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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Products Chapter

Sheep are raised for two products: meat (lamb or mutton) and wool. Product segments normally overlap because about three-fourths of all sheep and lambs are used to produce several coats of wool before being slaughtered for meat production. However, on average revenue from wool production accounts for less than 10.0% of total industry revenue, with the majority coming from livestock for slaughter. Furthermore, wool revenue has declined in recent years in the face of the competition from Australia and New Zealand, so US sheep farmers have increasingly turned their attention to lamb and mutton production. The US market for lamb and mutton has also weakened throughout the decades, with consumption dropping from nearly 5 pounds per capita in 1960s to about 1 pound today... 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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