Industry Analysis & Industry Trends
In the past several decades, marked changes in livestock production have paralleled shifts in farm animal feed formulation. Bolstered by spikes in feed prices and increasing demand from downstream farm supplies wholesalers, the Farm Animal Food Production industry's revenue has increased at an annualized rate of 3.7% to $31.7 billion during the past five years. Global population growth and expansion of developing economies have further boosted demand for meat, requiring greater supply of feeds to match growing production. Despite a decline in per capita meat consumption in the United States, demand for farm animal feed was maintained by downstream industries, such as dairy farms. Consequently, industry revenue is expected to rise another 1.5% during 2012.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Farm Animal Feed Production industry is expected to grow at a similar pace to the overall economy during the 10 years to 2017. The industry's contribution to the overall economy, as measured by the industry valued added (IVA), is projected to increase at an average annual rate of 1.3%. During the same period, GDP is expected to grow an average 1.8% annually. Therefore, the industry is in the mature state of its life cycle, characterized by a saturated market with little rood for product innovation.
Product segmentation and production technology also indicate the industry's developmental phase. Currently, the industry offers a stable and clearly segmented range of product groups and has undergone some product consolidation during the current period... purchase to read more