Table of Contents
Chow down: Revenue will rise due to increasing pet ownership and an increase in enterprises
Animal Food Production in the US
The Animal Food Production industry has benefited from increased demand over the past five years, however import penetration has tempered revenue growth. Growth in global meat consumption and herd numbers, such as beef, pork and poultry produced modest revenue growth during this period, as meat producers demanded more livestock feed. Additionally, the number of American households that own a cat or dog is steadily increasing, which has caused a subsequent increase in demand for pet food, supporting industry revenue growth. Overall, IBISWorld expects industry revenue to grow over the five years to 2016. Industry revenue growth is expected to grow moderately over the next five years. Expected increases in disposable income and pet ownership will positively drive demand for pet food. However, the appreciation of the US dollar will reduce exports over the five-year period. Stagnant feed prices will offset gains from greater pet food sales, leading the industry to experience little growth over the next five years. Consequently, industry revenue is forecast to increase over the five-year period.
Operators in this 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.
Livestock Production Support Services in the US
Flour Milling in the US
Corn, Wheat & Soybean Wholesaling in the US
Prepared Animal and Bird Feed Manufacturing in Australia
Get Industry Insights. Simply.
Talk to Veronica
+1 718 514 2762
Global Popcorn (Savory Snacks) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics Summary "Global Popcorn (Savory Snacks) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics" ...
Global Soymilk & Soy Drinks (Dairy & Soy Food) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics Summary "Global Soymilk & Soy Drinks (Dairy & Soy Food) Market - Outlook to 2020: Market ...
Popcorn (Savory Snacks) Market in Europe - Outlook to 2020: Market Size, Growth and Forecast Analytics Summary "Popcorn (Savory Snacks) Market in Europe - Outlook to 2020: Market Size, Growth and Forecast ...