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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 | Apr 2015

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

IBISWorld’s Hog & Pig Farming market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$24bn
Annual Growth 10-15
6.3%
Annual Growth 15-20
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Profit
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Employment
126,036
Businesses
35,779
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. As demand for pork remains steady and the price of feed decreases, the industry is expected to continue growing during the next five years. Moderate feed prices will allow hog and pig farms to reduce their operating costs, earn higher profit margins and subsequently continue expanding their operations. Additionally, the price of red meat, which includes pork, is expected to remain at historic highs through 2020. With some products, high prices tend to decrease demand... 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 2020. In comparison, the US GDP is forecast to grow 2.5% 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 was depressed in 2010 as the industry recovered from the H1N1 scare. In general, the industry's IVA grows in line with the health of the economy.

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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