Sheep Farming in the US
The Sheep Farming industry has been in overall decline over the five years to 2018, as per capita consumption of lamb and mutton has steadily shrunk and herd production numbers have dwindled. In addition to mild demand for industry meat products, domestic wool production has declined over the past five years as textile producers increasingly chose synthetic fibers over wool. Investment in streamlining sheep farming practices is unlikely to occur over the five years to 2023, as low demand and the uncertainty of returns often deter most potential investors. Sheep farmers are anticipated to continue struggling from low demand for lamb, mutton and wool products. While sheep farmers have the potential to grow in niche markets, including immigrant populations in the United States and local food movements, overall demand for industry meat products is expected to continue stagnating.
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 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.
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