During the five years to 2014, the Animal Food Production industry benefited from increased demand. Growth in global meat consumption and herd stocks produced modest revenue gains during this period, as meat producers consequently demanded more livestock feed. Additionally, the number of American households that owned a cat or dog increased, boosting demand for industry products and driving up revenue growth. In the five years to 2019, the industry will continue to benefit from the ongoing economic recovery in the United States. Consequently, demand for pet food is anticipated to rise, while strong economic growth in large emerging countries is expected to benefit demand as well.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.