Animal Produce Market Expected to Achieve 6.2% CAGR by 2029: Growth Forecast Insights

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How Large Will the Animal Produce Market Size By 2025?
The size of the animal produce market has seen significant expansion over the recent years. The projection shows it will surge from $4713.21 billion in 2024 to $5029.95 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. This growth during the historical period can be credited to factors like consumer tastes and needs, regulatory backdrop, worldwide economic circumstances, the occurrence of disease outbreaks, and environmental worries.

How Big Is the Animal Produce Market Size Expected to Grow by 2029?
Anticipations are high for a robust expansion in the animal produce market over the forthcoming years. The anticipated growth trajectory indicates that it will reach $6398.36 billion by 2029, with a compound annual growth rate (CAGR) of 6.2%. Factors contributing to this projected growth during the forecast period include the surging focus on health and wellness, the incorporation of precision agriculture and smart farming techniques, stringent regulations, socio-economic development, and urbanization, and initiatives geared towards climate change mitigation. Key trends expected during this period encompass cultured and cellular agriculture, the global expansion of animal produce markets, health-centric and functional benefits, the rise in online retail and direct consumer sales, and the diversification of animal products.

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Which Key Market Drivers Powering Animal Produce Market Expansion and Growth?
The surge in demand for meat, dairy products, and other products derived from animals is forecasted to boost the expansion of the animal produce sector moving forward. Animal-derived products, including meat or flesh, milk, and other extracts from an animal's body, are typically consumed. This heightening demand for such products will subsequently stimulate increased production of animal products. For example, US Department of Agriculture data published in January 2023 revealed that Americans had consumed around 227 pounds of poultry, beef, and pork in 2022, a rise from the 224.9 pounds consumed in 2021. Hence, the escalating demand for meat, dairy, and other animal-based products fuels the growth of the animal produce market.

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Which Fast-Growing Trends Are Poised to Disrupt the Animal Produce Market?
The rise of technology is a noteworthy trend growing in prominence within the animal produce industry. Primary firms in this sector are focusing on incorporating innovative technology like data management to enhance farm productivity and solidify their market standing. In January 2023, JBS Live Pork, an offshoot of the US-based pork producer JBS, incorporated Cloudfarms' Swine Data Management System across their 90 US sow farms. This technology enables them to gather precise data from everyday farm tasks such as servings, relocations, and animal health administration, directly from the barn.

What Are the Emerging Segments in the Animal Produce Market?
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

Subsegments:
1) By Live Animals: Cattle, Sheep, Goats, Pigs, Poultry
2) By Meat: Beef, Pork, Poultry, Lamb, Processed Meats
3) By Milk: Cow Milk, Goat Milk, Sheep Milk, Specialty Milks
4) By Egg: Chicken Eggs, Duck Eggs, Quail Eggs, Specialty Eggs
5) By Skin And Hide: Leather, Hides For Tanning
6) By Wool: Sheep Wool, Specialty Fibers
7) By Honey: Raw Honey, Processed Honey, Specialty Honey

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Who Are the Global Leaders in the Animal Produce Market?
Major companies operating in the animal produce market include 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., 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.

Which are the Top Profitable Regional Markets for the Animal Produce Industry?
Asia-Pacific was the largest region in the animal produce market in 2024. The regions covered in the animal produce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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