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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 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
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
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Profit
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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 Key Buyers Chapter

As noted elsewhere, the US Sheep Farming industry consists of many small farms. Collectively, the industry's largest two players generate less than 5.0% of total industry revenue, and no single producer accounts for a significant proportion of the total sheep and lamb inventory. According to the US Census Bureau, of the roughly 3,000 corporate sheep farms operating in the United States, nearly all of them are family-owned with 10 or fewer stockholders. By and large, the remaining sheep farms are individually owned and operated for supplemental retirement income, on a hobby or part-time basis, or as a side business to other farming activities... 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)


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