Live Animals Market
The Live Animals Global Market Report 2023, provides comprehensive information on the live animals market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/live-animals-global-market-report
The global live animals market size is expected to grow from $2,508.18 billion in 2022 to $2,695.56 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global live animals market size is expected to reach $3,568.36 billion in 2027 at a CAGR of 6.50%.
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Technological innovations are a key trend gaining popularity in the live animals market. Major companies operating in the live animals market are focused on developing new technological solutions to strengthen their position in the market. For instance, in April 2022, Elanco Animal Health Inc., a US-based livestock pharmaceutical company, and Ginkgo Bioworks, a US-based biotech company, launched BiomEdit, a new animal health company leveraging microbiome technology. It’s a company in which new probiotics, bioactive compounds, tailored microbial medications, and microbial monitoring services for animal health are anticipated to be discovered, developed, and introduced. BiomEdit aims to identify, create, and market distinctive products that address some of the most pressing demands for innovation in the field of animal health, including medicated feed ingredients, nutritional health, and therapeutics for livestock and pet species, as well as biosecurity technology for monitoring animal disease.
The live animals market 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)
Asia-Pacific was the largest region in the live animals market in 2022.
The table of contents in TBRC’s live animals market report includes:
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