Industry Analysis & Industry Trends
The Animal Food Production industry depends on favorable conditions outside its control, such as weather patterns, disease incidence and consumer preferences. Despite these volatile conditions, growth is expected as global demand for meat increases in line with overall population growth, especially in developing countries. A rise in pet ownership and disposable income will further stimulate demand... purchase to read more
Industry Report - Industry Analysis Chapter
The Animal Food Production industry produces raw ingredients into food for livestock such as horses, cows, chicken and turkeys and household pets such as cats and dogs. During the past five years, increasing demand from farm supplies wholesalers for industry products propelled revenue. Also, pet owners increased demand for industry products as the number of American households owning a cat or dog reached its highest levels in 2012. Overall, industry revenue grew at an annualized rate of 1.8% to $56.5 billion through the five years to 2013; this includes expected growth of 4.0% from 2012 to 2013.
As the economy continues to recover in 2013, household disposable income is expected to grow in the United States and in emerging economies... purchase to read more