Good eats: Rising input prices will likely increase purchase costs, placing pressure on industry profit
Animal Food Production in the US The Animal Food Production industry has declined modestly over the five years to 2019. Industry revenue has been supported by several positive trends over the past five years, including increased pet ownership, although declines in the price of key inputs have served to inhibit revenue expansion. Overall conditions are expected to be favorable over the five years to 2024. Trade conditions are expected to flourish due to an anticipated decline in the value of the dollar, which is expected to boost export revenue while simultaneously tempering import penetration. Conversely, as the agricultural price index is expected to rebound, the prices of corn and meat are expected to increase moderately over the five years to 2024, supporting revenue growth.
Operators in the Animal Food Production 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.
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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