The Animal Produce Global Market Report 2023, provides comprehensive information on the animal produce market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Animal Produce Global Market Report 2023, the market size is expected to grow from $4,727.50 billion in 2022 to $5,123.59 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every market across the globe. The global animal produce market size is expected to reach $6,843.41 billion in 2027 at a CAGR of 7.5%.
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Technological advancement is a key trend gaining popularity in the animal produce market. Major companies operating in the animal produce sector are concentrating on implementing new technologies, such as data management, to optimize farm operations and strengthen their market position. In January 2023, JBS Live Pork, a subsidiary of JBS, a US-based pork producer, implemented Cloudfarms’ Swine Data Management System in their 90 US sow farms to accurately collect data from daily farm operations such as servings, relocations, and animal health management directly in the barn.
The animal produce market is segmented:
1) By Type: Live Animals, Meat, Milk, Egg, Skin And Hide, Wool, Honey
2) By Nature: Organic, Conventional
3) By Application: Hypermarkets Or Supermarkets, Convenience Stores, Online Retail, Other Applications
Asia-Pacific was the largest region in the animal produce market in 2022.
The table of contents in TBRC’s animal produce market report includes:
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