Black sheep: Growth will remain stagnant as demand for lamb products falls and global competition rises
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.
Industry Statistics & Market Size
Annual Growth 08-13
Annual Growth 13-18
Industry Analysis & Industry Trends
While the growing ethnic demographic will boost demand for lamb, the industry will remain fairly stagnant over the next five years. Domestic operators will likely benefit from the depreciated US dollar, but even this factor will not create significant growth. Wool production and revenue will diminish over the five years to 2016, further diminishing industry demand. Additionally, the threat of disease will impede sheep farmers, despite an opportunity for profits to grow... purchase to read more
Industry Report - Industry Locations Chapter
Sheep farming industry generally operates in locations with the most favorable markets and environmental conditions. Factors influencing the location of farms include proximity to water supplies, good pastures and downstream markets. Farmers also locate in areas that accommodate other livestock and field production purposes, because industry enterprises often exist alongside other forms of agricultural production. The majority of the largest sheep ranches are located in the Western states due to the availability of large areas of land for grazing, as well as proximity to major grain growing regions, which offer sheep farmers a close supply of feed inputs. In contrast, the Eastern states tend to support smaller flocks... purchase to read more
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.
Breeding ewesMarket lambs and sheepReplacement lambsBreeding rams
Sheep farming (e.g. for meat, milk and wool production or herd replacements)Lamb feedlots (except stockyards for transportation)