services in the US
Demand for Livestock Production Support Services industry services, such as boarding horses, administering vaccinations and testing milk products, depends on the level of activity in downstream livestock industries, as well as these markets' propensities to outsource support services to external companies. While rising per capita meat consumption has encouraged many livestock farmers to increase levels of production over the past five years, overall demand for industry services has declined during the five-year period, largely due to a shift toward vertical integration among the industry's downstream markets. However, industry performance is expected to improve slightly over the five years to 2021 as demand for boarding, farrier and breeding services from the Horse and Other Equine Production industry (IBISWorld report 11292) increases.
This industry includes companies that mainly provide support services for raising livestock. Livestock is a term used to describe animals, such as cattle, goats, hogs, horses, poultry and sheep, which have been domestically raised for meat, milk, wool and work. Support services provided to livestock producers include breeding services, pedigree record services and vaccination. Activities related to aquaculture are excluded.
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.
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