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Hog & Pig Farming in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hog & Pig Farming Market Research Report | NAICS 11221 | Mar 2016

Pigs fly: Profit and revenue return to healthy levels as downstream demand remains high

IBISWorld’s Hog & Pig Farming market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$29bn
Annual Growth 11-16
4.6%
Annual Growth 16-21
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Profit
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Employment
55,206
Businesses
22,718
Industry Analysis & Industry Trends

Over the past five years, the Hog and Pig Farming industry has worked itself out of a dirty corner. The industry grew strongly as demand for pork products resurged, evidenced by double-digit growth in processed meat exports and higher prices for farmers. But revenue will decline in the five years to 2021 alongside the price of red meat... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Hog and Pig Farming industry is in the mature phase of its life cycle. The industry's value added (IVA), which measures the industry's contribution to the overall economy, is projected to grow by an annualized 7.0% in the 10 years to 2021. In comparison, the US GDP is forecast to grow 2.3% per year over the same period. While such a high IVA growth rate is often indicative of a growing industry, the Hog and Pig Farming's IVA growth rate is artificially high. IVA grew drastically after dipping in 2009 as a result of the H1N1 outbreak.

The second reason that the industry is best categorized as being mature is that opportunities to introduce new products into the industry are very limited... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hog & Pig Farming Industry?

Establishments in this industry farm hogs and pigs in operations that include breeding, farrowing, weaning and raising feeder pigs or market-size hogs. The term "pig" usually refers to the domestic mammal when it is young or small, while "hog" is the name typically given to domesticated pigs that weigh more than 120 pounds. While hog feedlots are included in the industry, the transportation of the livestock is excluded.

Industry Products
Market hogsFeeder pigsCull stockBreeding stock
 
Industry Activities
Farrow-to-finish operationsFeeder pig farmingHog feedlots (except stockyards for transportation)Hog and pig farms (including breeding, farrowing, nursery and finishing activities)Weaning pig operations


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