Animal Produce Market Trends, Segmentation, Demand, Industry Growth And Expansion 2024-2033

Overview and Scope
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.

Sizing and 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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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

Asia-Pacific was the largest region in the animal produce market in 2023. 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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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the animal produce market are focused on real-time monitoring platforms to strengthen their position in the market. Real-time monitoring platforms in animal produce enable continuous and immediate tracking of livestock health, behavior, and environmental conditions to optimize production efficiency and ensure animal well-being. For example, in July 2021, MSD, a US-based health care company that delivers innovative health solutions through its prescription medicines, vaccines, biological therapies, and animal health products, launched the Poultry Sense platform, which monitors broiler production in real-time. Through this platform, farmers can predict flock health, enhance performance, and ultimately improve sustainability at a farm level. The platform is built on sensors that are positioned in sheds and record data on things like bird weight, air pressure, humidity, temperature, and carbon dioxide levels.

The animal produce market report table of contents includes:

1. Executive Summary

2. Animal Produce Market Characteristics

3. Animal Produce Market Trends And Strategies

4. Animal Produce Market – Macro Economic Scenario

5. Global Animal Produce Market Size and Growth
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31. Global Animal Produce Market Competitive Benchmarking

32. Global Animal Produce Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Animal Produce Market

34. Animal Produce Market Future Outlook and Potential Analysis

35. Appendix

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