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Animal Produce Global Market Report 2024 Market Report 2024-2033 | Size, Trends, Growth Analysis, Insights
Animal Produce Global Market
Insights into Animal Produce Market: Global Trends and Analysis
Animal Produce Industry - Key Market Dynamics and Trends
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..
Market Overview -
Animal produce refers to products or materials, which are obtained from the parts of dead or live animals. These are primarily intended for consumption and non-consumption uses such as clothing, accessories, and others.
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Soaring Demand For Meat, Dairy, And Animal-Based Products Fuels Growth In The Animal Produce Market
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.
Competitive Landscape -
Major companies operating in the animal produce market report are Cargill Incorporated, Sysco Corporation, JBS USA Holdings Inc., Tyson Foods Inc., Sanderson Farms Inc., Koch Foods Inc., Smithfield Foods Inc., Hormel Foods Inc., National Beef Packing Company LLC, OSI Group LLC, Conagra Brands LLC, Wen's Food Group, Wellhope Agri-Tech Co. Ltd., Charoen Pokphand Group, Industrias Bachoco S.A.B. de C.V., Perdue Farms Inc., American Foods Group LLC, Mountaire Farms Inc., Seaboard Foods LLC, Archer Daniels Midland Company, Land O'Lakes Inc., Purina Animal Nutrition LLC, Kent Corporation, Alltech Inc., New Hope Group Co. Ltd., Guangdong Haid Group Co. Ltd., ForFarmers N.V., Nutreco N.V., De Heus Animal Nutrition B.V., DLG Group, Charoen Pokphand Foods plc, Japfa Ltd., MHP SE, Cherkizovo Group Public Joint Stock Company, BRF S.A., Marfrig Global Foods S.A., Minerva Foods S.A., NH Foods Ltd., Nippon Ham Group, Toyo Suisan Kaisha Ltd. .
Technological Advancements In The Animal Produce Market
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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"Contact Us:
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"Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps"
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