Chow down: Revenue will rise due to increasing pet ownership and an increase in enterprises

The Animal Food Production industry has benefited from increased demand over the past five years, however import penetration has tempered revenue growth. Growth in global meat consumption and herd numbers, such as beef, pork and poultry produced modest revenue growth during this period, as meat producers demanded more livestock feed. Additionally, the number of American households that own a cat or dog is steadily increasing, which has caused a subsequent increase in demand for pet food, supporting industry revenue growth. Overall, IBISWorld expects industry revenue to grow over the five years to 2017. Industry revenue growth is expected to grow moderately over the next five years. Expected increases in disposable income and pet ownership will positively drive demand for pet food...purchase to read more.

Industry Statistics & Market Size
Revenue
$64bn
Annual Growth 12-17
0.3%
Forecast Growth 17-22
Profit
Employment
52,814
Businesses
3,757

Industry Threats & Opportunities

  • This rise in pet owners increased demand for pet foods, bolstering revenue
  • Shifting attitudes in pet ownership have helped drive demand for industry products
  • Nutritional claims about pet foods are mirroring those of human foods
  • Industry Report - Industry Analysis Chapter

    The Animal Food Production industry uses processed raw ingredients to produce feed for livestock, such as horses, cows, chicken, turkeys, and household pets, like cats and dogs. Steady downstream demand from both farm supply wholesalers and dog and cat owners helped industry revenue increase over the past five years. Moreover, rising profitability has signaled new entry into the industry. Overall, over the five years to 2017, favorable economic conditions have helped the industry grow an annualized 0.3% to reach $63.7 billion, which includes a small spike in revenue of 0.2% in 2017 alone.Pet food purchases drive demandPet food purchases have been integral to the industry’s success over the past five years. Pur...purchase to read more.

    Additional Insights for the Animal Food Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Animal Food Production Industry are

  • Access to high-quality inputs
  • Ability to adapt to changing regulations
  • Production of premium goods and services
  • IBISWorld analysts also discuss how external factors such as Number of pets (cats and dogs) and Price of corn in the Animal Food Production industry impact industry performance..

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    What's in this report

    What is the Animal Food Production Industry?

    Operators in this industry produce food for animals such as livestock and pets by processing raw ingredients. The products are then packaged and sold to cattle ranches, dairy farms, other animal production farms, grocery wholesalers and retailers.

    Industry Products
  • Dog food
  • Cat food
  • Poultry feeds
  • Cattle feeds
  • Pig feeds
  • Other animal foods
  • Industry Activities
  • Prepared animal feed production
  • Canned animal food production
  • Bird feed production
  • Cattle lick production
  • Chaff production
  • Crushed grain production
  • Dog biscuit production
  • Grain offal production
  • Canned pet food production
  • Prepared poultry feed production
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of pets (cats and dogs)
  • Price of corn
  • Per capita disposable income
  • Price of oilseeds
  • Trade-weighted index

  • Current Performance
  • Pet food purchases drive demand
  • Falling input prices
  • Bucking the trend
  • Chart: Revenue Growth

  • Industry Outlook
  • Pet food products
  • Favorable trade dynamics
  • Profit and price
  • Table: Animal Food Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Animal Food Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Livestock Ranching & Farming
  • Grocery Wholesaling
  • Farm Supplies Wholesaling
  • Supermarkets & Grocery Stores
  • Pet Stores

  • Key Selling Industries
  • Corn Farming
  • Corn, Wheat & Soybean Wholesaling
  • Flour Milling
  • Oilseed Farming
  • Soybean Farming
  • Vegetable Farming
  • Wheat, Barley & Sorghum Farming

  • Products & Services
  • Dog food
  • Poultry feeds
  • Cat food
  • Pig feeds
  • Cattle feeds
  • Other animal foods
  • Chart: Animal Food Production Industry Products and Services Segmentation

  • Demand Determinants
  • Livestock numbers
  • Farming intensity
  • Changing dietary trends
  • Pet ownership

  • Major Markets
  • Farm supplies wholesalers
  • General line and supermarket wholesalers
  • Pet stores
  • Exports
  • Other
  • Chart: Major Market Segmentation for the Animal Food Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Animal Food Production

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Animal Food Production Industry

  • Industry Globalization
    Cargill Inc., Mars Inc., Nestle SA,
  • Table: Cargill Inc. - financial performance
  • Table: Mars Inc. - financial performance
  • Table: Nestle SA - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Animal Food Production 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 Animal Food Production Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Agricultural Price Index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Biofuel
  • A type of fuel whose energy is derived from biological carbon fixation.
  • Ethanol
  • A form of alcohol used as a fuel that is made primarily from grains such as corn and soybeans. It is considered to be a renewable fuel with fewer pollutants than gasoline.
  • Probiotic
  • A live microorganism thought to be healthy for the host organism.
  • What Our Customers Say

    Why buy this report?

    The Animal Food Production industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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 Animal Food Production:
    • 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 Animal Food Production 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 Animal Food Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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