Store - Sheep And Goats

The global sheep and goat industry

The global sheep and goat industry is a highly diversified and complex sector. It includes both small-scale producers who keep a few animals for their own consumption or to sell to their local community, as well as large commercial operations that supply the global market with meat, milk, and other products.

Sheep and goats are raised in every corner of the world, from the coldest regions of Siberia to the hot deserts of Africa and Australia. They play an important role in the livelihoods of millions of people, providing them with food, income, and employment.

The global sheep and goat industry is worth an estimated $US60 billion annually. The majority of this value is generated by meat production, which accounts for around 70% of the total value. Milk and wool are the next most important products, accounting for around 15% and 10% respectively. A small but growing number of producers are also beginning to tap into the potential of other products such as skin and cashmere.

The sheep and goat industry in the United States

The sheep and goat industry in the United States is a $2.2 billion industry with over 3,500 producers raising over 7 million animals. The majority of sheep and goats are used for meat production, with wool and cashmere also being important products.

In recent years, the industry has faced challenges due to declining demand for lamb and wool, as well as increased competition from other meats. However, the industry has been able to adapt and continue to provide a valuable product to consumers.

The sheep and goat industry is expected to continue to grow in the coming years, with increasing demand for lamb and wool in particular. This will provide opportunities for producers to expand their operations and continue to provide a valuable service to the US economy.

The future of the sheep and goat industry

The future of the sheep and goat industry looks bright. The demand for sheep and goat products is expected to continue to grow, driven by population growth, urbanization, and the continued rise in income levels. In addition, the industry is expected to benefit from increasing interest in niche markets, such as organic and grass-fed products.

The industry is also likely to see consolidation in the coming years, as small farmers exit the market and larger players expand their operations. This consolidation is expected to result in more efficient production and lower costs for consumers.

Conclusion

The sheep and goat industry is forecast to grow significantly in the next decade, due in large part to the increasing demand for their products. In order to meet this demand, producers will need to increase their flock sizes and improve their husbandry practices. Additionally, the industry will need to develop new markets for its products, as well as expand existing ones. With proper planning and execution, the sheep and goat industry has the potential to become a major force in the global economy.