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

Farm Animal Feed Production in the US - Industry Market Research Report
  • Publish Date:May 2023

  • Number of Pages:45

  • Report ID:5103996

  • Format:PDF

  • Publisher:Ibisworld

$ 1095


Cheap cheap: Slowed demand for animal feed and falling feed prices have hurt revenue


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

Industry Definition
Main Activities
Similar Industries
Additional Resources


Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle



Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.