Sheep Farming in the US
The Sheep Farming industry has been in decline for the past decade, as per capita consumption of lamb and mutton has steadily shrunk. . In addition to mild demand for industry meat products, domestic wool production has declined in the past five years as textile producers increasingly chose synthetic fibers over wool. As a result, industry revenue is anticipated to decrease over the five years to 2016. Over the next five years, sheep farmers are anticipated to continue struggling from low demand for lamb, mutton and wool products.
Sheep farmers primarily raise or fatten sheep and lambs for their wool, meat, milk or sale to other farmers. Meat derived from these animals is separated into two categories: lamb and mutton. Lamb is used to define meat from sheep less than one year old, while mutton refers to meat from sheep more than one year old.
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.