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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 | Oct 2015

Black sheep: Sheep farmers will struggle from low demand for lamb and wool products

IBISWorld’s Sheep Farming market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$436m
Annual Growth 10-15
-3.8%
Annual Growth 15-20
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Profit
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Employment
140,384
Businesses
71,686
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 - Starting a New Business Chapter

Overall, there are few barriers to entry into sheep farming. Generally, all inputs (land, animals and related equipment) are available, producers can usually shift between agricultural activities, and there are often a number of existing farms available for sale. Still, two possible barriers include capital investment requirements and problems securing finance.

Establishing sheep farming operations requires considerable investment. New industry participants need to purchase land, sheep, fencing materials and machinery, such as trucks and trailers. In addition, farmers need to construct separating pens and sheds for shearing, mulesing, hoof trimming and other herd maintenance activities. For existing producers of other livestock, establishment costs are significantly lower... 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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