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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 | Jun 2014

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

IBISWorld’s Hog & Pig Farming market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$23bn
Annual Growth 09-14
10.6%
Annual Growth 14-19
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Profit
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Employment
129,004
Businesses
37,000
Industry Analysis & Industry Trends

This little pig stayed home

High oil and feed prices and internal and external competition have been hampering the industry over the past five years. Unfortunately, even with economic recovery on the horizon, the industry will continue to decline. Corn's strong ties to oil and the volatility that can arise from such a link will continue to keep industry firms chasing profit instead of making it. Also, competition from other meat sources in light of perceived health issues will hinder pork's popularity... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Three main factors suggest that the Hog and Pig Farming industry has entered the mature phase of its life cycle. The first is overall growth in industry value added (IVA). IBISWorld forecasts that IVA will rise 6.6% per year over the 10 years to the end of 2019. In comparison, the US GDP is forecast to grow 2.5% per year over the same period. As IVA in 2009 was at a 10 year low, its 10 year growth rate is artificially high; generally, IVA for the industry falls largely in line with the economy.

The second reason is that opportunities to introduce new products into the industry are very limited. In livestock-based industries, new product development usually occurs downstream, where processors introduce new meat cuts... 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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