Livestock Production Support Services in the US - Industry Market Research Report

Livestock Production Support Services in the US - Industry Market Research Report

Livestock Production Support Services in the US

Operators in the are primarily hired by livestock farms to perform support services, such as boarding horses, administering vaccinations and testing milk products. Demand for these services depends on the level of activity in downstream livestock industries and these markets' propensities to outsource support services to external companies. Rising per capita meat consumption has encouraged many livestock farmers to increase levels of production, while strong fed livestock prices have further aided growth in these downstream industries. Over the past five years, industry revenue has been falling at a CAGR of 1.1% and is expected to reach $5.1 billion in 2023, when revenue is projected to fall to 2.1%.

This industry includes companies that mainly provide support services for raising livestock. Livestock is a term used to describe animals, such as cattle, goats, hogs, horses, poultry and sheep, which have been domestically raised for meat, milk, wool and work. Support services provided to livestock producers include breeding services, pedigree record services and vaccination. Activities related to aquaculture are excluded.

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.