Press release
Rising Meat Consumption Boosts Growth In The Live Animal Market: Transformative Forces Shaping the Live Animals Market Landscape in 2025
Live Animals
What Will the Live Animals Industry Market Size Be by 2025?
The size of the live animals market has observed a sturdy growth in the past few years. It is predicted to escalate from $2903.46 billion in 2024 to $3079.85 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.1%. The growth observed in the historical period can be ascribed to factors like agricultural activities, livestock farming, variations in food consumption trends, trading and exporting of livestock, cultural and religious customs, and the expansion of the pet industry.
What's the Long-Term Growth Forecast for the Live Animals Market Size Through 2029?
Predictions indicate a substantial increase in the size of the live animals market in the coming years, growing to $3836.19 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 5.6%. Factors such as global population surge, shifting dietary habits, animal welfare and moral concerns, trends in companion animals, burgeoning markets and urbanization contribute to this growth within the predicted timespan. Future trends in this sector encompass issues regarding animal welfare, integration of technology, sustainability and environmental impact, repercussions from pandemics, and advancements in genetics.
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What Are the Key Growth Drivers Fueling the Live Animals Market Expansion?
The surge in meat consumption is set to drive the growth of the live animal market. Meat, which is essentially animal flesh consumed as food, forms part of a balanced diet, providing B vitamins, iron, and premium protein. As live animals serve as a primary source for meat production and consumption, a rise in meat consumption will trigger advancement in the market. For example, a recent agricultural report outlook (2021-2030) from the Food and Agriculture Organization (FAO) revealed in July 2021 and backed by the Organization for Economic Co-operation and Development (OECD) - an intergovernmental organization based in France working towards eradicating hunger and improving nutritional and food security - global meat consumption per person is anticipated to grow by 0.3% p.a. reaching 35.4 kg in retail weight equivalent by 2030. Moreover, a predicted 14% climb in the worldwide consumption of meat proteins by 2030 is on the horizon. Hence, the escalating meat consumption trend fuels the expansion of the live animal market.
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What Are the Key Trends Driving Live Animals Market Growth?
Technological advancements are becoming increasingly prominent in the live animals market, primarily due to major companies striving to create new technological solutions that can solidify their market presence. Take for example the joint venture between Elanco Animal Health Inc., a US-based animal pharmaceutical company, and Ginkgo Bioworks, another US-based biotech firm, who in April 2022 launched a new enterprise called BiomEdit that harnesses microbiome technology in animal health. Expectations are high that new probiotics, therapeutic microbial compounds, personalized microbial medicines, and animal health microbial monitoring services will be unearthed, perfected, and launched via this company. The main objective of BiomEdit is to identify, develop, and introduce unique products that can meet the urgent need for innovation within animal health, such as medicated feed inputs, nutrition health enhancements, therapeutic treatments for livestock and companion animals, and disease-tracking biosecurity technology for animals.
How Is the Live Animals Market Segmented?
The live animals market covered in this report is segmented -
1) By Animal Type: Cattle And Buffalo, Pig, Poultry, Sheep And Goat, Other Animals
2) By Distribution Channel: Business To Consumers (B2C), Business To Business (B2B)
Subsegments:
1) By Cattle And Buffalo: Dairy Cattle, Beef Cattle, Buffalo
2) By Pig: Breeding Pigs, market Pigs
3) By Poultry: Broilers, Layers, Turkeys, Ducks
4) By Sheep And Goat: Sheep, Goats
5) By Other Animals: Horses, Rabbits, Other Livestock
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Which Companies Are Leading the Charge in Live Animals Market Innovation?
Major companies operating in the live animals market include Cargill Incorporated, Tyson Foods Inc., Koch Foods Inc., Smithfield Foods Inc., National Beef Packing Company LLC, Perdue Farms Inc., Allanasons Private Limited, New Hope Group Co. Ltd., Charoen Pokphand Group Company Ltd., Wellhope Foods Co. Ltd., Plukon Food Group BV, JBS SA, American Foods Group LLC, Genus plc, EW Group Gmbh, Groupe Grimaud SA, Tonnies Holding GmbH & Co KG, Westfleisch eG, Vion Food Group Ltd., Heinrich Müller GmbH & Co. KG, Danish Crown A/S, Marfrig Global Foods SA, Sanderson Farms Inc., Guangdong Wens Foodstuff Group Co. Ltd., Beijing Dabeinong Technology Group Co. Ltd., Muyuan Foods Co. Ltd.
Which Regions Are Leading the Global Live Animals Market in Revenue?
Asia-Pacific was the largest region in the live animals market in 2024. The regions covered in the live animals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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