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Animal Food Production in the US
IBISWorld, July 2009, Pages: 41
This industry consists of establishments primarily engaged in manufacturing food and feed for animals from ingredients such as grains, oilseed mill products and meat products. 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.
Introduction
Animal Population Is Pet Topic for Demand
The propensity of households to keep pets is a significant driver of demand for the sale of animal food products. Solid growth in the population of pets is partly related to economic growth, as it becomes more affordable for people to own a pet. The increasing number of single person households, including young professionals, empty-nester divorcees, and the elderly, will see numbers increase, with many pets bought for companionship purposes.
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