New Research Proves Animal Food Manufacturers Vital to US Economy
Across America each day, nearly 5,650 animal food manufacturing facilities produce millions of tons of livestock, poultry and aquaculture feed and pet food, providing animals with safe and adequate nutrition while supporting an abundant U.S. food supply.
About the Study
The economic contribution study, conducted by Decision Innovation Solutions (DIS), an economic research and analysis firm, recently quantified exactly how vital the animal food industry is to the U.S. economy. Working with the AFIA, DIS analyzed economic data from a variety of sources to forecast an overall picture of the entire animal food manufacturing industry’s contribution to the U.S. economy in 2023.
Results
DIS estimated that in 2023, the total animal food industry will generate $267.1 billion in sales. This figure includes approximately $98.4 billion in value-added revenue. The industry will employ roughly 760,000 employees, paying out $55 billion in salaries and employee benefits before year-end. At the local, state and national levels, the industry will file $18.5 billion in taxes in 2023. The report showed that the top five states for feed and pet food sales this year will be California, Missouri, Texas, Iowa and Kansas, contributing almost $89 billion in sales combined.
Learn more about the industry’s economic impact in your state and congressional district.
Resources
Questions
For more information, contact afia@afia.org