The Animal Produce by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/animal-produce-global-market-report
According to The Business Research Company’s Animal Produce, The animal produce market size has grown strongly in recent years. It will grow from $5039.94 billion in 2023 to $5415.42 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to consumer preferences and demand, regulatory landscape, global economic conditions, disease outbreaks, environmental concerns.
The animal produce market size is expected to see strong growth in the next few years. It will grow to $7091.07 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to rising health and wellness trends, precision agriculture and smart farming, stringent regulatory standards, economic growth and urbanization, climate change mitigation efforts.. Major trends in the forecast period include cultured and cellular agriculture, globalization of animal produce markets, health and functional benefits, online retail and direct-to-consumer sales, diversification of animal products.
The increasing demand for meat, dairy products, and other animal-based products is expected to propel the growth of the animal produce market going forward. Animal products are substances obtained from an animal’s body, such as flesh or meat, milk, and others, used for consumption. The rising demand for meat, dairy products, and others will propel the need for animal produces. For instance, according to the data released in January 2023, by the United States Department of Agriculture, a US-based governmental agency responsible for creating and enforcing federal laws governing farming, forestry, rural economic growth, and food, in 2022, Americans consumed approximately 227 pounds of poultry, beef, and pork, an increase from 224.9 pounds of meat in 2021. Therefore, increasing demand for meat, dairy products, and other animal-based products is driving the growth of the animal produce market.
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The animal produce market covered in this report 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
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 report table of contents includes:
1. Executive Summary
2. Animal Produce Market Characteristics
3. Animal Produce Market Trends And Strategies
4. Animal Produce Market – Macro Economic Scenario
5. Global Animal Produce Market Size and Growth
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26. South America Animal Produce Market
27. Brazil Animal Produce Market
28. Middle East Animal Produce Market
29. Africa Animal Produce Market
30. Animal Produce Market Competitive Landscape And Company Profiles
Top Major Players:
- Cargill Incorporated
- Sysco Corporation
- JBS USA Holdings Inc
- Tyson Foods Inc
- Sanderson Farms Inc
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