SEARCH   
MEMBER LOGIN    

Sheep Farming in the US: Market Research Report

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

Sheep Farming Market Research Report | NAICS 11241 | Sep 2014

Black sheep: Growth will remain stagnant as demand for lamb products falls and global competition rises

IBISWorld’s Sheep 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
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$459m
Annual Growth 09-14
-2.5%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
Employment
137,414
Businesses
70,329
Industry Analysis & Industry Trends

The Sheep Farming industry has been in decline for the past decade, as per capita consumption of lamb and mutton has been steadily shrinking. In addition to meek demand for industry meat products, domestic wool production has declined as textile producers increasingly chose synthetic fibers over wool. Sheep farmers are anticipated to continue struggling from low demand in the next five-year period... purchase to read more

Industry Report - Industry Analysis Chapter

The Sheep Farming industry has been shrinking since 1940, when US sheep and lamb numbered about 56.0 million. Flock sizes and farm numbers are declining due to low domestic demand for lamb and mutton, while competition from other fibers limits revenue from wool production. As demand for industry products has decreased, domestic production has steadily declined. From 2012 to 2013, the sheep and lamb inventory in the United States decreased 1.0%; in 2014, the sheep and lamb inventory is anticipated to decline another 2.0%, to total 5.2 million head. Along the same lines, shorn wool production decreased 1.0% in 2014, while the price of shorn wool fell 6.0%, to an average price of $1.45 per pound... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Sheep Farming Industry?

Sheep farmers primarily raise or fatten sheep and lambs for their wool, meat, milk or sale to other farmers. Meat derived from these animals is separated into two categories: lamb and mutton. Lamb is used to define meat from sheep less than one year old, while mutton refers to meat from sheep more than one year old.

Industry Products
Breeding ewesMarket lambs and sheepReplacement lambsBreeding rams
 
Industry Activities
Sheep farming (e.g. for meat, milk and wool production or herd replacements)Lamb feedlots (except stockyards for transportation)


View Sample
Quote
Select Clients