NAICS 11293 - Fur-Bearing Animal and Rabbit Production
This industry comprises establishments primarily engaged in raising fur-bearing animals including rabbits. These animals may be raised for sale or for their pelt production.
Industry trends:
The fur-bearing animal and rabbit production industry (NAICS 11293) is experiencing several notable qualitative trends. Firstly, there is increasing pressure and influence from animal rights organizations advocating for the reduction or elimination of commercial fur farming. This has led to several high-profile fashion brands committing to go fur-free, thereby reducing market demand for fur products. Additionally, consumers are becoming more environmentally conscious, which is leading to a preference for sustainable and ethical alternatives to fur, such as faux fur.
Another significant trend is the adoption of advanced breeding techniques and improved animal care standards aimed at enhancing productivity and animal welfare. Producers are increasingly leveraging technology for efficient farm management, including better housing facilities and health monitoring systems.
Looking to the near future, the industry may see further regulations and policies focused on animal welfare, which could impact operational practices and costs. There is also a potential for industry diversification, as some producers may pivot towards niche markets like heritage rabbit breeds for pet ownership or specialized rabbit meat production for gourmet culinary uses.
Overall, while the traditional market for fur products faces challenges, opportunities exist for producers who can adapt to evolving consumer preferences and regulatory landscapes. The key will be innovation and flexibility in responding to these shifts.
This industry is comprised of:
Chinchilla production
Fox production
Fur bearing animal production
Mink production
Rabbit production
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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