Animal Transportation Market Growth Is Attributed To Increased Demand For Animals From Slaughterhouses

According to Precision Business Insights (PBI) latest report The Global Animal Transportation market is expected to be worth USD 352.0 million in 2021, growing at a 16% CAGR from 2022 to 2028. The increase in the demand for animal protein, along with the growing consumer inclination for a low-fat and high-protein diet, has led to an outstanding rise in the consumption of animal protein across the world. This trend has been driven by the influence of western cuisines across Africa, Asia-Pacific, and especially the Middle East. Moreover, the growing consumption of processed poultry and pork meat is likely to drive the global demand for livestock and the meat industry. Moreover, companies are providing technology advancement services to maintain growth in the market For instance, in January 2020, Delta Airlines introduced an upscale alternative for four-legged animals, a pet carrier that has a GPS tracking system, a built-in water bowl, and a triple locking door which costs around US$ 850. The CarePod crate allows tracking of the pet's journey which is monitored and supervised by trained experts.

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Transportation by Land Segment is Dominate the Animal Transportation Market:
Based on the type, the transportation by land segment is holding largest market share due to new technologies being implemented in the animal logistics business to enhance efficiency and lower shipping costs. One of these technologies is the blockchain logistics system. Blockchain is a distributed ledger system that records transactions between participants in a safe and permanent manner. By sharing databases amongst several parties, blockchain effectively eliminates the need for middlemen who were previously necessary to function as trusted third parties to verify, record, and coordinate transactions. The implementation of blockchain in the animal logistics business will improve the transparency and efficiency of animal transportation. The increased usage of modern technologies will allow for more structured operations in the next years may expected to enhance the market growth in the future.

Europe Leads Animal Transportation Market:
Europe accounted to have the largest share in the global animal transportation market and the market is projected to at a prominent CAGR over the forecast years owing due to the rising population and increasing awareness of health and benefits assisted by animal protein. Moreover, feasible transportation facilities in European countries including Germany, France, Spain, and others coupled with favorable regulations for animal transportation within the Europe region are anticipated to burgeon the growth of the market over the forecast years.

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Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Animal Transportation market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In August 2020, BioTrans Logistics GmbH, a subsidiary of BioTrans LLC acquired Pet Air GmbH to expand the services for BioTrans's customers in the Central Europe region

Detailed Segmentation
Based on the Type, the market is segmented into the following:
• Transportation by Land
• Transportation by Sea
• Transportation by Air

Based on the Application, the market is segmented into the following:
• Livestock
• Pets
• Research Animals
• Zoo Animals
• Aquarium Animals
• Others

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Key players' profiles in the animal transportation market report are American Airlines, Lan Cargo S.A, Delta Air Lines, FedEx, Amerijet, United Airlines, Air France, Southwest Airlines, IAG Cargo, DSV, Copa Airlines, Air Asia Group, Japan Airlines, IndiGo.

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This release was published on openPR.