Taking stock: Economic recovery and growth in farm prices will drive demand for support services

While rising per capita meat consumption has encouraged many livestock farmers to increase levels of production over the past five years, overall demand for the Livestock Production Support Services industry's offerings has declined, largely due to a shift toward vertical integration among the industry's downstream markets. As consumer demand for meat products increases, livestock farmers are encouraged to expand their herds, generating demand for industry services such as animal spraying and vaccinations. However, this increase in demand for livestock has not yielded a similar increase in industry revenue, as improved access to credit, loans and overdrafts has caused many small-scale farmers to invest in the tools and infrastructure needed to conduct industry services in-house...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 12-17
-0.8%
Forecast Growth 17-22
Profit
Employment
63,153
Businesses
49,088
Market Share of Companies
There are no companies with a dominant market share in this industry
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Industry Threats & Opportunities

  • Levels of meat consumption and disposable income are projected to grow consistently, boosting demand for industry services
  • Loans, credit and overdrafts have become increasingly accessible to farmers
  • Industry growth will be limited by an increase in the price of feed
  • Industry Report - Industry Analysis Chapter

    The Livestock Production Support Services industry provides a variety of services to downstream livestock production industries, including breeding services, vaccinations and dairy testing services. Consequently, industry revenue is highly dependent on the performance of downstream livestock production industries. Over the past five years, production figures for various livestock producing industries have increased in line with rising levels of per capita meat consumption and per capita disposable income. However, this growth has not been passed on to support service providers, as many livestock farmers have begun conducting their own livestock support services internally instead of outsourcing services to industry operators. Mor...purchase to read more.

    Additional Insights for the Livestock Production Support Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Livestock Production Support Services Industry are

  • A good reputation
  • Locating near key markets
  • After-sales service
  • IBISWorld analysts also discuss how external factors such as Access to credit and Demand from horse and other equine production in the Livestock Production Support Services industry impact industry performance..

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    What is the Livestock Production Support Services Industry?

    This industry includes companies that mainly provide support services for raising livestock. Livestock is a term used to describe animals, such as cattle, goats, hogs, horses, poultry and sheep, which have been domestically raised for meat, milk, wool and work. Support services provided to livestock producers include breeding services, pedigree record services and vaccination. Activities related to aquaculture are excluded.

    Industry Products
  • Boarding services
  • Breeding services
  • Dairy support services
  • Livestock health services
  • Farrier services
  • Miscellaneous services
  • Shearing services
  • Spraying services
  • Industry Activities
  • Breeding services
  • Dairy support services
  • Boarding services
  • Livestock health services
  • Miscellaneous services
  • Shearing services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Access to credit
  • Demand from horse and other equine production
  • Per capita meat consumption
  • Per capita disposable income
  • Price of feed
  • Threat of disease in livestock

  • Current Performance
  • Demand for livestock and horses
  • Investments and outsourcing
  • Profit and industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand from downstream markets
  • Bringing services in-house
  • People, participation and profit
  • Table: Livestock Production Support Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Livestock Production Support Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Beef Cattle Production
  • Dairy Farms
  • Hog & Pig Farming
  • Chicken Egg Production
  • Sheep Farming
  • Horse & Other Equine Production
  • Chicken & Turkey Meat Production

  • Key Selling Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Chemical Wholesaling
  • Farm, Lawn & Garden Equipment Wholesaling
  • Tractors & Agricultural Machinery Manufacturing

  • Products & Services
  • Boarding services
  • Dairy support services
  • Breeding services
  • Farrier services
  • Livestock health services
  • Miscellaneous services
  • Spraying services
  • Shearing services
  • Chart: Livestock Production Support Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Beef cattle farms
  • Horse owners
  • Poultry and egg farms
  • Dairy farms
  • Hog and pig farms
  • Sheep farms
  • Chart: Major Market Segmentation for the Livestock Production Support Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesDepreciation, marketing, rent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Livestock Production Support Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Livestock Production Support Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Livestock Production Support Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Livestock Production Support Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita meat consumption (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Genetically Modified (Gm)
  • Plants and animals that have had their genome modified through genetic engineering techniques involving the transfer of genetic material from one organism to another.
  • Organic Production
  • Farming that does not involve the use of artificial chemicals, pesticides, fertilizers or genetically modified organisms.
  • Tagging
  • The placement of plastic tags that carry electronic chips onto an animal for tracking and data collection purposes.
  • Why buy this report?

    The Livestock Production Support Services industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Livestock Production Support Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Livestock Production Support Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Livestock Production Support Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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