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 in the past five years as textile producers increasingly chose synthetic fibers over wool. In the coming years, sheep farmers are anticipated to continue struggling from low demand for lamb, mutton and wool products. While sheep farmers have the potential to grow in niche markets, including immigrant populations in the United States and local food movements, overall demand for industry meat products is expected to continue declining... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Sheep Farming industry displays decline characteristics through market saturation, falling revenue and decreasing demand for its products. The industry's contribution to the overall US economy, measured by industry value-added (IVA), is forecast to decrease at an annualized rate of 0.3% during the 10 years to 2020. By contrast, US GDP growth is forecast to expand at an average of 2.2% per year during the same period.
Both of the industry's major products, meat and wool, have experienced decreasing demand for the past decade. Demand for lamb and mutton has been decreasing as consumers increasingly favor cheaper beef, pork and poultry products. Demand for wool has fallen as textile producers choose low-cost synthetic fabrics over wool... purchase to read more