Animal Food Production in the US - Industry Research Report

Chow time: The continued depreciation of the US dollar will increase exports' share of revenue

Animal food producers manufacture food for animals such as livestock and pets. More people have become pet owners over the past five years, raising demand for industry products. Since the price of animal food is dependent on domestic grain supplies, animal feed costs and livestock prices, higher input prices have bolstered industry revenue. Since animal food producers contend with how necessary is food, demand is well-established and not subject to fluctuating spending habits. Revenue has climbed at a CAGR of 0.9% to $72.5 billion over the past five years. This includes a 0.5% rise in 2023 alone as high demand following COVID-19 continue to taper off. Industry profit will account for 4.8% of revenue in 2023.

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.