Industry Analysis & Industry Trends
The Animal Food Production industry fattened up over the past five years, despite fluctuations in the price of animal feed. The industry was also bolstered by a steady increase in demand for pet food brought on by an increase in pet ownership. In the coming years, the industry is expected to grow alongside demand for animal feed and pet food. Rising disposable income will encourage more Canadians to purchase pets and pet food products. In particular, premium brands will benefit as consumers are better situated financially to pamper their pets... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the Animal Food Production industry are relatively low and depend on the scale of production an entrant pursues. The scale of production defines the levels of capital, technology, labour and enterprise required to commence operations. In the United States, food production is generally characterized by large-volume production. Most food products have low per unit values, making economies of scale necessary to reduce average per-unit costs. Producers wishing to enter the market will need to manufacture products at a rate similar to their established competitors to effectively compete against them.
Regardless of scale, the capital investment needed to set up certain industry operations can act as a primary barrier for new participants... purchase to read more