Press release
Animal Produce Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Cargill Incorporated, Sysco Corporation, JBS USA Holdings Inc., Tyson Foods Inc., Sanderson Farms Inc
Animal Produce Market Characteristics
The Business Research Company offers in-depth market insights through Animal Produce Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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..
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Market Segmentation:
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
Major Driver - 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. .
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Top Trend - 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.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Animal Produce Market Characteristics
3. Animal Produce Market Trends And Strategies
4. Animal Produce Market - Macro Economic Scenario
5. Animal Produce Market Size And Growth
…..
27. Animal Produce Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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