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