Sheep Farming in the US - Industry Market Research Report

Sheep Farming in the US - Industry Market Research Report

  • August 2021 •
  • 41 pages •
  • Report ID: 167856 •
  • Format: PDF
Fleeced prices: A weak overall Agriculture sector is expected to dampen industry revenue growth

Abstract

Sheep Farming in the US
The Sheep Farming industry has been harmed by the rise and price-competitiveness of synthetic fibers. Whereas sheep used to be shorn for wool to make textiles, today wool is uncompetitive with synthetic fibers. As a result of rising consumption, predominantly from ethnic and religious communities in the United States, industry revenue has risen. the industry lacks major players with significant market share. Investment in streamlining sheep farming practices is unlikely to occur over the five years to 2024, as low demand and the uncertainty of returns often deter most potential investors. Over the next five years, sheep farmers are anticipated to continue struggling from low demand for lamb, mutton and wool products. While sheep farmers have the potential to grow in niche markets, including immigrant populations in the United States and local food movements, overall demand for industry meat products is expected stagnate.

Sheep farmers primarily raise or fatten sheep and lambs for their wool, meat, milk or sell to other farmers. Meat derived from these animals is separated into two categories, which include lamb and mutton. Lamb is meat from sheep less than one year old, while mutton refers to meat from sheep more than one year old.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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