Livestock Production Support Services in the US - Market Research Report (2013-2028)
New York, United States
Last Updated: May 2023
NAICS 11521Revenue
$5.1bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
83,636
Businesses
69,294
Wages
$X.Xbn
Livestock Production Support Services in the US industry analysis
Operators in the are primarily hired by livestock farms to perform support services, such as boarding horses, administering vaccinations and testing milk products. Demand for these services depends on the level of activity in downstream livestock industries and these markets' propensities to outsource support services to external companies. Rising per capita meat consumption has encouraged many livestock farmers to increase levels of production, while strong fed livestock prices have further aided growth in these downstream industries. Over the past five years, industry revenue has been falling at a CAGR of 1.1% and is expected to reach $5.1 billion in 2023, when revenue is projected to fall to 2.1%.In 2023, the industry is expected to contend with a difficult operating environment as a result of supply chain issues that have come in the wake of the COVID-19 pandemic, experiencing elevated feed prices. Prior to the pandemic, the livestock subsector was characterized by a period of oversupply, weak prices and rising levels of debt and federal insurance payments as a share of farm income. During the COVID-19 pandemic, downstream meat processing capacity was taken offline, which drove beef prices up at the retail level, but also diminished the slaughter rate and causing fed cattle prices to decline at the farm gate. This divergence caused industry performance to suffer in 2022, due to a decline in overall demand for industry services from livestock producers.Industry performance is expected to continue to decline in the coming years. While demand for boarding, farrier and breeding services from the Horse and Other Equine Production industry (IBISWorld report 11292) is set to increase, growing access to credit could allow livestock producers to make investments needed to bring support services in house. While improving economic conditions, namely an increase in per capita disposable income will benefit discretionary services offered by the industry, an improved credit environment could increase competition for the industry as a whole. As operators continue to compete based on price, industry profit is set to fall. Ultimately, industry revenue is expected to fall at a CAGR of 0.3% to reach $5.0 billion in 2028.
Trends and Insights
- The Livestock Production Support Services industry has seen declining revenue as livestock-producing industries have experienced weak performances in recent years.
- Boarding services account for the livestock production services industry’s largest product segment. Horses and other recreational animals account for the bulk of these services.
- The Southeast is home to the largest share of industry establishments. The region leads the country in terms of chicken and turkey production, along with a large proportion of egg production.
- Many potential livestock production service customers are able to conduct industry services in house. This has contributed to the industry’s decline.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 2.1 % over the past five years, to reach an estimated $5.1bn in 2023.
Trends and Insights
Livestock farms' and ranches' production has fallen
- Industry revenue is highly dependent on the performance of downstream livestock production industries.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Support services can be brought in-house
- While it is often cost-effective for small-scale livestock farmers to outsource support services to industry operators, some invest in the human and physical capital needed to conduct these services in-house.
Biggest companies in the Livestock Production Support Services in the US
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 | Profit ($short_0)
2023 | Profit Margin (%)
2023 |
|---|
There are no companies that hold a large enough market share in the Livestock Production Support Services in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Boarding services, Breeding services and Dairy support services. Boarding services is the largest segment of the Livestock Production Support Services in the US.
Trends and Insights
Boarding services are mostly for recreational animals
- This segment accounts from revenue from animal boarding services, which are mostly supplied to horses and other recreational animals.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Crop Services in the US
- Forest Support Services in the US
Complementors
- Beef Cattle Production in the US
- Hog & Pig Farming in the US
International industries
- Shearing, Cropping and Agricultural Support Services in Australia
- Shearing, Cropping and Agricultural Support Services in New Zealand
- Organic Livestock Farming in the UK
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Breeding servicesDairy support servicesBoarding servicesLivestock health servicesMiscellaneous servicesShearing servicesCompanies
Purchase this report to view all major companies in this industry.
Related Terms
TAGGINGGENETICALLY MODIFIED (GM)ORGANIC PRODUCTIONIndustry Code
NAICS 11521 - Livestock Production Support Services in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The Livestock Production Support Services industry has seen declining revenue as livestock-producing industries have experienced weak performances in recent years.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Boarding services account for the livestock production services industry’s largest product segment. Horses and other recreational animals account for the bulk of these servic...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Southeast is home to the largest share of industry establishments. The region leads the country in terms of chicken and turkey production, along with a large proportion o...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each state in 2023
- Number and share of revenue each state accounts for in 2023
- Number and share of wages each state accounts for in 2023
- Number and share of employees in each state in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Many potential livestock production service customers are able to conduct industry services in house. This has contributed to the industry’s decline.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The Livestock Production Support Services has no major companies. The industry is made up of several smaller players.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Livestock Production Support Services industry is regulated by several agencies. They include the FDA, the EPA and the USDA.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
As a service industry, wages are the industry’s largest cost. This is bolstered by the prevalence of nonemployers in the industry.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Industry Multiples (2016-2021)
- Industry Tax Structure (2016-2021)
- Income Statement (2016-2021)
- Balance Sheet (2016-2021)
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Livestock Production Support Services in the US industry in United States in 2024?
The market size of the Livestock Production Support Services in the US industry in United States is $5.1bn in 2024.
How many businesses are there in the Livestock Production Support Services in the US industry in 2023?
There are 69,294 businesses in the Livestock Production Support Services in the US industry in United States, which has grown at a CAGR of 2.0 % between 2018 and 2023.
Has the Livestock Production Support Services in the US industry in United States grown or declined over the past 5 years?
The market size of the Livestock Production Support Services in the US industry in United States has been declining at a CAGR of 2.1 % between 2018 and 2023.
What is the forecast growth of the Livestock Production Support Services in the US industry in United States over the next 5 years?
Over the next five years, the Livestock Production Support Services in the US industry in United States is expected to decline.
What does the Livestock Production Support Services in the US in United States include?
Breeding services and Dairy support services are part of the Livestock Production Support Services in the US industry.
How competitive is the Livestock Production Support Services in the US industry in United States?
The level of competition is high and increasing in the Livestock Production Support Services in the US industry in United States.
