Sheep Farming in the US - Industry Market Research Report

Sheep Farming in the US - Industry Market Research Report

Sheep Farming in the US

Sheep farmers have enjoyed growth over the current period. Rising red meat prices, which have stemmed from rising demand in downstream industries like slaughterhouses, have led to price-based gains for sheep farmers. Industry-wide revenue has been climbing at a CAGR of 1.6% over the past five years and is expected to total $802.8 million in 2023, when revenue will decrease by an estimated 0.5%.

Sheep farmers primarily raise or fatten sheep and lambs for their wool, meat, milk or sell to other farmers. Meat derived from these animals is separated into two categories, which include lamb and mutton. Lamb is meat from sheep less than one year old, while mutton refers to meat from sheep more than one year old.

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.