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 | Oct 2015

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

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
$436m
Annual Growth 10-15
-3.8%
Annual Growth 15-20
Add to Cart
Profit
Add to Cart
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 - 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 2015, 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