$79.3bn
$X.Xbn
58,327
1,242
$X.Xbn
Farm animal feed producers enjoyed sustained sales growth until 2022. However, as feed producers generated perpetually greater growth, upstream suppliers suffered. A major drought across the continental US severely cut crop yields in 2020 and 2021, pushing domestic feed costs to historic highs and forcing feed manufacturers to increase prices to preserve already slim profits. Imports surged for a time, supplementing domestic production, but import values have slowed and they remain a minuscule share of domestic demand. While beef consumption is down, sales to beef cattle producers remained robust until recent years. Plus, poultry consumption is higher than ever. As a result, revenue has been climbing at a CAGR of 3.1% over the past five years but is expected to dip 0.8% in 2024 to total $79.3 billion.
Industry revenue has grown at a CAGR of 3.1 % over the past five years, to reach an estimated $79.3bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Purina Mills Inc. | 3,898.0 | 101.5 | 2.6 | |
Cargill, Incorporated | 2,806.0 | 66.2 | 2.4 | |
Chs Inc. | 1,686.0 | 43.9 | 2.6 |
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Industry revenue is measured across several distinct product and services lines, including Dairy and beef cattle feed, Poultry feed and Swine feed. Dairy and beef cattle feed is the largest segment of the Farm Animal Feed Production in the US.
The popularity of chicken and turkey keeps poultry feed sales high
This industry includes animal feed manufacturers that make food for livestock. Producers use remnants of flour milling, sugar production and other food processing as ingredient inputs to animal feed. This industry excludes production of animal feed for household pets, like dogs and cats.
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NAICS 31111 - Farm Animal Feed Production in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Feed prices drove recent sales growth. Higher feed costs led to increased prices, temporarily boosting revenue through 2022. This strategy helped buoy greater profit loss ami...
Learn about an industry's products and services, markets and trends in international trade.
Poultry feed dominates due to global demand. Poultry feed remains a substantial revenue contributor for animal feed producers, driven by the worldwide popularity of poultry p...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Plains region is a strategic hub for feed production. Favorable weather and affordable land contribute to its status as a major farming area, benefiting livestock farmers...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Feed manufacturers compete on price. Because animal feed is considered relatively homogenous, providing affordable prices is key to retaining customers and avoiding losing bu...
Learn about the performance of the top companies in the industry.
Major companies are reporting slim profit. Purina, Cargill and CHS all are contending with profit less than 2.7%.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulatory compliance is critical for feed manufacturers. The FSMA mandates preventive controls and strict record-keeping to reduce contamination risks in animal feed product...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit margins remain thin amid continuous challenges. Animal feed producers generally operate with slim profit margins due to high input and transportation costs. Events lik...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Farm Animal Feed Production in the US industry in United States is $79.3bn in 2024.
There are 1,242 businesses in the Farm Animal Feed Production in the US industry in United States, which has grown at a CAGR of 1.2 % between 2019 and 2024.
The market size of the Farm Animal Feed Production in the US industry in United States has been growing at a CAGR of 3.1 % between 2019 and 2024.
Over the next five years, the Farm Animal Feed Production in the US industry in United States is expected to decline.
The biggest companies operating in the Farm Animal Feed Production market in United States are Purina Mills Inc., Cargill, Incorporated and Chs Inc.
Cubed alfalfa manufacturing and Barley feed (chopped, crushed or ground) manufacturing are part of the Farm Animal Feed Production in the US industry.
The company holding the most market share in United States is Purina Mills Inc..
The level of competition is high and steady in the Farm Animal Feed Production in the US industry in United States.